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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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3 years ago
Mountain Bikes, Inc. (MBI), and Nero enter into a contract for a sale of amountain bike. MBI, a merchant who deals in goods of t
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B) making warranties easier to understand.

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3 years ago
Carla and Eliza share income equally. For the current year, the partnership net income is $40,000. Carla made withdrawals of $12
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8 0
4 years ago
The chart lists three different sets of career qualifications in the Marketing, Sales, and Service career cluster.
KengaRu [80]

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4 years ago
Why might large corporations be more likely to support development of sustaining technology rather than emerging technology?
elixir [45]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

The large corporations be more likely to support development of sustaining technology rather than emerging technology is because the <span> technology is already aligned with main revenue streams.
</span>
The answer is C. 
4 0
4 years ago
Read 2 more answers
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