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
Vanyuwa [196]
3 years ago
7

Determine the future value if $5,000 is invested in each of the following situations: 7 percent for seven years

Business
1 answer:
alukav5142 [94]3 years ago
6 0
The answer is $8,030
Explanation:
Present Value (PV) = $5,000
Future Value(FV) = ?
Interest rate(r) = 7 percent
Number of years (N) = 7 years
The formula for future value is:
FV = PV(1+ r)^n
= $5,000(1+0.07)^7
$5,000(1.07)^7
$5,000 x 1.605781476
=$8,028.91
Approximately $8,030
Alternatively, we can use a Financial calculator:
N= 7; I/Y= 7, PV= -5,000 CPT FV= $8,028.91
Approximately $8,030
You might be interested in
What best describes a SCRUM Team​
igomit [66]

Answer: Characteristics Of A Great Scrum Team. ... Within Scrum self-organizing, cross-functional, and highly productive teams do the work: creating valuable releasable product increments. Scrum offers a framework that catalyzes the teams learning through discovery, collaboration and experimentation.

Explanation:

A Scrum Team is a collection of individuals working together to deliver the requested and committed product increments. To work effectively it is important for a Scrum Team that everyone within the team. follows a common goal.

7 0
3 years ago
Section 103 of the Federal Public Works Employment Act establishes the Minority Business Enterprise program and requires that, a
EastWind [94]

Explanation:

Looking from a fair point of view, the White owners of businesses have legitimate reasons to feel that the Act constitutes illegal reverse discrimination.

Remember, reverse discrimination implies an unfair treatment of the majority group (White owners) in an effort to please the minority group. This is evident from the fact that the 10 percent of all federal grants to be released by the Economic Development Administration was only to be used to purchase services or supplies from businesses owned and controlled by U.S. citizens belonging to one of six minority groups excluding the White business owners; making the White owners feel discriminated against.

Thus, unintentionally the Act became a reverse discrimination on White business owners.

3 0
2 years ago
You recently got a new job in a busy doctor's office. There are four other workers who perform the same
Zina [86]
Going to be answer 3
5 0
2 years ago
In June 2013, currency held by individuals and businesses was $1,124 billion; traveler’s checks were $4 billion; checkable depos
densk [106]

Answer:

M1 $2,530 billion

M2 $10,644 billion

Explanation:

  • M1 = Currency held + Travelers check + Checkable deposits

= $(1,124 + 4 + 1,402) billion = $2,530 billion

  • M2 = M1 + Savings deposits + Time deposits + Money market funds

= $(2,530 + 6,884 + 583 + 647) billion = $10,644 billion

4 0
3 years ago
Nieto Company’s budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted D.M. Purchases January $26
vova2212 [387]

Answer:

dang bro

Explanation:

5 0
3 years ago
Other questions:
  • ​the marketing concept is a ______________ that guides the overall activities of an organization. it has evolved over time from
    6·1 answer
  • Stan is preparing a message by using the interest and desire sections of the aida model to demonstrate that he has good reason f
    15·1 answer
  • What is the relationship between insurance and successful financial management? Why is insurance important?
    12·2 answers
  • When her roommate asked connie why she wasn't studying for a big test scheduled for the next day, connie replied, it doesn't mak
    12·1 answer
  • The purchase of raw materials on account in a process costing system is recorded with a:A. Debit to Purchases and credit to Cash
    8·1 answer
  • You have been working for home-building companies for a number of years. You enjoy construction work, and now you want to start
    8·2 answers
  • Confusion Corp is expected to pay a dividend of $2 in the upcoming year. The risk-free rate of return is 4%, and the expected re
    7·1 answer
  • Wildhorse Company purchased 300 of the 1000 outstanding shares of Ayayai Company's common stock for $570000 on January 2, 2021.
    13·1 answer
  • In its first year of operations, Crane Company recognized $29,500 in service revenue, $6,100 of which was on account and still o
    9·1 answer
  • Bradley Snapp has deposited $5,291 in a guaranteed investment account with a promised rate of 4% compounded annually. He plans t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!