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Natali5045456 [20]
3 years ago
14

You will receive $15,000 in two years when you graduate. You plan to invest this at an annual interest rate of 6.5%. How much mo

ney will you have 8 years from now?
a. $24,824.94.
b. $19,381.16.
c. $21,887.13.
d. $23,209.19.
e. $20,414.73.
Business
1 answer:
Sunny_sXe [5.5K]3 years ago
8 0

Answer:

FV= $21,887.13

Explanation:

Giving the following information:

Initial investment= $15,000

Number of periods= 6 years

Interest rate= 6.5% compounded annually

T<u>o calculate the future value of the investment, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 15,000*(1.065^6)

FV= $21,887.13

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Answer:

This is the table that the question is referring to:

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5              4             2

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Total market demand is the sum of the individual market demands. In this market, it is the sum of the market demand of Jake and Sue.

Market demand at the price of $5 is 7 pizzas.

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Answer:

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<em>Variable / Incremental Operating</em>

<em>Costs</em>

Old Machine                                          124,750    

New Machine                                                                              97,800

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