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
Kamila [148]
3 years ago
5

Brianna cruz earned $130 in simple intrest in 9 months at an annual interest rate of 8%. How much money did she invest?

Business
1 answer:
stiks02 [169]3 years ago
4 0

Answer:

She invested $2,167

Explanation:

As interest rate is not compounded, the 9-month interest of a 8% annual interest is simply:

8% * 9 / 12 = 6%

Let A be the amount of money she invest. After 9 month she will receive:

A * 0.06 dollars.

And the actual amount is $130. So she invested

A = $130 / 0.06 = $2,167

You might be interested in
A company is investing in a solar panel system to reduce its electricity costs. The system requires a cash payment of $125,374.6
tatyana61 [14]

Answer:

NPV is positive,the project should be accepted

Explanation:

In determining whether or not the project should be accepted ,we need to ascertain the Net Present value of the project which is present value of cash inflows of $13,000 for 35 years minus the initial investment of $125,374.60 committed today.

The annuity factor for 8% for 35 year horizon is 11.6546 using annuity table.

Present of cash inflow=cash inflow*annuity factor=$13,000*11.6546=$151,509.80  

Net present value=$ 151,509.80-$125,374.60=$ 26,135.20  

The investment has a positive NPV,hence should be accepted

4 0
3 years ago
With respect to product quality, deming believed that a company should never ________. pay more attention to quality than to pri
antoniya [11.8K]
<span>(B) is the most correct answer. Dr. Deming was a proponent of Total Quality Improvement, and felt that quality and improving such a measure should never be something that had an "endpoint." The company should always look for ways to improve the quality of a product or service.</span>
3 0
3 years ago
A patent is an exclusive right to produce and sell a product for how long
kozerog [31]

20 years

I just took the test

6 0
2 years ago
Read 2 more answers
Most insurance companies will waive surrender charges in the event EXCEPT:
xxMikexx [17]

Answer:

Most insurance companies will waive surrender charges in the event except the person who fake the injury or death

4 0
1 year ago
In the audit of notes payable, an auditor testing the ASB balance assertion of accuracy and valuation most likely would: _______
MariettaO [177]

Answer:

I think it's c

Explanation:

6 0
2 years ago
Other questions:
  • 4. Although bananas are grown in almost one hundred countries worldwide, Ecuador and Costa Rica are among the world's largest ba
    9·1 answer
  • Esky corporation, a chain of retail stores, monitors 10 performance indicators that are believed to be correlated with better qu
    13·1 answer
  • Look at the picture, which one is the correct answer?
    8·1 answer
  • If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their __________________
    7·1 answer
  • A local electricity - generating company has a monopoly that is protected by an entry barrier that takes the form of:________. a
    8·1 answer
  • What is the maximum potential loss for a customer who is short 100 shares of ABC stock at $33 and short 1 ABC Jan 35 Put at $6?
    10·1 answer
  • 1. HOW DO ETHICS AND MORALS INFLUENCE PERSONAL AND COMMUNITY VALUES?
    8·1 answer
  • You know that one of your shortcomings is that you have no real job experience to speak of. You are considering beefing up your
    9·1 answer
  • Select the statement below that explains how to use the Income Summary account. Multiple choice question. The Income Summary acc
    14·1 answer
  • Sergio has decided to diversify his investments in the following way: $4,000 in an account earning 3. 2% simple interest $4,000
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!