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
lbvjy [14]
3 years ago
12

Dominic is going to invest in an account paying an interest rate of 4.6% compounded continuously. How much would Dominic need to

invest, to the nearest dollar, for the value of the account to reach $84,000 in 5 years
Business
2 answers:
insens350 [35]3 years ago
7 0

Answer: $66,740.82

Explanation:

Formula to find the accumulated amount if compounded continuously :

A=Pe^{rt}, where P= principal invest

t = time

r= rate of interest.

Given : A= $84,000 , r= 4.6% = 0.046 ,  t=5 years

84000=P e^{0.046\times5}\\\\\Rightarrow\ 84000=P (1.2586)\\\\\Rightarrow\ P=\dfrac{84000}{1.2586}\approx66740.82

Hence, the amount need to invest = $66,740.82

Ksivusya [100]3 years ago
4 0

Answer: 66741

Explanation:

You might be interested in
Avery Company has two divisions, Polk and Bishop. Polk produces an item that Bishop could use in its production. Bishop currentl
Aleksandr-060686 [28]

Answer and Explanation:

a. The computation of operating profit is shown below:-

Profit per unit = Purchase price from outside per unit + variable cost of production internally

= $15 - $7

= $8

Total increment in operating profit = Profit per unit × Total number of units

= $8 × 24,000

= $192,000

b. Minimum transfer price = Variable cost = $7 (because polk has overcapacity and there is no change in fixed cost and polk minimum has to recover its variable production cost)

c. Maximum transfer price = purchase cost from outside supplier = $15 (because if the internal transfer piece is more than $15 Bishop will lose so he prefers to buy from outside and the company as a whole will lose $192,000 in incremental operating profit

3 0
4 years ago
Can success be measured
Studentka2010 [4]

Answer:

yes

Explanation:

3 0
3 years ago
Read 2 more answers
If you want to use Format Painter to apply formatting to many different selections, what can you do to make this happen more eff
zimovet [89]

If you want to use Format Painter to apply formatting to many different selections, you should follow the following steps:

1.    Select the items or text with the formatting which you want to use again.

2.    Go to the standard toolbar and then to the Format Painter button. Then Double click on the Format Painter button.

3.    Now click to select each text, or area to which you want to apply the formatting.



6 0
3 years ago
Read 2 more answers
The type of business risk that refers to a possible risk from a business move is called
zaharov [31]
Pretty sure it’s financial risk !!!!! hope it was right !!!! :)
8 0
3 years ago
Which mobile network launched offers 500gb data and hotstar premium subscription?.
VARVARA [1.3K]

The mobile network launched offers 500gb data and hotstar premium subscription is BSNL. Thus the correct option is B.

<h3>What is a Subscription?</h3>

A monthly or yearly payment submitted to be a part of any group, organization, or campaign to receive the benefits of its members is called a subscription.

A new Super Star 500 broadband plan from BSNL  which deals in mobile and mobile networks,  delivers 500GB of data at a monthly speed of up to 50Mbps along with a free Hotstar membership in this plan.

This plan of BSNL offers two plans in it which includes the DSL plan and the Bharat Fibre plan to its customers.

Therefore, option B BSNL is appropriate answer.

Learn more about Mobile, here:

brainly.com/question/14897447

#SPJ4

The incomplete question is -

The mobile network launched offers 500GB data and hotstar premium subscription

Airtel

BSNL

Reliance Jio

Vodafone

5 0
2 years ago
Other questions:
  • The federal government doesn't have a capital budget; however, private enterprises do have a capital budget and when they invest
    7·1 answer
  • The dominant business ethic in corporate communications is _____, which is "a principle that allows those affected by administra
    10·1 answer
  • Monique buys a new television for​ $795. she receives consumer surplus of​ $355 from the purchase. how much does monique value h
    6·1 answer
  • business buying often involves long-term relationships with suppliers. How does this affect buying behavior​
    6·2 answers
  • You just deposited $4,000 in cash into a checking account at the local bank. Assume that banks lend out all excess reserves and
    9·1 answer
  • Lumina Inc. had 4,900 employees at the beginning of 2014. During the first half of the year, the company had no attrition. The c
    15·1 answer
  • A. and W. are brothers and work together. A. owns a cleaning business and his brother W. helps when the jobs are too big for A.
    5·1 answer
  • Consider the two savings plans below. Compare the balances in each plan after 7 years. Which person deposited more money in the​
    13·1 answer
  • PLEAS HELP!!!!!!!! I NEED ANSWERS ASAP!!!!!​
    14·1 answer
  • The world price of grapefruits is above the price that currently prevails in Cuba in the absence of trade. Assuming that Cuba is
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!