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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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Answer and Explanation:

The Journal entries is shown below:-

1. Goods in Process Inventory Dr, (3,400 × 8 × $14) $380,800

Direct Materials Price Variance $2,240

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2. Direct Materials Quantity Variance   $67,200

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Writers at giant robot magazine realize that creating a​ ________ is important because it gives them the opportunity to let thei
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3 years ago
Demand is variable and the company wants to build a safety stock into R. The average daily demand is 15, the lead time is 3 days
olya-2409 [2.1K]

Answer:

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8 0
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Which of the following statements about employer prejudice is true?
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Answer:

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