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Veseljchak [2.6K]
2 years ago
11

e can deposit $5,000 at the end of each six-month period for the next 12 years and earn annual interest of 8.5%, compounded semi

-annually. What will the value of the investment be after 12 years
Business
1 answer:
liq [111]2 years ago
4 0

Answer:

$201,805.67

Explanation:

The formula for calculating future value = A (B / r)

B = [(1 + r)^n] - 1

A = amount

R = interest rate = 8.5 / 2 = 4.25%

N = number of years = 12 x 2 = 24

(1.0425^24 - 1 ) / 0.0425 = 40.361134

40.361134 x  $5,000 = $201,805.67

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8 0
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True or false? Individual electronic components can be combined into larger groups, called diodes, to increase their usefulness.
Butoxors [25]
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2 years ago
Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entr
olga_2 [115]

Answer:

A MS Excel file is attached for the Journal general , please find it.

Explanation:

Entries to be Journalized

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March 24         Cash                   $26,000    

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Download xlsx
6 0
3 years ago
Managing diversity isA. Recognizing the characteristics common to specific groups of employeesB. Dealing with employees as indiv
Dafna11 [192]

Answer:

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Explanation:

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On April 2, KLV sold $30,000 of inventory items on credit with the terms 1/10, net 30. Payment on $18,000 sales was received on
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Answer:

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The it's necessary to record this entry:

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7 0
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