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tigry1 [53]
4 years ago
10

Determine the future value if $5,000 is invested in each of the following situations: 7 percent for seven years $8,130 $8,031 $8

,030 $7,030
Business
1 answer:
Svetach [21]4 years ago
7 0

Answer:

The answer is $8,030

Explanation:

Present Value (PV) = $5,000

Future Value(FV) = ?

Interest rate(r) = 7 percent

Number of years (N) = 7 years

The formula for future value is:

FV = PV(1+ r)^n

= $5,000(1+0.07)^7

$5,000(1.07)^7

$5,000 x 1.605781476

=$8,028.91

Approximately $8,030

Alternatively, we can use a Financial calculator:

N= 7; I/Y= 7, PV= -5,000 CPT FV= $8,028.91

Approximately $8,030

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Answer:

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Explanation:

The cash collected ca be worked out using the formula below:

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Explanation:

How did Carter plan to achieve his goals regarding the hostages?

Check all of the boxes that apply.

Convince Iran that the real danger was the Soviet Union, not the United States.

Team up with Iraq to invade Iran.

Get help from other countries to express disapproval of Iran’s actions.

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