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Pavel [41]
3 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:
algol133 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  

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Reil [10]

Answer: To meet the requirements, he needs to constantly change product state to condition in his exported feed. The best way to do this each time: <u><em>Submit his feed without changing it, and then use feed rules to automatically change product state to condition.</em></u>

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<u><em>Therefore, the best option in this case is (a)</em></u>

3 0
3 years ago
Why did I did attack Paris in 2015
loris [4]

i would guess either to intimidate the u.s. or because of certain religous beliefs!

Hope this helps!

7 0
3 years ago
The multiplier for a futures contract on a stock market index is $50. The maturity of the contract is 1 year, the current level
jolli1 [7]

Answer:

The cash flow mark to market proceeds = $754.45

Explanation:

The current index value after 12 months = current stock index * (1 + risk free - dividend yield)^12

= 1800 * (1 + 0.50% - 0.20%)^12

The current index value after 12 months = 1865.88

The future index value after 12 months = future stock index * (1 + risk free - dividend yield)^12

= 1820 * (1 + 0.50% - 0.20%)^11

The future index value after 12 months= 1880.97

The cash flow mark to market proceeds = (future index future value - current index future value) * multiplier

= (1880.97 - 1865.88) * 50

The cash flow mark to market proceeds = $754.45

5 0
3 years ago
E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first di
Aloiza [94]

The value of current stock price is equal to $57.93

<u>Explanation:</u>

Given dividend = $20 per year

The calculation of current stock price is as follows:

The Stock price at the beginning of 20th year is equal to = $20 divided by 8 percent = 250

Current stock price ( present value ) = \mathrm{FV} /(1+\mathrm{r})^{\wedge} \mathrm{n}

=\$ 250 /(1+0.08) \wedge 19

After calculating, we get, 57.92801

Therefore, the value of current stock price is equal to $57.93 (rounded off to 2 decimal places).

7 0
3 years ago
On December 1, Marzion Electronics Ltd. has three DVD players left in stock. All are identical, all are priced to sell at $161.
Leni [432]

Answer:

$208

Explanation:

Using the FIFO Inventory method, inventory items are assumed to be sold in the order in which they were purchased from the earliest to the latest.

The order of purchase of the inventory items are.

Jun. 1, DVD Player 1012, $113

Nov. 1, DVD Player 1045, $95

Nov. 31, DVD Player 1056, $88

Therefore, if two of the three items are sold, the cost of goods sold is the cost of the first two items purchased

= 113 + 95 = $208.

4 0
3 years ago
Read 2 more answers
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