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
Novosadov [1.4K]
3 years ago
9

You receive five annual cash flows of $10,000 with the first cash flow being received today and the last cash flow occurring 4 y

ears from today (i.e., there are 5 total cash flows). You place each $10,000 cash flow into the bank as soon as you receive it. The bank's APR (r) is 6% and compounding is done on an annual basis. Ten years from today, you take all your money out of the bank. How much total do you have
Business
1 answer:
ivanzaharov [21]3 years ago
7 0

Answer:

FV= $75,437.02

Explanation:

Giving the following information:

Number of cash flows= 5

Cash flow= $10,000

Total number of periods= 10 years

Interest rate= 6% compounded annually

<u>First, we need to calculate the future value of the 5 cash flows in 5 years using the following formula:</u>

<u></u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {10,000*[(1.06^5) - 1]} / 0.06

FV= $56,370.93

<u>Now, the value at the end of 10 years:</u>

FV= PV*(1+i)^n

FV= 56,370.93*(1.06^5)

FV= $75,437.02

You might be interested in
the _____________ curve for good X will shift ____________ resulting in a(n) _____________ in the equilibrium price of X and a(n
Morgarella [4.7K]

Answer:

demand; rightward; increase; increase

Hope this Helps!

5 0
3 years ago
You missed a monthly payment on your mortgage. Your monthly payment is $1,278. Your mortgage holder places a 5% penalty on all t
balandron [24]

Answer:

A. $63.9

Explanation:

Your monthly payment is $1,278 => One-month payment is a fixed amount of $1,278

Your mortgage holder places a 5% penalty on all late payments so that the penalty cost for 1 month late would be 5% of one-month payment.

=> Penalty cost can be calculated as the following equation:

<em>Penalty cost = One-month payment x 5% </em>

<em>= 1,278 x 5 / 100 = $63.9</em>

So total penalty cost would be $63.9

3 0
3 years ago
Read 2 more answers
G Government expenditure​ ________ change potential GDP and taxes​ ________ change potential GDP.
Furkat [3]

Answer:

<u>can</u> ; <u>can</u>

Explanation:

With increasing or decreasing government expenditure there are various other things also associated. Government expenditure is not only done to construct roads, but rather to provide education, to provide better health services, to provide more opportunities.

If an individual is more educated and healthy then the remaining candidates his chances for a better job are even higher, with that he shall contribute to GDP.

With taxes the buying capacity of individuals earning are decreased, also with the levy of taxes government tends to earn more. With this again the GDP suffers directly.

7 0
3 years ago
☞ȌoȌ☞ 50 points! Also imma give brainliest to a random person. Hurry!
Sophie [7]

Answer:

thanksksksksksksksk : )

Explanation:

8 0
3 years ago
Read 2 more answers
In the largest clinical trial ever​ conducted, 401,974 children were randomly assigned to two groups. the treatment group consis
Pachacha [2.7K]
<span>The requirements are satisfied; the samples are simple random samples that are independent, and for each of the two groups, the number of successes is at least 5 and the number of failures is at least 5.</span>
4 0
3 years ago
Other questions:
  • When an asset is sold, a gain occurs when the?
    13·1 answer
  • MATCH each economist to his economic belief.
    11·2 answers
  • When group investors become aware of overseas investment opportunities and are willing to diversify their portfolios internation
    11·1 answer
  • The Beauty Beyond Words Salon uses an activity-based costing system in its beauty salon to determine the cost of services. The s
    8·1 answer
  • For each of the goods, classify them according to whether they are rivalrous, nonrivalrous, excludable or nonexcludable. Rivalro
    12·1 answer
  • An individual has utility function U(x)=x1/4U(x)=x1/4 for salary, and is considering new job offer which pays $80,000 with a bon
    7·1 answer
  • A company paid $0.58 in cash dividends per share. Its earnings per share is $4.30 and its market price per share is $28.75. Its
    11·1 answer
  • An indifference curve shows the various bundles of goods that:_________ A. all cost the same amount of money. B. make the consum
    12·1 answer
  • Explain the importance of understanding how teams work together to achieve the same goal​
    7·1 answer
  • Suppose that the government decides to regulate this natural monopolist by requiring the firm to charge a price of P2. Which is
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!