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S_A_V [24]
3 years ago
6

How long will it take an investment of $5,000 to grow to $7,500 if it earns simple interest of 10% per year?

Business
1 answer:
Mariana [72]3 years ago
7 0
5.69
What he said, I have to answer just to ask some, hope he correct
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Miller, Inc. has 5,000 shares of 6%, $400 par value, cumulative preferred stock and 100,000 shares of $4 par value common stock
grin007 [14]

Answer:

$40,000

Explanation:

Calculation to determine the amount of dividends received by the common stockholders in 2017

First step is to calculate the preferred stock

Preferred stock=(5,000 shares*$400)*6%

Preferred stock=$2,000,000*6%

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Now let calculate the amount of dividends received by the common stockholders in 2017

Dividend Received=($200,000-$120,000)/2

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Therefore the amount of dividends received by the common stockholders in 2017 will be$40,000

4 0
2 years ago
A family wishes to save for future college expenses. Which financial tool should the family invest in?
emmainna [20.7K]

Answer:

529 Plan

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A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs.

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3 years ago
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