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Y_Kistochka [10]
3 years ago
11

Your brother has asked you to help him to choose an investment. He has $6,000 to invest today for a period of two years. You ide

ntify a bank CD that pays an interest rate of 4.25 percent with the interest being paid quarterly. What will be the value of the investment in two years?
Business
1 answer:
kramer3 years ago
3 0

Answer:

$ 6, 529.40

Explanation:

The value of the investment will be the future value of $6000 invested at 4.25 percent compounded quarterly for two years.

The formula for calculating the future is as below.

FV = PV × (1+r)n

where FV = Future Value

PV = Present Value : $6000

r = annual interest rate: 4.25 % divide by four

n = number of periods: 8 (2 x 4)

Since interest is paid quarterly or four times per year, the applicable interest rate will be 4.25 /4 = 1.0625%

There will be 8 periods( 4 quarters per year x 2)

Fv = 6000 x (1 + 1.0625/100)8

Fv =6000 x (1+ 0.010625)8

Fv =6000 x 1.08822900

Fv= 6529.3740

FV= $ 6, 529.40

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Jacob wants to invite 20 friends to his birthday, which will cost his parents $250. If he decides to invite 15 friends instead,
ehidna [41]
The answer would be 187.50

250 $ for 20 friends would be $12.50 per friend. So, 12.5 x 15 = $187.50
4 0
2 years ago
When a financial friction is added to the short-run model it: Group of answer choices shifts the MP curve up. shifts the IS curv
Alexeev081 [22]

Answer:

When a financial friction is added to the short-run model it: shifts the MP curve up.

Explanation:

The short-run model, IS/MP model, describes the Investment-Savings/Monetary Policy model used by the US Federal Reserve to decrease the real interest rate through the Federal Funds rate, i.

The Federal Funds rate is the interest rate that commercial banks with excess reserves lend to others in deficit.  The resulting shift occasions a decrease in the real interest rate which triggers an increase in the inflation rate, and vice versa.  With such short-run changes in the interest rate, inflation and output is influenced in desirable directions by the Federal Reserve as a foundation to achieve long-term shifts in the AD-AS model.

The AD-AS model is a long-term model that describes Aggregate Demand and Aggregate Supply which impact long-term inflation, interest rates, and output.

7 0
3 years ago
How should the business be developed in the future? Be specifi c and consider changes related to your supplier, the monogramming
levacccp [35]

Answer:

Target customers and products

Explanation:

Businesses should be developed in the future along the line of its target customers and also in consideration of the type of products it produces. the main aim of every business is to meet and solve the needs of its target customers and its development should as well be tailored to always fulfill the need of its target customers.

Business are not developed based on specifics related to the supplier because the suppliers are not the end users of the project but the target customers are.

5 0
2 years ago
Birth certificates, social security cards, and driver's licenses are all examples of _____ that you might need to provide during
klemol [59]
These are examples of D. documentation

Hope this helps!
8 0
3 years ago
Read 2 more answers
Scenario
aalyn [17]

Answer:

GBI

a. Journal Entries

Feb. 2

Debit Supplies Expense $800

Credit Payables-Misc. account $800

To record the purchase of supplies on account.

Feb. 4

Debit Accounts Payable $800

Credit CAsh $800

To record the payment on account.

b. The resulting document numbers are:

FI document number 1: __________ 100001

FI document number 2: __________ 100002

Explanation:

The journal entries are made to initially record the transactions in the books of GBI.  Journal entries identify the accounts involved in every transaction.  They add some brief narrations of the transaction.

4 0
3 years ago
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