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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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Zarrin [17]

Answer:

i do not no sorry :'(

4 0
3 years ago
The Volt Battery Company has forecast its sales in units as follows: January 2,900 February 2,750 March 2,700 April 3,200 May 3,
goblinko [34]

Answer:

(the image attached) for the monthly production budget for january through June

Explanation:

1st We will list each month sales

Then, we will calcualte the desired ending inventory as 110% of next month sales:

february sales 2,750

So, January ending inventory: 2,750 x 1.10 = 3,025

And so on with all the months.

Then we subtract the beginning inventory as those units are already produced/ in company's stocks

Giving as a result the units to be produced.

3 0
3 years ago
In​ 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to play for them for seven years. He
Salsk061 [2.6K]

Answer: D. The actual value of the contract is less than $30 million for each year he plays.

Explanation:

Given that Mark sherzer will be paid $15 million per year for 14 years reflects a contract whose value at the time of signing is ($15 million × 14) = $210 million. However, the payment would not be paid at the of signing but spread over a period of 14 years with $15 million being splashed out annually. However, considering the time value of money, whereby the present value of a fixed amount decreases with time. Hence in actual sense, the $210 million face worth of the contract will actually be less than $30 million [$210/7(playing years)] as time progresses on the fixed amount paid yearly due to reduction in the value of the present value as time progresses.

7 0
3 years ago
Wilson has a 40 percent interest in the assets and income of the CC&W Partnership, and the basis in his partnership interest
laila [671]

Answer:

a. $24,000

b. $9,000

Explanation:

a. The amount of income or loss from the partnership is limited to the share of the loss rather than its partnership interest

In the given case, the partnership interest is $45,000 and the share of his loss is $24,000

So, $24,000 is reported in his individual income tax return

b. The computation of the Wilson's basis in his partnership interest is shown below:

= Basis in his partnership interest - share of the loss -  cash distribution received from the partnership

= $45,000 - $24,000 - $12,000

= $9,000

3 0
3 years ago
Question 3 Fill in the blank: Curiosity, understanding context, having a technical mindset, data design, and data strategy are _
vladimir1956 [14]

When one is said to have curiosity, an ability to understand context, and a technical mindset, they have <u>analytical skills.</u>

<h3>What are analytical skills?</h3>

These are skills that allow a person to make decisions based on data that they are presented with.

They include skills such as curiosity, data design, data strategy, and an ability to understand context. These allow a person to look at data, and understand what to do with it.

In conclusion, option D is correct.

Find out more on data drive decisions at brainly.com/question/26064077.

8 0
2 years ago
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