1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solmaris [256]
3 years ago
7

What is the future value of $15,000 received today if it is invested at 7.5% compounded annually for five years

Business
1 answer:
Firlakuza [10]3 years ago
6 0

Answer:

the future value is $21,534.44

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

where,  

Present value is $15,000

The Interest rate is 7.5%

And, the number of the year is 5 years

Now put these values to the above formula

So, the future value is  

= $15,000 × (1 + 0.075)^5

= $21,534.44

Hence, the future value is $21,534.44

You might be interested in
The substitution effect is the portion of a change in quantity demanded that is due to a change in the relative price of the goo
Serga [27]

Answer:

True

Explanation:

The <em>Substitution Effect</em> is the effect on the demand of a certain product because of variations of the prices of the product or the income of households. The concept illustrates how quantities demanded of a product decrease as the population find other products to substitute it.

6 0
3 years ago
Read 2 more answers
The price a property will bring when neither the buyer nor the seller is acting under duress and it has been on the market for a
PilotLPTM [1.2K]

Answer:

The answer is arms- length transaction

Explanation:

The price a property will bring when neither the buyer nor the seller is acting under duress and it has been on the market for a reasonable length of time is defined as arms- length transaction

7 0
3 years ago
The common stock of Zeta Group sells for $42 per share, has a rate of return of 12.2 percent, and a dividend growth rate of 1.8
Soloha48 [4]

Answer:

The amount of the last annual dividend paid is <u>$4.3</u>.

Explanation:

Given:

The common stock of Zeta Group sells for $42 per share, has a rate of return of 12.2 percent, and a dividend growth rate of 1.8 percent annually.

Now, to find the amount of last annual dividend paid.

Let the amount of last annual dividend paid be l.

Price of per share (p) = \$42.

Rate of return (r) = 12.2\%.

Rate of dividend growth (g) = 1.8\%.

Now, to get the amount of last dividend paid we put formula:

p=\frac{l(1+g)}{r-g}

42=\frac{l(1+1.8\%)}{12.2\%-1.8\%}

42=\frac{l(1+0.018)}{0.122-0.018}

42=\frac{l\times 1.018}{0.104}

<em>Multiplying both sides by 0.104 we get:</em>

<em />4.368=1.018l<em />

<em>Dividing both sides by 1.018 we get:</em>

4.3=l

l=\$4.3.

Therefore, the amount of the last annual dividend paid is $4.3.

6 0
3 years ago
Brooke's Boutique plans to launch a new clothing line. For this purpose, the firm first conducts a survey to understand its targ
Gekata [30.6K]

Answer:

Descriptive followed by causal is the correct answer.

Explanation:

8 0
3 years ago
Mitch, a single tax-payer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bon
goldfiish [28.3K]

Answer:

E) None of the choices are correct.

<em>18.289,26‬</em>

<em>As we given an option with two decimals which are different from the calculated amount we should take it as incorrect. </em>

<em></em>

Explanation:

The municipal bonds are tax free. Therfore, not included.

We will calcuatae based on 2019 income tax brackets for single-taxers

between $82,501 to $157,500 the amount is $14,089.50 + 24% of the amount over 78,950

100,000 - 82,501 = 17,499

17,499 x 24% = 4,199.76

14,089.50 + 4,199.76 =<em> 18.289,26‬</em>

3 0
3 years ago
Other questions:
  • Understanding a target customer base allows a company to
    11·1 answer
  • Research indicates that __________ communication is more accurate and effective than _______ communication.
    13·1 answer
  • Explanation of competition and a real life example​
    5·1 answer
  • A company found that an experienced surveyor can survey a roadbed in 33 hours. an apprentice surveyor needs 88 hours to survey t
    13·1 answer
  • Suppose an increasing number of school districts across the country find themselves with too few teachers at a time of rising en
    13·2 answers
  • Lake City Plastics currently produces plastic plates and silverware. The company is considering expanding its product offerings
    15·1 answer
  • Xavier and Yolanda have original investments of $45,200 and $109,400, respectively, in a partnership. The articles of partnershi
    9·1 answer
  • The cost accountant for Angie’s Apparel has compiled the following information for last month's operations. Administrative costs
    5·1 answer
  • A company with a functional organization structure has more difficulty doing which of the following? Focusing on the goods, mana
    15·1 answer
  • Lighting equipment listed for horticultural use and connected with flexible cord shall have outlets that are _______.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!