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stepladder [879]
3 years ago
5

Sharon Lee wants to accumulate $10,000 by the end of 12 years. If the annual interest rate is 8.00 percent and interest compound

s semiannually, how much will she have to invest today to achieve her goal?
Business
1 answer:
nataly862011 [7]3 years ago
3 0

Answer:

Amount invested that is principal amount will be $3971.137

Explanation:

We have given that Sharon Lee wants to accumulate $10000 by the end of 12 years

Future value A = $10000 after 12 years

Rate of interest is given  r = 8%

Time period n = 12 year ( which is required to accumulate the future value $10000)

We have to fond the amount invested, that is principal amount

We know that future value is given by

A=P(1+\frac{r}{100})^n

10000=P(1+\frac{8}{100})^{12}

10000=P\times 1.08^{12}

10000=P\times 2.5181

P = $3971.137

So the amount invested that is principal amount will be $3971.137

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Answer:

concentration targeting strategy

Explanation:

Based on the information provided within the question it can be said that Tennot Inc. most likely uses a concentration targeting strategy. This is a type of strategy in which the company focuses a single specific market segment to put all their efforts into. Which in this scenario Tennot is focusing on the old car market segment and targeting low income customers with these cars.

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Robert bought 10 shares of Apex Company for $18 each and later sold all of them at $17 each. This transaction resulted in what t
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What is the major difference between the post-closing trial balance and the other two trial balances?
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Answer:

d.The post-closing trial balance is the only one to include only real accounts.

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