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
olasank [31]
3 years ago
14

Your coin collection contains fifty-four 1941 silver dollars. Your grandparents purchased them for their face value when they we

re new. These coins have appreciated at a 10 percent annual rate. How much will your collection be worth when you retire in 2060?
A. $3,611,008
B. $4,421,008
C. $3,987,456
D. $4,122,394
E. $4,551,172
Business
1 answer:
s344n2d4d5 [400]3 years ago
6 0

Answer:

The correct answer is 3.

Explanation:

Giving the following information:

Your coin collection contains fifty-four 1941 silver dollars. These coins have appreciated at a 10 percent annual rate.

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

i= 0.10

PV= 54

n= 2060 - 1942= 119

FV= 54*1.10^119= 4,551,172.47

You might be interested in
In one of the case studies in the textbook, Marcus Lane, a geologist for an environmental management and engineering services fi
aalyn [17]

Answer: The internal auditor discovered it when performing a routine audit of expense reimbursements

Explanation:

Marcus Lane, was a geologist who travelled all over North America and South America and this results in several expense reimbursements. Lane engaged in fraudulent activity by double booking his air travel.

He used cheaper ticket for the actual flight and more expensive ticket was returned for credit. But, he submitted the expensive ticket for reimbursement.

The fraud was discovered by the internal auditor while doing a routine audit of expense reimbursements. He was terminated and he agreed to pay the money back.

5 0
3 years ago
Which one of the following forms is used in connection with registration of securities of a small reporting company with $25 mil
ki77a [65]

Answer: S-1

Explanation:

According to the the securities and exchange commissions, the S-1 is the registration under the SEC act of 1933. Whereby a company file form S-1 in anticipation of IPO (initial public offering).The company must be small reporting company with $25 million of annual revenues and of $25 million of voting securities held by non-affiliates.

4 0
3 years ago
3. Colloids are used in food preparations like in baking<br>pastries and cakes.yes or no​
Reil [10]
Yes they colloids are used in food perparations like pastries and cakes
8 0
2 years ago
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in uni
Reika [66]

Answer:

485,000 units

Explanation:

The computation of the number of units manufactured is shown below:

= Number of units sold + ending finished goods units - beginning finished goods units

= 515,000 units + 87,000 units - 57,000 units

= 485,000 units

Basically we added the ending finished goods units and deduct the beginning finished goods units to the number of units sold                      

7 0
3 years ago
Farad, Inc., specializes in selling used trucks. During the month, Farad sold 50 trucks at an average price of $9,000 each. The
beks73 [17]
$788 to me and my brother in law I come see him
4 0
3 years ago
Other questions:
  • Tidewater Fishing has a current beta of 1.16. The market risk premium is 6.8 percent and the risk-free rate of return is 2.9 per
    15·1 answer
  • A firm recently issued $1,000 par value, 20-year bonds with a coupon rate of 6% and semi-annual payments. The bonds sold at par
    7·1 answer
  • Carter Co. sells two products, Arks and Bins. Last year Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data
    9·1 answer
  • Please help. The process of developing a solution to a difficult situation is called creative thinking. brainstorming. decision
    13·2 answers
  • Question 4 (5 points)
    12·2 answers
  • 1. The textbook describes how Political, Economic, and Cultural factors can influence international logistics. In terms of compl
    5·1 answer
  • A leader who manages through activities, using his legitimate, reward and coercive powers to give commands and exchange rewards
    12·1 answer
  • On January 1, Year 1, Willette Company sold $240,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and Decem
    10·1 answer
  • Even if controls are in place, most companies require how man many signatures for checks over a certain dollar amount?
    13·2 answers
  • Write the importance of flower farming in Nepal in point​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!