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Katarina [22]
3 years ago
15

How much must be deposited at the beginning of each year in an account that pays 4%, compounded annually, so that the account wi

ll contain $36,000 at the end of 9 years? (Round your answer to the nearest cent.)
Business
1 answer:
Alex_Xolod [135]3 years ago
7 0

Answer:

Annual deposit= $3,270.91

Explanation:

Giving the following information:

Deposit= beginning of the year

Interest rate= 4% compounded annually

Final value= $36,000

Number of years= 9

To calculate the annual deposit, we need to use the following formula:

FV=  {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

A= annual deposit

Isolating A:

A= {(FV*i)/ {[(1+i)^n] - 1]} / (1+i)

A= {(36,000*0.04)/ [(1.04^9)-1]} / 1.04

A= $3,270.91

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A modified DCF analysis is best for evaluating and selecting the optimal strategic alternative when a company has ___ goal(s) an
Trava [24]

Answer: single; quantitative

Explanation:

The discounted cash flow analysis is a method that is used to determine the value of a project, security, or assets by using time value of money.

The discounted cash flow analysis is used in real estate, investment finance, patent valuation etc. A modified DCF analysis is best for evaluating and selecting the optimal strategic alternative when a company has single goal(s) and quantitative measures.

6 0
3 years ago
Ada signed a simple discount promissory note for $5,500. the discount rate is 12%, and the term of the note is 5 months. what ar
Ivahew [28]
<span>Given that, Promissory note A = 5,500 Discount rate i = 12% i = 12/100 Term n= 5 months we know that, 1 year = 12 months 5 months= 5/12 So we get, A = 5,500 i = 12/100 n= 5/12 To find the ada's proceeds on the loan formula is, Proceeds=A(1+i)^n ........... (1) Put the value of A,i,n in equ (1) Proceeds=5500(1+12/100)^5/12 =5500(1+0.12)^0.417 =5500(1.12)^0.41667 =5500(1.04835) Proceeds=5765.94 Therefore $5765.94 Proceeds on the loan</span>
3 0
3 years ago
a rectangular swimming pool has dimensions 45 metre by 20 metre concrete path of 3.5 m width is laid around it .Find the cost of
Anon25 [30]

Answer:

Rs. 5993.75

Explanation:

The computation of the cost of laying the path is given below:

= {area of(pool +path)- area of pool }

= ((45 + 3.5) × (20 + 3.5)) - (45 × 20)

= (48.5×23.5) - (45 × 20)

= 1139.75 - 900

= 239.75 square meters

Now the cost is

= 239.75 × 25

= Rs. 5993.75

8 0
3 years ago
Why does electronic commerce benefit small firms? Without e-commerce, small firms often lack the resources to expand beyond loca
Juli2301 [7.4K]

Answer:

Without e-commerce, small firms often lack the resources to expand beyond local markets.

Explanation:

In Business, e-commerce can be defined as a business model which involves the buying and selling of goods or products over the internet.

Generally, e-commerce comprises of four (4) business models and these are;

1. Business to Business (B2B).

2. Business to Consumer (B2C).

3. Business to Government (B2G).

4. Consumer to Consumer (C2C).

Without e-commerce, small firms who predominantly lack the resources to expand beyond local markets unlike larger business firm wouldn't be able to grow and develop into penetrating global markets.

6 0
3 years ago
Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes pa
maksim [4K]

Answer: Business intelligence

Explanation: Business intelligence is a term used to describe the strategic steps taken to obtain or collect data,carry out the analysis of the data analysis, showing trends, patterns and relationship between factors, treatments and other considerations before making business decisions. Business intelligence is all in modern business processes to adequately explore the advances in technology for Business decisions making.

7 0
3 years ago
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