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liraira [26]
3 years ago
12

Bradley Snapp has deposited $5,000 in a guaranteed investment account with a promised rate of 6% compounded annually. He plans t

o leave it there for 4 full years when he will make a down payment on a car after graduation. How much of a down payment will he be able to make?
Business
1 answer:
Sever21 [200]3 years ago
8 0

Answer:

$6,312.38

Explanation:

Bradley snapp deposited $5,000 in an investment account

He was given a rate of 6% compounded annually

He plans to leave the money there for 4 years when he will make a down payment on a car

Therefore the down payment which he will be able to make can be calculated as follows

= $5000×(1+0.06)^4

= $5000×1.06^4

= $5000 × 1.26247696

= $6,312.38

Hence the down payment Bradley will be able to make is $6,312.38

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Answer:

the word objects makes me think B. also, wants can be fulfilled by objects, not tools or economics.

Explanation:

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On October 15, 2018, Jon purchased and placed in service a used car. The purchase price was $25,000. This was the only business
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5 0
2 years ago
When we express the value of a cash flow or series of cash flows in terms of dollars today, we call it the ________ of the inves
vekshin1

Answer:

Present value

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Explanation:

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I hope my answer helps you

8 0
3 years ago
Read 2 more answers
Given the following data: Treasury Bill Maturity DTM Bid Asked Mar 90 1.20 1.15 If you invest $10,000 today at the risk-free ra
Oksi-84 [34.3K]

Answer: $10029

Explanation:

Based on the information given in the question, if $10000 is invested today at the risk-free rate, the amount that'll be received in 90 days will be calculated thus:

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Therefore, the answer is $10029

7 0
3 years ago
The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking u
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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
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