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Brilliant_brown [7]
2 years ago
15

You have $7,863 you want to invest for the next 34 years. You are offered an investment plan that will pay you 11.8 percent per

year for the next 9 years and 19.2 percent per year for the remaining years. How much will you have at the end of the 34 years?
Business
1 answer:
Marianna [84]2 years ago
3 0

Answer:

$1731692.97

Explanation:

FV (end of 34 years) = (7863*(1.118)^9) * (1.192)^25 = $1731692.97

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Explanation:

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3 years ago
OPEC announces it will increase oil production by 20 percent. What is the effect of this action on the price of oil now? will ,
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An increase in the production leads to decline in the price. Producers are likely to supply more at the lower price or the existing price, considering the increase in production. If there is a 20 percent increase in the production, then it tends to increase the supply. An increase in supply will have a negative impact on price.

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3 years ago
Raul, the CEO of Color Paints Inc. noticed that their plant loses considerable time daily because the assembly line has to be cl
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cross-functional team

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7 0
3 years ago
On January 1, Puckett Company paid $1.6 million for 50,000 shares of Harrison’s voting common stock, which represents a 40 perce
Marysya12 [62]

Answer:

The $1,724,000 is the investment amount which is to be recorded as of December 31.

Explanation:

For computing the investment income, the calculation is shown below:

= Paid value + net income percentage - dividend

where,

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Net income percentage = Net income × percentage

                                        = $560,000 × 40%

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                       = $100,000

So, the investment amount would be

= Paid amount + net income percentage - dividend

= $1,600,000 + $224,000 - $100,000

= $1,724,000

Hence, the $1,724,000 is the investment amount which is to be recorded as of December 31.

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3 years ago
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