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Zepler [3.9K]
3 years ago
15

A friend asks to borrow $55 from you and in return will pay you $58 in one year. If your bank is offering a 6% interest rate on

deposits and loans: a. How much would you have in one year if you deposited the $55 instead
Business
1 answer:
AURORKA [14]3 years ago
4 0

Answer:

$58.3

Explanation:

Interest = principal x interest x time

$55 x 0.06 x 1 = $3.3.

Amount = principal + interest

= $55 + $3.3. = $58.3

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You hire someone to do it for you. It makes it super easy.
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3 years ago
Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its r
kkurt [141]

Explanation:

Strategic planning is the long-term actions that a company will implement in its organizational processes to achieve its objectives and goals. Through strategic planning, a company creates an identity, a culture that assists in the company's internal and external positioning, in addition to managing the resources, the decision-making process and the timing of the actions necessary to remain profitable and competitive in the market.

In any organization, regardless of sector or size, strategic planning will assist in efficiency and effectiveness in the use of physical, financial, human, marketing and administrative resources.

7 0
3 years ago
At the completion of the project, the working capital will be released for use elsewhere. Compute the net present value of the p
anastassius [24]

Full Question

The following data pertain to an investment in equipment:Investment in the project ..........$10,000 Net annual cash inflows ............2,400  Working capital required ...........5,000 Salvage value of the equipment .....1,000 Life of the project ................8 years At the completion of the project, the working capital will be released for use elsewhere. Compute the net present value of the project, using a discount rate of 10%:a. $606.b. $8,271.c. ($1,729).d. $1,729.

Answer: c : -$1,729

Explanation:

Formula : NPV = summation of (cash flow divided by the power of one plus discount factor)

8 0
3 years ago
If Rob and Lori purchased a home for $250,000 with an additional $4,000 in related purchase costs and then added a swimming pool
slamgirl [31]

Answer:

$289,000

Explanation:

The computation of the adjusting basis in case of sale of the home is shown below:

= Purchase value of home + additional purchase cost + cost of swimming pool + new air conditioning system

= $250,000 + $4,000 + $30,000 + $5,000

= $289,000

In case of sale of the home, we consider all the costs which are given in the question as it related to the sale of the home

7 0
3 years ago
About (a) A manager must select three coders from her group to write three different software projects. There are 7 junior and 3
Snowcat [4.5K]

Answer:

168 ways .

Explanation:

4 0
3 years ago
Read 2 more answers
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