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
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

You might be interested in
If julio ruiz has an income of $30,000, pays $6,000 in rent, $1,200 in utilities, and $5,000 in taxes per year, is disposable in
Taya2010 [7]
<span>Disposable income is defined as any and all income that one has less the taxes and other mandatory payments one must make. In Julio's case, this would be the $30,000 he has earned less the $5,000 he pays in taxes yearly. The rent and utilities would not be considered, leaving a disposable income value of $25,000.</span>
8 0
4 years ago
You have just completed a $ 24 comma 000 feasibility study for a new coffee shop in some retail space you own. You bought the sp
Anna35 [415]

Answer:

$147,000

Explanation:

Data given

Capital expenditure = $25,000

Opportunity cost = $117,000

Increase in net working capital = $5,000

The computation of initial cash flow is shown below:-

Free cash flow = Capital expenditure + Opportunity cost + Increase in net working capital

= $25,000 + $117,000 + $5,000

= $147,000

Therefore for computing the free cash flow we simply applied the above formula.

3 0
3 years ago
The total sales of a product, by all competitors in the industry, is:____.a. highest in the introduction stage.b. lowest in the
irina1246 [14]

Answer:

The total sales of a product, by all competitors in the industry, is:____

e. lowest in the market introduction stage.

Explanation:

The product life cycle refers to the time period when a product is first introduced to a market until it exits the market.  There are four main stages in a product life cycle.  They include introduction, growth, maturity, and decline.  It is during the introduction phase that the total sales are lowest.  The low sales are witnessed again during the latter stage of decline.   The highest sales are achieved during the maturity stage.

3 0
3 years ago
For the last five years, the HR manager at Fresh Foods has been asking all applicants to appear for a test. The HR manager now i
Troyanec [42]

Answer:

The correct answer is predictive validity test.

Explanation:

A predictive validity test is carried out in order to predict the performance that a collaborator will have in the future. With this dynamic, it is ensured that an honest employee is hired, and that he always acts under the rules of the organization to which he will belong. In general, there are discrepancies compared to what many people can do under certain circumstances, and this test is precisely what they want to know about the performance under different scenarios.

8 0
3 years ago
Read 2 more answers
Critically analyse the difference and the point of convergence between floor inspection and functional inspection
olasank [31]

Answer:

The overview of the give scenario is described in the explanation section below.

Explanation:

  • The distinction between Floor as well as Function Inspection was that these techniques are being used to eliminate and locate faulty materials until the identical happens in manufacturing. Quality is the key objective of both processes, where expectations are reviewed and evaluated to ensure that the operation is carried out correctly.
  • The differences between the parties would be that the system in the Floor Inspection needs to be checked the content in the process mostly on the machine rather than at the beginning of manufacture to ensure that every device or floor is functioning correctly. This would be to ensure that the industrial automation expenses will not go out and then go hand in hand as well as the fault could've been readily identified.
  • But from the other side, the Functional evaluation could have the primary purpose verified, which is something the brand is motivated to deliver. For example, an electric motor could've been verified if it has the correct performance and reliability. It doesn't inform us more about the difference throughout all sections, but somehow it provides everyone a wider understanding of both the happiness that comes from inspecting the very same item.

4 0
4 years ago
Other questions:
  • A _____ is a small piece of ownership in a company
    7·2 answers
  • If butter and margarine are substitute goods, an increase in the price of butter is most likely to cause:
    15·1 answer
  • Matching Exercise: Match the type of bond to its definition. a)The Catastrophe Bond: b)A Warrant Bond: c)An Income bond: d)A Con
    6·1 answer
  • Please help me to solve this.
    6·1 answer
  • One of the reasons Omega Distributors, a local manufacturing company, is considered a good place to work is that the managers en
    6·1 answer
  • After conducting a market research​ study, Magnificent Manufacturing decided to produce a new interior door to complement its ex
    15·2 answers
  • Blossom Company incurs these expenditures in purchasing a truck: cash price $26,470, accident insurance (during use) $2,080, sal
    12·1 answer
  • What are some good outdoor thing to do outside for the summer<br> list as many as can
    5·1 answer
  • Over the past​ decade, the number of new car sales are down and the number of new car leases are up. What is probably the main r
    13·1 answer
  • Employer-sponsored retirement plans requiring a minimum length of time of service to participate are.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!