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nikdorinn [45]
3 years ago
9

Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 8% compounded semiannually for 10 years

Business
1 answer:
Andre45 [30]3 years ago
4 0

Answer:

$17,866.85

Explanation:

Use the following formula to calculate the compound amount

Compound Amount = Future value of deposit - Initial deposit

Where

Future value of deposit = Initial Deposit x ( 1 + Periodic interest rate )^numbers of compounding periods = $15,000 x ( 1 + ( 8% x 6/12 ) )^(10 x 12/6 ) = $32,866.85

Initial Deposit = $15,000

Placing values in the formula

Compound Amount = $32,866.85 - $15,000

Compound Amount = $17,866.85

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Answer:

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Explanation:

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This approach has the advantage of saving time over the traditional process of passing a new product from one department to another.

5 0
3 years ago
Fama’s Llamas has a weighted average cost of capital of 10.9 percent. The company’s cost of equity is 12 percent, and its pretax
mojhsa [17]

Answer:

0.2

Explanation:

The weighted average cost of capital (WACC) is calculated as below:

WACC = (D/A) x r_D x (1-t) + (E/A) x r_E , where:

A: Market value of company asset;

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Rearrange above formula a bit, we get:

WACC = (D/A) x r_D x (1-t) + (1 - D/A) x r_E

Putting all the numbers together, we have:

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Solve the equation, we get D/A = 17% or D/E = 0.2

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4 0
3 years ago
Heather's interest and gains on investments for the current year are as follows:
Leviafan [203]

Answer:

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Answer:

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