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
Maslowich
3 years ago
14

What amount must he invest today if his investment earns 8% compounded annually? What amount must he invest if his investment ea

rns 8% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Business
1 answer:
VMariaS [17]3 years ago
8 0

Answer:

Compounded annually:

24820 = x * (1.08^3) = 1.259712x

x = 24820/1.259712 = $19703

Compounded quarterly:

24820 = x*(1.02)^12 = 1.26824x

x = 24820/1.26824 = $19570

Explanation:

I hope you can understand better and no need for further explanation.

You might be interested in
Which of the following statements are true about this natural monopoly? Check all that apply. In order for a monopoly to exist i
NNADVOKAT [17]

Answer: The following statements are true about this natural monopoly:<em> </em><u><em>It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.</em></u>

Natural monopoly is a form of monopoly that persists because of start-up costs of administrating a business organization in a particular industry. A organization with natural monopoly will be the only supplier of a commodity or service in an industry.

5 0
4 years ago
Assume J. K. Lumber increases its operating efficiency such that costs decrease while sales remain constant. As a result, given
Mars2501 [29]

Answer:

D) return on equity will increase.

Explanation: Return on equity is a financial term that explains the net income of a business venture. There are several ways through which the return on equity can be improved or increased in business.

(1) Reduction in the cost of operations or production of goods and services

(2) increase in the price of the product etc.

If the cost of producing a given Quantity of goods is reduced with sales remaining constant,THE RETURN ON EQUITY WILL INCREASE AS A RESULT OF THE INCREASE IN NET INCOME DUE TO REDUCED COST OF OPERATIONS OR PRODUCTION OF GOODS.

7 0
3 years ago
Read 2 more answers
under the modified accrual basis of accounting, gasb standards for property tax revenue recognition provide that revenue should
Cloud [144]

Revenue for property taxes collected more than 30 days after the fiscal year's end should not be recognised on the accrual method of accounting, according to GASB guidelines.

For state and municipal governments in the United States, generally accepted accounting principles (GAAP) are developed by the Government Accounting Standards Board (GASB), a private non-governmental organisation.

The transaction process must be initiated by a crucial event in accordance with generally accepted accounting standards (GAAP). According to GAAP, revenues are acknowledged when they are earned and realised, not necessarily when they are received. However, profits are frequently made and received in a single transaction.

Learn more about GASB here:

brainly.com/question/14495146

#SPJ4

3 0
1 year ago
Miller's department store is having a sale with a 25% discount on mattresses. if the sales tax rate is 8%, how much change will
Scorpion4ik [409]
<span>895 * 0.75 * 1.08 = 724.95$

800 - 724.95 =

75.05$</span>
6 0
3 years ago
Nursing is a humanitarian service give reason​
Liono4ka [1.6K]
It is a welfare which is health, happiness.
8 0
3 years ago
Other questions:
  • In the relationship depicted by the curve Productivity1, which of the following statements are true regarding the relationship b
    6·1 answer
  • Robert bought 10 shares of Apex Company for $18 each and later sold all of them at $17 each. This transaction resulted in what t
    14·2 answers
  • A pet shop owner had a parrot with a sign on its cage that said "Parrot repeats everything it hears". Davey bought the parrot an
    12·1 answer
  • Each sole proprietor that applies for initial registration in a State as either a broker-dealer or investment adviser must file:
    10·1 answer
  • Determining PB Ratio for Companies with Different Returns Assume that the present value of expected ROPI follows a perpetuity wi
    5·1 answer
  • Begin with a single sum of money at period 0. First, calculate a future value of that sum at 12.01%. Then discount that future v
    11·1 answer
  • Please give a complete answer to all questions, citing the legal principle to support your answer.
    10·1 answer
  • Brooke's Boutique sells clothing from around the world in the United States. Brooke regularly travels overseas to find the best
    11·1 answer
  • Your client and her husband agreed to split the following lifetime cash gifts: Total Gifts to Son Total Gifts to Daughter 2014 $
    7·1 answer
  • How many loads of laundry will each shift pay for if the cost per load rises to 16 quarters? express your answer numerically as
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!