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marshall27 [118]
3 years ago
12

A company will need ​$60 comma 00060,000 in 88 years for a new addition. To meet this​ goal, the company deposits money in an ac

count today that pays 1212​% annual interest compounded quarterly. Find the amount that should be invested to total ​$60 comma 00060,000 in 88 years.
Business
1 answer:
kiruha [24]3 years ago
6 0

Answer:

$24,233 should be invested.

Explanation:

Future value is the sum of the compounding amount of interest and its principal at a given rate for some given period of time.

According to given date

Future value = FV = $60,000

Time period = n = 8 year

Interest rate = r = 12%

Future value = PV ( 1 + r )^n

$60,000 = PV ( 1 + 0.12 )^8

$60,000 = PV x 2.476

PV = $60,000 / 2.476

PV = $24,232.63

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3 years ago
Relevant costs for target costing include:
Firdavs [7]

Answer:

Correct answer is D. All future costs, both variable and fixed

Explanation:

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3 years ago
Match each economic scenario with the correct economic term.
kkurt [141]

Answer:

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1 - Underutilization

2 - Efficiency

3 - Unattainability

Explanation:

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1 - Underutilization

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6 0
3 years ago
Compton Company expects the following total sales: Month Sales March $ 20,000 April $ 10,000 May $ 34,000 June $ 15,000 The comp
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Answer:

The accounts receivable balance on May 31 is $17850

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8 0
3 years ago
Read 2 more answers
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