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Whitepunk [10]
3 years ago
11

If $500 is invested at an annual interest rate of 8% per year, its future worth at the end of 30 years will be most nearly:

Business
1 answer:
Olenka [21]3 years ago
8 0

Answer:

FV=5031.32844

FV≅$5031

Future worth at the end of 30 years will be most nearly $5031.

Explanation:

In order to find the Future value after 30 years, we are going to use the following formula:

FV=PV*(1+i)^n

where:

FV is the future value (End of 30 years)

PV is the present value ($500)

i is the interest rate=8%=0.08

n is the number of years (30 years)

Now,

FV=PV*(1+i)^n

FV=500*(1+0.08)^{30}

FV=5031.32844

FV≅$5031

Future worth at the end of 30 years will be most nearly $5031.

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Answer:

C) in swap transactions where the trader is attempting to minimize currency exposure, the actual spot and outright forward rates are often of no consequence.

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One defining characteristic of pure monopoly is that the:.
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For each of the following cash activities, choose the appropriate letter to match the activity with the internal control princip
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C. Establish responsibility - As the treasurer is held liable of making and receiving any checks, and that he is the person who shall monitor such things, related to transactions in checks.

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3 years ago
A company has established that the relationship between the sales price for one of its products and the quantity sold per month
notka56 [123]

Answer:

Q = 450

P = 35

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TR = P x Q = (75 - 0.1Q) x Q = -0.1Q2 + 75Q

Then, Cost = (30Q + 1,000)

Profit: Total revenue - C

-0.1q2 + 75Q - 30q - 1,000 = -0.1q2  + 45q - 1,000

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