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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.

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By influencing incentives, taxes can affect both supply and demand factors. Reducing marginal tax rates on wages and salaries, for example, can induce people to work more. Expanding the earned income tax credit can bring more low-skilled workers into the labor force.

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The following transactions were completed by the company. The company completed consulting work for a client and immediately col
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Answer:

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A corporation has a $500,000 beginning balance in retained earnings. its net income for the year was $200,000. sales revenue amo
natta225 [31]
Given:
<span>$500,000 beg. balance in retained earnings.
</span>$200,000 <span>net income for the year
</span>$1,000,000 <span>sales revenue
</span>$100,000 <span>dividends declared and paid by year-end

Retained earning is the amount left from net income after dividends have been paid. In the given data, sales revenue is not included in the Retained earnings report. It is reflected in the Income statement which generates the Net income. 

Retained Earnings, beg. balance            500,000
Add: Net Income for the year               <u>   200,000</u>
Total                                                                           700,000
Less: Dividends declared and paid this year          <u>   (100,000)</u>
Retained Earnings, end balance                             600,000

</span>
6 0
3 years ago
If a car goes 70 miles per hour, how many hours does it take to travel 70 miles
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5 0
3 years ago
Read 2 more answers
Capital goods
Anika [276]
Capital goods are those good used to make consumer goods and services.
Thus answer is D

Capital goods is also known as intermediate goods, durable goods or economic capital.
6 0
3 years ago
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