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
iris [78.8K]
3 years ago
8

In order to purchase a new freezer in 4 years, the Steakhouse Restaurant has decided to deposit $1,700 in an account that earns

2% per year compounded monthly for 4 years. How much money will be in the account in 4 years
Business
1 answer:
trapecia [35]3 years ago
6 0

Answer:

$ 1844

Explanation:

A = P (1 + r / n) ^ nt ; where

A = Final Amount , P = Principal base, r = Interest rate , t = no. of time periods (usually years) , n = compounding in a time period (annually)

Given : P = 1700 , r = 2% , t = 4 , n =  12

A = 1700 [ 1 + 0.02 / 12 ] ^ (12 x 4)

1700 [ 1 + 0.0017 ] ^ (12 x 4)    

1700 [ 1.0017 ] ^ 48  

1700 [1.0849]

= 1844

You might be interested in
What is this?(Реализуем системы автоматического управления для производственных нужд,личных подсобных хозяйств.Повышенная надежн
Contact [7]
Google translates it to English like this: "we implement automatic control systems for production needs, personal subsidiary farms. Increased reliability, hog accuracy, fast-installed. Always available in a warehouse in Samara.. Website: nproast.ru
4 0
3 years ago
Read 2 more answers
The Classical Theory is based on the assumption that an economy has ______________ or, if nudged away, quickly returns to that c
Neporo4naja [7]

Answer:

c. full employment

Explanation:

The classical theory refers to a theory in which there is an existence of the full employment. The unemployment would be arise by including the legislation of the trade union and the legislation of the minimum wages in the market system i.e. free based.

Therefore according to the given situation, the option c is the correct and the same is to be considered

5 0
3 years ago
If the windshield division is operating at full capacity, what transfer price should be used on transfers between the windshield
Nikolay [14]

The possible transfer prices that could be used on transfers between the Windshield and Assembly divisions is $200 to $450.

The first piece of glass you see on most cars is the windshield. Also known as European car windshield. Windshields play an important role in supporting the vehicle structure and protecting the driver and passengers. The windshield protects occupants from wind, dust, insects, rocks and other flying objects and provides an aerodynamically shaped front panel. By applying UV coating, you can block harmful ultraviolet rays.

However, most car windows are made of laminated safety glass, so this is usually unnecessary. Most of the UV-B is absorbed by the glass itself and the remaining UV-B is absorbed by the PVB tie layer along with most of the UV-A.

Learn more about windshields brainly.com/question/15532277

#SPJ4

7 0
2 years ago
Smart Manufacturing budgeted costs for 50,000 linear feet of block are: Fixed manufacturing costs $24,000 per month Variable man
Gekata [30.6K]

Answer:

$664,000

Explanation:

The computation of the budgeted total manufacturing cost is shown below:

Budgeted total manufacturing costs is

= Fixed cost + Variable cost

= $24,000 + ($16 × 40,000 linear feet of block)

= $24,000 + $640,000

= $664,000

We simply added the fixed cost and the variable cost so that the total budgeted manufacturing cost could come

3 0
3 years ago
A $1000 par value bond with 5 years to maturity and a 6% coupon has a yield to maturity of 8%. Interest is paid semiannually. Ca
Katarina [22]

Answer:

$918.89

Explanation:

For computing the current price of the bond we need to apply the present value formula i.e to be shown in the attachment

Given that,  

Future value = $1,000

Rate of interest = 8%  ÷ 2 = 4%

NPER = 5 years × 2 = 10 years

PMT = $1,000 × 6% ÷ 2 = $30

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the current price of the bond is $918.89

7 0
3 years ago
Other questions:
  • What are the most important reasons why eCommerce has seen explosive growth in recent years? In your opinion, will this growth i
    8·1 answer
  • Whistle works sells each whistle for $12. They have a desired ending inventory for production of 20% of the next months budgeted
    5·1 answer
  • Tara deposits money into an account with a nominal interest rate of 6 percent. She expects inflation to be 2 percent Her tax rat
    8·1 answer
  • To adjust debt and institute a repayment plan, Bianca-who is not a corporation, a partnership, ora family farmer or fisherman-ma
    6·1 answer
  • Clorox sells five major product lines including cleaning, household, lifestyle, professional, and international. Together the pr
    5·1 answer
  • Which infant formula is typically the least expensive?
    11·1 answer
  • Kit Company borrows $5 million at 12% on January 1, 2016, specifically for the purpose of financing the construction of a buildi
    6·1 answer
  • Hewlett-Packard founders David Packard and William Hewlett strived to create a close-knit organizational culture that gave a lot
    12·1 answer
  • "________ are a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially in
    11·1 answer
  • Question 9 of 20
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!