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zmey [24]
3 years ago
11

For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal

places, e.g., 32.16.)
Present Value Years Interest Rate Future Value
$ 2,550 8 18 % $
9,653 21 10 $
101,305 15 11 $
239,382 27 5 $
Business
1 answer:
Nina [5.8K]3 years ago
7 0

Answer:

$9585.09

$71,434.61

$484.702.84

$893,722.24

Explanation:

The formula used in calculating future value is given as :

FV = P (1 + r)^n

FV = Future value

P = Present value

R = interest rate

N = number of years

1. $ 2,550 (1 + 0.18)^8 = $9585.09

2. 9,653 (1 + 0.1)^21 = $71,434.61

3. 101,305 (1 + 0.11)^ 15 = $484.702.84

4. 239,382(1 + 0.05)^27 = $893,722.24

I hope my answer helps you

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The concept of market efficiency underpins almost all financial theory and decision models. When financial markets are efficient
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Answer:

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3 years ago
In 2010, the number of clown costumes sold at a single costume shop was 17. By 2015, that number had grown to 39. Assuming a con
Leviafan [203]

Answer:

No of clown sold in 2010 = 17

No of clown sold in 2015 = 39

Unit rate of change = 39 - 17/17 x 100

Unit rate of change = 129.41%

Explanation

The unit rate of change from 2010 to 2015 is equal to the number of clown sold in 2015 minus the number of clown sold in 2010 divided by the number of clown sold in 2010 multiplied by 100.

4 0
3 years ago
At Ultrinsic, students pay a small entry fee to compete in grades-based contests for cash prizes. Suppose that 10 students from
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Answer: Incentives.

Explanation:

Incentive is an economic term that is introduce to motivate and encourage people towards some kind of work. Incentive is an amount of money that is given to the achiever.

Here, the incentive is the amount of money allotted for prize. Student knows that entry fees is $10 each. If a student scores A grade, then the maximum amount he can get from prize is $100, which is greater than the entry fees of the contest. So, there is a incentive for the students to score grade 'A'.

Therefore, this motivate students to study well and work hard.

7 0
4 years ago
Milo files a suit against Nick in an Ohio state court, noting that Nick operates a Web site through which Ohio residents have do
erma4kov [3.2K]

Answer: Nick's web site activities

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6 0
3 years ago
Gilberto Company currently manufactures 84,000 units per year of one of its crucial parts. Variable costs are $2.90 per unit, fi
RoseWind [281]

Answer:

Cost to make $337,600

Cost to make $344,400

The company should make the product

Explanation:

Calculation to determine the total incremental cost of making 84,000 and buying 84,000 units

COST TO MAKE

Relevant per unit Relevant fixed cost Total relevant cost

Variable cost per unit $2.90 - $243,600(84000*$2.90)

Fixed manufacturing costs - $94,000 $94,000

Cost to make $337,600

($243,600+$94,000)

COST TO BUY

Relevant per unit Relevant fixed cost Total relevant cost

purchase per unit $4.10 - $344,400[$4.10*84000]

Cost to make $344,400

Based on the above calculation the cost of buying is higher than the cost of making therefore the company should MAKE the product.

5 0
3 years ago
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