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choli [55]
3 years ago
12

Galvin has deposited $879 in a savings account that earns interest at a rate of 1.8% compounded quarterly.what will the account

balance be in 14 years?
Business
1 answer:
Tju [1.3M]3 years ago
3 0

$1,130.28

Formula is A = P (1 + [r/n])^(nt)

A= 879 (1+ [.018/4])^(4*14)

A= 879 (1.0045)^56

A= $1,130.28

A = future total amount

P = principle (amount initially deposited)

r = the annual interest rate (decimal)

n = times that interest is compounded per year  (quarterly is 4 times per year)

t = number of years

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3 years ago
After the civil war, what became the major form of business organization because of its ability to raise money through the sale
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3 years ago
Multi-market competition occurs when two or more diversified firms:
azamat

Answer:

The correct answer is letter "D": simultaneously compete against each other in the same product areas geographic markets.

Explanation:

Multi-market competition happens when companies offering a similar product make contact in multiple markets. The level o competition shapes according to the region where the goods or services are being offered and in different markets, different consumers decide which company is taken as the preferred.

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3 years ago
Best Foods Co. is considering expanding beyond the regional market segments now served by its Hellmann's mayonnaise. One criteri
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Answer:

Option  E                    

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3 years ago
Advanced Enterprises reports year−end information from 2019 as​ follows: Sales​ (160,250 units) ​$969,000 Cost of goods sold ​(6
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Answer:

Cost of goods sold = $576,900

Explanation:

The budgeted cost of goods sold will be the sales volume in 2020 multiplied by cost per unit .

Sales volume in year 2020= (100-10)% ×  sales figure for 2019

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Cost of goods sold per unit =  cost of goods sold in 2019/Sales units in 2019

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Cost of goods sold = $576,900

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3 years ago
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