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love history [14]
3 years ago
6

Suppose that you invest $100 today in a risk-free investment and let the 6 percent annual interest rate compound. What will be t

he value of your investment 6 years from now?
Business
1 answer:
Kipish [7]3 years ago
3 0

Solution :

It is given that :

Amount of investment or the principle amount , P = $ 100

Time of investment , t = 6 years

Rate of interest compounded annually r = 6 %

Therefore the future amount of this investment in a 6 year time is given by,

$FV=P(1+\frac{r}{100})^t

$FV=100(1+\frac{6}{100})^6

$FV=100(1+0.06)^6

$FV= 100 (1.4185)$

$FV=141$

Therefore, after 6 years the investment of $ 100 will give an amount of $ 141.

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In constructing a common-size income statement, depreciation will be______. A. omitted since it is a noncash expense. B. express
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B. expressed as a percentage of sales.

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Rodrigo is in charge of employee recruitment and selection for a large national bank. During the selection process, Rodrigo cons
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3 years ago
Last year, Mountain Top, Inc., purchased a coal mine at a cost of $900,000. The salvage value has been estimated at $100,000. Th
nydimaria [60]

Answer:

Journal entry to record depletion expense

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Accumulated depreciation $280,000 (credit)

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