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almond37 [142]
3 years ago
6

Assume you deposit $5,600 at the end of each year into an account paying 11 percent interest. How much money will you have in th

e account in 17 years
Business
1 answer:
anyanavicka [17]3 years ago
8 0

Answer:

FV= $249,204.72

Explanation:

Giving the following information:

Annual deposit= $5,600

Interest rate= 11%

Number of periods= 17 years

<u>To calculate the future value, we need to use the following formula:</u>

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

A= annual deposit

FV= {5,600*[(1.11^17) - 1]} / 0.11

FV= $249,204.72

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<span>Although a profitable surplus of products was maintained, money was as scarce in the colonies as it was in England. Whenever gold or silver was earned from exported products, it had to be sent to England to pay debts or to import needed goods. This produced an environment where money was scarce even despite the decent profit earned from crops.</span>
5 0
4 years ago
The variance of a sample of 121 observations equals 441. The standard deviation of the sample equals 1.91. 231. 21. 11.
Cloud [144]

The standard deviation of sample equals: 11

Explanation:

Given:

                                 variance of sample (S^{2}) = 121

                                 no, of observations made = 441

                                         standard deviation = ?

By using the formula:

                          Standard deviation (S) = \sqrt{variance}

                                                                 = \sqrt{S}

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                                                                 = 11

Hence the standard deviation is equal to 11.

 

6 0
3 years ago
If Marla's company changed its organizational structure from one based on country to one based on industry groups, it would best
kumpel [21]

Answer:

Here the Marla's company can be best described as C) border less organization.

Explanation:

Border less organization which is also commonly know as transnational corporation, is best used to describe a multinational organization, which has its head quarter in one country and various offices, facilities in multiple countries. Being this type of corporation helps a company in targeting larger customer base , utilizing national competences .

3 0
3 years ago
15. Chef A insists that roux is the traditional thickener for bisque. Chef B insists that it's rice. Which chef is correct?
inna [77]

Answer:

Hi,

The correct answer option is B. Both chefs are correct

Explanation:

Roux is a mixture of fat and flour for making sauces.The purpose of roux is to form a base for the sauce and soup by thickening the sauce.Butter is commonly used for making roux.Veloute,a  common cuisine is thickened  with roux. Bisque is a soup made of pureed shellfish.Rice is used to thicken Bisque.This soup is smooth, creamy and seasoned.

Hope this helps!

3 0
4 years ago
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