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krek1111 [17]
3 years ago
5

Since your birth​, your grandparents have been depositing $ 100 into a savings account every month. The account pays 9​% interes

t annually. Immediately after your grandparents make the deposit on your 18th​ birthday, the amount of money in your savings account will be closest​ to:
Business
1 answer:
g100num [7]3 years ago
3 0

Answer:

Future Value= $53,635.17

Explanation:

Giving the following information:

Since your birth​, your grandparents have been depositing $ 100 into a savings account every month. The account pays 9​% interest annually.

First, we need to calculate the monthly interest rate:

Real interest rate= 0.09/12= 0.0075

Now, using the following formula, we can calculate the future value:

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

A= monthly deposit= 100

n= 18*12= 216

i= 0.0075

FV= {100*[(1.0075^216)-1]}/0.0075

FV= $53,635.17

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kodGreya [7K]

Answer:

$669,950

Explanation:

Computation of taxable income

Bali’s net book income before tax$605,800 Excess of book over tax depreciation25,600

Book gain on equipment sale$(23,000)

(53,000-27,400)

Tax gain on equipment sale38,000 15,000

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Nondeductible loss on sale to related party 23,550

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Taxable income$669,950

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Therefore the taxable income will be $669,950

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alukav5142 [94]

Answer:

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Explanation:

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3 years ago
If you are including a copy of your résumé with your cover letter, you should type _____ as the last word on your cover letter.
Fed [463]
P.S

Though including a P.S. on your cover letter may at first seem unprofessional, it actually stands for Post Script, and should be on the cover letter.

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krek1111 [17]

Answer:The Sixth Step determining the promotional mix, which tool to use , when and how much.

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Integrating the elements together depends on the product one is promoting, preferences of the customers, budget and general market conditions. The sixth step shows which tools and promotional mix to use to achieve the aim of the organization. Hugo is in the sixth step of the marketing planning process.

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