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weeeeeb [17]
3 years ago
6

Kern Company deposited $1,000 in the bank on January 1, 2017, earning 8% interest. Kern Company withdraws the deposit plus accum

ulated interest on January 1, 2019. Compute the amount of money Kern withdraws from the bank assuming that interest is compounded (a) annually, (b) semiannually, and (c) quarterly.
Business
1 answer:
GenaCL600 [577]3 years ago
7 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Kern Company deposited $1,000 in the bank on January 1, 2017, earning 8% interest. Kern Company withdraws the deposit plus accumulated interest on January 1, 2019.

We need to use the following formula:

FV= PV*(1+i)^n

A) i= 0.08 n=2

FV= 1000*(1.08^2)= $1,166.4

B) i= 0.08/2= 0.04    n= 4

FV= 1,000*(1.04^4)= $1,169.86

C) i= 0.02    n= 8

FV= 1,000*(1.02^8)= $1,171.66

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Explanation:

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solution

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Explanation:

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To reach to the money that we would need to have in the bank today to meet the expense over the next four years we use the following formula:

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3 years ago
Vaughn Manufacturing can sell all the units it can produce of either Plain or Fancy but not both. Plain has a unit contribution
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Answer:

Vaughn should produce Plain as it makes greater profit.

Explanation:

Vaughn Manufacturing can sell all the units it can produce of either Plain or Fancy but not both.

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There are 2400 machine hours available to manufacture a product.

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3 years ago
Regardless of quantity in long-run equilibrium, the industry price cannot exceed the?
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An extremely large number of vendors, each of whom makes a comparable or same product, make up a competitive market. The total of all these unique outputs, which each provider produces as a small portion of the market as a whole, represents the production of that industry. This includes dry cleaners, corner stores, barbershops, and florists.

A market that has just one supplier is considered a monopolist at the other extreme. Examples include the fact that the National Hockey League is the only provider of top-notch professional hockey matches in North America, Hydro Quebec is the province of Quebec's sole electricity supplier, and Via Rail is the only provider of passenger rail services between Windsor, Ontario, and the city of Quebec.

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When market supply and demand are in balance, prices become steady. This is known as equilibrium. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or under supply raises prices, which decreases demand.

To learn more about Equilibrium from the given link.

brainly.com/question/517289

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