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2 years ago

How much would you need to deposit in an account now in order to have $3000 in the account in 15 years

Business

1 answer:

Anika [276]2 years ago

6 0

Answer:

Results are below.

Explanation:

Giving the following information:

Future value= $3,000

Number of periods= 15 years

I will assume an interest rate of 8% compounded annually.

<u>To calculate the present value (PV), we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= 3,000/1.08^15

PV= $945.73

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Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resource

julia-pushkina [17]

Answer:

AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.

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3 years ago

Read 2 more answers

Three contractors (call them a, b, and

patriot [66]

Answer: The probabilities of winning a contract are

$P(A) = \frac{28}{36}$

$P(B) = \frac{7}{36}$

$P(C) = \frac{1}{36}$

Let the Probability of C winning the contract - P(C) be 'X'

Then,

Probability of B winning the contract - P(B) will be '7X' and

Probability of A winning the contract - P(A) will be $\mathbf{P(A) = 4 * P(B) = 4*7X = 28X}$

Since the total of all the probabilities is 1,

$\mathbf{P(A) + P(B) + P(C) =1}$

$\mathbf{28X + 7X + X =1}$

$\mathbf{36X =1}$

$\mathbf{X =\frac{1}{36}}$

So,

$P(A) = \frac{28}{36}$

$P(B) = \frac{7}{36}$

$P(C) = \frac{1}{36}$

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3 years ago

You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifical

Alex777 [14]

Answer:

a. The Debit column is correctly stated.

b. The Credit column is understated by $17,300 ($8,650 * 2).

c. The Automobiles account balance is correctly stated in the trial balance.

d. The Accounts Payable account balance is understated in the trial balance by $17,300 ($8,650 * 2).

e. If the Debit column total of the trial balance is $200,000 before correcting the error, the total of the Credit column before correction is $182,700.

Explanation:

This mistake is an Error of Commission. It is a problem of arithmetical accuracy, for example, posting to the wrong side of one ledger account. In this case, the Accounts Payable should have been credited with the amount of $8,650. As an arithmetic error, it can only be corrected by doubling the affected amount on the Credit side of the Accounts Payable account.

3 0

3 years ago

I WILL MARK THE BRAINLIST IF ANSWERED :)

Mazyrski [523]

Answer:

it would be A the two forms are: Partnership & Corporation

Explanation:

please give me brainlist, like you said

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2 years ago

Today, you sold 540 shares of stock and realized a total return of 6.3 percent. You purchased the shares one year ago at a price

GuDViN [60]

Answer:

B. 5.40 percent

Explanation:

Let today's price per share be $X

Total return = [ (New value + Dividend - Old value) / Old price ] *100

Old value = $24 *540 = $12,960

Next, plug in the numbers to the formula;

0.063 = [ (540X + 117 - 12,960)/ 12,960 ]

0.063 = $[\frac{540X-12,843}{12,960} ]$

multiply both sides by 12,960;

0.063 *12,960 = 540X - 12,843

816.48 = 540X - 12,843

Add 12,843 from both sides and solve for X;

816.48 + 12,843 = 540X

13,659.48 = 540X

Divide both sides by 540;

13,659.48/ 540 = X

X = 25.295

Therefore, today's price per share = $25.30

Capital gains yield= (Today's price - Original price) /Original price

Capital gains yield = (25.295 -24) / 24

=0.05396 or 5.40%

Therefore, Capital gains yield is 5.40%

3 0

3 years ago