Answer:
$71,720.
Explanation:
We can find the answer by finding the future value for the two periods (the 15 years under 4.1% interest rate, and the 18 years under 3.5% interest rate) using the future value of an investment formula:
FV = PV (1 + i)^n
Where:
- FV = Future value
- PV = Present value
- i = interest rate
- n = number of compounding periods
Now, for the first period of time, we plug the amounts into the formula:
FV = $21,000 (1 + 0.041)^15
FV = $38,369
Now, we take that result, and apply the same formula:
FV = $38,369 (1 + 0.035)^18
FV = $71,270
So, the total amount you will have in your account after 33 years is $71,720.
Answer: 3.47 years
Explanation:
Payback Period on an investment can be calculated as:
= Cost of investment / Net annual cash inflow
The internal rate of return is the rate that equates the Cost of investment to the annual net cash inflow. This means that if you were to solve for the IRR factor, the formula would be:
= Cost of investment /Net annual cash inflow
Notice how the formulas are the same.
The factor for IRR is therefore the Payback period.
Using your Present value of an Annuity Factor table therefore, find the Factor for the IRR rate of 6% and 4 years.
= 3.4651
= 3.47 years
False because they are always going to compare no matter what it is.
They are both correct in this scenario. There are many ways that the oil can be distributed depending on how the company delivers the oil and systems. Engines are built differently depending on the specific needs, vehicles, operating systems.
your answer should be “B.”
mark me brainliest please!
