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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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Delegation of Authority

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Often the delegation of authority looks like this:
Top level management
Middle level employee
Low level employee
Operating level employee
7 0
3 years ago
The government wants to set the socially optimal level of nitrogen runoff, and government regulators believe that the actual mar
Lena [83]

Answer:

Hello your question is incomplete attached below is the complete question

Explanation:

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D = DEMAND

P = PRICE

DWL with quota = 0.5 [ ( $10 -$6 ) * (12 - 8 ) ]

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6 0
2 years ago
Circumstances) People, constraints, and consumption are some of the key factors that will impact on your critical thinking and s
zimovet [89]

Answer:

True

Explanation:

Critical thinking is the thinking that deals in analyzing the facts so that the judgment could be created. It involves various things like rationality, non-biased, proof-based on facts provided, etc

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8 0
2 years ago
Greg, a landscaper, is planning on opening his own landscaping company. He currently earns $50,000 per year working for his uncl
schepotkina [342]

Answer: $52,840

Explanation:

The opportunity cost are the benefits he will give up to pursue his current venture of landscaping.

= Salary from working for uncle + Interest on the Savings to be used in business + Difference in market value if he waits till the end of the year

= 50,000 + (7% * 12,000) + (12,000 - 10,000)

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7 0
2 years ago
A property is being appraised using the income capitalization approach. Annually, it has an estimated gross income of $48,000, v
lions [1.4K]

Answer:

$368,000

Explanation:

In order to appraise the property using the capitalization approach, we must first determine a net cash flow:

net cash flow = $48,000 - $3,600 - $15,000 = $29,400

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A property is being appraised using the income capitalization approach. Annually, it has an estimated gross income of $48,000, vacancy and credit losses of $3,600, and operating expenses of $15,000. Using a capitalization rate of 8%, what is the property's value (rounded up to the nearest $1,000)?

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3 years ago
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