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s344n2d4d5 [400]
3 years ago
15

Assume Coronado Industries deposits $98000 with First National Bank in an account earning interest at 8% per annum, compounded s

emi-annually. How much will Coronado have in the account after 6 years if interest is reinvested?
Business
1 answer:
kiruha [24]3 years ago
6 0

Answer:

Future Value= $156,901.16

Explanation:

Giving the following information:

Assume Coronado Industries deposits $98000 with First National Bank in an account earning interest at 8% per annum, compounded semi-annually.

To calculate the future value of this investment, we need to use the following formula:

FV=PV*(1+i)^n

PV= 98,000

i= 0.08/2= 0.04

n= 6*2= 12

FV= 98,000*(1.04^12)= $156,901.16

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Answer:

Raise the marketing spend to raise visibility.

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Ari is a generous employer who truly values his workers. He is constantly praising the work his employees do and finds many ways
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Ari does not like conflict and will often let his employees get away with inappropriate behavior on the job. Ari would most likely be considered a <u>country club manager.</u>

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Country club managers are attentive to the:

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​Wellness, a healthy living​ magazine, collected in subscription revenue on May 31. Each subscriber will receive an issue of the
PIT_PIT [208]

Answer: $220,000

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