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Over [174]
3 years ago
14

An investment of $25,000 pays 7% (simple) annual interest. What will be the total value of the investment in 10 years? Give your

answer in dollars to the nearest dollar. Do not include the dollar symbol or commas in your answer.
Business
1 answer:
rusak2 [61]3 years ago
6 0

Answer: Simple Interest earned during 10 years = 25000 * 7% * 10

=(250*7*10)

= 17500

<em>Total Value of investment </em>= 17500 + 25000 = 42500

Explanation:

(1) For finding <em>the total value of the investment in 10 years, </em>we have to first compute the simple interest earned for 10 years i.e. the investment time period.The formula of  calculating Simple Interest is as follows-

Value Invested * Interest Rate * Time period of investment

Applying the simple interest formula we will get the value of simple interest as shown in the answer above.

(2) Lastly, we have to add Value invested in the beginning and the Simple Interest earned during the 10 years for finding <em>the total value of the investment in 10 years </em>i.e.

<em>Total Value of investment = Value invested in the beginning + Simple Interest Earned during the investment period (10 years in this case)</em>

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Antonio would like to replace his golf clubs with a​ custom-measured set. A local sporting goods megastore is advertising custom
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Answer:

Antonio and Replacement of Golf Clubs

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b. The reason is that he would pay more in in-store financing totaling $37.06 per annum than the net interest he would generate from the CD totaling $23.18 per annum.  And Antonio would incur a net loss of $13.88 if the CD was renewed unlike the $5.74 if the CD were not renewed.

Explanation:

Option 1: Renew Certificate of Deposit (CD):

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Taxes                  =   10.30 ($33.48 * 30.75%)

Net Income         = $23.18

Cost of in-store financing = $37.06 ($710 * 5.22%)

Net Loss(overall) = $13.88 ($37.06 - $23.18)

Option 2:

Sale-off of CD = $600

Net financing required = $110 ($710 - $600)

Cost of financing = $5.74 ($110 * 5.22%)

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3 years ago
Suppose the price of a bag of frozen chicken nuggets decreases from $6.50 to $5.75 and, as a result, the quantity of bags demand
insens350 [35]

Answer:

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6 0
2 years ago
The company's materials price variance for April was $3,000 Favorable. Its materials quantity variance for April was $5,000 Favo
Black_prince [1.1K]

Answer:

the  standard price per yard is $6.25

Explanation:

The computation of the standard price per yard is shown below;

Material quantity variance = Standard Price  × (Actual quantity - Standard quantity)

-$5,000 = Standard price  × (10,000 - 10,800)    

Thereore Standard price = -$5,000 ÷ (-800)  

= $6.25    

Hence, the  standard price per yard is $6.25

We simply applied the above formula so that the standard price per yield could come

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3 years ago
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3 years ago
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Which resource management activity identifies and verifies that personnel?
Sliva [168]

Resource management effectively develops and uses the resources of the organization. Credentialing recognizes and confirms the personnel.

<h3>What is credentialing?</h3>

Credentialing is a process that involves the documentation of the individual of the organization or the corporation so that the true and fair authentication and qualification of the person associated are ensured.

It is an essential function of the management that confirms the skills and requirements of the person that will be an asset to the organization. The qualifications of the person required will be established and can be approved.

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