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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

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marin [14]

Answer:

Goodwill impairment occurs when a company decides to pay more than book value for the acquisition of an asset.

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Explanation:

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3 years ago
Core Corporation reported current earnings and profits of $250,000. It distributed a buildingwith an adjusted basis to Core of $
Svet_ta [14]

Answer:

B. $140,000

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3 years ago
Owen plans to open Owen's Pets Store, a pet supplies outlet, and to hire Quinn and Ruth. Owen will invest only his own money. He
rusak2 [61]

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<h3>What is business organization?</h3>

The word "business organization" refers to the organizational structure of businesses and how such structure aids in achieving their objectives. Businesses are often built to concentrate on either making a profit or helping society. A company is considered a for-profit entity when it prioritizes making money. An organization is referred to as a nonprofit (or not-for-profit) organization and is not often called a business when it aims to further the social good through the arts, education, health care, or some other sector.

To learn more about business organization from the given link:

brainly.com/question/24734641

#SPJ4

5 0
2 years ago
How has Groupon effectively used personal selling, advertising, and public relations to market its products?
Rainbow [258]
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6 0
3 years ago
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lukranit [14]

Answer:

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