The answer will be $401
Use $450-$49=$401
Answer:
B.)The credit rating data and the balance sheet data for each company on p. 5 of the FIR
Explanation:
Answer: False
Explanation:
Mr. Garcia should not accept the planner's ideas without critical evaluating the point the planner gave when he was discussing with him.
Mr Garcia should give his opinion on the issue raised by the planner and make inquiries so that the planner will give more detailed analysis regarding the investment.
The evidences gotten while discussing with him can be used to determine if the project is worth it or not.
The amount generated from the investment with simple interest is calculated through the equation,
F = P x (1 + in)
where F is the future amount, P is the present worth, i is the decimal equivalent of the given interest and n is the number of interest period.
From this item it can be identified that,
P = $10,500
i = 0.06
n = 4
Substituting the known values,
F = ($10,500) x (1 + (0.06)(4))
<em> F = $13020</em>
Therefore, after four years, the amount of money that Alex will have is $13,020.
B. Review the different savings account options that your bank offers