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gtnhenbr [62]
3 years ago
14

If an investment of $35,000 is earning an interest rate of 8.00%, compounded annually, then it will take for this investment to

reach a value of $44,089.92—assuming that no additional deposits or withdrawals are made during this time.
Business
1 answer:
Snowcat [4.5K]3 years ago
6 0

Answer:

Therefore the required time period is 3 years.

Explanation:

To calculate the number of period we are using the following formula of future value

Future value = C_0(1+r)^n

C_0 is cash flow at period 0= $ 35,00

r = rate of interest = 8.00% = 0.08

n= number of periods = ?

Future value = $44,089.92

Substituting the values in the formula

44,089.92= 35,000(1+0.08)^n

\Rightarrow (1+0.08)^n=\frac{44089.92}{35000}

\Rightarrow(1.08)^n = 1.259712

\Rightarrow (1.08)^n=(1.08)^3

\therefore n= 3

Therefore the required time period is 3 years.

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Define black hole.......​
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Answer:

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A black hole is a place in space where gravity pulls so much that even light can not get out.

8 0
3 years ago
The Whistling Straits Corporation needs to raise $72 million to finance its expansion into new markets. The company will sell ne
Alisiya [41]

Answer:

1,390,718 shares

Explanation:

Amount to be raise = $72 million

Underwriters charges = 5%

Filling Fee = $700,000

After deducting the underwriters charges the amount remains 95% of the total value. The company needs to raise exact $72 million after all charges deducted so, will take this amount as 95% of the total and gross up this value to 100%.

Total Amount to be raised = Amount including the underwrites charge + Filling charge = ( $72,000,000 / 100% - 5% ) + $700,000 = $76,489,474

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8 0
3 years ago
What happens when someone orders a second dessert when he or she is already full from the first dessert?
Setler79 [48]

Answer:

lower utility will be experienced on the second pizza

Explanation:

Utility is the satisfaction derived from the consumption of a product or a service. The ability of a product or service to satisfy a particular customer need or want determines its utility value.

The intensity of a need determines the level of utility required.  An intense need demands for a product with high utility value. Consumers are willing to spend huge amounts to satisfy such needs. Less intense needs result in reduced utility. Consuming a second pizza will not derive much satisfaction as compared to the first one. The customer's need is not as intense as prior to the first consumption.

7 0
3 years ago
When determining the cost of a manufactured good under an operation-costing system, a company would: often switch to a job-costi
Mama L [17]

Answer:

The correct answer is letter "D": trace direct-material cost to each product produced and use a predetermined application rate for conversion cost.

Explanation:

The Operation-costing system combines <em>Process Costing </em>with <em>Job costing</em>. Process costing is mostly used for mass-production undifferentiated goods so each product will be given the same cost. Job Costing, instead, is typically used for manufacturers of tailored products, thus, each product has different <em>material, direct labor, </em>and <em>overhead costs</em>.

So, <em>to determine the costs of manufactured goods under the operation-costing system, direct material should be allocated separately and the use of an application will be necessary to determine the conversion cost -the combination of direct labor and overhead.</em>

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2 years ago
Some jobs in the economy are no longer needed after an advancement in technology. A person who loses his or her job this way wou
g100num [7]

Answer and Explanation:

5. structurally unemployed.

8 0
3 years ago
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