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True [87]
3 years ago
6

How much money will you have in a savings account that earns 16% annually in 10 years if you invest $5000 per year?

Business
1 answer:
klio [65]3 years ago
3 0

Answer:

The final value is $106,607.35.

Explanation:

Giving the following information:

n= 10 years

i= 16%

Annual deposit= $5,000

To calculate the final value we need to use the following version of the final value formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,000*{(1.16^10)-1]}/0.16= $106,607.35

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Answer:

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Gross Profit                                                                                292,800

Less Operating Expenses

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Net Income                                                                                 $36,600

Explanation:

Absorption Costing Considers BOTH variable and fixed costs in product cost.Non-Manufacturing are treated as period costs.

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3 years ago
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Answer:

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Explanation:

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Answer:

Explanation:

This is the correct answer

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Answer:

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