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Wittaler [7]
3 years ago
9

Assume an annual interest rate of 8%. You have $1. What is the value of the $1 one year in the future

Business
1 answer:
seropon [69]3 years ago
3 0

Answer:

the future value is $1.08

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $1 × (1 + 0.08)^1

= $1 × 1.08

= $1.08

Hence, the future value is $1.08

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Should I get a small dog I mean I always wanted you be but then I wouldn’t be able to go out of town
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When a corporation sells all or substantially all of its assets to another corporation, generally,
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3 years ago
Suppose that a country has no public debt in year 1 but experiences a budget deficit of $20 billion in year 2, a budget deficit
klemol [59]

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Prepare the necessary general journal entries for the month of October for Crane Retail for each situation given below. Crane us
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The necessary journal entries for October month are attached below in the image :

<h3>What do you mean by journal entries?</h3>

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