1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gre4nikov [31]
3 years ago
5

Rodney invests​ $2,400 today, compounded​ monthly, with an annual interest rate of​ 6.25%. What is​ Rodney's investment worth in

one​ year?A.​$2,515.66B.​$2,554.37C.​$2,503.57D.​$2,532.00
Business
1 answer:
Zina [86]3 years ago
7 0

Answer:

B. $2,554.37

Explanation:

In this question we use the Future value formula which is shown below:

Future value = Present value × (1 + rate)^number of years

where,

Present value = $2,400

Rate = 0.625 ÷ 12 = 0.0052083333

Number of years = 1 month × 12 months = 12

So, the future value

= $2,400 × (1 + 0.0052083333 )^12

= $,2,400 × 1.0643218146  

= $2,554.37

You might be interested in
The computation and interpretation of the degree of combined leverage (DCL)You and your colleague, Malik, are currently particip
erastova [34]

Answer:

1. expected to be the same

2. expected decrease to 1.11

3. expected decrease to 2.67

Explanation:

1. Degree of Operating Leverage = Contribution margin ÷ Earning before interest and tax

= $48,000,000 ÷ $20,000,000

= $2.40

2. Degree of Financial Leverage = Earning before interest and tax ÷ Earning before tax

= $20,000,000 ÷ $16,000,000

= $1.25

3. Degree of total leverage = Contribution margin ÷ Earning before tax

= $48,000,000 ÷ $16,000,000

= $3.00

The repayment 50% of bank loan

1. The Degree of Operating Leverage is expected to be the same.

2. Degree of Financial Leverage = $20,000,000 ÷ $18,000,000 = 1.11

The Degree of Financial Leverage is expected to be decrease to 1.11

3. Degree of total leverage = $48,000,000 ÷ $18,000,000 = 2.67

The Degree of total leverage is expected that it will decrease to 2.67

4 0
3 years ago
Someone help me. i have no clue oml
Zielflug [23.3K]

Answer:

Get a dice and roll it.

Explanation:

8 0
2 years ago
On december 2017 coolwear had a balance in its prepaid insurance acount of 68,400. During 2018, 106,000 was paid for insurance.
NNADVOKAT [17]

Answer:

$132,400

Explanation:

Calculation for the Insurance expense

Using this formula

Insurance expense= 2017 Ending Balance in prepaid insurance account+ Amount paid for insurance-2018 Ending Balance in prepaid insurance account

Let plug in the formula

Insurance expense=$68,400+$106,000-$42,000

Insurance expense=$132,400

Therefore the Insurance expense recorded 2018 would be $132,400

8 0
3 years ago
True or False: Evaluation of a Request for proposal is based solely on price.
mixas84 [53]

Answer:

false.

Explanation:

u help me i help you

8 0
2 years ago
Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.05 per share. Hornberger ha
ohaa [14]

Answer:

Hornberger plows back 22.72% of its earnings into the firm.

Explanation:

Plowback ratio fundamental analysis ratio that measures how much earnings are retained after dividends are paid out.

We can use the relationship g = ROE × b to find the plowback ratio (b).

The growth rate implied by the recent dividend and the expected dividend is estimated using the equation, D1 =  D0 × (1 + g)

$2.05 = $2.00 × (1 + g)

$2.05 - 2.00 = 2.00g

0.05 / 2 = g

g = 2.5%

Then  according to the equation (b)

2.50% = 11.00% × b

b = 2.50%/11.00%

b = 22.72%

3 0
3 years ago
Other questions:
  • Why are infomercials, sponsorship, and product placement growing in importance for global marketers? please provide specific exa
    7·1 answer
  • What are three ways you can prevent others from committing check fraud with your check​
    13·1 answer
  • n an open economy, why is the supply curve for dollars in the foreign-currency exchange market vertical?
    14·1 answer
  • ]To estimate the percentage of defects in a recent manufacturing​ batch, a quality control manager at Daimler minus Chrysler sel
    5·1 answer
  • Earley Corporation issued perpetual preferred stock with an 8% annual dividend. The stock currently yields 7%, and its par value
    15·1 answer
  • The typical measurement of hotel demand is the room night (RN). When we say that each room night is perishable , we mean that on
    14·1 answer
  • As the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions. Provide an explanation fo
    13·1 answer
  • Katie is averaging 8 test scores. She makes a mistake and divides the correct sum by 9, which yields an average of 80. What is K
    10·2 answers
  • If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account which had been writte
    12·1 answer
  • Identify three types of customers that a business serves.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!