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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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Answer:

e. All of the above are inputs required for capital budgeting analysis.

Explanation:

All of the given parameters are inputs required for capital budgeting analysis. is an input required for a multinational capital budgeting analysis, given that it is conducted from the parent's viewpoint.

a. Salvage value

Salvage value is the estimated resale value of an asset at the end of its useful life. It is an applicable cashflow in investment appraisal

b. Price per unit sold

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c. Initial investment

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3 years ago
The financial statement that presents a summary of the revenues and expenses of a business for a specific period of time, such a
adelina 88 [10]

Answer: Income statement.

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6 0
3 years ago
Last year there were 3100000 visitors to a national park and, on average, each visitor spends 22 hours in the park on average ho
Nataly [62]
Last year, being a non-leap year, there were 365 days  
So, number of hours in last year = 365 x 24 = 8760  
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We can find out average number of visitors in the park at any time during that hour as = (3100000 x 22)/8760 = 7785.388 visitors
8 0
3 years ago
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Direct materials, direct labor, and manufacturing overhead are all ______ costs. Multiple choice question. direct conversion per
galina1969 [7]

Product Costs include Direct materials, direct labor, and manufacturing overhead

<h3>What is product Costs?</h3>

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Therefore Product Costs include Direct materials, direct labor, and manufacturing overhead

Learn more on cost of production from the link below.

brainly.com/question/1373878

8 0
2 years ago
In making decisions about what to consume, a person's goal is toA) allocate her limited income among all the products she wishes
elena55 [62]

Answer: Option (C) is correct.

Explanation:

While making decisions about the consumption, a person wishes to maximize their marginal utility drive from every unit rather than total utility.

Marginal utility refers to the satisfaction that a consumer can get from the consumption of one additional unit of goods and services.

So, consumer wants to maximize marginal utility from the products that he/she is buying with the limited level of income. They want to utilize their limited income in a best possible manner.

7 0
4 years ago
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