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
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

You might be interested in
The following transactions were completed by the company.
aleksandrvk [35]

Answer:

a.

Assets : Increase by $6,000

Liabilities : No effect

Equity : Increase by $6,000

b.

Assets : Increase by $4,500

Liabilities : No effect

Equity: Increase by $4,500

c.

Assets : Decrease $1,650

Liabilities : No effect

Equity : Decrease $1,650

d.

Assets : Increase $2,250, Decrease $2,250

Liabilities ; No effect

Equity: No effect

e.

Assets : Decrease $800

Liabilities : No effect

Equity : Decrease $800

Explanation:

a.

Recognize Revenue and Assets of Cash

b.

Recognize Revenue and Assets in Trade Receivable

c.

Recognize an expense and de-recognize the Assets of Cash

d.

Recognize Assets in Cash and de-recognize Assets in Accounts Receivables.

e.

Recognize an Expense and de-recognise the Assets in Cash

6 0
4 years ago
Selling goods only at certain predetermined prices that reflect definite price breaks is called .
Firlakuza [10]

selling goods only at certain predetermined prices that reflect definite price breaks is called Price lining

Price lining, also known as product line pricing, is a marketing tactic where a company charges for its products in accordance with its quality, features, or other characteristics to set them apart from competing ones.

Price line, to put it simply, is the practice of placing comparable products in various price ranges, each of which differs significantly in terms of the characteristics or qualities it offers. These brackets typically have lower starting prices and higher price points.

Despite having "price" in its name, price lining is a marketing tactic. The major goal of this strategy is to increase sales and audience size by making the offering more appealing to a wider range of consumers.

Apple, a company that makes smartphones, is a good illustration of price lining in action. Apple offers its iPhone lineup in a range of price points, with each model differing mainly in the small number of extra features that are added to the more expensive ones. Instead of solely selling expensive iPhones, Apple now offers a variety of models to appeal to customers with varying levels of purchasing power, which helps them grow sales.

To know more about price lining

brainly.com/question/7250116

#SPJ4

8 0
1 year ago
The slope of the budget line represents the rate at which the consumer is willing to trade one good for another at any given bun
Softa [21]

Answer:

False

Explanation:

The slope of the budget line is the ratio of the prices of that bundle of goods. It represents the price at which a consumer would be willing to substitute one good for the other in the same bundle of goods.

I hope my answer helps you

7 0
4 years ago
PLEASE HELP ME !
Arada [10]

Answer: My business is a dry cleaners. We clean clothes, household items, press shirts, sterilize and anything else our community may need with regard to cleaning apparel

Explanation:

4 0
3 years ago
Granting access to a user based upon how high up he is in an organization violates what basic security premise?
hodyreva [135]

Granting access to a user based upon how high up he is in an organization violates "the principle of least privileges."

As the principle of least privileges states that a person should be given only those privileges that are needed or are necessary to perform a specific job or task and nothing more.

The principle of least privileges states that you assign users the minimum set of privileges which they require to do their jobs, according to their roles.

The principle of least privilege prevents the spread of malware on your network. An administrator or superuser with access to a lot of other network resources and infrastructure could potentially end up spreading malware to all those other systems which he gets access to.

Hence, if the organization grants access to a user based upon how high up he is then the organization violates the principle of least privileges.

To learn more about the least privileges here:

brainly.com/question/27034248

#SPJ4

3 0
2 years ago
Other questions:
  • Nalpas Inc., an apparel company, manufactures clothes for men, women, and children. It further divides its core customers on the
    14·1 answer
  • 4. Boeing just signed a contract to sell a Boeing 737 aircraft to Air France. Air France will be billed €20 million which is pay
    14·1 answer
  • The w in the wh framework for business ethics stands for
    14·1 answer
  • Alternative B may be replaced with an identical item every 30 years at the same cost and annual benefit. Using a 10 percent inte
    10·1 answer
  • In fund A, $100,000 accumulates at an annual nominal rate of interest j compounded semiannually to $130,666.52 in 4 years. In fu
    15·1 answer
  • A drive through liquor store estimates that customers arrive in their cars at the rate of 10 per hour. The cashier can serve cus
    11·1 answer
  • he manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indica
    13·1 answer
  • Need answer ASAP if in next 5mins I'll name first answer brainliest
    5·1 answer
  • In private corporations the head of accounting (often called the chief financial officer or controller) spends a great amount of
    12·1 answer
  • What are three characteristics that affect decision making by a group?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!