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Semmy [17]
3 years ago
15

How much interest is earned in just the third year on a $1,000 deposit that earns 7% interest compounded annually?

Business
1 answer:
Sav [38]3 years ago
4 0

Answer:

Interest earn= $80.14

Explanation:

Giving the following information:

PV= $1,000

i= 7%

n= 3

<u>First, we will calculate the future value at the second year:</u>

FV= PV*(1+i)^n

FV= 1,000*(1.07^2)

FV= 1,144.9

<u>Now, for the third year:</u>

FV= 1,144.9*1.07= 1,225.04

Interest earn= 1,225.04 - 1,144.9= $80.14

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alexandr402 [8]

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8 0
2 years ago
If you started with $100 in the bank and you had $200 after letting it sit there for 5 years, what would be the annual interest
Paha777 [63]

The annual interest rate is 10 %.

Annual percent fee refers to the yearly interest generated with the aid of a sum it's charged to borrowers or paid to buyers. APR is expressed as a percentage that represents the real yearly price of price range over the time period of a mortgage or profits earned on investment If a man or woman borrows hundred rupees at one rupee interest, for instance, he needs to pay one rupee hobby in keeping with month. So in twelve months, he has to pay ten rupees.

Here,

let the annual interest rate is r

new amount = $ 200

for the  compound interest formula

new amount = initial amount * (1 + r)^time

200 = 100 * (1 + r)^7

solving for r = 0.104 = 10.4 %

the annual interest rate is 10 %.

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5 0
2 years ago
Assuming the company uses US GAAP standards, what is the total cash flow from financing activities?
saveliy_v [14]

Answer:

$30

Explanation:

The cash flows from financing activities will include:

+ issuance of preferred stock

+ issuance of bonds

- paid off long-term bank borrowings

- repurchase of common stock

- dividends paid

cash flows from financial activities = $35 + $50 - $15 - $30 - $10 = $30

The $45 resulting from the debt retired through issuance of common stock was not a financial operation, therefore it is not included in the cash flow form financial activities.

6 0
3 years ago
1. Visit a Web site for a company that sells products or services online. Then go to that company's corporate Web site. Compare
TiliK225 [7]

https://www.goodyear.com/

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6 0
3 years ago
Read 2 more answers
Fred is willing to pay $5 for his first slice of pizza and $4 for his second slice of pizza. If the price is $3, and Joe buys tw
lesya [120]

Answer:

D) $3

Explanation:

Consumer Surplus refers to the difference between the actual price paid by a consumer and the price the consumer was willing to pay. Surplus arises in cases wherein the price consumer was willing to pay exceeds the price he actually paid.

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Thus, his total consumer surplus can be calculated as $9 - $6 = $3  

8 0
3 years ago
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