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
agasfer [191]
3 years ago
5

One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today.

Today, it is adding another $15,000 to this account. The company plans on making a final deposit of $10,000 to the account one year from today. How much cash will be available when the company is ready to buy the equipment assuming an interest rate of 5.5%?
Business
1 answer:
Lyrx [107]3 years ago
4 0

Answer:

Total FV= $46,008.31

Explanation:

Giving the following information:

Deposit 1= $12,000

Deposit 2= $15,000

Deposit 3= $10,000

Interest rate= 0.055

<u>To calculate the future value, we need to use the following formula on each deposit:</u>

FV= PV*(1+i)^n

FV1= 12,000*(1.055^5)= 15,683.53

FV2= 15,000*(1.055^4)= 18,582.37

FV3= 10,000*(1.055^3)= 11,742.41

Total FV= $46,008.31

You might be interested in
In computing depreciation, salvage value isa. the fair market value of a plant asset on the date of acquisition.b. subtracted fr
kirill115 [55]

Answer:

c. an estimate of a plant asset's value at the end of its useful life

Explanation:

The salvage value or the residual value is the estimated value of the fixed asset which can be received at the end of its useful life. So, neither it is a fair market value of a plant asset , nor it is deducted from the accumulated depreciation.

The treatment of the residual value under the straight-line method or any other method is shown below:

The depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ estimated life in years

The residual value should always be deducted from the original cost of fixed asset

5 0
3 years ago
Good designs offer users as many alternatives as possible <br> a. True <br> b. False
Arada [10]
The answer to is
b. False

Good designs or more specifically, good designers should prepare multiple design choices that users can choose from. People have different tastes and sense of style. A designer should not impose his own preference and provide different perspectives for the users.<span />
3 0
3 years ago
What form of payment is directly tied to a customer's bank account?
r-ruslan [8.4K]
I’m sure it’s B. Debit Card
6 0
3 years ago
​Beef Burgers, Inc. contracts to buy five hundred steers from Fattening Feedlots. Before Fattening Feedlots can deliver the stee
svlad2 [7]

In this case the perfect tender rule

b. does not apply.

Explanation:

The perfect tender rule has certain exceptions where it cannot be applied to the tender parties and the probates of the tender.

If there is a government ruling against the use of certain products that are necessary for the tender to be completed and the outlaw happens after the tender is signed but before it is completed as a consignment then it cannot be done.

This would come under the ambit of an emergency where the governed ruling makes such deals null and void.

3 0
2 years ago
Bummerland finds itself in a recession caused, as assumed in class, a sticky nominal (money) wage (W) which is too high to clear
puteri [66]

Answer:

is this a book if so send me a link

Explanation:

8 0
3 years ago
Other questions:
  • Both buyers and sellers of a good are responsive to changes in the price of the product. An increase in the sales tax on the pro
    10·1 answer
  • China Importers would like to spend $215,000 to expand its warehouse. However, the company has a loan outstanding that must be r
    13·1 answer
  • The color of the text in a label control is determined by the ________ property.Rds/
    14·1 answer
  • If Southwest Development Company is a​ 50-50 partnership of Merideth Harper and Christopher​ Black,: ​(Select the best answer​ b
    11·1 answer
  • What includes the tasks, activities, and responsibilities required to execute each step in a business process?
    9·1 answer
  • What is the business?
    7·1 answer
  • Promotion's goal is to increase the number of employees.<br> Choose the answer.<br> True<br> False
    8·2 answers
  • If the stock of money is $250 billion, velocity is 5, and the price level is 10, what is real output
    5·1 answer
  • Firestone allows companies like Sears and Discount Tire to distribute and discount its tires. This action significantly increase
    10·1 answer
  • Which type of logs on fortigate record information about traffic directly to and from the fortigate management ip addresses?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!