1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Damm [24]
2 years ago
12

Roy Gross is considering an investment that pays 7.60 percent. How much will he have to invest today so that the investment will

be worth $27,000 in six years? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to the nearest penny.) Amount to be invested today $
Business
1 answer:
Reptile [31]2 years ago
6 0

Answer:

He has to invest $16,803.32 so that the investment will be worth $27,000 in six years with a 7.6% interest rate.

Explanation:

Year 6: 27,000

Year 5: 27,000 - (27,000 x 7.6 / 100) = 27,000 - 2,052 = $24,948

Year 4: 24,948 - (24,948 x 7.6 / 100) = 24,948 - 1,896.05 = $23,051.95

Year 3: 23,051.95 - (23,051.95 x 7.6 / 100) = 23,051.95 - 1,751.95 = $21,300

Year 2: 21,300 - (21,300 x 7.6 / 100) = 21,300 - 1,618.80 = $19,681.20

Year 1: 19,681.20 - (19,681.20 x 7.6 / 100) = 19,681.20 - 1,495.77 = $18,185.42

Year 0: 18,185.42 - (18,185.42 x 7.6 / 100) = 18,185.42 - 1,382.10 = $16,803.32

You might be interested in
Creating value within business units can happen when a firm tries to find and acquire either poorly performing firms with unreal
Strike441 [17]

Answer:

Parenting.

Explanation:

The complexity of transitional business conditions creates a necessity for creating value through aggregation of various businesses in complex corporate enterprise, which provides it the character of a multi-business firm. Businesses may be defined as being regardless of the enterprise chooses to work as organizationally separate profit-responsible units. this can be primary done to create a fit between ways the business creation is been done.

6 0
2 years ago
At the beginning of his current tax year, David invests $13,410 in original issue U.S. Treasury bonds with a $10,000 face value
vagabundo [1.1K]

Answer:

The amount of income that David will report this year if he elects to amortize the bond premium is $455.94.

Explanation:

This can be calculated as follows:

Interest income = Carrying value of the bond * Yield to maturity…………….. (1)

Where;

Carrying value of the bond = $13,410

Yield to maturity = 3.4%

Substituting the values into equation (1), we have:

Interest income = $13,410 * 3.4% = $455.94

Therefore, the amount of income that David will report this year if he elects to amortize the bond premium is $455.94.

6 0
2 years ago
The difference between distributive negotiation strategies and integrative negotiation strategies is that (1) distributive strat
Karolina [17]

Answer:

C. The second statement is correct

Distributive strategies focus on dividing the pie and integrative strategies on expanding the pie.

Explanation:

Distributive negotiation is a type of negotiation that both parties agrees to sharing existing resources within themselves so that they can part ways and it's mostly a win-lose situation while the integrative negotiation is a type where both parties seek to further expand the existing resources be looking forward to a collaborative process, it's always a win-win situation for both parties.

5 0
3 years ago
A limited partnership
LenKa [72]
Is that the question or what i need info.XD
4 0
3 years ago
While the four Ps help us remember the basics components of the __________, they don't reveal all the components in the marketin
nata0808 [166]

Despite that 4Ps helped to remember the basics components of the <u>marketing mix</u>, they do not reveal all the components in the marketing process.

<h3>What is Marketing 4Ps?</h3>

The Marketing 4Ps is an economic model that enhances the components of a firm "marketing mix", that is, they enhance the way firm take a new product or service to market.

The Marketing 4Ps includes price, product, promotion and place.

However, the marketing mix does not reveal all the components in the marketing process.

Read more about Marketing 4Ps

<em>brainly.com/question/859394</em>

3 0
2 years ago
Other questions:
  • When marx argued that capitalism “reproduces the class structure,” he meant that?
    12·1 answer
  • You have​ $675 today which is enough to buy 375 bottles of Diet Pepsi. If the price of Diet Pepsi is expected to increase by​ 4%
    9·1 answer
  • Vaughn Manufacturing's prepaid insurance was $197000 at December 31, 2021 and $90300 at December 31, 2020. Insurance expense was
    9·1 answer
  • You run a nail salon. Fixed monthly cost is $5,518.00 for rent and utilities, $6,014.00 is spent in salaries and $1,613.00 in in
    12·1 answer
  • Professional auditing standards identify the principal "management assertions" that underlie a set of financial statements. The
    8·1 answer
  • Wayne, Inc., wishes to expand its facilities. The company currently has 5 million shares outstanding and no debt. The stock sell
    6·1 answer
  • Which of the followin is NOT a reason why the required return on a bond may differ form its par value?
    6·1 answer
  • What step in the investigative process would the development of timelines and interpretation of burn patterns be related to?
    15·1 answer
  • If Country A is an agricultural country and Country B has many cities and factories, it would make sense for
    12·1 answer
  • The advantages of using a franchising strategy to pursue opportunities in foreign markets include:.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!