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s344n2d4d5 [400]
4 years ago
11

What is the future value of ​$490 per year for 9 years compounded annually at 11 ​percent? The future value of ​$490 per year fo

r 9 years compounded annually at 11 percent is ​$ nothing. ​(Round to the nearest​ cent
Business
1 answer:
Novay_Z [31]4 years ago
3 0

Answer:

The future value of ​$490 per year for 9 years compounded annually at 11 percent is ​$6,940.35

Explanation:

Giving the following information:

Annual deposit= $490

Number of years) 9

Interest rate= 11%

We have to calculate the end monetary value after 9 years. We will use the following formula:

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

A= annual deposit

FV= [490*[(1.11^9)-1]}/0.11= $6,940.35

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Spring is here, and Ginny and her uncle would like to go fishing for the weekend in New Hampshire. Ginny could either go to the
taurus [48]

Answer:rival in consumption and non- excludable

             rival in consumption and excludable

            common resource

            private good

Explanation:

The fish in the river are considered ___rival in consumption __ and __non-excludable ___ whereas the fish in the private pond are _rival in consumption____ and _excludable____. In other words, the fish in the river are an example of ___common resource__, and the fish in the private pond are an example of ___private good__.

3 0
4 years ago
Which financial statement shows a company's profits or losses over a period of time?
fomenos

The Profit and Loss Statement.

This shows profits and losses over a set period of time.

6 0
3 years ago
Equipment was purchased for $161500. Freight charges amounted to $5500 and there was a cost of $10000 for building a foundation
NISA [10]

Answer:

$27,800

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Cost of asset = $161500 + $5500 +  10000 =$177,000

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depreciation expense each year would be $27,800

4 0
3 years ago
The income statement, balance sheet, and additional information for Video Phones, Inc., are provided.
Alina [70]

Answer:

Net increase in cash position is $18,960

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From investing activities -$83,200

From Finance activities -$26,000

Explanation:

The income statement has been uploaded for your benefit.

The schedules attached tagged "workings" explains how we arrived at each change in cash flow by line item.

8 0
3 years ago
A small business is currently using a paper-based system for billing, which is slow and error-prone. Which system upgrade will m
Pachacha [2.7K]

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4 0
3 years ago
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