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
Rzqust [24]
2 years ago
9

Suppose that you make a series of annual deposits into a bank account that pays 10% interest. The initial deposit at the end of

the first year is $1,200. The deposit amount decline by $200 in each of the next four years. How much would you have immediately after the fifth deposit? Group of answer choices
Business
1 answer:
snow_lady [41]2 years ago
7 0

Answer:

You will have $5,116 in the account.

Explanation:

a) End of 1st-year deposit of $1,200 will become $1,757 ($1,200 * 1.464) in four years' time.

b) End of 2nd-year deposit of $1,000 will become $1,331 ($1,000 * 1.331) in three years' time.

c) End of 3rd-year deposit of $800 will become $968 ($800 * 1.21) in two years' time.

d) End of 4th-year deposit of $600 will become $660 ($600 * 1.1) in a year's time.

e) End of 5th-year deposit of $400 will be $400 in 0 year's time.

f) The total will be $5,117 (a+b+c+d+e).

g) The future value factor is equal to 1.1ⁿ, where the discount factor is 10%.

You might be interested in
Handmade Soaps Company had operating expenses of $52,000. At the beginning of the year, Handmade Soaps owed $15,000 on accrued l
Softa [21]

Answer:

Cash Paid = $62000

Explanation:

To calculate the amount of cash paid by the business for operating expenses during the year, we use the following equation.

Cash Paid = Opening Accrued liability + Operating expenses for the year - Closing Accrued Liability

By plugging in the values for opening accrued liabilities, operating expenses for the year and closing accrued liabilities in the above formula, we can calculate the amount of cash paid for operating expenses.

Cash Paid = 15000 + 52000 - 5000

Cash Paid = $62000

3 0
2 years ago
Theresa works in a manufacturing plant where many of the male employees put up photographs of bikini-clad women in their work ar
MatroZZZ [7]

Answer: A hostile work environment.

Explanation:

Theresa's work place is a good example of a hostile work environment, as the workers and management of her company are not sensitive to female workers challenges. A hostile work environment is a work environment that makes it hard for an employee to carry out their job task.

5 0
3 years ago
Read 2 more answers
Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $30,000 to
postnew [5]

Answer:

A. $41,120.

Explanation:

Year    Description          Cash flow           Present [email protected]%

0       Equipment cost      ($30,000)                    ($30,000)

1-4      Additional CF           $24,000                    $69,929.10

4        Residual value            $2,000                       $1,184.16

Present value total                                                 $41,113.26

Based on the above calculation, the answer shall be A. $41,120.

8 0
3 years ago
Prompt What is advertising?
Semenov [28]
is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.
3 0
3 years ago
Read 2 more answers
Rocky Guide Service provides guided 1–5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead
o-na [289]

Answer:

Please find the complete question in the attached file.

Explanation:

Rocky believed there would be a 30\% possibility of a July bonus for touring, i.e < 50\%, from July 1-July 15 (10 days)-. Therefore no bonus can be calculated as \$2,400 / day trip \times 10 days =\$2,400 throughout this duration.

The expected 15-day revenues from 16th July – 31st July may well be calculated as \$2,400 \times 15 \ days = \$36.000. Rocky calculated that it would get the bonus 80\% of the time. Estimates a \$240/day\ bonus \times (10\ days + 15\ days) = \$6,000

3 0
3 years ago
Other questions:
  • If I currently sell 10,000 units, and my use of Formula 1 indicates that I will need to sell 500 additional units to justify my
    7·1 answer
  • Chuck Diesel Burger is a food truck in Houston, Texas. Imagine that Chuck Diesel Burger’s minimum average total cost (ATC) is $3
    14·1 answer
  • Which of these have played the greatest role in the spread of information in the 21st century?
    5·2 answers
  • Robert wants to get serious about saving for a new car. Which account would you recommend? Why?
    7·1 answer
  • Once values and ethical standards have been formally adopted, a company must …….. A. require every employee to memorize the comp
    8·1 answer
  • The board of directors of a tile manufacturing company meet to discuss the installment of a new high-end machinery. They all agr
    12·1 answer
  • If fixed costs are $450,000, the unit selling price is $75, and the unit variable costs are $50, the old and new break-even sale
    7·1 answer
  • Consider the following activities that take place in a veterinary clinic.
    11·1 answer
  • What actions might be taken to reduce the risk associated with a loan to start the business? Give examples please​
    14·1 answer
  • On January 1 of this year, Clearwater Corporation sold bonds with a face value of $ 750,000 and a coupon rate of 8 percent. The
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!