Answer:
FV= $159,840.60
Explanation:
Giving the following information:
Initial investment= $1,000
Number of years= 2016 - 1912= 104
Interest rate= 5%
<u>To calculate the value of the investment today, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 1,000*(1.05^104)
FV= $159,840.60
Answer:
$30,320
Explanation:
With regards to the above, the cost of the truck would be
= Cash price $26,470 + Sales tax $1,660 + Painting and lettering $2,190
= $30,320
Answer:
c. $79,790
Explanation:
The computation of the note and interest collected at maturity date is showb below:
Maturity value = Principal + interest
where,
Principal is $79,000
And, the interest is
= $79,000 ×30 days ÷ 360 days × 12%
= $790
So, the maturity value is
= $79,000 + $790
= $79,790
Hence, the maturity value is $79,790
Therefore the correct option is c.
Variable costs.
Hope that helps, Good luck! (:
