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Mariana [72]
3 years ago
15

How much must be deposited at the beginning of each year to accumulate to $25,000 in two years if interest is at 9%?

Business
1 answer:
Alika [10]3 years ago
7 0

Answer:

$10,974.05

Explanation:

Given that,

Amount to accumulated = $25,000 in two years

Interest rate = 9%

Let the amount be X,

Total amount after two years:

= Year 1 + Year 2

= X(1.09)^2 + X(1.09)

= 1.1881 X + 1.09X

= 2.2781 X

SO,  Total amount after two years:

2.2781 X = 25,000

X = 25,000 ÷ 2.2781

  = $10,974.05

Hence, the amount deposited at the beginning of each year is $10,974.

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Answer:

$1120.96

Explanation:

19.84 x 40 = 793.60

19.84 x 1.5 = 29.76 x 11 = 327.36

793.60 + 327.36 = 1120.96

3 0
3 years ago
Believing that wealthy people deserve to be robbed because of their ill-gotten gains best illustrates a potential consequence of
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3 years ago
Bond J has a coupon rate of 3 percent and Bond K has a coupon rate of 9 percent. Both bonds have 13 years to maturity, make semi
noname [10]

Solution :

Given :

Coupon rate for Bond J = 3%

Coupon rate for Bond K = 9%

YTM = 6 %

Therefore,

The current price for Bond J = $ 718.54       =PV(6%/2,13x2,30/2,1000)x -1

The current price for Bond K = $ 1281.46       =PV(6%/2,13x2,90/2,1000)x -1

If the interest rate by 2%,

Bond J =  $ 583.42     =  -18.80% (change in bond price)

Bond K  = $ 1083.32   = -15.46% (change in bond price)

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3 years ago
Unity of command violations are most often associated with: Group of answer choices The Formal Organization The Functional Organ
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Unity of command violations is most often associated with The Matrix Organization.

<h3>The Matrix Organization</h3>
  • Teams that report to numerous leaders are called matrix organizations. The matrix design maintains free communication between teams and can assist businesses in developing more inventive goods and services.
  • By using this framework, teams won't have to reorganize themselves each time a new project starts.
  • An organizational structure known as a matrix is one in which the reporting connections are organized as a grid, or matrix, as opposed to the more conventional hierarchy.
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  • In The Matrix Organization is frequently linked to violations of unity of command.
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Hence, Unity of command violations is most often associated with The Matrix Organization.

To learn more about Organisations refer to:

brainly.com/question/15202866

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2 years ago
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Trava [24]

A conventional peg refers to when a country formally pegs its currency at a fixed rate to another currency or basket of currencies where the basket reflects the geographic distribution of trade, services, or capital flows.

for better understanding lets explain what conventional peg means

  • conventional peg as related to when country formally (de jure) pinpoint their own currency at a fixed rate to the currency of another said country example is, from the currencies of major trading or financial partners and weights showing on the distribution of trade in different geographical zones
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From the above, we can therefore say that the answer A conventional peg refers to when a country formally pegs its currency at a fixed rate to another currency or basket of currencies where the basket reflects the geographic distribution of trade, services, or capital flows is correct.

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3 0
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