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
UNO [17]
3 years ago
9

10. You have just deposited $1000 in an unusual bank account that pays interest biannually (once every 2 years). If the 2-year i

nterest rate is 8% (total interest over 2 years is 8%, not 8% per year), how much will you have in the account after 6 years? (Answer: $1,259.71)
Business
1 answer:
madam [21]3 years ago
6 0

Answer:

FV= $1,259.71

Explanation:

Giving the following information:

Initial deposit (PV)= $1,000

Number of periods (n)= 3 biannual years

Interest rate (i)= 8% = 0.08

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

FV= PV*(1+i)^n

FV= 1,000*(1.08^3)

FV= $1,259.71

You might be interested in
The sales and profits of an individual product may not follow the life cycle pattern.A. TrueB. False
Nat2105 [25]

Answer:

A. True

Explanation:

The product life cycle is a term that describes a form of structure or arrangement of sales and profits of a product in a given time.

However, due to volatile marketing conditions, it is TRUE, that the sales and profits of an individual product may or may not follow the life cycle of the general pattern.

Hence, the correct answer in this situations is absolutely TRUE

8 0
3 years ago
The need for change to automated sales at Bergman's most likely arises from a(n)_____ force
Fantom [35]

Answer:Behavioral Force

6 0
2 years ago
Darden restaurants received a prestigious award for its commitment to quality. which one did it​ receive?\
Yuri [45]
<span>Darden restaurants received the Black Pearl award.This is a prestigious award that recognizes a company for its commitment to corporate excellence in food safety and quality. The Black Pearl Award is given yearly by the International Association for Food Protection. The award was created in 1993 by Wilbur Feagan of F&H Food Equipment Company and member of the IAFP.</span>
5 0
3 years ago
Sally needs to be able to deliver customer sales data to multiple departments in real time. Which feature of her company's new a
luda_lava [24]

Sally needs to deliver customer sales data to multiple departments in real-time by using customizable reports.

<h3>What do you mean by accounting?</h3>

Accounting is a means of collecting, summarizing, analyzing, and reporting business information in monetary terms.

As sally needs to deliver the customer sales data to multiple departments in real-time, customizable reports can be helpful in this case.

A customizable report is a type of report that is created and metrics and dimensions should be added and it will display in the way.

Therefore, OB is the correct option.

Learn more about accounting here:

brainly.com/question/5399294

#SPJ1

5 0
2 years ago
Caplico Company has prepared the following sales budget:
hichkok12 [17]

Answer:

1.b 2.a

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Enlightenment thinkers were concerned with how man would be without _____.
    5·1 answer
  • The United States began collecting federal income tax in which year?
    12·2 answers
  • Shameka is the new compensation manager of a large manufacturing company. she is currently redesigning the pay structure. she wa
    6·1 answer
  • Direct Labor Variances Dvorak Company produces a product that requires 3 standard hours per unit at a standard hourly rate of $1
    14·1 answer
  • g According to the CAPM, what is the expected rate of return for a stock with a beta of 1.2. when the risk-free rate is 6% and t
    11·1 answer
  • A contractual arrangement between a parent company and an individual or firm that allows the latter to operate a certain type of
    6·1 answer
  • Suppose there are two cities that have rent controlled apartments. In one city (Albany) all apartments are subject to rent contr
    11·1 answer
  • When problem-solving, a person should ask:<br> who.<br> how.<br> where.<br> why
    9·2 answers
  • Soft skills are ________; they are more or less relevant in every job, at every level, and throughout your career.
    7·1 answer
  • suppose that the economy enters a boom and becomes overheated. if the fed pursues countercyclical monetary policy but overreacts
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!