Not sure but because I don’t know your answer right now I’ll make sure to know it next time.
The answer is A.
CD(<span>Certificate of Deposit)</span> is similar to a saving account, but it has additional perks. There is a minimum amount of money you have to deposit and you have to deposit that money for a certain amount of time (term). CDs have better interest rate than savings accounts, but if you withdraw your money before the term you pay penalties.
This makes them a good option for people have some extra money that they won't need in a near future.
Answer:
maximize shareholder wealth
Explanation:
Answer:
$113,000
Explanation:
As we know ,
Working capital = Total current assets - total current liabilities
where,
Total current assets = Accounts receivable + cash + inventory + marketable securities + prepaid expenses
= $35,000 + $25,000 + $72,000 + $36,000 + $2,000
= $170,000
And, the total current liabilities = Accounts payable + accrued liabilities + short term notes payable
= $30,000 + $7,000 + $20,000
= $57,000
Now put the values to the above formula
So, the value would be equal to
= $170,000 - $57,000
= $113,000
In the question, continuously should be annually.
Solution:
Applicable formula is;
A = P(1+r)^n
Where;
A = Total amount after 30 years = $9,110
P = Amount invested = $5,000
r = Annual interest rate in decimals
n = Number of years = 30
Substituting;
9110 = 5000(1+r)^30
9110/5000 = (1+r)^30
1.822 = (1+r)^30
Taking natural logs on both sides;
ln (1.822) = 30 ln (1+r)
0.5999 = 30 ln (1+r)
0.5999/30 = ln (1+r)
0.019998 = ln (1+r)
Taking exponents on both sides
e^0.019998 = 1+r
1.0202 = 1+r
r = 1.0202 -1 = 0.0202 =2.02%
Therefore, annual interest rate should be 2.02%.
