The balance in the savings account at the end of the 8th year (i.e., after 8 deposits) is $99,256, and the interest earned on the 8 deposits is $27,256
The future value of annuity is a calculation that measures how a good deal a chain of fixed bills might be really worth at a specific date in the future whilst paired with a particular interest price. The word “value” in this term is the coin's potential that a sequence of future payments can gain.
The equation to find future value of the annuity:
Future Value = E ( ( 1 + r)^p - 1 ) / r
E = Annual deposit = $9,000
r = Interest rate = 9%
P = 8 years
FV = Amount available = 9,000 ( 1.09^8 - 1 ) / .09 = $99,256
Interest = 99,256 - 9000 * 8 = $27,256
Future value is the value of a current asset at a future date based on an assumed fee of growth. The future price is vital to investors and economic planners, as they use it to estimate how an awful lot of funding made today may be worth it in the future.
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My answer is A) ACCOUNTS CLERK.
The job of an accounts or accounting clerk is very repetitive.
These tasks are:
1) V<span>erifying the accuracy of invoices and other accounting documents/records.
2) Updating and maintaining accounting journals, ledgers and other records that details financial business transactions
3) Entering data into the computer system using defined computer programs
4) Compiling data and preparing a various of reports.
5) Reconciling records with internal company employees and management, or external vendors or customers.
6) </span>Investigating questionable data and r<span>ecommending actions to resolve discrepancies.
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Answer:
C. strategic planning
Explanation:
Strategic planning involves the way or process an organization adopts in determining its strategy, direction and making decisions on how to allocate resources better and implement strategy. It is also the technique which guides and controls the implementation of strategy.
Tools used for strategic planning includes.
1. Growth share matrix.
2.PEST analysis.
3.SWOT analysis.
4.Scenerio planing. etc.
Answer:
D). Technological advancement
Explanation:
Answer: Junk bonds
Explanation:
Junk bonds are a high-yielding high-risk security, that are issued by a company which is seeking to raise capital quickly to finance a takeover.
Junk bonds represent bonds that are issued by companies that are financially struggling and possess a high risk of not paying the interest or repaying the principal to investors. Junk bonds are a good investment for the investors who need the higher return and those that can also afford the higher risk.
