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
Step2247 [10]
3 years ago
14

David Spear invested $14,000 today in a fund that earns 10% compounded annually. Click here to view factor tables To what amount

will the investment grow in 4 years? To what amount would the investment grow in 4 years if the fund earns 10% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 10% annual interest $enter a dollar amount rounded to 0 decimal places Investment at 10% annual interest, compounded semiannually $enter a dollar amount rounded to 0 decimal places eTextbook and Media
Business
1 answer:
docker41 [41]3 years ago
8 0

Answer:

The investment will grow to $20,497 in four years if interest is compounded annually.

On other hand, the investment will grow to $20,684 if interest is compounded at 10% semi-annually

Explanation:

Using compound interest formula below the,the total investment after four years:

A=P(1+r/n)^nt

A=Future value

P=Principal amount invested

n=number of time interest is paid per time period

t=number of time period

First question:

P=$14000

r=10%

n=4 years

t=1 period

A=$14000*(1+0.1)^4

A=$20497.4

Second question

P=$14000

r=10%

n=4years

t=2 times

A=$14000*(1+0.1/2)^4*2

A=$20684.38

In short , the investment grows better if the interest is compounded at 10% semi-annually.

You might be interested in
Why do you think wants is less important?​
viktelen [127]

Answer:

Wants is less important because you don't need it/them to survive, you can live with only your needs, you should only get your wants only if you can afford it and still have enough money for needs.

Explanation:

I don't know if that made sense lol

3 0
3 years ago
Consider the impact of the following two events in the television market.First, people are using more tablets and fewer televisi
babunello [35]

Answer:

The correct answer is option B.

Explanation:

As people are using more tablets and fewer television sets, the demand for television sets will decline. This will cause the demand curve to shift to the left. As a result, the price level will decline.  

Now, with new production technique the cost of production declines. As a result, there will be an increase in the supply as the firm will be able to produce more at the same cost. This will cause the supply curve to shift to the right. This rightward shift in the supply curve may lead to an increase or decrease in the quantity of output. It depends on the extent of change in supply.

7 0
3 years ago
Which type of store has high sales volume, little service, and prices 20-40 percent lower than supermarkets?
enot [183]
Gas stations. That would be that.
6 0
3 years ago
A holder of Rainbow Funds convertible bonds with a $1,000 par and a $1,100 price can convert the bond to 25 shares of common sto
omeli [17]

Answer:

22.22%

Explanation:

Currently Rainbow's stocks are priced at $36 per stock.

If the holder can convert his $1,100 bond into 25 stocks, that means that each stock should be worth at least $44 (= $1,100 / 25).

So the current stock price should increase by $8 (= $44 - $36) in order for a trade to be attractive, $8 represents a 22.22% increase (= ($8 / $36) x 100)

7 0
3 years ago
What is IKEA trying to achieve in the Global Market?
kirill [66]

Answer:

success and money

Explanation:

 

6 0
3 years ago
Other questions:
  • A company's Office Supplies account shows a beginning balance of $720 and an ending balance of $640. If office supplies expense
    6·1 answer
  • Listed options on U.S. exchanges are available on all of the following currencies except:_________.A) Canadian dollar. B) Japane
    10·1 answer
  • In what way does the article describe the two-party system as a positive system when compared with a multiparty system?
    6·2 answers
  • The database of Aster Corp. was hacked and confidential data was leaked to its competitors. This resulted in a huge financial lo
    14·1 answer
  • An equal partnership is formed by Rita and Gerry. Rita contributes cash of $10,000 and a building with a fair market value of $1
    9·1 answer
  • What is judical settlement<br>​
    7·1 answer
  • The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales
    6·1 answer
  • A company is considering replacing its air conditioner. They have narrowed their selection to two alternativesthat will offer co
    7·1 answer
  • Given the following financial structure for Company S for all of 2016:
    11·1 answer
  • The bank pay for the use of money in the form of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!