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Vanyuwa [196]
2 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]2 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
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Answer:

7.76%

Explanation:

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The NPER represents the time period.

Given that,  

Present value = $969

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The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

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The coupon rate is shown below:

= (Coupon payment ÷ par value) × 100

= ($77.58 ÷ $1,000) × 100

= 7.76%

5 0
3 years ago
Sawyer Industries began business at the start of the current year. The company planned to produce 25,000 units, and actual produ
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Answer:

$208,000

Explanation:

The computation of the absorption-costing income is shown below:

As we know that

Net income = Gross profit - variable expense - fixed expense

where,

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= $660,000 - $308,000

=  $352,000

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2 years ago
At Fantastic Flavors, a large regional chain of candy stores, employees from marketing, design, production, and finance departme
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Answer:

The answer is: C) team-based new product development

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3 0
3 years ago
Read 2 more answers
A. How much would you pay for a Treasury bill that matures in 182 days and pays $10,000 if you require a 1.8% discount rate?
Sonja [21]

Answer: $9909

Explanation:

Let the amount that will be paid be represented by y. The question can now be solved as:

(10000 - y)/10000 × 360/182 = 0.018

(10000-y)/10000 = 0.018 × 182/360

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10000-y = 0.0091 × 10000

10000 - y = 91

y = 10000 - 91

y = $9909

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3 years ago
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