1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
crimeas [40]
4 years ago
12

In order to update a production process, a company can spend money now or four years from now. If the amount now would be $20,00

0, what equivalent amount could the company spend four years from now at a compound interest rate of 15% per year?(All the alternatives presented below were calculated using compound interest factor tables including all decimal places
Business
1 answer:
timama [110]4 years ago
5 0

Answer: $34,980.13

Explanation:

The amount that the company will spend 4 years from now is simply the future value of the amount that it can spend today.

The amount to be spent today is $20,000 so the amount to be spent 4 years from now is the future value of $20,000:

= Amount * (1 + rate) ^ number of years

= 20,000 * ( 1 + 15%)⁴

= $34,980.13

You might be interested in
Organizations are using social computing in which of the following functions?
Anarel [89]

Answer:

D) All of these

Explanation:

Social computing is related to Computer Science. It however, looks at the intersection or link that exists between computational systems and social behavior. <u>Social Computing specifically observes human or social behavior and used the data gathered to design systems, software and environments that can interact socially with humans</u>. The objective of this design is to make information on several areas available to people and also allow for adequate interactions.

Social computing is everywhere, from the e-mails to the use of the social media, advertisements and use of blogs among several others. Social computing therefore is not just used by organisations for only a single function but it is now integrated into most if not all the functions of businesses.

For instance, social networks and blogs are currently being used for marketing. Customer needs can be tailored based on their cookies from their browsers and then relevant sales or product information can be sent to individual customers based on preferences. This is Customer Relationship Management. Finally, It is easier to recruit now and check the status of individual employee or potential employee on social sites, send them emails as well as instant messages.

3 0
4 years ago
Justin is the grantor of an ILIT. When he dies, his estate needs cash for funeral costs, final medical expenses, death taxes, et
slavikrds [6]

Answer:1 the answer is d, 2. The answer is d, 3.The answer is C, 4. The answer is d, 5. When the policy holder does not dies within the years in which the policy was taken

Explanation:

1.Trust is a group of people which has the authority to manage a asset of the owner of the asset after the death of the owner of such asset. The trustee take over the management of the asset that is the properties of the owner after the death of the owner.

2.The major type of insurance are motor vehicle insurance, fidelity guarantee insurance, fire insurance, burglary theft or robbery insurance, Accident insurance, life insurance such as joint life insurance, whole life insurance,term insurance, Annuity insurance, indexed universal life insurance.

3.Annuity insurance : This is the insurance policy in which the insured pays a lump sum of money in form of premium to the insurance company which matures at the retirement of the insured .the insurance company makes regular payment of income to the policy holder on his retirement for a specified period or for the rest of his life depending on the agreement reached and the lump sum paid by the insured.

4.The joint life insurance is the insurance policy which can be jointly taken by two people, the insurance company pays a lump sum to the person who has not died out of the two people that take the policy if the first person out of the two person that takes the policy dies within the period in which the policy was taken with the insurance company.

5. Incident of ownership is the right given by the insurance company to the insured to change the beneficiary listed by the insured on the life insurance policy taken by the insured with the insurance company. The insured can exercise his right under this measures to change the names of the beneficiaries who will receive the benefits after the death of the insured.

6 0
4 years ago
Fred is a 45-year-old man. He has an analog television without a satellite connection. His savings are low. Therefore, he does n
Levart [38]

<u>Answer:</u> Option C

<u>Explanation:</u>

The customers are categorized based on their time of adoption to a new product. Innovators are the first people to try the product they are few in the market. Early adopters based on the opinion of the people move to new products in the market. Early majority is a large group of people who move on with new products seeing that is the latest product and that the product which they use may become obsolete.

Laggards are the last group of people who adopt to new products. Laggards are traditional people who would like to go by old ways. Fred is a laggard who has low income and does not wished to switch to new digital technology.

7 0
3 years ago
060237RR Business And Finance Basics, Part 2
pentagon [3]
B i had this before. :)
3 0
3 years ago
Suppose the government is considering penalizing airlines $27,500 per passenger each time passengers are made to remain on the p
rusak2 [61]

Answer:

<u>True</u>

Explanation:

If this $27,500 fine is actually per passenger, it could greatly incentivize airlines to cancel fewer flights than before. Consider that, most airline tickets are far lower than  $27,500, so if airlines are paying fines worth many times more than they actually collect per individual tickets, they will incure great losses.

7 0
3 years ago
Other questions:
  • A person who is highly knowledgeable or skilled in a particular domain, such as physics, anesthesiology, or teaching is best des
    5·1 answer
  • Assume that Atlas Sporting Goods Inc. has $1,040,000 in assets. If it goes with a low-liquidity plan for the assets, it can earn
    15·1 answer
  • After years of using a mass marketing strategy, Digital Print Shops has responded to new competition from national chain stores
    13·1 answer
  • A company uses direct labor costs as it allocation base. Management estimates the company will incur $150,000 of direct labor co
    5·1 answer
  • How much time needs to pass for an ar account to be considered delinquent?
    10·1 answer
  • What Are Some Reasons To Have A Credit Card?
    9·1 answer
  • How much money came into the cash account this month
    15·1 answer
  • In 2014, a business had product sales of £108,000. In 2015, due to the arrival of a new competitor,
    15·1 answer
  • Nick works with a large team at a social media company. He has proposed and finished several projects which the company funded a
    13·1 answer
  • If the federal reserve overstimulates the economy by increasing money growth too much, then inflation will?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!