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horsena [70]
3 years ago
15

Three years ago, you invested $3,350.00. Today, it is worth $4,100.00. What rate of interest did you earn

Business
1 answer:
Anastasy [175]3 years ago
7 0

Answer:

6.97%

Explanation:

the formula to be used is

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

$4,100.00 = $3,350.00 x ( 1 + r)^3

divide both sides of the equation by $3,350.00

$4,100.00 / $3,350.00 = ( 1 + r)^3

1.223881 = ( 1 + r)^3

find the cube root of both sides

1.069661 = 1 + r

r = 6.97%

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Equipment with a book value of $84,000 and an original cost of $167,000 was sold at a loss of $34,000. Paid $109,000 cash for a
adoni [48]

Answer:

$443,400

Explanation:

The computation of cash flows from investing activities is shown below:-

For computing the cash flows from investing activities we need to find out first the Sale of equipment

= $84,000 - $34,000

= $50,000

Net cash paid by investing activities = Sale of equipment - Purchase of new truck + Sale of land + Sale of Long-term investments

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3 0
2 years ago
"Paco is considering the purchase of a used car. Paco currently has excess monthly cash flow of $490 available for vehicle payme
kobusy [5.1K]

Answer:

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Explanation:

fromthe $490 cash flow

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<u>    - 10 repairs    </u>

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7 0
2 years ago
Match the job role with the job title. (More than three answers)
Dmitry_Shevchenko [17]

Explanation:

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To help the financial needy and to appreciate the merit student, Federal Aid coordinator will evaluate and find the candidates / students accordingly.

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He/ She is the person who is assisting the lawyer in terms researching about the crime that has happened. In simple term we can call that as investigation.

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3 0
3 years ago
In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at t
Artemon [7]

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Monopolistic competition has a downward sloping demand curve. Thus, just as for a pure monopoly, its marginal revenue will always be less than the market price, because it can only increase demand by lowering prices, but by doing so, it must lower the prices of all units of its product. Hence, monopolistically competitive firms maximize profits or minimize losses by producing that quantity where marginal revenue equals marginal cost, both over the short run and the long run.

3 0
3 years ago
The management of Won League Lotteries was planning to shut down one of its offices. This shutdown was going to result in layoff
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Answer: Soldiering.

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7 0
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