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
Vinvika [58]
3 years ago
6

You plan to make a series of deposits in an interest-bearing account. You will deposit $1,000 today, $2,000 in 2 years, and $8,0

00 in 5 years. If you withdraw $3,000 in 3 years and $5,000 in 7 years, how much will you have after eight years if the interest rate is 9%?
Business
1 answer:
solniwko [45]3 years ago
7 0

Answer:

$5,641

Explanation:

DEPOSIT NOW  

$1000 * FVIF 9%,8 PERIODS

= $1000 * 1.9926

= $1992.6

IN 2 YEARS

= $2000 * FVIF 9%,6 PERIODS

= $2000 * 1.6771

= $3354.20

IN 5 YEARS

= $8000 * FVIF 9%, 3 PERIODS

= $8000*1.2950

= $10360

WITHDRAWAL: IN 3 YEARS

= ($3000) * FVIF 9%, 5 PERIODS

= ($3000) * 1.5386

= ($4615.80)

IN 7 YEARS

= ($5000) * FVIF 9%, 1 PERIOD

= ($5000) * 1.0900

= ($5450)

Total value = $1992.6  + $3354.20 + $10360  - $4615.80 - $5450

Total value = $5,641

So, the total future value after eight years is $5,641

You might be interested in
Making a down payment reduces the
levacccp [35]
<span>d. loan principle amount

The loan principle amount is the amount of money borrowed for the loan. Making the down payment 1) proves the creditworthiness and capability of the buyer and 2) the overall amount of money to payback.</span>
5 0
3 years ago
John's Locomotive Works manufactures a model locomotive. It comes in two versions: a standard (X1) and a deluxe (X2). The locomo
Law Incorporation [45]

Answer:

Explanation:

X1                    X2              Z

0                      0                0

16                     0                 4,000

0                      10                3,500

8                       6                 4,100

check the picture attached for more explanation

3 0
3 years ago
The curve that shows the relationship between the sales price and quantity sold is called the:__________
Vinvika [58]

The curve that shows the relationship between the sales price and quantity sold is called the: demand curve.

The call for a  demand curve is a graphical representation of the relationship between the price of an excellent or carrier and the quantity demanded for a given time frame. In a standard representation, the rate will seem on the left vertical axis, the amount demanded on the horizontal axis.

A demand curve is a graph that shows the amount demanded at every rate. every now and then the demand curve is likewise referred to as a demanding agenda because it is a graphical illustration of the call for schedules.

The demand curve can be a critical device to apply while corporations make pricing decisions. this is because the call for a curve can show the price point where the purchaser responsiveness drops, as well as the fee point that elicits the very best demand.

Learn more about the demand curve here:

brainly.com/question/16790743

#SPJ4

5 0
1 year ago
For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following a
Mariana [72]

Answer:

b. Liabilities assumed, at book value.

Explanation:

International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) require everything (Assets, Liabilities and Non-controlling interest) to be measured at the fair market value, the amount a third-party would pay on the open market, at the time of acquisition — the date that the acquirer took control of the target company.

3 0
3 years ago
in a ____, a strategic manager can condense the strenght, weakness, opportunities, and threats into fewer than 10 strategic fact
luda_lava [24]

Answer:

Strategic Factors Analysis Summary (SFAS) Matrix

Explanation:

4 0
3 years ago
Other questions:
  • James is a recent college graduate and has six months of it experience. he is thinking about pursuing a certification program in
    10·1 answer
  • According to the ohio and u.s. constitutions, which responsibility is held by both the state of ohio and the federal government
    6·1 answer
  • 1.People who make the best mystery shoppers have usually prepared themselves by: Reading Passing Certification Courses Researchi
    8·1 answer
  • The following present value factors are provided for use in this problem. Periods Present Value of $1 at 8% Present Value of an
    10·1 answer
  • A company acquires all of the voting stock of Previn Company, and records the transaction by debiting "Investment in Previn Comp
    7·1 answer
  • The Production Possibilities Model (or Curve/Frontier –PPC/PPF) assumes a constant timeframe as well as constant ______________
    15·1 answer
  • You are considering investing $1,000 in a complete portfolio. The complete portfolio is composed of treasury bills that pay 5% a
    10·1 answer
  • When preparing a statement of cash flows, a decrease in accounts receivable during a period would cause which one of the followi
    10·1 answer
  • Question 4 of 10
    7·1 answer
  • the gardener's opportunity cost of a bushel of beans multiplied by her opportunity cost of a bushel of corn is
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!