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
Leviafan [203]
4 years ago
5

What is the future value of 25 periodic payments of $5,440 each made at the beginning of each period and compounded at 8%? (Roun

d factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Business
1 answer:
artcher [175]4 years ago
4 0

Answer:

Explanation:

We would plug the following values in a financial calculator in order to compute the future value,

N = 25

I/Y = = r = 8

PMT = 5440

PV = 0

Fv = ??

FV =  PMT x (1 + r )(  \frac{(1+r)^{N} -1}{r} )

https://www.calculator.net/finance-calculator.html?ctype=endamount&ctargetamountv=1000000&cyearsv=25&cstartingprinciplev=0&cinterestratev=8&ccontributeamountv=5440&ciadditionat1=beginning&printit=0&x=0&y=0

^ Using the financial calculator, FV = $429,512

You might be interested in
Where can you find an image database of free and simple graphics in many
Ede4ka [16]

Answer:C

Explanation:

just did it on apex

5 0
4 years ago
Hard Nails and Bright Nails are competing nail salons. Both companies have the same number of customers. Both charge the same pr
NemiM [27]

Answer:

Option A is correct.

will earn a higher profit than Bright Nails

Explanation:

If sales of both saloons increases by an equal amount then Hard Nails<u> will earn a higher profit than Bright Nails. </u>

  • The strategy of Hard Nails is that it is paying it's manicurists on a salary basis i.e it is a fixed cost. If sales increases Hard Nails will not give any extra amount to it's manicurists.
  • On the other hand the strategy of Bright Nails is that it is paying it's manicurists on the basis of no. of customers they serve. So, if sales increases then it have to pay more amount to it's manicurists.
3 0
3 years ago
Select the correct answer.<br> Workers like authoritarian leaders best.<br> A True<br> B. False
aivan3 [116]

Answer:

False

Explanation:

In autocratic leadership, the leader or manager does not allow the team members to contribute to the group's decisions. It is also known as authoritarian leadership. The leader issues command-like instructions that must be followed by everyone.

In general, workers do not like authoritarian leaders. Authoritarian leaders do not consider workers' opinions, nor do they value their inputs in decision making. Discouraging group inputs stifles creativity and innovation. Workers are always demoralized as they do not feel part of the team and its decisions.

6 0
3 years ago
Read 2 more answers
Suppose a panel of economists is predicting that a nation's real GDP per capita will double in approximately 10 years. Based upo
Semenov [28]

Answer:

The answer is: 7% annual growth rate

Explanation:

The Rule of 70 is a way to determine how many years it will take an economy to double its GDP (or GDP per capita) with a given annual growth rate.

The formula used by the Rule of 70 is:

number of years                    =        <u>                      70                       </u>

to double an economy                  annual percentage growth rate

In this exercise we substitute the known variables and calculate:

             10 years  =  70 /  (annual growth rate)

             annual growth rate = 70 / 10 = 7%

7 0
3 years ago
Which of the following best describes the opportunity cost of attending a free concert at the local coffee shop?
Rudik [331]

Answer:

1. The chance to play the latest video game with your roommate while you were at the concert

Explanation:

Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.

The opportunity cost of attending the concert is the activity that could have been done if one didnt attend the concert which is playing video games.

I hope my answer helps you.

8 0
3 years ago
Other questions:
  • Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single wall hanging. Hassock standard
    7·1 answer
  • Let L represent the number of workers hired by a firm, and let Q represent that firm’s quantity of output. Assume two points on
    14·1 answer
  • Lilly's team had trouble keeping up with all the changes being made to the
    15·2 answers
  • The following statements describe a certain country's economy. What type of economy does this country have? I. Most citizens far
    10·2 answers
  • Reading market news by non-U.S.-based publications will help:
    14·1 answer
  • The intangible barrier known as ________________ limits the promotion of women or minorities to the highest positions in an orga
    7·2 answers
  • A broker allowed her license to expire and renewed it 32 days after the expiration date. What does she need to do to reinstate h
    15·1 answer
  • in the market for widgets, the supply curve is the typical upward-sloping straight line, and the d curve is the typical downward
    8·1 answer
  • A relevant cost ______. Multiple select question. differs between alternatives is always an opportunity cost pertains to the fut
    5·1 answer
  • A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800. Group startsTrue or FalseTrue, unselec
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!