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SOVA2 [1]
3 years ago
15

A small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when

it wears out, the company wants to establish a savings account today. If the interest rate on the account is 1.1 percent compounded quarterly and the cost of the machinery will be $255,000, how much will the company have to deposit today
Business
1 answer:
garik1379 [7]3 years ago
8 0

Answer:

The amount to be deposited today is: $211, 562.44

Explanation:

Compound interest is interest that is reinvested to the initial amount that was loaned or deposited in a bank account. This means that the next interest will be calculated using the principal amount (initial amount deposited) plus the interest that is reinvested in the current period. Compound interest is calculated as follows:

FV =  PV/ ((1 + (i/n))^(nT)

FV = Future value

PV = Present Value

i = interest rate

n = number of times interest rate is applied per period

T = number of periods

In this question, PV is required to determine how much money we need to deposit today. Therefore, PV is made the subject of the formula as follows:

PV = FV/((1 + (i/n))^(nT)

PV = $255,000/ (1+(0.011/4))^(4*17)

     = $255000/(1.00275)^68

     =$211,562.4443

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Answer:

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Explanation:

When a patient is admitted in a hospital and has multiple ailments, like some kidney problem, heart problem, joints problem, blood pressure, sugar, etc, then there would be multiple doctors or the specialists who see the patient. They all will use a common Client information Sheet and put their reviews and suggestions on that sheet so that other doctors also have a look into that before giving medication to the specific patient. This is because all medicines can be just given to the patient without matching with the other medicines. For example there are some medicines of Blood Pressure that cant be given with the medicines of kidneys. So doctors have to give that medicine which matches the rest of the medicines. So when doctors will see the CIS, they will be able to continue the treatment of the patient with ease. So CIS provides continuity when multiple doctors are working on the same patient.

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3 years ago
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natta225 [31]

Answer: D. 500

Explanation:

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6 0
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One of the largest changes in the economy over the past several decades is that technological advances have reduced the cost of
umka21 [38]

Explanation:

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Answer:

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3 years ago
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