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Sindrei [870]
3 years ago
8

Towne Station is saving money to build a new loading platform. Three years ago, they set aside $23,000 for this purpose. Today,

that account is worth $31,406. What rate of interest is Towne Station earning on this investment?
Business
1 answer:
goldenfox [79]3 years ago
6 0

Answer:

Interest rate = 10.94%

Explanation:

The future value is the estimated worth of an investment at a specified time assuming a particular interest rate. The present value is the initial amount invested.

For Towne station the future value of their investment is $31,406, and three years ago they put in $23,000.

To get the interest rate we will use the following formula

Future value= Present value* {(1+ interest rate)^number of years}

31,406= 23,000* {(1+Interest rate)^3}

Interest rate = 0.1094~10.94%

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vichka [17]

Answer: The exchange rate pass through is 41.7 = 6.666666667%÷16%

Explanation:

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For every increase in 1% of the exchange rate, there has been a 41.7% increase in the current price of the DVD player.

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3 years ago
As people have become more healthminusconscious and decided to eat food that is better for them_________
vitfil [10]
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3 years ago
Cogswell cola purchased a machine for $237,500. The firm paid another $5,750 for delivery and installation. In addition the firm
Novay_Z [31]

Based on the cost of purchasing the machine and the delivery and installation fees, the initial outlay is $243,250

<h3>How much is the initial outlay?</h3>

This can be found as:

= Cost of purchasing machine + Installation and delivery cost

Solving gives:

= 237,500 + 5,750

= $243,250

Find out more on fixed asset capitalization at brainly.com/question/25355478

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3 0
2 years ago
Which Act is the amended from of the Consumer Credit Protection Act?
Andreyy89

the answer is c i hope this helps

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6 0
3 years ago
A conversion strategy whereby an organization uses the new system with select users/parts of the organization until issues are r
hoa [83]

Answer:

A) Pilot strategy

Explanation:

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This could also be a kind of experimentation to evaluate the feasibility of a system before deciding upon it's final implementation.

If the system under consideration matches the desired results, the organization proceeds with it's full implementation in the entire organization.

If not, necessary changes need to be incorporated in the system.

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4 years ago
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