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inna [77]
3 years ago
13

"You deposit $12,000 today into an account that pays you 12% annual interest, compounded daily. How much MORE will you have in 4

0 years, than if the compounding was only computed annually (as opposed to daily)
Business
1 answer:
Solnce55 [7]3 years ago
5 0

Answer:

$340,363.55

Explanation:

you need to calculate the future value of your deposit:

future value = present value x (1 + interest rate)ⁿ

  • present value = $12,000
  • interest rate = 12% / 365 = 0.032877%
  • n = 40 x 365 = 14,600

future value = $12,000 x (1 + 0.032877%)¹⁴⁶⁰⁰ = $1,456,975.20

if the interest is compounded annually, the future value = $12,000 x 1.12⁴⁰ = $1,116,611.65

the difference = $1,456,975.20 - $1,116,611.65 = $340,363.55

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Answer: It is very important because you need to be prepared to invest the time and money necessary to gain the required skills.

Explanation:

7 0
2 years ago
Celeste is working with a Ford Motor Company, one of her clients to negotiate the use of Ford trucks in an upcoming country musi
Oksanka [162]

Complete Question:

Celeste is working with a Ford Motor Company, one of her clients to negotiate the use of Ford trucks in an upcoming country music video. This type of paid, nonpersonal communication is known as?

Group of answer choices

A. direct marketing.

B. personal selling.

C. advertising

D. public relations.

Answer:

C. Advertising.

Explanation:

In this scenario, Celeste is working with a Ford Motor Company, one of her clients to negotiate the use of Ford trucks in an upcoming country music video. This type of paid, non-personal communication is known as advertising.

Advertising can be defined as a marketing strategy, which involves paying for a space in order to promote or boost the acceptance of goods and services. This ultimately implies that, advertising is a marketing technique which is being used by service providers or manufacturers in attempt to convince or influence the buying behavior of various customers through the use of persuasive messages.

8 0
3 years ago
Grouper Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $160,600, and purchases for January thro
Katen [24]

Answer:

$165,670

Explanation:

Cost of goods sold = Sales revenue (1 - Gross profit)

                                = $669,900 × (1 - 0.30)

                                = $669,900 × 0.70

                                = $468,930

Estimated ending inventory destroyed in fire:

= Beginning inventory + Purchase - cost of goods sold

= $160,600 + $474,000 - $468,930

= $165,670

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With Nelly's grandparents being on a fixed income, inflation will cause their purchasing power to go down. Since inflation causes prices to raise, they will not be able to purchases things like before. The correct answer is C. 
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