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victus00 [196]
3 years ago
9

Krystal plans to save $500 at the end of Year 1, $600 at the end of Year 2, and $700 at the end of Year 3. If she earns 2.8 perc

ent on her savings, how much money will she have saved at the end of Year 3?
Business
1 answer:
mestny [16]3 years ago
3 0

Answer:

$1,845.192

Explanation:

The computation of the amount saved at the end of year 3 is shown below:

= Amount at the year 1 × (1 + interest rate)^number of years + Amount at the year 1 × (1 + interest rate)^number of years + Amount at the year 1 × (1 + interest rate)^number of years

= $500 × (1 + 0.028)^2 + $600 × (1 + 0.028)^1 + $700  × (1 + 0.028)^0

= 528.392  + $616.80 + $700

= $1,845.192

We simply applied the above formula so that the amount saved for the year 3 could come

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Explanation:

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Which of the following organizational structures led to massive increases in the deployment of capital in the US and UK in the n
Eva8 [605]

Answer:

C.Sole proprietorship

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4 0
3 years ago
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In a department, 28,000 units are completed and transferred out and 14,400 remain in ending WIP at 85% complete. If an equivalen
Zigmanuir [339]

Answer:

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Explanation:

The condition for the units for transferred is that they must have been completed 100% with respect to equivalent unit cost,hence the materials transferred out should be valued at full $8.00 per direct material.

The value of materials transferred out=28,000*$8.00

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8 0
3 years ago
2000 is deposited into a newly opened fund on January 1, 1999. Another deposit is made into the fund on July, 1 1999. On January
choli [55]

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$2,080 is the correct answer to the given question .

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3 0
3 years ago
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