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
-BARSIC- [3]
3 years ago
5

Assume Marigold Corp. deposits $90000 with First National Bank in an account earning interest at 4% per annum, compounded semi-a

nnually. How much will Marigold have in the account after three years if interest is reinvested?
a) $101354
b) $100800.
c) $90000.
d) $101238
Business
1 answer:
erastova [34]3 years ago
8 0

Answer:

a) $101354

Explanation:

To calculate the future balance of the interest-earning account use following formula

FV =  PV x ( 1 + r )^n

Where

FV = Future value = Balance of Interest-earning account after 3 years = ?

PV = present value = Amounr deposited in the account = $90,000

r = Periodic interest rate = 4% x 6/12 = 2%

n = Numbers of periods = Numbers of years x Compounding periods per year = 3 years  x 2 periods per year = 6 periods

Placing values in the formula

FV =  $90,000 x ( 1 + 2% )^6

FV = $101,354

You might be interested in
Bachelor's degrees are awarded by
Misha Larkins [42]
A bachelor's degree (from Middle Latin baccalaureus) or baccalaureate (from Modern Latin baccalaureatus) is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to seven years (depending on institution and academic discipline).
5 0
3 years ago
Read 2 more answers
Discuss similarities and differences between the discounted dividend and corporate valuation models
kotykmax [81]
Dividend discount model (DDM) is used in valuing stocks of a company with basing on the value of the future net present dividends. It rests on the assumption that the stock's worth is equivalent to future dividends including discounted values of the present. Corporation valuation models on the other hand, is for loan qualifications, setting prices upon selling one's company.
6 0
3 years ago
On January 1, Puckett Company paid $1.6 million for 50,000 shares of Harrison's voting common stock, which represents a 40 perce
Studentka2010 [4]

Answer:  the correct answer is $1,724,000

Explanation: $560,000 x 0.40= 224,000  (net income times percentage of Harrison's voting common stock)

$2/ share x 50,000= (100,000)  (the company paid 2$ dollars per share and there are 50000 shares)

1.6 million + 224,000 - 100,000= $1,724,000

6 0
3 years ago
13. Once a firm decides to enter an industry and chooses a market in which to compete, it must gain an understanding of its comp
Irina18 [472]

Answer: Strategic Analysis.

Explanation: Strategic analysis is the process that firms use to study and understand the many different aspects of their competitive environment. This analysis involves the process that focus on researching an organization’s business environment within which it operates. It is an essential tool in formulating strategic planning for decision making and smooth working of the business organization.

Strategic analysis refers to the process of conducting research on a company and its operating environment within which its operates to formulate a strategy. Strategic analysis helps define a strategy that will help stand out from the competitors and to also remain competitive. Another important function of strategic analysis is the prediction of future events and the planning of an alternative approach if the first fail to deliver.

4 0
3 years ago
A customer service representative loses his job because his company adopted a new software that does most of his job automatical
ch4aika [34]

A customer service representative loses his job because his company adopted a new software that does most of his job automatically. This is an example of technological unemployment.

<h3>What is technological unemployment?</h3>

This are happen when an individual losses her Job due to the use of technology.

The new technology now handles the works and the service of the individual is no longer require.

Therefore, A customer service representative loses his job because his company adopted a new software that does most of his job automatically. This is an example of technological unemployment.

Learn more on software below

brainly.com/question/305041

#SPJ1

3 0
2 years ago
Other questions:
  • Joint Cost Allocation—Physical Units Method Blake’s Blacksmith Co. produces two types of shotguns, a 12-gauge and 20-gauge. The
    12·1 answer
  • Do some Internet research to identify businesses who have suffered because of cloud security weaknesses or failures. What can co
    6·1 answer
  • The Finishing Department had 11,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to m
    9·1 answer
  • A business has been using a notebook to track sales and count how many pieces of each item it has in stock. As a business analys
    15·2 answers
  • What is true about the payments with closed-end credit?
    14·1 answer
  • uzz Appliances manufactures two products: Food Processors and Espresso Machines. The following data are available: ​ Food Proces
    13·1 answer
  • The transactions of Spade Company appear below. Kacy Spade, owner, invested $16,500 cash in the company in exchange for common s
    13·1 answer
  • 7. ______ Which of the following is NOT a factor that should be considered in multinational capital budgeting? a. Blocked funds.
    14·2 answers
  • Some people will obtain a bachelor’s degree with a focus in fashion design. Then to increase their skill set, they may also obta
    8·2 answers
  • A _____ gives you a chance to express your appreciation to the interviewer for his or her time and interest.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!