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ollegr [7]
3 years ago
9

You can save $1,000 per year for the next six years in an account earning 10 percent per year. How much will you have at the end

of the sixth year if you make the first deposit today?
Business
1 answer:
kicyunya [14]3 years ago
8 0

Answer:

At the end of the sixth year, you will have:

= $8,487.17.

Explanation:

a) Data and Calculations:

Annual savings = $1,000

Interest rate per year = 10%

Period of savings = 6 years

First deposit = today

From an online financial calculator:

N (# of periods)  6

I/Y (Interest per year)  10

PV (Present Value)  0

PMT (Periodic Payment)  1000

 

Results

FV = $8,487.17

Sum of all periodic payments $6,000.00

Total Interest $2,487.17

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You invest $100 in stocks and sell them one year later for $115. Use the instructions in Lesson 3 to calculate the ROI dollar am
slava [35]

Answer:

ROI in dollar amount = $15

ROI in percentage = 15%

Explanation:

Given:

Initial investment = $100

Sale value = $115

Find:

ROI in dollar amount

ROI in percentage

Computation:

⇒ ROI in dollar amount = Sale value - Initial investment

ROI in dollar amount = $115 - $100

ROI in dollar amount = $15

⇒ ROI in percentage = [ROI in dollar amount / Initial investment]100

ROI in percentage = [$15 / $100]100

ROI in percentage = 15%

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2 years ago
In a mixed-market economy, the government plays a role and can affect the circular flow of income. Governments participate in th
a_sh-v [17]

A government deficit can affect the circular flow of income because the government spending could drop due to the deficit and the economy could slow down.

<h3>What is a government spending?</h3>

It refers to the total money spent by the public sector on the acquisition of goods and provision of services such as education, healthcare, social protection, defense etc.

A government budget deficit arises from an excessive government spending and low levels of taxation that don't cover expenditure.

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3 0
1 year ago
Distinguish between private and public company???​
Mashutka [201]

Answer:

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Public company has minimum 7 member and maximum is bounded by its share capital.

-Private company is smaller than the public companies by the no.of capital.

Public company is larger than private company and spread in different place.

-Private company uses the term Private limited after its name.

Public company uses the term Limited after its name.

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5 0
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LIFO uses the ______ unit costs for Cost of Goods Sold on the income statement and the ______ unit costs for Inventory on the ba
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LIFO uses the last unit costs for Cost of Goods Sold on the income statement and the first unit costs for Inventory on the balance sheet.

<h3>What is LIFO?</h3>

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

For example, if beginning inventory consists of 10 units at $10 per unit. In the middle of the month, 10 units were bought at $15 per unit. At the end of the month, 10 units were sold. Using LIFO, the cost of goods sold would be $150 ( 10 x 15). Ending inventory would be $100 ($10 x 10).

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2 years ago
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