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Tema [17]
3 years ago
7

Bob deposits the amount of $115 in his bank account today, and plans to deposit the amount of $150 in the same account one year

from today, and finally plans to deposit the amount of $225 in the same account two years from now. If the interest rate is 7.65%, how much will Bob have accumulated in his account three years from today
Business
1 answer:
MrRa [10]3 years ago
6 0

Answer:$559.50

Explanation:

Using the formula

PV   x (1 + r) ^ n = FV

where PV= Present value

  r= rate

 n=number of years

  FV= Future value

a) Future value to earn in 3 yrs for amount of $115

115 x (1+7.65%) ^3 =  $143.463

b) Future value to earn in 2 yrs for amount of $150

150 x (1+7.65%) ^2=  $173.8278

c)Future value to earn in 1 year for amount of $225

225 x (1+7.65%) ^1=   $242.2125

Total Amount Accumulated in three years =   $143.463 + $173.8278+  $242.2125 =$559.5033 = $559.50

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Suppose that the presidents of two auto manufacturing companies exchange text messages in which they discuss jointly raising pri
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Answer:

Sherman Antitrust Act of 1890

Explanation:

Based on the information provided within the question it can be said that this communication is violating the Sherman Antitrust Act of 1890. This Act was passed prohibiting any contract, trust, or conspiracy in restraint of interstate or foreign trade in order to prevent oppressive business practices and monopolies. This is what the two companies are doing by agreeing to jointly raise the price they are able to control the entire markets price thus creating a monopoly in the automotive industry, which forces consumers to pay a lot more than what the vehicles are actually worth.

5 0
4 years ago
Calvin purchased a 40% partnership interest for $43,000 in February 2017. His share of partnership income in 2017 was $22,000, i
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Answer:

Calvin would have a long-term capital gain of $1000.

Explanation:

Calvin's contributions towards partnership is as below

Beg                                           $43,000

2010 income                            $22,000

2011 income                             $25,000

2010 income                            $12,000

Total  contribution                   $102,000

Total amount Calvin realized by selling his partnership interest = $103,000.

Therefore, Calvin would have a long-term capital gain of $1000 (amount Calvin realized - Calvin's contributions  = $103,000 - $102,000).

4 0
4 years ago
Equilibrium is defined as:
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<span>The answer is d. quantity demanded equals quantity supplied</span>
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4 years ago
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Extensive collections of published works in electronic form are called
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g A method used to determine the value of a stock by analyzing the earnings prospects while considering the business environment
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The correct option is fundamental analysis

Explanation:

Industry analysis centers on the competitive nature of the market where a business operates,hence it is a just a component of what makes fundamental analysis.

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Fundamental analysis is the correct option as it encompasses determining the value of stock by conducting both internal and external analysis of a business concern.

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3 years ago
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