All categories

3 years ago

What is the future value of $1800 invested today at 18% interest in 30 years with interest compounded quarterly?

Business

1 answer:

Lynna [10]3 years ago

5 0

Answer:

Future value of amount will be $354182.711

So option (C) will be the correct option

Explanation:

We have given present value $P=$1800$

Rate of interest r = 18 %

Time t = 30 years

As interest is paid quarterly so

Rate of interest $r=\frac{18}{4}=4.5%$

And time period = 30×4 = 120

Future value is given by $A=P(1+\frac{r}{100})^n=1800\times (1+\frac{4.5}{100})^{120}=1800\times 196.768=$354182.711$

So future value of amount will be $354182.711

So option (C) will be the correct option

You might be interested in

Alpha Systems, Inc., manufactures computer keyboards. The data for the month of June is given below: Direct material per unit $1

astraxan [27]

Answer:

a.$20 per keyboard

Explanation:

The computation of the variable cost per computer keyboard is shown below:

= Direct material per unit + Direct labor per unit + Variable overhead per unit

= $10 per unit + $6 per unit + $4 per unit

= $20 per keyboard

Basically, we added the Direct material per unit, Direct labor per unit, and the Variable overhead per unit so that the variable cost per computer keyboard could come

8 0

3 years ago

"What makes you a good fit for the student ambassador program (personality, character traits, or talents) ?"

slava [35]

It's always to be yourself and show them who u really are

3 0

3 years ago

How will food delivery like deliveroo engage with local community

BartSMP [9]

Answer:

People can go around and help the economy continue flowing

Explanation:

The person ordering is supporting a restaurant in the community without having to leave the house if they don't want to but they are still able to get food from places and they are able to support them with their business. They are also paying the person who is delivering the food, helping give people in the community jobs and keep the economy flowing.

8 0

3 years ago

At December 31, 2020, Vaughn Corporation had an estimated warranty liability of $106,000 for accounting purposes and $0 for tax

zepelin [54]

Answer:

Deferred tax asset at December 31 2020 i $21,200

Explanation:

Deferred tax asset =warranty costs liability*tax rate

warranty costs liability is $106,000

tax rate is 20%

deferred tax asset=$106,000*20%

=$21,200

The is the future tax implication of the warranty liability,the rationale behind this computation is that when the liability is settled in cash,the settlement would reduce ta liability by $21,200 since warranty liability is deductible when paid in cash.

4 0

3 years ago

A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 20,

inn [45]

Answer:

c. 173,500.

Explanation:

If the department completed and transferred 165,000 units, it started and finished 145,000 new units in addition to completing the remaining 60% of the 20,000 unfinished units in the beginning of the period. Aside from that, it also produced 75% of 22,000 additional units.

Using the weighted average method for inventory costing, the number of equivalent units produced by the department is:

$N = 145,000 +(0.60*20,000)+(0.75*22,000)\\N=173,500$

The department produced 173,500 units.

7 0

3 years ago