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
brilliants [131]
3 years ago
14

One year ago, the Jenkins Family Fun Center deposited $4,500 into an investment account for the purpose of buying new equipment

four years from today. Today, they are adding another $6,300 to this account. They plan on making a final deposit of $8,500 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a rate of return of 8 percent rate of return?
Business
1 answer:
Iteru [2.4K]3 years ago
5 0

Answer:

Total= $25,891

Explanation:

Giving the following information:

One year ago, the Jenkins Family Fun Center deposited $4,500 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $6,300 to this account. They plan on making a final deposit of $8,500 to the account next year.

We need to use the following formula:

FV= PV/(1+i)^n

FV= 4,500*(1.08)^5=6,612

FV= 6,300*(1.08)^4= 8,571

FV= 8,500*(1.08)^3= 10,708

Total= $25,891

You might be interested in
The definition of states: The process of solving the everyday problems that occur. It is less formal than decision making and us
VikaD [51]

Answer:

What is the question?

Explanation:

7 0
2 years ago
What is the function of the OSHRC? A. to enlist people under protected classes B. to research different discriminatory factors C
elixir [45]

Answer: The cases in which the Review Commission renders decisions arise from inspections conducted by a Federal agency separate from the Review Commission, the Occupational Safety and Health Administration (OSHA), which is a part of the Department of Labor. OSHRC, or the Review Commission, and OSHA were created by the Occupational Safety and Health Act of 1970, but the Act mandated that the Review Commission be an independent agency (i.e., not part of another Federal department) to ensure that parties to agency cases receive impartial hearings.

Explanation:

3 0
3 years ago
The Blackburn Group has recently issued 20minus​year, unsecured bonds rated BB by​ Moody's. These bonds yield 443 basis points a
MArishka [77]

Answer:

Explanation:

First, convert the basis points to a percentage or decimal;

1 basis point = 0.01% or 0.0001 as a decimal

Then 443 basis points as a decimal will be;

443 *0.0001 = 0.0443 or 4.43% as a percentage

Next, since the BB bond is 4.43% above the U.S. Treasury yield of 2.76%, find the Yield to maturity(YTM) by adding the 4.43% to the 2.76%;

YTM = 2.76% + 4.43%

YTM = 7.19%

4 0
3 years ago
Sarah recently bought a bicycle. After a few days of cycling, she realized that she needed a basket on the bicycle to keep her b
Sloan [31]

Answer:

Functional need

Explanation:

Functional need -

It refers to the needs of the human being , which are important for the survival , is referred to as functional need .

These are basic requirements which are important for the day to day activities  of the people .

Hence , from the scenario of the question,

Sarah bought a cycle , but as soon as she realized that basket is important for keeping her bag and other item .

Hence, the need of basket is the functional need .

3 0
3 years ago
Sheridan company offers its customers a pottery cereal bowl if they send in 3 boxtops from Sheridan Frosted Flakes boxes and $1.
Evgesh-ka [11]

Answer:

$117,600

Explanation:

Boxes of Frosted Flakes ×Estimate of Box Tops to be redeemed

1,344,000×60%= 806,000

806,000- 630,000 (Box Tops redeemed) =176,400

Estimate of Box Tops left to be received /Number of Box Tops Needed per bowl

176,400/3= 58,800 Total bowls estimated to be sent to customers in future

58,800 x 2.00 (The Cost of bowls to company was $3 while the cash to be received from customer was $1)

= $117,600 Which will be the total premium liability to be recorded.

6 0
3 years ago
Read 2 more answers
Other questions:
  • In a longitudinal study of individuals who reached age 55 with an optimal cardiometabolic risk profile, men had a risk of heart
    14·2 answers
  • The operations manager suggests a hike in the prices to improve productivity. However, the marketing manager rules this option o
    11·1 answer
  • Aubrey uses her credit card to buy some clothes for $552.86. She can pay up to $195 on the credit card each month. What is the t
    5·1 answer
  • The money multiplier equalsa.1/(1 R), where R represents the quantity of reserves in the economy. b.1/(1 R), where R represents
    15·1 answer
  • Kaspar Industries expects credit sales for January, February, and March to be $202,100, $264,200, and $319,300, respectively. It
    14·1 answer
  • What is the APR on a loan with an effective annual rate of 15.26% and weekly compounding of interest?
    9·1 answer
  • Prepare adjusting entries for the following transactions.
    6·1 answer
  • Explain how other income streams such as photography and merchandise will be useful for the business. (8)
    9·1 answer
  • Taking over a family business can help to maintain the goodwill of the customers. Please select the best answer from the choices
    11·1 answer
  • In bobek's study of the effect of gender on decision-making of public accounting professionals, it was found that:____.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!