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kobusy [5.1K]
3 years ago
5

Present and future value tables of $1 at 3% are presented below

Business
1 answer:
Molodets [167]3 years ago
5 0

Answer:

B. $228,122.

Explanation:

Number of quarters = 3 * 4 = 12

Quarterly interest rate = 12%/4 = 3%

From the table, the correct discounting factor for the future value (FV) = 1.42576

We then have:

FV = $160,000 * 1.42576 = $228,122

Therefore, the maturity value of the CD is $228,122.

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D) checking account
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Suppose the government imposes a price ceiling above the equilibrium price of a given good. d)Which of the following is the most
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Answer:

c)No change will occur in the market.  

Explanation:

A price ceiling above the equilibrium price is a non binding price ceiling and it does not affect the market. No change in supply or demand occurs.

5 0
3 years ago
Rent expense in Volusia Company's 2016 income statement is $420,000. If Prepaid Rent was $70,000 at December 31, 2015, and is $9
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Answer:

$445,000

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5 0
3 years ago
1. True or False: Savings accounts are a reliable way to store money for the future.
son4ous [18]

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4 0
3 years ago
A farmer is deciding whether or not to add fertilizer to his or her crops. If the farmer adds l pound of fertilizer per acre, th
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Answer:

b. $20 per pound.

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