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seraphim [82]
2 years ago
11

Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $1

50,000 4-years from now. How much must Shane deposit to accomplish his goal
Business
1 answer:
masya89 [10]2 years ago
4 0

Answer:

Amount deposit = $118,411.4 (Approx.)

Explanation:

Given:

Future amount = $150,000

Rate of interest = 6% compounds semiannual

Number of year = 4 year

Find:

Amount deposit

Computation:

Compounds semiannual

So,

Rate of interest = 6% / 2 = 0.03

Time taken = 4 x 2 = 8 times

So,

A = P[1+r]ⁿ

150,000 = p[1+0.03]⁸

150,000 = p[1.03]⁸

150,000 = p[1.26677]

p = 150,000 / 1.26677

p = 118,411.393

Amount deposit = $118,411.4 (Approx.)

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If Investors invest their whole money in the high-risk market for there high return, may they get a huge loss.

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7 0
3 years ago
A company purchased new equipment for $48,000. The company paid cash for the equipment. Other costs associated with the equipmen
brilliants [131]

Answer:

The cost recorded will be $53,400

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4 0
3 years ago
Nirav just opened a savings account paying 2 percent interest, compounded annually. After four years, the savings account will b
nlexa [21]

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3 0
2 years ago
Stimpleton Company engages in the following cash payments:
choli [55]

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Thus, only payment of rent and workers salary will be considered operating activities and the company will be having total of $1750 of cash outflow.

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4 0
3 years ago
If you noticed that one of your co-workers was stealing a very small amount of cash from the cash register each day, how would y
Damm [24]

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Specific moral values will impact a person on how he/she will respond to a particular situations at work and how deal with it while advancing career.

Thus if a person find his or her colleague doing cash register manipulation contact immediately the team leader or any superior for the benefit of company.

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7 0
1 year ago
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