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Mashutka [201]
3 years ago
8

Francis wants to have $22,000 in 10 years. calculate how much he should invest now at 8% interest, compounded quarterly in order

to reach this goal.
Business
1 answer:
r-ruslan [8.4K]3 years ago
4 0
Formula: PV = FV/(1+i)^n

Symbol: PV = Present Value
              FV = Future Value
                  i = interest rate
                 n = time
                 ^ = exponent  

Given: FV = $22,000
               i = 5/100 x 1/4 (since it is compounded quarterly) 
               i = 0.02
               n = 10 yrs x 4 compounded quarterly
               n = 40  

Solution: PV = 22,000/(1+0.02)^40
               PV = 9,963.5891 or $9,963.58  
<span>
Francis should invest $9,963.58 at 8% interest, compounded quarterly in order to have $22,000 in 10 years time.</span>
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Porque es importante mantener el seguimiento con mayor frecuencia para que usted o la persona sepa cuánto se ha gastado, cuánto queda, el costo, etc.<span>
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The don't bite me pest control company has 11,400 gallons of insecticide supplies on hand that cost $342,000; a bill from the ve
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$342,000

 Regardless if the amount of supplies has not been paid or not, it is still accounted for in the balance sheet. You would have a debit of 342,000 for supplies, credit of supplies payable of 240,000 and a credit to cash for 102,000 assuming that the difference between both amounts was paid for with cash.


3 0
4 years ago
Which change is illustrated by the shift taking place on this graph?
pantera1 [17]

Answer:

i just took this quiz its B

Explanation:

7 0
3 years ago
Read 2 more answers
What is the present value of the following cash flows at a discount rate of 9 percent?
frutty [35]

Answer:

Year 1 PV = 91,743.12

Year 2 PV =126,251.99

Year 3 PV =  154,436.70  

Explanation:

<em>The present value of future sum is the amount that ought to be invested today at interest rate compounded annually to equal the sum at the end of a particular period.</em>

The present value of a future sum is given as follows:

PV = FV × PV (1+r)^(-n)

PV - present value

FV - Future value

r- interest rate

n- number of years

Year 1 PV = 100,000× 1.09^(-1) =91,743.12

Year 2 PV = 150,000× 1.09^(-2) =126,251.99

Year 3 PV = 200,000× 1.09^(-3) =  154,436.70  

4 0
3 years ago
Nadell Corporation reported the following data for the month of AprilInventory Beginning Ending Raw Materials $30,000 $32,000 Wo
jeyben [28]

Answer:

COGS= $181,000

Explanation:

Giving the following information:

Beginning Finished Goods= $39,000

Ending Finished Goods= $53,000

Cost of goods manufactured= 234,000 - 39,000= $195,000

<u>To calculate the cost of goods sold, we need to use the following formula:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 39,000 + 195,000 - 53,000

COGS= $181,000

7 0
3 years ago
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