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mel-nik [20]
3 years ago
8

The Masterson family is setting up a vacation fund, and they plan on depositing $1,000 per quarter in an investment that will pa

y 12% annual interest. What amount will they have available for their vacation at the end of 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Business
1 answer:
natali 33 [55]3 years ago
6 0

Answer:

$8,892.34

Explanation:

This question is an ordinary annuity type of question. It can be solved using a financial calculator. Input the following to solve for the future value of the annuity deposits;

Recurring payment; PMT = -1,000

Duration of investment; N = 2*4 = 8 quarters

One-time present cashflow; PV = 0

Quarterly interest rate ; I = 12% /4 = 3%

then compute the future value ; CPT FV = $8,892.34

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Once a firm has gained insights from doing qualitative research, it is likely to engage in ______ research, which are structured
Allushta [10]

Answer:

Quantitative

Explanation:

The reason is that a good research report includes qualitative and quantitative research. Qualitative research is non numerical data and it give information which helps in meaning making whereas the quantitative research is a research in which the researcher tries to find the numerical relation using quantifiable data, which is investigated through number of means which includes use of mathematics, principles, etc techniques to extract data. So the qualitative research is done here and the only thing the company requires is quantitative data.

3 0
3 years ago
For most products higher prices
kogti [31]
That’s like the quarantine lol but just a bit higher
3 0
4 years ago
For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 de
snow_lady [41]

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

In the first case,

Future value = $2,050 × (1 + 0.12)^12

                     = $2,050 × 3.895975993

                     = $7,986.75

In the second case,

Future value = $8,352 × (1 + 0.10)^6

                     = $8,352 × 1.771561

                     = $14,796.08

In the third case,

Future value =  $72,355× (1 + 0.11)^13

                     = $72,355 × 3.883280163

                     = $280,974.74

In the fourth case,

Future value = $179,796 × (1 + 0.07)^7

                     = $179,796 × 1.605781476

                     = $288,713.09

4 0
3 years ago
What is the best investment option for a person who wants to make a long term tax free investment
jenyasd209 [6]
Joint-stock company
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3 years ago
5. If an office makes equipment available in all offices and to all departments, then the firm is
maksim [4K]

True.......

plz mark me as brain list

3 0
3 years ago
Read 2 more answers
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