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
Law Incorporation [45]
3 years ago
11

Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after t

he stated amount of time. 1% per year, compounded annually, after 11 years
Business
1 answer:
babymother [125]3 years ago
6 0

Answer:

$11,046

Explanation:

Present value = $10,000

Interest rate = 1%

Years = 11 years annually

Future value = A(1 + i/)^n

Future value = $10,000*(1 + 0.01)^10

Future value = $10,000*(1.01)^10

Future value = $10,000*1.10462212541

Future value = $11046.2212541

Future value = $11,046

So,  the future value FV of the investment after 11 years is $11,046

You might be interested in
On January 1, 2021, Pine Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for Pin
sweet [91]

Answer:

b. 253,589

Explanation:

According to the scenario, computation of the given data are as follows,

Present value of lease payment = $3,335,888

Payment in 2021 = $800,000

Interest rate =   10%

So, we can calculate the interest expense by using following formula,

Interest expense = (Present value of lease payment - Payment in 2021 ) × interest rate

Interest expense = ($3,335,888 - $800,000) × 10%

= $2,535,888 × 10%

= $253,588.8 or $253,589

In 2021, Pine should record interest expense of $253,589

7 0
2 years ago
How air particle density and air pressure are related
EleoNora [17]

Explanation:

The more gas particles there are within a given area, the greater the air density. Likewise, the greater the air density, the more gas particles there are per unit volume. Therefore, there are more air particles bombarding with a surface. Thus, the air pressure increases as the air density increases and visa versa... I hope this helps you answer your question :)

4 0
3 years ago
A customer holds 100 shares of ABC Corp $100 par convertible preferred stock convertible at a 10 to 1 ratio. If ABC declares and
Leviafan [203]

Answer:

B. 100 shares of ABC preferred stock

Explanation:

Shares are ownership stakes of a company that are given out to individuals who contribute to capital base of a company.

Preference shares are those whose owners recieve preference in payment of dividends, a fixed dividend is paid to them.

Ordinary shares recieve less preference when dividend is paid, usually coming last in divedend payment.

In this scenario ABC has decided to pay 10% stock dividend. This will be paid to ordinary share holders.

So the person with 100 preference shares will have 100 preference shares

10% of par value of $100 is 0.1 * 100= $10

Number of shares are 100 so the value is now 100 * $10 = $1,000

Since the conversion rate of preference to ordinary shares is 10:1

Number of preference shares= 1,000 ÷ 10= 100 preference shares

5 0
3 years ago
You work for Emerita's Pizzeria and have been given the task of looking at company goals and deciding how the goals will be acco
Vesna [10]

The plans that must be involved are the strategic planning, the mid level, the low level, the operational planning, the top level planning.

Explanation:

In the strategic planning the company's stakeholders will ask them were they want their company to be in five years

The middle level staff will decide to focus in recruiting the new clients and to increase the productivity and they will find the way to give back to the company

Being a low level employee it is necessary that one must interact with the customers and contribute to the company's performance

In the operational planning it will be difficult to manage the customers  meet their day to day needs and satisfy them

A meeting will be held with the top level staff and hence they will be coming up with the new tools of the operational planning

3 0
2 years ago
Expected cash dividends are $4.00, the dividend yield is 8%, flotation costs are 6% of price, and the growth rate is 5%. Compute
Brut [27]

Explanation:

\text { Dividend, } \mathrm{D}= 4 \\\text { Dividend yield rate }=\mathrm{D} / \text { Current price }=8 % \\\text { Current price }, \mathrm{P} 0=\mathrm{D} / 8 \%=\$ 4 / 8 \%=$ 50

\text { Flotation cost, } \mathrm{F}=8 \% \text { of current price }=\$ 50 * 8 \%=\$ 4 \\
\text { Growth rate,g }=4 % \\
\text { Cost of new common stock, } \mathrm{Ke}=[\mathrm{D} 1 /(\mathrm{P} 0-\mathrm{F})]+\mathrm{g} \\  =[\$ 4 /(\$ 50-\$ 4)]+4 \% \\
=0.086956522+0.04 \\
=0.126956522=12.7 \% \text {(Rounded) }

12.7%

6 0
2 years ago
Other questions:
  • On cold summer days, beach parking lots are usually almost empty by early morning even though one must pay in order to park ther
    7·1 answer
  • Describe at least two common types of variable expenses that you expect to have at some point in your life. (1-2 sentences. 1.0
    13·1 answer
  • The journal entry to record a note received from a customer to replace an account is A. debit Notes Receivable credit Accounts R
    5·1 answer
  • The state of competition is an industry, according to porter, depends on ______ basic forces.
    5·1 answer
  • Read the following descriptions and identify the type of risk or term being described:
    9·1 answer
  • 1. How many shares of Apple common stock are issued and outstanding at (a) September 30, 2017, and (b) September 24, 2016? 2. Wh
    11·1 answer
  • How many milliliters are in 1 quart?
    7·1 answer
  • For price discrimination via coupons to be successful, it must be TRUE that:
    13·1 answer
  • Kamal plans to save $7,000 a year for 17 years starting a year from today. He expects to earn 9% on his investment. How much wil
    11·1 answer
  • What procedures must be described in an agreement called an assurance of compliance with a us?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!