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horsena [70]
2 years ago
11

A deposit of $90 is placed into a college fund at the beginning of every week for 5 years. The fund earns 3% annual interest, co

mpounded weekly, and paid at the end of the week. How much is in the account right after the last deposit
Business
1 answer:
laila [671]2 years ago
6 0

Answer:

$25,249.50

Explanation:

Deposit at the beginning of every 6 month (A) = 90

Time period (t) = 5

n = 52

Rate (r) = 3% = 0.03

So, the net amount in the account right after the last deposit is as follows:

= A * [(1+r/n)^(n*t) - 1 / r/n] * (1 + r/n)

= 90 * [(1+0.03/52)^(52*5) - 1 / 0.03/52] * (1 + 0.03/52)

= 90 * [(1.16178399147 - 1 / 0.000577] * (1+0.000577)

= 90 * 280.3882 * 1.000577

= 25249.498559226

= $25,249.50

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Setler [38]
Savings account is the answer
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3 years ago
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In March 2017, Amazon and Clorox reported nearly identical earnings per share, but the stock price of Amazon was more than six t
adoni [48]

Answer:

c. investors see better long-term prospects for Amazon

Explanation:

As we know that Amazon has the more customer base in the market due to which the shareholder predicted the expected profit in upcoming years. The company could run in long run. Even the ompany suffered huge losses due to discount provided but the investors are ready to invest in this company as they seen there is a better and long term prospects

Therefore according to the given situation, the option c is correct

3 0
2 years ago
3. The Johnson Company will pay an annual dividend of $2.05 next year. The company has increased its dividend by 3.5% a year for
vlada-n [284]

Answer:

A share of this stock be worth$ 21.88 four years from now

Explanation:

Amount of annual dividend that will be paid the next year = $ 2.05

increase in dividend by 3.5% = \frac{100+3.5}{100} = increase by a factor of 1.035

Since there is a 14% return, overall increase in dividend = \frac{1.035}{0.14 - 0.035} = 9.857

<em>Note:</em>

<em>0.035 was obtained from </em>\frac{3.5}{100}<em>= 0.035 (dividend increase)</em>

<em>0.14 was obtained from </em>\frac{1.4}{100}<em> = 0.14 (percentage return required)</em>

over the next 20 years his new value of dividend will be

New value of dividend = $2.05 + 9.857 = 11.907

Converting to a percentage,

\frac{100+11.907}{100}= 1.1907

Net dividend increase =

Dividend returns minus increase in dividend for 20 years is given as

14% - 3.5% = 10.5%

From the above, the

Worth of a share of his stock 4 years from now can be computed by

(dividend X Percentage increase in 20 years)/ net percent dividend increase  + (increase in 4 years/ net dividend increase) X 100

\frac{(2.05 (1.1907))  }{10.5} + \frac{(2.2729)}{10.5} × 100  =$21.88

∴ A share of this stock be worth$ 21.88 four years from now

4 0
3 years ago
T/F A company that uses tight cost controls is likely to use a low-cost leadership strategy.
VMariaS [17]
True, but may also be false depending on what "tight budget" that company wants.

Hope this helps!
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When building a new residential development or mall, a national real estate organization typically does not remove many trees, b
SCORPION-xisa [38]

Answer:

The answer is: B) sustainability

Explanation:

Sustainability refers to meeting today's needs without compromising or jeopardizing the future generations' ability to fulfill their needs. Sustainability focuses on three main areas:

  1. economic: support long term economic growth
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