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tresset_1 [31]
2 years ago
15

At what constant, continuous rate must money be deposited into an account if the account is to contain $23000 in 7 years? The ac

count earns 3.5% interest compounded continuously.
Business
1 answer:
Stolb23 [73]2 years ago
8 0

Answer:

You will need to contribute $2,856.55 at the beginning of each period to reach the future value of $23,000.00.

Explanation:

Future value of investment = $23,000

Number of period = 7 years

Interest rate = 3.5% compounded annually

Using an online finance calculator:

FV (Future Value) $23,000.01

PV (Present Value) $18,077.80

N (Number of Periods) 7.000

I/Y (Interest Rate) 3.500%

PMT (Periodic Payment) $2,856.55

Starting Investment $0.00

Total Principal $19,995.82

Total Interest $3,004.19

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(C)

Explanation:

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Because common shareholders are entitled to the profits that remain after all of a corporation's other obligations have been met
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Because common shareholders are entitled to the profits that remain after all of a corporation's other obligations have been met, common shareholders are known as Residual owners.

<h3>What does Shareholders means?</h3>

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2 years ago
g "1. How would each of the following events change the equilibrium financial market value of a company? (a)an increase in its c
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Answer:

a. Decrease

b. Decrease

c. Decrease

d. Increase

e. Increase

Explanation:

a. When the company's cost of production increases, this reduces the amount of profits they make. A lower than expected profit margin is frowned upon in the Financial market therefore some people will sell their shares in the company which will have the effect of decreasing market value.

b. An increase in a firm's cost of financing signals an increase in the riskiness of a company. It also means that the company will be paying more on interest which will reduce profits. These 2 thing will drive some investors away thereby reducing the market value.

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e. Projected future profits can be used to calculate present value as well as serve as an indication of future profitability. Investors will buy more shares and drive up the market value.

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