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Mariulka [41]
3 years ago
9

Suppose ​$21 comma 00021,000 is invested at an annual rate of 77​% for 1313 yearsyears. Find the future value if interest is com

pounded as follows. a. Annually b. Quarterly c. Monthly d. Daily​ (365 days) e. Continuously
Business
1 answer:
antiseptic1488 [7]3 years ago
3 0

Answer:

Annually         50,606.75

Quarterly        51, 761.76

Daily               ​ 52,166.22

Continuously  52,170.77

Explanation:

We have to use the future value for different compounding:

<u>Annually:</u>

Principal \: (1+ r)^{time} = Amount

Principal 21,000.00

time 13.00

rate 0.07000

21000 \: (1+ 0.07)^{13} = Amount

Amount 50,606.75

<u>Quarterly:</u>

Principal \: (1+ r)^{time} = Amount

time 52.00 (13 years x 4 quarter per year)

rate 0.01750 ( 7% over 4 quarters)

21000 \: (1+ 0.0175)^{52} = Amount

Amount 51,761.76

<u>Daily (365 days):</u>

Principal \: (1+ r)^{time} = Amount

time 4,745 (13 years x 365 days per year

rate 0.00019  (0.07 / 365)

21000 \: (1+ 0.000191780821917808)^{4745} = Amount

Amount 52,166.22

<u>Continuously:</u>

Principal \: e^{rate \times time} = Amount

21000 \: e^{0.07 \times 13} = Amount

Amount 52,170.7732

<u></u>

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The discount rate is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility--the discount window.
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3 years ago
Identify which items belong on the income statement. multiple choice Accounts receivable, net income, and dividends Revenue, exp
sesenic [268]

Items that belong in the income statement include:

  • Revenue, expenses and net income

<h3>The Income Statement </h3>
  • Is used to calculate the total income earned by a company in a given period.
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The net income will then be calculated by deducting the expenses from the revenue.

In conclusion, the income statement shows revenue, expenses, and income.

Find out more about the income statement at brainly.com/question/14818051.

7 0
3 years ago
The ________ approach to performance measurement was introduced as a way to evaluate organizational performance from more than j
Maksim231197 [3]

Answer:

c) balanced scorecard

Explanation:

The options for the question we are;

A) market value

B) economic value

C) balanced scorecard

D) financial control

c) balanced scorecard

A balanced scorecard can be regarded as a strategic management performance that is engaged in the improvements as well as identification of internal business functions as well as external outcomes that result from there. It is a tool that helps in returning feedback to an organization. It should be noted that balanced scorecard approach to performance measurement was introduced as a way to evaluate organizational performance from more than just the financial perspective.

6 0
3 years ago
Looking to increase the profits of his lemonade stand, Johann doubled the price of a cup of lemonade from 25 cents to 50 cents.
hjlf

Answer:

<u>1. Johann is looking to double the profits of his lemonade stand</u>

Explanation:

Note that Johann was<em> still making m</em>oney from lemonade stand but was not content with the profits he was making that was his argument or reason for increasing the price of a cup of lemonade from 25 cents to 50 cents.

<em>Without having forsight</em> Johann's decision eventually resulted in him selling fewer cups at the new price and therefore making less money than before.

7 0
3 years ago
Now suppose instead that withdraws $400 from her checking account and uses $280 of this money to pay her federal income tax. Aft
weeeeeb [17]

Answer:

$300 has been reduced from the money supply.

Explanation:

The taxes act as leakage from the circular flow of money. Unless they are spent and injected back as government spending they would be treated as a leakage that has left the circular flow.

Similar effect happens with the savings amount. A saving is a leakage and thus the remaining amount which is $20 after paying for golf clubs and taxes can also be said to have left the circular flow of income and so reducing money supply.

$100 of the original $400 is still left in the flow and money supply as it is still in the checking account after the transaction.

Hope that helps.

3 0
3 years ago
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