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asambeis [7]
3 years ago
14

Find the principal needed now to get the given​ amount; that​ is, find the present value.To get $ 90 after 2 and three fourths y

ears at 6​% compounded continuouslyThe present value of $ 90 is $ nothing .​(Round to the nearest cent as​ needed.)
Business
1 answer:
Kisachek [45]3 years ago
6 0

Explanation:

For continuous compounding, we use the following formula

FV_{N} = PVe^{i  N}

<u>Scenario 1 : </u>

FV = $ 90

N = 2 years

I = 6%

PV= ?

FV_{N} = PVe^{i  N}

90 = PVe^{(0.06) (2)}

\frac{90}{e^{(0.06) (2)}}  = PV

PV = 79.8228

PV = $ 79.82

<u>Scenario 2:</u>

FV_{N} = PVe^{i  N}

90 = PVe^{(0.06) (3)}

PV = $ 75.17

<u>Scenario 3:</u>

FV_{N} = PVe^{i  N}

90 = PVe^{(0.06) (4)}

PV = $ 70.80

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Although New York State is second only to Washington State in production of​ apples, its production has been declining during
SCORPION-xisa [38]

Answer:

1. Increase in number of orchards

2. Increase in housing prices

Explanation:

1. What effect is the new diet likely to have on the number of apple orchards within 100 miles of New York City?

There is going to be increased demand for apples due to this new diet and this increase in demand is going to bring about a hike in the price for apples. This price increase would make business to be viable for these apple farmers. More people would want to own orchards just to make money out of the boom in apples. Because apple farming now seems to be more profitable than other activities. <u><em>So this would cause the number of apple orchards that are within 100 miles of new york city to increase.</em></u>

2.  What effect is the diet likely to have on housing prices in New York City?

  • There would be an increase in housing prices in New york city as farmers would rather be planting apples on these lands instead of sellng them to developers for building houses. There would be a decrease in the supply of housing in New york.
4 0
3 years ago
Which of the following statements best describes a chart of accounts?
krok68 [10]
The right answer for the question that is being asked and shown above is that: "d. It s a list of account titles in the order in which they can be found in the ledger." The statement that best describes a chart of accounts is that d. It s a list of account titles in the order in which they can be found in the ledger.<span>
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8 0
3 years ago
Wiley Company purchased new equipment for $60,000. Wiley paid cash for the equipment. Other costs associated with the equipment
user100 [1]

Answer:

The cost recorded for the equipment=$66,500

Explanation:

When dealing with the total cost of an equipment we take the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;

T=P+A

where;

T=total cost

P=purchase cost

A=additional costs(transportation cost+sales tax+installation cost)

In our case;

T=unknown

P=$60,000

A=(1,000+3,000+2,500)=$6,500

replacing;

T=60,000+6,500=66,500

The total cost=$66,500

The cost recorded for the equipment=$66,500

4 0
3 years ago
What Amendments make up what are known as the Miranda Rights?
pantera1 [17]
I believe its B) the fourth and fifth
3 0
3 years ago
Read 2 more answers
In making the best economic choices, consumers compare the benefits of the choice to:.
ikadub [295]

In making the best economic choices, consumers compare the benefits of the choice to the cost of the choice.

<h3>How to make the best economic choices?</h3>

In making the best economic choices, the costs of the choice should be compared with the benefits of the choice. The choice should only be made when the benefits of making the choice exceeds the cost of the choice.

To learn more about costs, please check: brainly.com/question/14915288

#SPJ1

5 0
2 years ago
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