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Elina [12.6K]
3 years ago
9

Pronghorn invested $270000 she received from her grandmother today in a fund that is expected to earn 6% per annum. To what amou

nt should the investment grow in five years if interest is compounded semi-annually?
Business
1 answer:
zzz [600]3 years ago
4 0

Answer:

FV= $362,857.42

Explanation:

Giving the following information:

Initial investment (PV)= $270,000

Number of periods (n)= 5*2 = 10 semesters

Interest rate (i)= 0.06/2 = 0.03

<u>To calculate the future value (FV), we need to use the following formula:</u>

<u></u>

FV= PV*(1+i)^n

FV= 270,000*(1.03^10)

FV= $362,857.42

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gregori [183]

Answer:

3-5 people

Explanation:

It's called a focus group for a reason. If there were 8-12, or 10-12 people, the others might not be able to focus. But there are people who need others to focus, so 3-5 would be a perfect number per group.

hope it helps! :3

6 0
3 years ago
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anastassius [24]

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3 years ago
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A project plan is a document that outlines each step needed to complete a project from A to B. It is sometimes portrayed as a Gantt chart. It acts as a roadmap by outlining the project phases, important project tasks, their start and end dates, interdependencies, and project milestones.

Learn more about project plan here

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4 0
2 years ago
Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.00 each. Indicate wh
vodomira [7]

Answer:

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