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bagirrra123 [75]
3 years ago
10

Effie plans to save $100 every six months for the next 5 years. If her account earns 14 percent, compounded semi-annually, how m

uch will be in her account in 5 years?

Business
1 answer:
lina2011 [118]3 years ago
6 0

Answer:

$1,381.64

Explanation:

For this question, we determine the Future value. By applying the future value formula that is shown on the spreadsheet. Kindly find it below:

Data provided

Future value = $0

Rate of interest = 14%  ÷ 2 = 7%

NPER = 5 years ××2 = 10 years

PMT = $100

The formula is shown below:

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

So, after solving this, the future value is $1,381.64

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A. A greater percentage of Canadian agricultural acreage was unplanted than of Brazilian agriculture acreage.

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The planted acre yield Brazil is 68% than of Canada. The agricultural acre yield in Brazil is 115% of Canada. The difference between agricultural yield and planted acre yield is that agricultural yield is all the available land which can be used to grow crops whereas planted yield is the actual acre land which is planted with crops. The planted acre is less than agricultural acre which results in more are being unplanted in Canada than of Brazilian agricultural acreage.

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Income(Loss) $960,600;($397,400)

Explanation:

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Budgeted Income Statement

May June

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Staff $3,171,900 $2,250,400

Total revenue (i)$4,403,800 $3,045,800

Expenses:

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