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
neonofarm [45]
3 years ago
9

$459 into an investment at 5% for six years. What will the balance be at the end of six years?

Business
1 answer:
mrs_skeptik [129]3 years ago
7 0

Answer:

A=615.10

Explanation:

The balance after six years is the future value of 459 at a 5% interest rate.

The applicable formula is

A= P( 1+ r )^n

A = amount after six years

P= 459

r=5%

N=6 year

A= 459(1+5/100)^6

A = 459(1.05)^6

A=459 x 1.34

A=615.06

A=615.10

You might be interested in
Hayes Bakery has sales of $30,600, costs of $15,350, an addition to retained earnings of $4,221, dividends paid of $469, interes
scZoUnD [109]

Answer:

$8,013

Explanation:

The computation of the amount of the depreciation expense is shown below:

The net income is

= An addition to retained earnings + cash dividend paid

= $4,221 + $469

= $4,690

Now the earning before tax

= (Net income) ÷ (1 - tax rate)

= ($4,690) ÷(1 - 0.21)

= $5,937

Now the earning before tax and interest is

= $5,937 + $1,300

= $7,237

So, the depreciation expense is

= $30,600 - $15,350 - $7,237

= $8,013

8 0
3 years ago
Jim would like to learn more about what it's like to be a in college.without having to take college classes or difficult exams.
MAVERICK [17]
B Advanced Placement
5 0
3 years ago
How do the elements of the marketing mix work together to help create a<br>marketing strategy?​
alex41 [277]

Answer:

The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.

Explanation:

4 0
3 years ago
Which of the skills are the most essential to be a successful leader? reading skills teamwork skills writing skills note-taking
Zolol [24]
I would say teamwork skills.
8 0
3 years ago
Suppose that you have received $300 as a birthday gift. You can spend it today or you can put the money in a bank account for a
Bingel [31]
After one year you will be able to get 305 extra dollars then what you have put in hope this helps you
6 0
3 years ago
Other questions:
  • Telcom owns a phone network and provides phone network services to many consumers
    15·1 answer
  • Settlers from which european country frequently imposed a mandatory draft of indian labor for public projects?
    12·1 answer
  • A firm expects to sell 25,200 units of its product at $11.20 per unit and to incur variable costs per unit of $6.20. Total fixed
    9·1 answer
  • Which contractual standard for product safety and liability says that buyers chose to make purchases and therefore every purchas
    5·1 answer
  • DWK Foods has developed a line of cookies and candies sweetened exclusively with organic honey. Although DWK is selling some of
    12·1 answer
  • On June 1, Royal Corp. began operating a service company with an initial cash investment by shareholders of $3,900,000. The comp
    7·1 answer
  • If the price elasticity of supply is 0.75, then when the price of Good Y falls by 10 percent, the quantity supplied of Good Y:__
    15·1 answer
  • 1. The payment made each period on an amortized loan is constant, and it consists of some interest and some principal.
    12·1 answer
  • The price of a Honda Accord
    9·1 answer
  • A four-bedroom, four-bath, 4,875-square-foot house was listed at $445,000. Andreas, the seller, accepted an offer that was 95% o
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!