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Mkey [24]
3 years ago
11

Ringo now has $700. How much would he have after 4 years if he leaves it invested at 6% with annual compounding?

Business
1 answer:
kobusy [5.1K]3 years ago
5 0

Answer:

$883,74

Explanation:

The amount that would result after 4 years is called the Future Value (FV). this is calculated using Time Value of Money Techniques.

Using a Financial Calculator, this will be calculated as follows :

PV = $700

N = 4

I = 6%

PMT = 0

P/YR = 1

FV = ?

Entering the values as shown gives a Future Value (FV) of $883,74.

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Dafna11 [192]

Answer:

"Direct Method" is the right answer.

Explanation:

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4 0
3 years ago
Purchasing power parity (ppp) is considered an __________ measurement poverty levels
Nastasia [14]

Purchasing power parity (ppp) is considered an objective measurement poverty levels.

Purchasing power parity:

  • By removing the variations in price levels between nations, purchasing power parities (PPPs) are rates of currency translation that aim to equalize the purchasing power of various currencies.
  • monetary and developmental. Timothy Callen the rate at which the equivalent amount of goods and services might be purchased in one country using the currency of the other at a certain exchange rate.
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7 0
2 years ago
A condensed income statement by product line for Healthy Beverage Inc. indicated the following for Fruit Cola for the past year:
uranmaximum [27]

Answer:

Explanation:

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check the attached file bellow for further explanation

8 0
3 years ago
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aniked [119]

False

Explanation:

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The correct answer of the question is Fraud.

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<h3>What is Fraud?</h3>
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