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seraphim [82]
3 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]3 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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3 years ago
A lender is willing to provide a loan equal to 80% of a property worth $360,000. If such a loan carries an interest rate of 7.5%
lukranit [14]

Answer:

B) $11,750

Explanation:

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outstanding loan balance = property value x loan percentage

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5 0
3 years ago
What other pervasive institutional consideration may influence pay inequality
Anettt [7]

The other pervasive institutional consideration which may influence pay inequality include: technological advancement, globalization, wage-setting institutional changes. In a persuasive speech, the discourse will focus on the reasons for supporting your specific purpose statement. Read below about persuasive institutional consideration strategies.

<h3>What are persuasive strategies?</h3>

The persuasive strategies are logos, ethos and pathos. The peak effective persuasive communication usually has a mix of all three strategies. Logos uses logic or reason to reach a conclusion, while ethos depends upon the credibility of the author or speaker.

Therefore, the correct answer is as given above

learn more about persuasive strategies: brainly.com/question/24450505

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4 0
2 years ago
Haynes Automotive uses labor-hours as its base for calculating a predetermined overhead rate. Haynes had estimated the labor-hou
julia-pushkina [17]

Based on the information given the predetermined overhead rate is 31.89 per direct labor hour.

<h3>Predetermined overhead rate</h3>

Using this formula

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Predetermined Overhead rate = [$1,026,260 + (46,000×6.25)] / 41,200

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Inconclusion the predetermined overhead rate is 31.89 per direct labor hour.

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