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Mumz [18]
4 years ago
15

How much would $500 invested at 8% interest compounded continuously be worth after 3 years? round your answer to the nearest cen

t?
Business
1 answer:
bonufazy [111]4 years ago
4 0
Amount of investment after n years at continuous compounding is givent by A = Pe^rn; where P is the initial investment, r is the rate.

Therefore, the value of $500 invested at 8% interest compounded continuously is given by 500e^(0.08 x 3) = 500e^0.24 = 500 x 1.2712 = $635.62
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Complete the sentences with the correct function of money. Norah walks into her favorite department store, Bullseye, to pick out
Illusion [34]

Answer: Unit of account

Store of value

Medium of exchange

Explanation: Money has three functions:

Unit of account

Store of value

Medium of exchange

Unit of Account- Money can be used as a measure in determining value of goods and services. Norah compared the price of the dress to determine the dress costs less.

Store of value- money retains it value over periods of time, therefore it can be used to store value. Norah is saving money in a piggy bank.

Medium of exchange - money is used to facilitate transactions: it can be used to exchange for goods and services. Norah exchanged money for a dress.

I hope my answer helps.

4 0
3 years ago
Tax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet if
marysya [2.9K]

Answer:

(A.) the future tax rates have been enacted into law.

Explanation:

In case when the rate of tax instead of the current tax rate used to compute the deferred amount related to income tax for the balance sheet if the rate of future tax is enacted in law i.e means when the future tax rate imposed under the taxation rules and regulations

Therefore option A is correct and the other options are incorrect

8 0
3 years ago
Darnell lives in an area where labor is plentiful and locations for start-ups are relatively cheap. He is also confident that he
yKpoI14uk [10]

Answer:

B) Entrepreneurship and knowledge

Explanation:

For Darnell, labor is readily available.  The many locations where he can set up his business represents land.  He is sure to get start-up funds, which is capital.  Out of the four factors of production, he now needs entrepreneurship skills and knowledge.

Entrepreneurship is the art of creating a new business and managing it to profitability.  It involves taking risks associated with pursuing a business opportunity. Darnell is the entrepreneur in this case. He has to coordinate all the other factors of production and make them work as a unit. He needs the knowledge to start and manage the business to make it successful.

5 0
3 years ago
As a company owner, you are trying to grow your party supply sales by reaching new customers. You know most of your customers ar
Anton [14]

Answer:

The answer is: Customer segmentation

Explanation:

Customer segmentation happens when you divide your customers into groups whose members are similar in specific ways (in a marketing sense). Customers are usually segmented by age, gender, spending habits, geographical location, etc.

In this case the customers were segmented into two groups::

  • college students  
  • midsize and small-size businesses

3 0
3 years ago
How might firms BEST use marginal analysis to determine price and output when there are additional costs related to hiring a new
wel

Answer:

bruh ok look its A

Explanation:

because this fool just got me wrong

7 0
4 years ago
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