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
nika2105 [10]
3 years ago
14

Chris plans on saving $4,000 a year at 4 percent interest for five years. Which one of these is the correct formula for computin

g the future value at Year 5 of these savings? Assume the payments occur at the end of each year. Click the answer you think is right. FVA $4,000 x [(1.04-1)10.04] FVA $4,000 x [(1.04-1)/0.04 FVA $4.000 x 1.04 FVA, $4,000 x [(1.04 -1/.04] x (1.04)
Business
1 answer:
pantera1 [17]3 years ago
8 0

Answer: Closest answer is: FVA $4,000 x [(1.04-1)/0.04

Explanation:

Because the deposit is constant and occurs every period, it is an annuity.

The formula for the future value of an annuity is:

= Annuity * ( (1 + rate)^number of periods - 1) / rate

Correct formula is therefore:

= 4,000 * ( ( 1 + 4%)⁵ - 1)  4%+

= 4,000 * ( 1.04⁵ - 1 ) / 0.04

Closest answer is: FVA $4,000 x [(1.04-1)/0.04

You might be interested in
Bob and Serena are married and file a joint income tax return. For 2018, their modified AGI is $70,000. Their daughter, Dawn, is
Bogdan [553]

Answer:

The American Opportunity Tax Credit (AOTC) that can be claimed is $2,500.

Explanation:

As of 2018, no changes have been made to the AOTC. By law, with a modified  adjusted gross income (MAGI) of $80,000 or less for single individuals and $160,000 or less for married filing jointly, the individuals can claim the full credit amount. It is a credit paid for an eligible student to cover education expenses, if in the first four years of postsecondary education. A maximum annual amount of $2,500 is given and an additional 40% of remaining amount (up to $1,000) if the tax owed falls to zero.

8 0
4 years ago
To accurately determine the financial performance of a company, it is necessary to compare the company's performance ________.
ratelena [41]

To accurately determine the financial performance of a company, it is necessary to compare its performance from <u>year to year</u>.

In order to accurately determine the financial performance of a company, financial statements are used in evaluating, which include the balance sheet,  statement of cash flows, and the income statement.

Financial performance indicators are quite necessary as they are quantifiable metrics which are used to measure how well a company is doing. Some companies also hire an outside accounting firm to audit the financial statements.

Hence, it is necessary to compare the financial performance of a company from year to year.

To learn more about financial performance here:

brainly.com/question/17307055

#SPJ4

6 0
2 years ago
Tyson is a supervisor for a company in the agroprocessing industry. He commands the respect, confidence, and loyalty of group me
Alika [10]

Tyson is "likely to score high on emotional intelligence".

<u>Explanation:</u>

Peter Salovey and John Mayer characterized emotional intelligence as the ability to track the feelings of one's own and others, to distinguish and properly mark various emotions, and to use emotional knowledge to direct thought and behaviour. There are five essential elements: self-awareness, self-regulation,empathy, inspiration and social skills, according to Daniel Goleman, who helped popularize emotional intelligence.

If you are lacking such intelligence, it is difficult to grasp how you are coming across to others. You feel confused because the message is not conveyed in a form that public can comprehend. But with training, people who are emotionally smart realize they don't express every idea beautifully.

5 0
3 years ago
The activity concerned with the production of goods and services is called​
kifflom [539]
Answer: Labor
Explanation: Human Resources (labor) The quantity and quality of human effort directed toward producing goods and services (also called labor).
8 0
3 years ago
A business owner makes 50 items by hand in six hours. She could have earned $10 an hour working for someone else. If each item s
ElenaW [278]

Answer:

Please see attachment.

Explanation:

5 0
3 years ago
Other questions:
  • A pharmaceutical company in 2016 is researching the market conditions for their newest cold medicine. They pull demographic data
    7·1 answer
  • Why is looking at cash flow an important step in a good financial plan?
    11·1 answer
  • Tom is taking a science test and he needs to get 80% of the 20 questions on the test right in order to pass. how many questions
    10·2 answers
  • why do you think many people are in jobs that are not satisfying? do organization help people craft satisfying and motivating jo
    14·1 answer
  • A medical researcher suggests that the new flu shot will prevent all forms of the flu, but it was never tested or proved to be t
    14·1 answer
  • QUESTION 5 Which of the following is a primary responsibility of the Federal Reserve Bank? Establish monetary policy Collect tax
    11·1 answer
  • Sweet Treats common stock is currently priced as $36.72 a share. The company just paid $2.18 per share as its annual dividend. T
    5·1 answer
  • If Jane attends graduate school, it will take her two years, during which time she will earn no income. She will pay a total of
    7·1 answer
  • The Capitalpoor Company is considering purchasing business machine for $100,000. An alternative is to rent it for $35,000 at the
    8·1 answer
  • A Lean Six Sigma project team is considering solutions to a problem. They have developed many ideas regarding how to improve the
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!