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HACTEHA [7]
3 years ago
12

fowler credit bank is offering 6.7 percent compounded dailyon its savings accounts. If you deposit $7000 today, how much will yo

u have in the account value in 5 years? value In 10 years? value In 20 years?
Business
1 answer:
goblinko [34]3 years ago
3 0

Answer and Explanation:

The computation of the future value in each case is shown below:

a. For 5 years, its is

Future value = Present value × (1 + interest rate)^number of years

= $7,000 × (1 + 0.067 ÷ 365 days)^ 5 × 365 days

= $7,000 × 1.397897

= $9,785.28

b. For 10 years, its is

Future value = Present value × (1 + interest rate)^number of years

= $7,000 × (1 + 0.067 ÷ 365 days)^ 10 × 365 days

= $7,000 × 1.954117

= $13,678.82

c. For 20 years, its is

Future value = Present value × (1 + interest rate)^number of years

= $7,000 × (1 + 0.067 ÷ 365 days)^ 20 × 365 days

= $7,000 × 3.818574

= $26,730.02

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Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following ann
expeople1 [14]

Answer:

Pecan Theatre Inc.

Average annual percentage return

                              Cost    Market   20Y1   20Y2  20Y3  20Y4  20Y5  20Y6

                                 per share

Preferred stock   $20.00 $25.00    2%        2%       2%      2%      2%      2%

Common stock    $15.00  $17.50    0%         0%       0%   0.7%   0.8%   0.11%

Explanation:

a) Data and Calculations:

Dividends:                              Cumulative               Common Stock

                                         Preferred Stock               Dividends

                                    Dividends   Per share                   Per share

20Y1,     $80,000           $80,000   $0.40                 $0           $0

20Y2,    $90,000             90,000   $0.40                   0           $0

20Y3,   $150,000           150,000   $0.40                   0           $0

20Y4,   $150,000           100,000   $0.40              50,000      $0.10

20Y5,   $160,000           100,000   $0.40             60,000       $0.12

20Y6,   $180,000           100,000   $0.40             80,000       $0.16

Average annual percentage return

                              Cost    Market   20Y1   20Y2  20Y3  20Y4  20Y5  20Y6

                                 per share

Preferred stock   $20.00 $25.00    2%        2%       2%      2%      2%      2%

Common stock    $15.00  $17.50    0%         0%       0%   0.7%   0.8%   0.11%

Average annual percentage return = Dividend per share/Initial Cost per share

7 0
2 years ago
Stephan's dream is to own his own hair styling salon. Which educational path
konstantin123 [22]

The educational path that will help him realize that goal is: C. 1,200 hour certificate course at a beauty college.

<h3>What is goals?</h3>

Goals can be defined as what a person have the plan to achieve and work towards achieving the set goals.

If his  dream was to have his own hair styling salon, 1,200 hour certificate course at a beauty college will be the best choice as it is the educational path that will enable him  to achieve his set goal.

Therefore the correct option is c.

Learn more about goals here:brainly.com/question/1512442

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4 0
1 year ago
How does a mayor-council system function?​
ValentinkaMS [17]

Answer:

The mayor is basically the city's chief executive, Meanwhile the council is the city's primary legislative body if you will. These make up general characteristics of a strong mayor council of governments . Therefore the mayor could or may appoint and remove departmental heads. The mayor can also draft and propose a budget to the city council basically.

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Fiona is a manager at tune in solutions. as a leader, she has complete authority to recruit and lay off employees. she also has
zzz [600]

Answer:

The answer is position power.

Explanation:

Position power refers to a type of power that an individual attains through occupying certain organizational positions or ranks. It is clear from the description in the question that Fiona’s manager position allows her to have the power to recruit, fire, reward, and punish her team members.

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3 years ago
One year after graduating from college, sam earned $42,000. each year, he earned $4000 more. what function, written in sequence
Shalnov [3]
Sam has $42,000 one year after graduating. So when he graduates from college, he would have $38,000.

The answer would be:
an=4,000n+38,000

Hope this helps!
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