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
riadik2000 [5.3K]
3 years ago
15

Theo is depositing $1,300 today in an account with an expected rate of return of 8.1 percent. If he deposits an additional $3,20

0 two years from today, and $4,000 three years from today, what will his account balance be ten years from today
Business
1 answer:
SOVA2 [1]3 years ago
3 0

Answer:

$15,699.54

Explanation:

The computation of the account balance after 10 years from today is shown below:

= Future value of amount deposited today × (1 + interest rate)^number of years +   Future value of amount deposited two years × (1 + interest rate)^number of years + Future value of amount deposited three years × (1 + interest rate)^number of years

= $1,300 × (1 + 8.1%)^10 + $3,200 × (1 + 8.1%)^8 + $4,000 × (1 + 8.1%)^7

= $2,832.70 + $5,966.99 + $6,899.85

= $15,699.54

You might be interested in
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%
Sindrei [870]

Answer:

She lost $754.05.

Explanation:

Giving the following information:

Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.

<u>The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.</u>

<u></u>

Increase in salary= 52,000*1.025= $53,300

Inflation effect= 52,000/(1-0.038)= $54,054.05

To maintain her purchasing power, now, she needs to earn $54,054.05.

She lost $754.05.

6 0
3 years ago
Which of the following actions will help to ensure that formal business documents are trust worthy
sladkih [1.3K]
<h3><u>Full Question:</u></h3>

Which of the following actions will help to ensure that formal business documents are trustworthy?

A: Using a wide variety of charts and tables

B: Putting the decision-related information first

C: Getting information from reliable sources

D: Requiring a password to open the document

Getting information from reliable sources  will help to ensure that formal business documents are trust worthy.

<h3><u>Explanation:</u></h3>

Business documents refers to the record, books, files, plants, correspondence, reports, documentation,etc and details associated with the financing activities of the business. They can be in the form of paper works, electronic format, etc. It is very essential for any business to contain these information that can be handed over to the stakeholders, public,etc  when any issues occurs financially or legally.

There are many things that are to be followed while  preparing these documents. The information that are included in this document must be collected from reliable sources. This is because it should not be proven to be false during any legal or financial issues.

6 0
2 years ago
How long does a trademark last? _____ five years fifteen years twenty years ten years
valina [46]

Answer:

10 years.

Explanation:

3 0
3 years ago
A cafeteria buys muffins daily. Demand varies Uniformly between 30 and 50 muffins per day. The cafeteria pays $.20 per muffin an
kakasveta [241]

Answer:

The optimal stocking level is 45 muffins.

Explanation:

First we have to calculate the Overage cost Co = Purchase price - Salvage value = $0.2 - 0 = $0.2

Then the Underage cost Cu = Selling price - Purchase price =$0.80 - $0.2 = $0.60

Service level = Cu / (Cu + Co) = $0.60/($0.60+$0.2) = $0.75

Hence, optimal stocking level = Minimum demand + Service level *(Maximum demand - Minimum demand)

optimal stocking level = 30 + 0.75*(50-30) = 45

The optimal stocking level is 45 muffins.

Optimal stocking level = 68.75 Muffins

5 0
2 years ago
Jane decided to incorporate her business under the name of Star, Inc. Before Star was incorporated, Jane signed a contract with
BARSIC [14]

Answer:

D. Star will be liable on the contract only if it adopts the contract.

Explanation:

7 0
2 years ago
Other questions:
  • The unauthorized manufacture of any controlled substance, its distribution by sale or possession of such substance with intent t
    10·1 answer
  • The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four-month perio
    9·1 answer
  • Which of these employee's primary duty is to see that the shop is run efficiently and that customers are satisfied with the serv
    13·2 answers
  • You have just been promoted at work and you are now responsible for all marketing communication through the different Internet c
    10·2 answers
  • A leftward shift of the supply curve for oil in the united states is most likely to result from:
    14·1 answer
  • On April 12, Hong Company agrees to accept a 60-day, 10%, $6,100 note from Indigo Company to extend the due date on an overdue a
    9·1 answer
  • Merle Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month,
    5·1 answer
  • Loren Company recently purchased materials from a new supplier at a very attractive price. The materials were found to be of poo
    6·1 answer
  • Empower Inc., is a software development firm that firmly believes in common unspoken assumptions along the lines of conventional
    14·1 answer
  • Can someone help me with this?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!