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Anestetic [448]
3 years ago
13

You deposit $500 in an account earning 5% interest compounded annually. How much will you have in the account in 10 years?

Business
1 answer:
Mademuasel [1]3 years ago
4 0

Answer:

Future Value= $814.45

Explanation:

Giving the following information:

Initial investment= $500

Interest rate= 5% interest compounded annually.

Number of years= 10

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

FV= PV*(1+i)^n

FV= 500*(1.05^10)

Future Value= $814.45

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?an officer conducting a lineup should allow the defense attorney at the lineup to do all but which of the following?
myrzilka [38]
A<span>n officer conducting a lineup should allow the defense attorney at the lineup to do all but B. control any part of the proceedings.
This is what the officer himself or herself is doing - the defense attorney is not allowed to do such a thing. However, they can passively or actively observe the proceedings, take notes, or just record the proceedings in order to revise them later on.
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3 0
3 years ago
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
Neko [114]
The current or checking account typically has very high liquidity, low or no interest, and low minimum balance. The current or checking account usually used for the daily transaction and they have a similar trait like the e-cash<span>. The current or checking account is one of three types of the bank deposit account.</span>
8 0
3 years ago
Your insurance agent is trying to sell you an annuity that costs $70,000 today. By buying this annuity, your agent promises that
Tatiana [17]

Answer:

APR = 0.356%

Explanation:

PV = Present Value of the annuity = $70,000

PMT = Annuity payment at the end of each period = $380 per month

N = Number of periods = 25 years x 12 months = 300 Months

FV = Future Value of the annuity =  0

I =  APR or the interest rate = ?? We have to calculate this.

We shall use a financial calculator to compute the value of I.

https://www.calculator.net/finance-calculator.html?ctype=returnrate&ctargetamountv=0&cyearsv=300&cstartingprinciplev=-70000&cinterestratev=6&ccontributeamountv=380&ciadditionat1=end&printit=0&x=93&y=13

APR = 0.356%

5 0
3 years ago
Support Department Cost Allocation—Direct Method Charlie’s Wood Works produces wood products (e.g., cabinets, tables, picture fr
Anvisha [2.4K]

Answer:

Charlie's Wood Works

a. The percentage of Janitorial costs that should be allocated to the Assembly Department is:

= 58%

The percentage of Security costs that should be allocated to the Cutting Department is:

= 70%

Explanation:

a) Data and Calculations:

Departments       Cutting      Assembly    Total

Square feet          33,600       46,400        80,000

Percentage based on

square feet            42%          58%              100%

Assets              $140,000    $60,000    $200,000

Percentage based on

 assets                   70%          30%              100%

Bases for the allocation of service departments costs:

Janitorial department  = Square feet

Security department = asset value

8 0
3 years ago
The price of a European call that expires in six months and has a strike price of $30 is $2. The underlying stock price is $29,
erica [24]

Answer:

The price of put option is $2.51

Explanation:

The relation between the European Put option and Call option is called the Put-Call parity. Put-Call parity will be employed to solve the question

According to Put-Call parity, P = c - Sо + Ke^(-n) + D. Where P=Put Option price, C=Value of one European call option share. Sо = Underlying stock price,  D=Dividend, r=risk free rate, t = maturity period

Value of one European call option share = $2

Underlying stock price = $29

Dividend = $0.50

Risk free rate = 10%

Maturity period = 6 month & 2 month, 5 month when expecting dividend

P = c - Sо + Ke^(-n) + D

P = $2 - $29 + [$30 * e^[-0.10*(6/12)] + [$0.50*e^(-0.10*(2/12) + $0.50*e^(-0.10*(5/12)]

P = $2 - $29+($30*0.951229) + ($0.50*0.983471 + $0.50*0.959189)

P = -$27 + $28.5369 + $0.4917 + $0.4796

P = $2.5082

P = $2.51

Therefore, the price of put option is $2.51

8 0
3 years ago
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