Answer:
$3,992.87
Explanation:
To determine the amount that would be deposited every year, the formula to be used is : future value/ annuity factor
Annuity factor = {[(1+r) ^N ] - 1} / r
FV = Future value = $82,000
P = Present value
R = interest rate = 7.3%
N = number of years = 13
= (1.073)^13 - 1 / 0.073 = 20.536622
$82,000 / 20.536622 = $3,992.87
I hope my answer helps you
Answer:
the future value is $328,983.26
Explanation:
The computation of the amount that would be retired in 45 years is shown below:
As we know that
Future value = Present value × (1 + interest rate)^time period
= $5,000 × (1 + 9.75%)^45
= $328,983.26
Hence, the future value is $328,983.26
Answer:
The amount you will have in eight years is $29,679.56
Explanation:
In order to calculate the amount you will have in eight years we would have to use the following formula:
amount you will have in eight years=PV*(1+r)∧n
According to the given data:
PV=$20,000
r=6.8%
n=6
Therefore, amount you will have in eight years=$20,000*(1+6.8%)∧6
amount you will have in eight years=$29,679.56
<span>A product in the _____ stage is experiencing periods of rising sales and profits.
The answer is growth,
When the company is still in the growth stage, it is normal to experience the period of rising in sales and gaining profits.</span>