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
mr Goodwill [35]
4 years ago
11

Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee de

posits an additional $40,000 at 9% interest compounded semiannually. At the end of 6 years, what is the balance in Lee’s account?
Business
1 answer:
zhuklara [117]4 years ago
6 0

Answer:

Total sum at te end of 6 years=$ 73,138.97

Explanation:

<em>The total sum in Lee's account at the end of year would be determined as follows:</em>

FV= A × (1+r)^n

FV- Future sum?,

A- deposit amount ,

r- interest rate - 9%/2 = 4.5% per 6 months

n- number of years is 6

First deposit for  6 years

FV =  15,000× 1.045^(2×6)

 =  $25,438.22

Last 40,000 for 2 years

FV = 40,000 1.045^(2×2)

   =47,700.74403

Total sum at the end of 6 years

= $25,438.22 + $47,700.74

=$ 73,138.97

You might be interested in
Pablo was reviewing the water bill for his carwash business and determined that the highest​ bill, $5,400, occurred in July when
otez555 [7]

Answer:

Variable cost per unit= $1.92 per car wash

Explanation:

Giving the following information:

$5,400, occurred in July when​ 2,700 cars were washed and the lowest​ bill, $3,100, occurred in February when​ 1,500 cars were washed.

To determine the variable cost, we need to use the high-low method:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,400 - 3,100) / (2,700 - 1,500)= $1.92 per car wash

8 0
3 years ago
You need a 30-year, fixed-rate mortgage to buy a new home for $280,000. Your mortgage bank will lend you the money at an APR of
SashulF [63]

Answer: $‭415,688‬

Explanation:

First find the future value of paying $1,200 every month for 360 months.

This is the future value of an annuity:

= Payment * ([1 + interest) ^ no. of periods - 1) / interest

Use periodic interest = 5.75%/ 12

30 years * 12 = 360

= 1,200 * ( ( 1 + 5.75%/12)³⁶⁰ - 1) / 5.75% / 12

= $1,149,357.14

Future value of the loan amount is:

= 280,000 * (1 + 5.75% / 12) ³⁶⁰

= $1,565,045.14

Ballon Payment = 1,565,045.14 - 1,149,357.14

= $‭415,688‬

7 0
3 years ago
Which type of organization uses the form 1065 and schedule k-1?
nekit [7.7K]
<span>Organizations known as Partnerships use the Form 1065 and Schedule K-1. A Partnership is an agreement between two partners to agree to work together to benefit each others interest. These organizations of Partnerships may be between individuals, governments, schools, etc.</span>
6 0
3 years ago
if you have raw or undercooked items on the menu, how can you advise customers of the risk of eating them? by having service sta
Pepsi [2]

Answer:

B)By posting a sign in the establishment

<h3>What food may increase your risk of foodborne illness if not cooked?</h3>
  • “Consuming raw or undercooked meats, poultry, seafood, shellfish, or eggs may increase your risk of foodborne illness.”
  • “Consuming raw or undercooked meats, poultry, seafood, shellfish, or eggs may increase your risk of foodborne illness, especially if you have certain medical conditions.”

To  learn more about it, refer

to brainly.com/question/26106218

#SPJ4

8 0
1 year ago
Continuous improvement is typically associated with ____.
marusya05 [52]
<span>a reduction in variation and higher customer satisfaction should be it</span>
3 0
3 years ago
Other questions:
  • Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh
    12·1 answer
  • Capital rationing uses the following measures to determine the funding of projects except a.verifying the best financing option
    14·1 answer
  • An interval scale exhibits the property of order. Absolute magnitudes cannot be compared using an interval scale because the zer
    10·1 answer
  • Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 13.00% for 2 years, af
    7·1 answer
  • The cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the comin
    12·1 answer
  • Regis Company manufactures plugs at a cost of $36 per unit, which includes $8 of fixed overhead. Regis needs 30,000 of these plu
    15·1 answer
  • Temporary earnings are best characterized as:(A) earnings from nonoperating activities.(B) earnings that arise from events that
    11·1 answer
  • Chaz Denver Company has identified that the cost of a new computer will be $40,000, but with the use of the new computer, net in
    12·1 answer
  • _____ attempts to provide management with accurate forecasts of trends that relate to external changes in geographic areas where
    5·1 answer
  • List the name of the inventory method that best fits the description. Assume that the cost of inventory is rising.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!