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maksim [4K]
3 years ago
7

Anakin puts $600 per year (starting today) into a retirement account. The account pays 5% effective annual interest. How much wi

ll Anakin have in this account immediately after the deposit 4 years from today is made
Business
1 answer:
Lina20 [59]3 years ago
8 0

Answer:

$3,249.80

Explanation:

Time  Cash Flow

0            600

1             600  

2            600

3            600

4            600

Future Value of this cash flow at the end of year 4 = 600 * ((1+4%)^5 – 1)/4%

Future value = 600 * [(1+0.04)^5 - 1 ] / 0.04

Future value = 600 * (1.04^5 - 1) / 0.04

Future value = 600 * (1.216653 - 1) / 0.04

Future value = 600 * 0.216653/ 0.04

Future value = 600 * 5.416325

Future value = $3249.795

Future value = $3,249.80

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worty [1.4K]

Answer:Sideward Influence

Explanation:

Sideward Influence involves managing the project manager's peers to ensure collaboration, rather than competition.

It is however important to clarify their requirements of the project and their impacts on the project as separate groups.

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3 years ago
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Nutka1998 [239]

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Explanation:

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When they pick these valuation methods, it is important that the people who study their financial statements know the valuation and accounting methods used so that they can understand the figures.

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3 years ago
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umka2103 [35]

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Tonic refers to the primary note of a scale that the scale depends on, sometimes called the root.  

Most tunes begin and end with a similar tone which is the primary note, or tonic, in the scale. At that point you play notes from a scale you could hear that the music appears to float towards the main note, it resembles somewhere in the range of pressure is left until the point when you have achieved that first note. This phenomenon is called tonality.


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Free_Kalibri [48]

Answer:

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Explanation:

Hope this helps!

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