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blagie [28]
3 years ago
12

"Suppose you wish to have $5,500 in 18 years. Use the present value formula to find how much you should invest now at 6% interes

t, compounded annually in order to have $5,500, 18 years from now."
Business
1 answer:
Irina-Kira [14]3 years ago
7 0

Answer:

The amount of investment should be $1926.891 approximately

<u>Explanation:</u>

The following formula has been used to calculate the amount of investment

A = P(1+r/100) ^n

where: A = future value , P = present value , R = rate of interest , N = time period

Hence , applying the formula, we get,

$5500 = P (1+6/100) ^18

Hence P=$5500/ (1.06) ^18

=$1926.891(approx)

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Answer:

All accounting process are important.

Explanation:

All the recording of facts are important because the recording of facts enables the company to look the company with a financial perspective. In this scenario the accounting system can be used to see which store has generated more than the rest of the stores and will help CFO to reward the staff and use their tactics to implement in the other stores to increase the efficiencies of other stores.

7 0
2 years ago
The Art of Getting the greatest benefits from limited Financial Resources is called
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2 years ago
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Answer:

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Explanation:

given data

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solution

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5 0
2 years ago
Elijah and anastasia are husband and wife who have five married children and nine minor grandchildren. for 2015, what is the max
s344n2d4d5 [400]
To get the answer, you need to calculate this:
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Through this, you will get the answer of $532,000
4 0
3 years ago
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A project has an initial cost of $18,400 and is expected to produce cash inflows of $7,200, $8,900, and $7,500 over the next thr
garri49 [273]

Answer: 2.91 years

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Please check the attached image for the table explaining how the answer was gotten.

7 0
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