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
garik1379 [7]
2 years ago
11

Sue now has $490. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?

Business
1 answer:
Alina [70]2 years ago
3 0

Answer:

c.$941.10

Explanation:

Calculation for How much would she have after 8 years

Using this formula

FV = PV(1+i)^n

FV represent future value

PV represent present value

i represent interest rate

n represent number of periods

Let plug in the formula

FV = 490(1 + .085)^8

FV= $941.10

Therefore How much would she have after 8 years will be $941.10

You might be interested in
Depreciation is the accountant's estimate of the cost of ______ used in the production process matched with the benefits produce
faust18 [17]

Answer:

Fixed assets and equipment

Explanation:

Depreciation is the accountant's estimate of the cost of fixed assets and equipment used in the production process matched with the benefits produced from owning it.

It is the decrease in the value of assets and the method used to reallocate the cost of asset over its useful life span.

Assets can be categorized as :

1. Current

2. Fixed

3. Tangible

4. Intangible assets.

In accounting, there are several standard methods of computing depreciation expense:

1. Fixed percentage

2. Straight line

3. Declining balance methods.

4 0
3 years ago
QUESTION 8 of 10: You have decided to pursue a career in nursing. You are willing to relocate based on salary differences. The s
Shalnov [3]
The mean of salary for these options is $30.76
5 0
2 years ago
Assume Royal Palm Corp., an equipment distributor, sells a piece of machinery with a list price of $800,000 to Arch Inc. Arch In
Alexandra [31]

Answer:

a. $720,000

Explanation:

Since in the question, it is given that the equipment is sold at the list price

The list price is $800,000 and the selling percentage is 90%

So, the revenue should be recorded

= List price × selling percentage

= $800,000 × 90%

= $720,000

Simply we multiplied the list with the selling percentage so that the correct amount can come

3 0
3 years ago
Bruce is a part-time student (more than half time) enrolled at a qualified postsecondary educational institution. He files as a
Dmitry_Shevchenko [17]

Answer:

The answer is: $2,250

Explanation:

The American Opportunity Tax Credit (AOTC) is a tax credit available for students that are enrolled at a qualified educational institution. The maximum annual credit is $2,250 per student, and it can be used during the first four years of higher education.

4 0
3 years ago
A government's comprehensive annual financial report (CAFR) is divided into three main sections. The statements, schedules, tabl
Savatey [412]

Answer:

Step wise detailed solution is given in the attached diagram

3 0
2 years ago
Other questions:
  • Keyshawn is a player on a professional football team. Because of this, his play every week is scrutinized by fans and media, as
    15·2 answers
  • Initially, Rhett believed he should maintain his production facilities within the United States and simply export his designer e
    5·1 answer
  • Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a job order cost system. The time tick
    7·1 answer
  • Which factors affect the pricing function
    8·1 answer
  • How to get a refund on Brainly
    7·2 answers
  • In regression​ analysis, the coefficient of​ determination:
    15·1 answer
  • Chamberlain Co. wants to issue new 17-year bonds for some much-needed expansion projects. The company currently has 12.2 percent
    7·1 answer
  • Suppose you started a new job recently. While you were completing your employee information forms online, you noticed that you m
    14·1 answer
  • Which stage of the consulting process describes when the consultant and client come to an agreement on what work will be accompl
    6·1 answer
  • How is the advancement of technology blurring the lines between humans and non- humans?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!