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3 years ago

What is the future value of $10,000 deposited today in a bank account that pays 7.1% interest rate after 5 years?

Business

1 answer:

tensa zangetsu [6.8K]3 years ago

7 0

Answer:

Future value = $14090

Explanation:

Below is the given values:

Present value of deposits = $10000

Interest rate = 7.1%

Time period = 5 years

Future value = Present value (F/P, r, n)

Future value = 10000 (F/P, 7.1%, 5)

Future value = 10000 x 1.409

Future value = $14090

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Computerland is a small country which produces three goods: desktops, laptops, and tablets. The prices and quantities for three

stellarik [79]

Answer:

37.9%

Explanation:

Please find attached a clear image of the table used in answering this question

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year.

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

Real GDP in 2013 = (10 X 18) + (9 x 40) + (5 x 45) = 180 + 360 + 225 = 765

Real GDP in 2014 = (10 X 24) + (9 x 60) + (5 x 55) = 240 + 540 + 275 =1055

Percentage growth rate in real GDP = (1055 / 765 ) - 1 = 0.379 = 37.9%

5 0

4 years ago

What is the average defection rate for grocery store shoppers in a local area of a large city if customers spend $60 per visit,

nekit [7.7K]

Answer:

Average defection rate = 3.9%

Explanation:

Average defection rate is the rate are which customers stop using a companie's products and services.

It could result from move to other competitors.

To calculate use the following formula

Customers per year= Spending per visit* Yearly frequency* Gross margin* (1/Defection rate)

3,200= 60* 52* 0.04*(1/Defection frequency)

Defection frequency (3,200)= 124.80

Defection rate= 124.80/3,200= 0.039= 3.9%

7 0

4 years ago

____________ is a method of employee development that helps an employee to develop his or her skills by interacting with a more

babymother [125]

Answer:

sgfdhgfhgcgchgc

Explanation:

8 0

3 years ago

You have a opportunity to be hired into a exciting new career. Explain what types of clothing you would wear to the interview an

OLga [1]

Answer:

I would wear something simple not to flashy like some black pants with a button up top and a blazer I think that is very professional. I would use my communication skills by using eye contact not interrupting and asking questions if I don’t understand something. Also I would try my best to answer the questions they ask to the best of my ability and use a good speaking voice and good grammar. Hope this helps!!

3 0

3 years ago

Emma, Inc. reacquired 166,326 of its shares at $22 per share as treasury stock. Last year, for the first time, Emma sold 37,992

Lesechka [4]

Answer:

The correct answer is $152,949.

Explanation:

According to the scenario, the given data are as follows:

Reacquired shares = 166,326

Per share price = $22

So, we can calculate the retained earning decline by using following formula:

Retained earning decline = Cost of Treasury shares - Sales price - Paid in Capital from stock

Where, Cost of treasury shares = 48,987 × $22 = $1,077,714

Now Sales Price = 48,987 × $15 = $734,805

and Paid in Capital from stock = 37,992 × ( $27 - $22) = $189,960

By putting the value in the formula, we get:

Retained earning decline = $1,077,714 - $734,805 - $189,960

= $152,949

6 0

3 years ago