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Nata [24]
3 years ago
15

Suenette plans to save $600 at the end of Year 1, $800 at the end of Year 2, and $1,000 at the end of Year 3. If she earns 3.4 p

ercent on her savings, how much money will she have saved at the end of Year 3?
Business
1 answer:
Kay [80]3 years ago
5 0

Answer:

Total savings= $2,468.7

Explanation:

Giving the following information:

Suenette plans to save $600 at the end of Year 1, $800 at the end of Year 2, and $1,000 at the end of Year 3.

Annual rate= 3.4%

To calculate the final value of the investment, we need to apply the following formula to each deposit:

FV= PV*(1+i)^n

Deposit 1= 600*1.034^2= 641.50

Deposit 2= 800*1.034= 827.2

Deposit 3= 1,000

Total= $2,468.7

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When entrepreneurs develop new products,other companies also experience growth because they
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Four investment bankers need to cross a bridge at night to get to a meeting. They have only one flashlight and 17 minutes to get
RideAnS [48]

Answer:

Correct Answer:

The correct sequence of crossing include:

<em>First, the Analyst takes the flashlight and crosses the bridge with the Associate. This takes 2 minutes. </em>The Analyst then returns across the bridge with the flashlight taking 1 more minute (3 minutes passed so far). The Analyst gives the flashlight to the VP and the VP and MD cross together taking 10 minutes (13 minutes passed so far).

The VP gives the flashlight to the Associate, who recrosses the bridge taking 2 minutes (15 minutes passed so far). The Analyst and Associate now cross the bridge together taking 2 more minutes.<em> Now, all are across the bridge at the meeting in exactly 17 minutes.</em>

<em></em>

Explanation:

The above is the only logical way through which all of them could be able to cross the bridge while still arriving to the meeting at/on the exact time.

6 0
3 years ago
What purpose does tesla serve in the economy?
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Tesla has created over 1,500 jobs at its ATVM-supported facilities. The Department of Energy's investment in Tesla supports the commercial deployment of advanced technologies that help U.S. automakers remain competitive in the growing global advanced vehicle market. This is the purpose of tesla serving the economy.

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8 0
2 years ago
Shelton, Inc., has sales of $20 million, total assets of $18.2 million, and total debt of $9.1 million. Assume the profit margin
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Answer:

$1,800,000

Explanation:

Shelton incorporation has sales of $20,000,000

Total assets is $18.2 million

Total debt is $9.1 million

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Therefore the company net income can be calculated as follows.

= sales × profit margin

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Hence the company net income us $1,800,000

3 0
3 years ago
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