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Zepler [3.9K]
3 years ago
7

Fern invested $6400 into a continuously compounded account with an interest rate of 1.5%. After 10 years, how much is the accoun

t worth
Business
1 answer:
777dan777 [17]3 years ago
6 0

Answer:

FV= $7,435.74

Explanation:

Giving the following information:

Initial investment= $6,400

Interest rate= 1.5%

Number of periods= 10 years

<u>To calculate the value of the account in ten years, we need to use the following formula:</u>

FV= PV*e^(i*n)

FV= 6,400*e^(0.015*10)

FV= $7,435.74

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antoniya [11.8K]
The owner of the  property, who allow  the lien, is relate to as  the Lienee and the person who has the advantage of the lien is referred to  as the  Lienor or Lien holder.
In the United States, the term lien usually pertain to a wide range of encumbrances and would involve other forms of mortgage or charge.
7 0
3 years ago
A proposed project has an initial cost of $38,000 and cash inflows of $12,300, $24,200, and $16,100 for years 1 through 3, respe
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Answer:

IRR is greater than required return by 17.38 - 16.8 % = 0.58 %

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Explanation:

given data

initial cost = $38,000

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solution

we consider here IRR is = x so

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we can say that it as

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solve it we get

x = 17.38%

here IRR is greater than required return by 17.38 - 16.8 % = 0.58 %

so project will accept

4 0
3 years ago
Business letters can be used to request information or action. Familiarize yourself with the organization of these direct reques
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1 year ago
The federal funds rate is the interest rate that banks charge each other.<br><br>T or f
sleet_krkn [62]

Answer: F

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5 0
3 years ago
On September 3, 20X8, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The tran
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