Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
<span>To find the compound interest of an investment you have to use this formula, A = P(1 + r/n)^nt, where A is the total amount you have after the investment period, P is the amount you invest or the amount you put in, r is the rate of the of the compound interest in this case 10%, n is the amount of time the interest will be compounded for example, 4 months a year(quarterly) or 6 months a year(semi annually), and t is the amount of time you invest in years.
So in this case you are going to substitute everything in the formula with their given value. So P = $700, r = 10%, n = 21 (because it is the number of months we invest for), and t = 2 years (because 21 months fit perfectly in 2 years, and t must always be in years). The resulting formula will be A = $700(1 + 0.1/21)^(21 x 2), which will give you an answer of $855 rounded to the nearest dollar.</span>
Answer: Lindsey's total investment in education is $18,000.
Since Lindsey's college will cost a total of $6000 per year for the next three years, her total investment in education will be
.
The $26000 per year that's given in the question is the value of Lindsey's earnings if she chose to work at the local mall. This is the gain Lindsey foregoes in each of the three years in order to learn, and represents her opportunity cost or alternate costs.
Answer:
Priscilla's homemade dividend per share be in 2017 will be $3.585
Explanation:
In order to calculate what will be Priscilla's homemade dividend per share be in 2017 we would have to use the following formula:
homemade dividend=(Dividend in 2016×(1+Required rate))+Dividend in 2017
homemade dividend=($1×(1+8.5%))+$2.50
homemade dividend=$1.085+$2.50=$3.585
Priscilla's homemade dividend per share be in 2017 will be $3.585
The most important phase of the SDLC is the requirement gathering and analysis phase because this is when the project team begins to understand what the customer wants from the project.