All categories

3 years ago

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 data given below are from the accounting records of the Kuhn Corporation:

charle [14.2K]

The net cash provided by operating activities using the indirect method would be: c. $50,000.

Net Cash From Operating Activities

Net income $45,000

Depreciation expense $9,000

Decrease in accounts payable ($2,500)

Decrease in inventory $3,000

Increase in accounts receivable ($4,500)

Net cash provided by operating activities $50,000

Inconclusion the net cash provided by operating activities using the indirect method would be: c. $50,000.

Learn more about operating activities here:brainly.com/question/25530656

3 0

2 years ago

Listed here are 20 control plans discussed in the chapter. On the blank line to the left of each control plan, insert a P (preve

sammy [17]

Answer:

Code Control Plan

____D_____1. Library controls

____P_____2. Program change controls

____D_____3. Fire and water alarms

____C_____4. Fire and water insurance

____C_____5. Install batteries to provide backup for temporary loss in power

____C_____6. Backup and recovery procedures

____P_____7. Service level agreements

____C_____8. IT steering committee

____P_____9. Security officer

____P_____10. Operations run manuals

____D_____11. Rotation of duties and forced vacations

____C_____12. Fidelity bonding

____P_____13. Personnel management (supervision)

____C_____14. Personnel termination procedures

____P_____15. Segregation of duties

____D_____16. Strategic IT plan

____C_____17. Disaster recovery planning

____P_____18. Restrict entry to the computer facility through the use of employee badges, guest sign- in, and locks on computer room doors

____P_____19. Access control software

____D_____20. Personnel development controls

Explanation:

P (preventive) controls protect against errors occurring.

D (detective) controls discover errors that have already occurred.

C (corrective) controls correct errors that have already occurred.

5 0

2 years ago

12. What is OSHA's purpose?

asambeis [7]

Answer:

ansure safe and healthful working conditions for workers by setting and enforcing standards and by providing training, outreach, education and assistance.

Explanation:

4 0

2 years ago

The notation is Y = GNP = national income C = consumption I = private investment G = government spending X = exports M = imports

IRINA_888 [86]

The true statement is D. When BCA is negative, it implies that government budget deficits and/or part of domestic investment are being financed with foreign-controlled capital.

The above statement is based on the intimate relationship between a country's Balance of the Current Account (BCA) and how the country finances its domestic investments and pays for government expenditure.

Explanation:

National income = Y = GNP

Consumption = C

Private Investment = I

Government spending = G

Exports = X

Imports = M

Taxes = T

Therefore, the BCA = X-M = (S-1) + (T – G)

Where BCA = Balance of Current Account

Thus, the Balance of the Current Account (BCA) should be positive to avoid deficit-financing of government budgets.

Learn more: brainly.com/question/8859561

3 0

2 years ago

A building that settles unevenly after an earthquake is evidence of _____.

Viefleur [7K]

The Answer Is In Fact "Liquefaction".

Hope I Helped :)

4 0

3 years ago

Read 2 more answers