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
ruslelena [56]
3 years ago
5

calculator solutionvChang is investing $2,500 today and will do so at the beginning of each of the next six years for a total of

seven payments. If her investment can earn 12 percent annually, how much will she have at the end of seven years
Business
1 answer:
rewona [7]3 years ago
3 0

Answer: $28,249.25

Explanation:

As the payments are constant, this represents an annuity. Also, as the payment is made at the beginning of every period, it is an Annuity Due.

The value of the end of the 7 years is the future value of the annuity due which is found by:

= Annuity * Future value factor of an annuity, 7 years, 12%

= 2,500 * 11.2997

= $28,249.25

You might be interested in
A(n) _____ is used to move out of one currency and into another for a limited period without incurring foreign exchange risk.
AveGali [126]

Answer:

Currency swap.

Explanation:

A currency swap is an agreement or a contract between the two parties. Involves the exchange of interest and sometimes of principal in one currency for the same in another currency. Interest payments are exchanged at fixed dates through the life of the contract.

It is considered to be a foreign exchange transaction and is not required by law to be shown on a company's balance sheet. Two parties exchange principal amount and interest that incur in different currencies. The dual purpose of a currency swap is to hedge exposure to exchange rate risk, or helps reduce the cost of borrowing a foreign currency.

5 0
3 years ago
what would the length of time you have had a checking or savings account help determine your credit score?
GenaCL600 [577]

It shows a pattern of responsibility.

If you have only had accounts for 1 month, it doesn't really give a full picture of whether or not you always make your payments on time, etc. However if you have had accounts for 20 years, creditors have more history to look through to determine if you are responsible.

Keep in mind, checking and savings accounts are not the primary type of accounts that creditors want to look at because those only deal with spending money you already have. Lenders really want to know how you handle money that you <em>borrow</em>, such as school loans, credit cards, rent payments, and auto loans.

8 0
4 years ago
A very popular fast food restaurant is presently staffed with three cash register attendants that are taking orders. Upon enteri
MissTica

Answer:

True..Hope thats the answer...

8 0
3 years ago
True or False<br> A business plan is a sketch of a new product idea.
Likurg_2 [28]
True, in some cases I would argue.
5 0
3 years ago
Read 2 more answers
________ controls cover security processes that are designed by strategic planners and implemented by the security administratio
stepladder [879]

Answer:

d. Managerial

Explanation:

The managerial controls covers the process of the security that could be designed via strategic planners and the same should be implemented via the organization security administration

So as per the given situation, the option d is correct

And, the rest of the options are incorrect

The same should be relevant

6 0
3 years ago
Other questions:
  • When markups are based on the selling price, the selling price is
    12·2 answers
  • Marian wants to know exactly what her mortgage payments will be each month. Which type of mortgage would be her best choice?
    9·1 answer
  • Joanette, Inc., is considering the purchase of a machine that would cost $570,000 and would last for 9 years, at the end of whic
    12·1 answer
  • The words the anchor says in between stories are called what
    7·1 answer
  • Assume that the amount that you have to actually borrow for your ski and bike rental business mentioned in the previous question
    6·1 answer
  • If a company uses the periodic inventory system, what is the impact on net income of including goods in transit f.o.b. shipping
    11·1 answer
  • Free pionts guys you need to get it like right now
    7·2 answers
  • Use the statistics and probabilities that you compile to make a prediction about which team will win.
    14·1 answer
  • A form of debt or equity that possesses characteristics of both debt and equity financing is called:________
    8·1 answer
  • Which system for tax collection supports the idea that some states are worth more than other states?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!