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ludmilkaskok [199]
3 years ago
15

n an attempt to have funds for a down payment in five years, James Dupont plans to save $3,800 a year for the next five years. W

ith an interest rate of 4 percent, what amount will James have available for a down payment after the five years? Use Exhibit 1-B. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.)

Business
1 answer:
Galina-37 [17]3 years ago
6 0

Answer:

$20,582.03

Explanation:

For this question, we have to determine the future value that is shown on the attachment. Kindly find it below:

Data provided in the question

NPER = 5 years

PMT = $3,800

Rate of interest = 4%

PV = $0

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the future value is $20,582.03

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Beyond-the-Sea Corporation and Homeport Company make a deal for Homeport's products, via e-records. Under the UETA, an e-record
Gelneren [198K]

Answer: d. leaves the sender's control.

Explanation:

Under the Uniform Electronic Transaction Act(UETA), there are three conditions that must be met for an e-record to be considered sent and the relevant one here is that the e-record leaves the control of the sender.

It does this by entering into an information processing system that the sender does not control of.

The other requirements demand that the e-record be properly addressed to a system specified by the recipient and this system must be able to process said e-record.

4 0
3 years ago
The following are methods of exchange EXCEPT
Dima020 [189]

Answer:

a bitcoin economy is the answer

6 0
2 years ago
For question 2b, can anyone explain to me whether this statement is correct or. not ​
lawyer [7]
Its correct because tge more cheeper it is the more will eat and she will make goid money and the higher price will take her shop in loss
4 0
3 years ago
A company is to hire two new employees. They have prepared a final list of thirteen candidates, all of whom are equally qualifie
mojhsa [17]

Answer: 0.1282

Explanation:

Total number of possible outcome( total candidates) = 13

Total number of men = 13 - 8 = 5

Total number of women = 8

Number of candidates to be selected = 2

Find the probability that both are men :

Probability of 1st candidate being a male = required outcome ÷ total possible outcome = 5/13

Probability of second candidate being a male, means we now have 4 men left and a total of 12 = 4/12

Therefore, P = (5/13) × (4/12)

P = (5/13) ×(1/3) = 5/39 = 0.1282

5 0
3 years ago
Lisa has $1,000 in cash today. Which one of the following investment options is most apt to double her money? A. 6 percent inter
Zepler [3.9K]

Answer:

D. 8 percent interest for 9 years

Explanation:

We would use the formula future value formula below to determine which of the investment options would double her money:

FV=PV*(1+r)^n

PV is the amount invested which is $1000

r is the interest rate expected to be earned while n is the number of years First option:

FV=$1000*(1+6%)^3

FV=$1,191.02  

Second option:

FV=$1000*(1+12%)^5

FV=$1,762.34  

Third option:

FV=$1000*(1+7%)^9

FV=$ 1,838.46  

Fourth option:

FV=$1000*(1+8%)^9

FV=$2000

Last option:

FV=$1000*(1+6%)^10

FV=$ 1,790.85  

8 0
3 years ago
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