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77julia77 [94]
3 years ago
15

2. Sally Medavoy will invest $8,000 a year for 3 years in a fund that will earn 10% annual interest. If the first payment into t

he fund occurs today, what amount will be in the fund in 3 years
Business
1 answer:
ipn [44]3 years ago
5 0

Answer: $10,746

Explanation:

Using Compound interest formula

A= p(1+r/n) *nt

A= final amount =?

P= initial principal =$8, 000

r = interest rate = 0.1

n= nob of times interest applied(3)

t=nob of times period elapsed (3)

A = 8,000 (1+0.1/3) *9

A = 8000 (3+0.1/3) *9

A= 8000 (3.1/3) *9

A = 8000 (1.0333) *9

A = 8000 × 1.34327

A= $10,746

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Answer:

true (A.  is the trustee for the client in a trust account)

Explanation:

Based on the information provided within the question it can be said that this statement is completely true. This is mainly due to the fact that a trustee can directly deduct management fees from the customer funds. Therefore if the investment adviser is the trustee for the client he is able to have custody over the account and make these deductions.

3 0
3 years ago
Company C has a machine that, working alone at its constant rate, processes 100 units of a certain product in 5 hours. If Compan
r-ruslan [8.4K]

Answer:

Therefore the constant rate of new machine should be 30 units per hour.

Explanation:

Given that,

Company C has a machine that, working alone at its constant rate.

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                                     =20 units.

So,the constant rate of this machine is 20 units per hours.

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If two machine are working together,

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In 1 hour, they produces (100÷2) units=50 units.

The constant rate of both machines is 50 units per hours.

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Then, the new machine produces =(50-20) =30 units per hour.

Therefore the constant rate of new machine should be 30 units per hour.

7 0
3 years ago
Porter Corporation owns all 40,000 shares of the common stock of Street, Inc. Porter has 80,000 shares of its own common stock o
damaskus [11]

Answer: 5.05 per share

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=5.05

The parents company Peter fully owns all the share of street which means it takes the whole.profit of street, The consolidation sechdule only takes cognizance of the parents company shares in calculating earning per share and the subsidiary share which is Street it's treated as an investment. The convertible shares are also not taking into consideration since they have not been convert.

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Excess Demand is occurring.

This means that the amount of supply in a market cannot keep up with demand.  

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Your repeat customers have made it clear that quality is more important than price. This reflects your target market's
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Value of what they buying....


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