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NeX [460]
4 years ago
14

An investment has been growing at a fixed annual rate of 20% since it was first made; no portion of the investment has been with

drawn, and all interest has been reinvested. How much is the investment now worth?
Business
1 answer:
Mademuasel [1]4 years ago
4 0

Answer:

The correct option is 2

Explanation:

Let us assume the current value of the investment be x

And the annual growth factor of the investment is 1.2

1. The  investment value has increased or risen by 44% since it was first made

It is known that the combined growth factor of the investment is 1.44 and no information is stated regarding the actual ($) values. Therefore, the unique value could not be computed.

So, this statement lacks information and insufficient to solve for x.

2. 1 year ago, the withdrawn money worth is $600 and at present the worth of the investment would be 12% less than the actual worth.

1 year ago, the value of the investment was x / 1.2. So, the equation could be set up regarding the withdrawal.

The equation would be:

= (x/ 1.2- 600) × (1.2)

=0.88x

Therefore, the unique value to could be answered and the sufficient to answer.

NOTE: The options are missing. So I am providing the answer with the options.

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Answer:

lifestyle

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What are 2 ways to add a customer to QuickBooks Online?
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3 years ago
The trial balance of Rachel Company at the end of its fiscal year, August 31, 2017, includes these accounts: Inventory $29,200;
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Answer:

$151,200

Explanation:

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Cost of goods sold extract of income statement:

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Freight-in                                                                        $8,000

Purchases returns and allowances                             <u> ($5,000)</u>

Net purchases                                                                                    <u>$147,000</u>

cost of goods available for sale                                                         $176,200  

ending inventory                                                                               <u> ($25,000)</u>

cost of goods sold                                                                               $151,200

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3 years ago
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Katena32 [7]

A) a fair labor market

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4 years ago
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castle borrowed $5,000 from nelson and executed and delivered to nelson a promissory note for $5,000 due on april 30. on april 1
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