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
mr Goodwill [35]
3 years ago
6

Your birthday is next week and instead of other presents, your parents promised to give you $2,100 in cash. Since you have a par

t-time job and, thus, don’t need the cash immediately, you decide to invest the money in a bank CD that pays 5.40 percent, compounded quarterly, for the next two years. How much money can you expect to earn in this period of time? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
Business
1 answer:
Nat2105 [25]3 years ago
6 0

Answer:

FV= $2,765.30

Explanation:

Giving the following information:

Present Value (PV)= $2,100

Interest rate= 0.054/4= 0.0135

Number of periods= 2*4= 8 quarters

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 2,100*(1.0135^8)

FV= $2,765.30

You might be interested in
A contribution approach income statement ______. reports both gross margin and net income is prepared primarily for external rep
kvasek [131]

Answer:

separates costs into fixed and variable component

can assist with management decision making

Explanation:

The contribution margin may be defined as when we deduct the expenses of the variable from sales. Where contribution margin shows the organization revenue is contributing to net income and fixed cost.

The statement of contribution margin income tells of the earnings at various stages of operations.

This report of income is not used for external reporting purposes but rather for internal decision making by the management.

Therefore according to the above description, the last two statements are correct.

6 0
2 years ago
Hayes Corporation has $522 million of common equity on its balance sheet and 9,000,000 shares of common stock outstanding. The c
mylen [45]

Answer:

sry need points

Explanation:

5 0
3 years ago
Duski, a very expensive brand of clothing and accessories, promotes its products by appointing famous personalities as its brand
kap26 [50]

Answer:

D. Admiration

Explanation:

One of the very convenient ways to answer this question is to eliminate the wrong choices. For instance, the use of a famous personality as a brand ambassador especially of a very expensive brand of clothing and accessories cannot be for health reasons (it is not a food item neither is it medicine, exercise or body product).

Also, it can't be fear or convenience. In fact, it is the opposite of convenience, because a very expensive brand of clothing and accessories will not be very financially convenient for a middle class community and will probably be most affordable to the high class in the society.

The obvious choice in this question is therefore admiration. People naturally admire famous personalities in the society for different reasons; they have attained a level of success, they are beautiful or graceful, they are rich or represent something the average person wants to become.

It is therefore, reasonable for people to want to by things in order to have a form of connection to the famous personality they admire who is the brand ambassador of that particular product.

Duski's appeal therefore, is that of admiration.

7 0
3 years ago
Jill frequently updates her attorney about business developments and she frequently reads blogs and trade articles related to he
Pachacha [2.7K]

Answer:

Being proactive

Explanation:

In business, being proactive refers to steps that a person take in order to keep taking new initiatives that can improve the business.

This can be seen In Jill's actions.

she read blogs, trades articles and continue to communicate about the legalities on her business.

What she's doing will increase her knowledge in the market and prevent unnecessary cost that might occurs from legal issues. Both of these would most likely increase the chance of her success.

6 0
3 years ago
WHAT DO PAYROLL TAXES HELP FUND
dimaraw [331]
It's a federal tax in the U.S. that must be paid by both employees and employers in order to fund both Social Secrity and Medicare. Hope this helps.
5 0
3 years ago
Other questions:
  • At the beginning of the year, Bryers Incorporated reports inventory of $7,700. During the year, the company purchases additional
    5·1 answer
  • How does innovation promote economic growth?
    7·1 answer
  • Which firm is likely to see its profits reduced the most in a recession: an automobile producer, a manufacturer of boots and sho
    10·1 answer
  • Illustrate your understanding of how to use the adjusted trial balance to prepare a statement of retained earnings by completing
    5·1 answer
  • Once a document conveying an interest in real property is placed in the public records it is binding on the public, whether or n
    8·1 answer
  • How long should you wait before republishing a piece of content to a new website? You shouldn’t wait. Republish it immediately.
    10·1 answer
  • What is an example of an interest leading to a career choice
    14·1 answer
  • Item65eBookItem 65When managers identify a market trend that suggests a new opportunity and then devise a strategy to go after t
    5·1 answer
  • 9. When Margot applies for a loan, she needs to demonstrate to the bank that she has capital. What could she show them to best d
    5·1 answer
  • When conducting a formal marketing/sales event, there are elements that you must cover in order for your presentation to be comp
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!