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sweet-ann [11.9K]
3 years ago
8

You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will

deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?
Business
1 answer:
USPshnik [31]3 years ago
8 0

Answer:

FV= $12,818.4

Explanation:

Giving the following information:

You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest.

To calculate the future value we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {4,200*[(1.052^2)-1]}/0.052 + 4,200= $12,818.4

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3 years ago
You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products
ZanzabumX [31]

Answer:

See explanation below

Explanation:

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% change in quantity of raskels = -4%

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i) Find the Cross price elasticity of demand between guppy grummies and raskels. Use the expression below.

% change in quantity demanded of raskels / % change in price of guppy gummies

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It is recommended not to advertise raskels with guppy grummies

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5 0
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16. When filing by subject, which of the following would be filed first? *
andriy [413]

Answer:

C. additional information

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In business, the data that companies take through questionnaires is made in order to read the market's trends or customers' general preference. In order for the data to be usable, the companies need to be able to differentiate subjects based on different characteristics (such as age, gender, income level, etc). All of this information is filled under the additional information box on every files.

4 0
3 years ago
Which of the following is an example of​ investment? A. a person depositing $ 100 a week to her savings account B. a person's an
lara31 [8.8K]

Answer:

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