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just olya [345]
2 years ago
7

You have been given the choice to invest $1,200 each year in an account that is expected to pay 3 percent per year or you can in

vest in an account that pays 4 percent. What is the difference between the returns, if you choose to invest for four years
Business
1 answer:
gregori [183]2 years ago
8 0

Answer:

$4872.48

Explanation:

future value = amount x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

r = 4% - 3% = 1%

1200 x [(1.01)^4 - 1] / 0.01 = $4872.48

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nekit [7.7K]

Answer:

They can use credit in emergencies. A form must be filled out when someone is hired for a job to determine how much income tax will be withheld.

Explanation:

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3 years ago
What is the budgeted cost of goods sold given the following for next budget
Andreas93 [3]

Answer:

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3 years ago
Which crime is BEST represented by the following situation?
Shtirlitz [24]

Answer:

The answer is C. Money Laundering

Explanation:

Solution

From the question stated it can be described as a crime of money laundering.

Money laundering involves the use of illegally obtained money for legitimate purposes.

In this scenario, Jeff uses $15,000 from his illegal sales of drug paraphernalia for setting up a toy store. The origin of the money, which was obtained through illegal method was hidden.

Robbery and larceny are examples of theft that involves stealing items of value from another person. Embezzlement is also a kind of theft. It involves withholding of items with the intention of theft .

4 0
3 years ago
Investors who put their own money into a startup are known as
konstantin123 [22]

Hi there!

Investors who put their own money into a startup are known as angel investors. Also, they are usually family or friends but don't have to be.

The closest answer to angel investors is C. Angels.

I hope that helps u! :)

3 0
3 years ago
Read 2 more answers
g Mystery Inc has a beta of 1.1. The firm just paid a dividend of 60 cents and the dividends are expected to grow at 5.5% per ye
12345 [234]

Answer:

6.91%

Explanation:

The formula for share price using the dividend growth model stated below can be used to determine the cost of equity as well whereby the formula is rearranged in order to make the cost of equity the subject as shown thus:

share price=expected dividend/(cost of equity-growth rate)

share price=$45

expected dividend=last dividend*(1+dividend growth rate)

expected dividend=$0.60*(1+5.5%)=0.633

cost of equity=the unknown

dividend growth rate=5.5%

45=0.633/(cost of equity-5.5%)

45*(cost of equity-5.5%)=0.633

cost of equity-5.5%=0.633/45

cost of equity=(0.633/45)+5.5%

cost of equity=6.91%

4 0
3 years ago
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