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
Vlada [557]
3 years ago
8

What is the future value of $3,400 in 18 years assuming an interest rate of 8.7 percent compounded semiannually?

Business
1 answer:
Nady [450]3 years ago
5 0

Answer:

$15,747.34.

Explanation:

The Future Value of the Investment, FV can be determined using a financial calculator as follows :

Pv = - $3,400

n = 18 × 2 = 36

p/yr = 2

r = 8.70 %

Pmt = $0

Fv = ?

Using a Financial calculator, the Future Value of the Investment, FV is $15,747.34.

You might be interested in
Which calculation is needed to assess the component pieces of the operating section using the direct approach for the amount col
amid [387]

Calculation  needed to assess the component pieces of the operating section using the direct approach for the amount collected for sales is

Total potential cash - Ending accounts receivable balance.

Cash that is produced by a company's regular operating procedures is known as operating cash flow. Investors place a high value on a company's capacity to continually produce positive cash flows from its ongoing business operations.

The purpose of drawing up a cash flow statement is to see a company's sources and uses of cash over a specified time period.

You should first subtract any receivables that you are aware are unlikely to be collected before calculating cash collections from accounts receivable. This will leave you with your projected collectible accounts receivable.

To learn more about operating cashflow click here :

brainly.com/question/21322525

#SPJ4

8 0
2 years ago
The 2015 American Time Use survey contains data on how many minutes of sleep per night each of 10,900 survey participants estima
steposvetlana [31]

The population is the 10,900 respondents to the American Time Use Survey.

Explanation & Solution:

Statistics indicate that a large number of findings with similar features are related to in the population.

A sample is a subset from which it has been extracted.

"The American Time Usage survey for 2015 provides details about how many minutes of sleep every evening are assigned to each of 10,900 survey respondents.

An SRS of 100 participants (a plain random sample) has x = 514.4 minutes on average.

The size of the U.S. Time Utilization Survey is 10,900.

7 0
3 years ago
Communist countries usually have economies. A command economy that still allows private property and ownership is called. A comm
aalyn [17]

Answer:

1. command

2. socialism

3. communism

Explanation:

1. Communist countries usually have command economies.

2. A command economy that still allows private property and ownership is called a socialism.

3. A command economy in which the government controls everything is called communism.

8 0
3 years ago
Which platform is an employment website that helps job seekers to locate new job opportunities?
VashaNatasha [74]
Do you have answer choices?
 beacause there are multiple sites out there :)
6 0
3 years ago
Read 2 more answers
For various reasons related to trying to prevent a catastrophic recession during the pandemic, the federal government has and wi
Novosadov [1.4K]

Answer:

$0.316 trillion per annum

Explanation

According to the scenario, computation of the given data are as follow:-

Interest rate = 0.5% = 0.005

Government Borrows = $6 trillion

Time = 20 years

Required Uniform Annual Payment= Government Borrows × Interest Rate × [(1 + Interest Rate)^Time period ÷ (1 + Interest Rate)Time period] - 1

= $6 trillion × 0.005 × [(1 + 0.005)^20 ÷ (1 + 0.005)^20 - 1]

= $0.03 trillion × [(1.005)^20 ÷ (1.005)^20 - 1]

= $0.03 trillion × (1.1049 ÷ 1.1049 - 1)

= $0.03 trillion × (1.1049 ÷ 0.1049)

= $0.03 trillion × 10.533

= $0.316 trillion per annum

3 0
3 years ago
Other questions:
  • Under the FINRA Conduct Rules, a broker-dealer may charge a customer all of the following services except:_______.a. collection
    12·1 answer
  • Which of the following is a clear benefit of international marketing? expands the customer base for products and services allows
    14·1 answer
  • Over the first four years of a company's life, it earned the following net income (loss): $10,000; $5,000; $6,000, and ($4,000).
    9·1 answer
  • The odd-lot trading theory advocates that small investorsA) tend to buy high and sell low.B) react in a manner which generally f
    5·1 answer
  • Professional etiquette suggests you should send a(n) ____ to each person who agrees to meet with you in support of your career e
    8·2 answers
  • Toyota and Honda Shift Production to North America Toyota plans to stop exporting the Lexus RX to North America from​ Japan, bui
    5·1 answer
  • Kaycom, Inc. reports the following information:
    7·1 answer
  • Tory invested $600 a year for three years, then $700 a year for an additional four years. In year 9, she withdrew $1,500. She wi
    10·1 answer
  • Which one of the following statements about strategic groups and strategic group mapping is false?
    10·1 answer
  • Sherri is a self- employed house painter. she has no regular office, and she does not have a qualified office in her home. there
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!