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
murzikaleks [220]
3 years ago
15

James would like to deposit enough money in a savings account to have $8,000 at the end of year 3. Assuming the investment will

earn 5% compounded annually, what amount should James deposit in the savings account today
Business
1 answer:
faltersainse [42]3 years ago
7 0

Answer:

  $6910.70

Explanation:

At the end of each year, the account balance will be 1.05 times the value at the beginning of the year. Thus, at the end of year 3, the value is 1.05^3 times the original value.

  $8000 = (deposit)×1.05^3

  deposit = $8000/1.05^3 ≈ $6910.70

James should deposit $6910.70 today.

You might be interested in
Mobile devices are perfect for targeting ads at specific consumers because ______.
Fofino [41]

Mobile devices are perfect for targeting ads at specific consumers <u>"because of social media and the fact that people use their mobile devices more than an actual desktop".</u>



Mobile is indicating quick advancement in time nearby and online visits per visit, and this is an indication that industry and clients alike are getting progressively OK with mobile environments. This will keep on advancing throughout the following couple of years. Desktop remains a noteworthy player, in any case, and I surmise that is not liable to change whenever soon. According to one research, nearly 80 percent of every single social media time is spent on mobile.  


3 0
3 years ago
Read 2 more answers
Your textbook authors describe a treatment plan for one of the somatic symptom and related disorders that includes efforts to re
ZanzabumX [31]

Answer: Conversion disorder

3 0
3 years ago
an activity-based costing system blank . multiple select question. uses numerous overhead cost pools is used for external report
fenix001 [56]

An Activity-based system  uses numerous overhead cost pools.

<h3>What is activity-based costing?</h3>

Activity based costing is a method of costing that is used in accounting to apportion costs to a good or service produced. It believes that manufacturing requires the use of resources which require activities and so these activities can be given costs.

To give these activities costs, there is a need to use overhead cost pools which is why activity-based systems use several overhead cost pools.

Find out more on activity-based costing at brainly.com/question/6654166

#SPJ1

7 0
2 years ago
Account policies set in GPOs linked to an OU containing computer accounts affect only local user accounts defined in the compute
podryga [215]
The answer to this question is A
5 0
2 years ago
Your grandfather put some money into an account for you on the day you were born. You are now 18 years old and are allowed to wi
raketka [301]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Value at 18= $4,909

Interest rate= 3%

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

FV= PV*(1+i)^n

A) Number of years= 7

FV= 4,909*(1.03^7)= $6,307.45

B) Number of years= 47

FV= 4,909*(1.03^47)= $19,694.39

C) Finally, we need to determine the original investment. We need to isolate the present value from the formula:

PV= FV/(1+i)^n

PV= 4,909/(1.03^18)

PV= $2,883.52

5 0
3 years ago
Other questions:
  • Suppose you are planning to spend $1,768 annually for vacation during the next 30 years. You are offered to pay $30,000 now so t
    10·1 answer
  • Sekelow Enterprises is a debt collection agency. It uses postcards to contact consumer debtors it is attempting to collect from
    13·1 answer
  • The balance in the j.​ higgins, withdrawals account was. the entry to close the account would include​ a:
    11·1 answer
  • Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1,000 a year for 20 years after retirement. Charl
    5·1 answer
  • Jolly Company produces hula hoops. Jolly Company has the following sales projections for the upcoming​ year: First quarter budge
    8·1 answer
  • Blart Corp. recently paid a dividend of $5.00 per share. Analysts forecast future dividends will increase by 2% forever. The req
    6·1 answer
  • What is customer service and why it important​
    13·2 answers
  • January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 27,000 of its common shares at $7 each. T
    9·1 answer
  • What is the result of subtracting the project costs from the benefits and then dividing by the costs
    10·1 answer
  • Deforestation can significantly reduce the amount of water vapor in the atmosphere. see section 12.16 (page) . true false
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!