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agasfer [191]
2 years ago
15

Milo decides to invest $1,500 in a savings account every year at the beginning of the year for 10 years. Assuming an interest ra

te of 7%, how much will Milo have at the end of the 10th year

Business
1 answer:
irina1246 [14]2 years ago
4 0

Answer:

$22,175.40

Explanation:

For this question, we use the Future value formula that is shown on the attachment below:

Provided that,  

Present value = $0

Rate of interest = 7%

NPER = 10 years

PMT = $1,500

The formula is shown below:

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

So, after solving this, the future value is $22,175.40

Therefore, the amount at the end of the year is $22,175.40

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Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cum
emmasim [6.3K]

Answer:

$6,000

Explanation:

The computation of the dividend amount distributed to preferred shareholders is shown below:

= Number of non-cumulative preferred stock shares × par value per share × dividend rate

= 10,000 shares × $10 × 6%

= $6,000

In the case of the non-cumulative preferred stock, if there are dividend arrears, the same is not paid.

Simply we multiplied the preferred stock share by the par value and the dividend rate so that the estimated value can come

4 0
2 years ago
If a client has critical complaints such as discrimination, unfair practices or false advertising, what should i do?
Mrrafil [7]

Answer:

Depends if the accusations are true or not.

Explanation:

If the client has hard solid proof of these claims then you should try apologizing and stop false advertising, unfair practices, and discrimination. If the client doesn't have proof of these claims and is lying, you should try banning them from your buisness. Keep doing your job but be more aware of these things.

hope this helps :)

4 0
1 year ago
A company bought new heating system for $64,000 and was given a trade-in of $3,400 on an old heating system, so the company paid
zheka24 [161]

Answer:

$64,000

Explanation:

The Cost price of the item Acquired is measured at fair value. When the Fair Value of Both the Asset Acquired and Asset given up can be determined reliably, the fair value of the asset given up will be used. Unless, the fair value of the asset acquired is more evident, that value may be used.

<u>Measurement of New Heating System :</u>

Cash                           $60,600

Add Trade In Value      $3,400

Total                           $64,000

7 0
2 years ago
In most​ cases, the company is not simply seeking a sale.​ rather, it wants to engage the customer over the long haul in a​ ____
nexus9112 [7]
<span>In most cases, the company is not simply seeking a sale. rather, it wants to engage the customer over the long haul in a mutually profitable relationship. With this kind of goal, a company will have a higher chance of prosperity and stability in the long run.</span>
7 0
3 years ago
Max worked 48 hours last week. What is his gross pay for the week if his regular hourly pay is 13.50
Illusion [34]
The correct answer is $648
6 0
3 years ago
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