1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pavel [41]
2 years ago
9

Quantitative Reasoning: Use the compound interest formula to determine the accumulated balance after the stated period. $6000 in

vested at an APR of 8% for 9 years. If interest is compounded annually, what is the amount of money after 9 years?
Business
1 answer:
algol132 years ago
3 0

Answer:

the amount of money after 9 years is $11,994.02

Explanation:

The computation of the accumulated balance after the stated period by using the compound interest formula is shown below:

Amount = Principal × (1 + interest rate ÷ n)^{nt}

= $6,000 × (1 + 8 ÷ 1 × 100)^{1 × 9}

= $6,000 × (1.08)^9

= $11,994.02

Hence, the amount of money after 9 years is $11,994.02 which is to be find out by using the above formula  

You might be interested in
Income statement information for Einsworth Corporation follows: Sales $1,500,000 Cost of goods sold 900,000 Gross profit 600,000
Semenov [28]

Answer:

A vertical analysis income statement uses Sales as a base and makes everything else a percentage of sales.

                                            Vertical Analysis Statement

                                                     Amount                     Percentage

Sales                                       $1,500,000                         100%

Cost of Goods sold                ($900,000)                          60%

Gross Profit                               $600,000                          40%

Cost of Goods sold percentage = 900,000 / 1,500,000

= 60%

Gross Profit percentage = 600,000 / 1,500,000

= 40%

6 0
2 years ago
An investment, which is worth 26,800 dollars and has an expected return of 4.28 percent, is expected to pay fixed annual cash fl
Dennis_Churaev [7]

Answer:

Present Value =  $22,663.69

Explanation:

<em>The present value of a sum expected in the future is the worth today given an opportunity cost interest rate. In another words ,it is amount receivable today that would make the investor to be indifferent between the amount receivable today and the future sum.</em>

The present value of a lump sum can be worked out as follows:

PV = FV × (1+r)^(-n)

PV - Present value - ?

FV - Future value - 26,800

r- Interest rate per period - 4.28%

n- number of periods- 4

PV = 26,800 × (1.0428)^(-4)=22,663.69

PV =  $22,663.69

7 0
3 years ago
The advertising department for the Pennzoil Corporation is working on a print advertisement for a new product. At this point, th
Feliz [49]

Answer:

C) signature

Explanation:

In marketing, signature refers to the identification of the advertisement's sponsor, i.e. the advertisement is paid for by whom. Generally if you see and advertisement for Coke, you can assume that the advertisement sponsor was the Coca Cola company, but other times advertisements are not that direct and straight forward.

But even in Coke ads, the sponsor must be identified, that is why the signature is necessary and it is generally placed in the bottom part of the ad written in a very small letter.

7 0
2 years ago
Read 2 more answers
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production
Blizzard [7]

Answer:

$3,500

Explanation:

Under variable costing method, product costs are calculated on variable manufacturing  costs only.

Step 1 : Determine unit Product Cost

Product Cost = Variable Manufacturing Costs

                      =  $ 35

Step 2 : Determine the units in Inventory

Units in Inventory = Opening Stock + Production - Sales

                              = 0 +  7,210 - 7,110

                              = 100 units

Step 3 : Determine Inventory value

Inventory value = Units x Cost per unit

                           = 100 units x $ 35

                           = $3,500

Conclusion :

the ending inventory of finished goods under variable costing would be: $3,500

3 0
2 years ago
________ covers the expression of creative ideas such as documents, web content, movies, musical compositions, lectures, and com
nata0808 [166]

The best answer to the question is (D) copyright law.

Copyright law is defined as <u>exclusive rights that a creator has for his or her creations, which encompasses literary and artistic works, such as ones mentioned in the question: musical compositions, movies, web content, etc. </u>

The other options are unsuitable since <em>patent protection</em> is for inventions, <em>trademark theory</em> is for companies and their products, while<em> free-market case law </em>does not refer to an actual set of laws.

7 0
3 years ago
Other questions:
  • The following information is available for Wonderway, Inc., for 2018: Factory rent $ 28,300 Company advertising 20,200 Wages pai
    13·1 answer
  • On December 31, 2017, Beta Company had 320,000 shares of common stock issued and outstanding. Beta issued a 7% stock dividend on
    14·1 answer
  • Genna Raiter, the president and CEO of Car Keepers Garage, has asked several of her managers and employees to help establish a s
    7·1 answer
  • To achieve and maintain physical fitness, exercise intensity should be ________ of the maximal heart rate.
    6·2 answers
  • In general, firms should use their weighted average cost of capital (WACC) to evaluate capital budgeting projects because most p
    13·1 answer
  • Ways to "produce for inventory" that result in increasing operating income include ________.
    11·1 answer
  • Residents of your city are charged a fixed weekly fee of $6 for garbage collection. They are allowed to put out as many cans as
    15·1 answer
  • Ben quit his job as an economics professor to become a golf professional. He gave up his $30,000 salary and invested his retirem
    7·1 answer
  • The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000),
    9·1 answer
  • which costs of inflation could the government reduce without reducing inflation? a. arbitrary redistributions of wealth b. shoel
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!