Alex invested $10,500 in an account that pays 6 percent simple interest. how much money will he have at the end of four years?'

1 answer:

4 0

The amount generated from the investment with simple interest is calculated through the equation,

F = P x (1 + in)

where F is the future amount, P is the present worth, i is the decimal equivalent of the given interest and n is the number of interest period.

From this item it can be identified that,
P = $10,500
i = 0.06
n = 4

Substituting the known values,

F = ($10,500) x (1 + (0.06)(4))
<em> F = $13020</em>

Therefore, after four years, the amount of money that Alex will have is $13,020.

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6 0

2 years ago

In terms of the increasing complexity in media buying and selling, _____ often employ(s) communications vehicles outside traditi

Cerrena [4.2K]

Answer:

Value-added packaging

Explanation:

Value-added packaging is self-explanatory, you try to make a packaging that adds more value to the customer. Since every customer will see the package, you can reach them more than traditional media planning. The value itself can vary widely. By making an artistic design, the customer can better impression about the product. A premium looked packaging will show more prestige to the customer. Some creative packaging can efficiently save space while still protecting the product.

3 0

2 years ago

Incremental budgeting allocates increased or decreased funds to a department by using the last budget period as a reference poin

zloy xaker [14]

Answer:

True

Explanation:

The incremental budget technique is an important management accounting technique, which is prepared by making minimal changes in the previous budget. The budget is designed by allocating funds by using the preceding budget as a reference point. Incremental budget encourages spending up to the budget. It also helps to make sure that a reasonable budget is allocated for the next period.

6 0

3 years ago

Help I need help with writing a article about fashion & lifestyle blogger

N76 [4]

To help you i am going to need you to get more information. For example find a source of an article and find out their latest news. Fashion For example is easy just look at some of the newest trends an you can add in how famous people were these new types of fashion and styles. To write an article you need to get information! find websites and clothing lines of your choice. You can use anything you'd like. Just get the evidence to support it

5 0

3 years ago

banc corp. trust is considering either a bankwide overhead rate or department overhead rates to allocate $272,000 of indirect co

valkas [14]

$96,000 would be the indirect costs allocated to the commercial department.

These include expenses linked to many projects and expenses unrelated to the project's actual construction. Examples of typical indirect project costs include payroll taxes, employee benefits, workers' compensation insurance, general liability insurance, and equipment fuel and maintenance.

indirect expenses are accounting, auditing, and legal fees, as well as business permits, office expenses, rent, supervisor salaries, telephone expense, and utilities. Indirect expenses may or may not be allocated.

Following is how the price per unit is calculated: Divide $272,000 by 17,000 direct labor hours to get $16.

17,000 direct work hours were contributed by both consumers and enterprises in total (11,000 + 6,000).

Currently, the indirect cost per unit is $96,000, or about 16,600 hours of commercial direct labor.

The amount of direct labor hours required to create one unit of a product is known as the direct labor hours. By dividing the total number of finished items by the total amount of direct labor hours required to produce them, the figure is obtained.

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3 0

1 year ago