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marshall27 [118]
3 years ago
13

What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 8.6%, co

mpounded semiannually, so that the account will have a future value of $200,000 at the end of 10 years?
Business
1 answer:
Burka [1]3 years ago
3 0

Answer:

The answer is $86,167.57 (to 2 decimal places)

Explanation:

In this question, we are to calculate the present value of a certain amount that is compounded semiannually, and after 10 years, yields a future value of $200,000. To calculate this, we will use the formula for calculating present value as follows:

PV = FV ÷ (1+\frac{r}{n})^{n*t}

where:

PV = present value = ???

FV = future value = $200,000

r = interest rate in decimal = 8.6% = 0.086

n = compounding period pr year = semiannually = 2

t = time of compounding in years = 10

Therefore,

PV = 200,000 ÷ (1+\frac{0.086}{2})^{2*10}

PV = 200,000 ÷ (1.043)^{20} = $86,167.57

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4 0
2 years ago
Companies increasingly strive to achieve the ______ performance when formulating their corporate strategy.
user100 [1]

Answer:

triple bottom line

Explanation:

Companies increasingly strive to achieve the triple bottom line performance when formulating their corporate strategy. The triple bottom line (TBL) is a framework used in business that focuses on equally on social/environmental concerns as well as profits, thus creating three equal points of interest (bottom lines) which are profit, people, and the environment. This leads to a successful and balanced company.

8 0
3 years ago
The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:
Damm [24]

Answer:

Total administrative expense= $317,000

Explanation:

Giving the following information:

The budgeted unit sales:

1st Quarter= 15,000

2nd Quarter= 16,000

3rd Quarter= 14,000

4th Quarter= 13,000

-Variable selling and administrative expense per unit is $2.50.

-Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter

-Executive salaries of $35,000 per quarter

1st Q:

Variable= 2.5*15,000= $37,500

Fixed= 8,000 + 35,000= $43,000

2nd Q:

Variable= 2.5*16,000= $40,000

Fixed= 8,000 + 35,000= $43,000

3rd Q:

Variable= 2.5*14,000= $35,000

Fixed= 8,000 + 35,000= $43,000

4th Q:

Variable= 2.5*13,000= $32,500

Fixed= 8,000 + 35,000= $43,000

Total administrative expense= $317,000

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The gig economy is a market in which temporary jobs are offered for a specific period of time. This refers to working as a freelancer taking specific activities without a job contract or working exclusively for that organization. According to this, the answer is that the gig economy is a flexible market that allows you to work short-term.

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3 years ago
. One of the goals you have set for your company is "to expand our product line." This statement is A. a slow-growth option. B.
mr Goodwill [35]
The statement in above describes the choice letter B, which can be considered as the correct answer. It is considered to be not clear and not measurable because the statement does not provide the exact or clear information. It does not state in which or what way will the expanding of the product line be.
3 0
3 years ago
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