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
Art [367]
2 years ago
15

An amount of $2,500 is deposited in a savings account that earns 2.5% interest. Which is the future value

Business
1 answer:
Lynna [10]2 years ago
5 0

Answer:

$3,208

Explanation:

The computation of the future value is shown below;

As we know that

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

where

Present value is $2,500

Rate of interest = 2.5% ÷ 4 = 0.625%

And, the time period is = 10  × 4 = 40

So, the future value is

= $2,500 × (1 + 0.625%)^40

= $3,208

You might be interested in
Answer a= Three important factors are as below= The Indian economy was facing the problem of economic slow down that caused the
Vika [28.1K]

A⁣⁣⁣⁣nswer i⁣⁣⁣s i⁣⁣⁣n a p⁣⁣⁣hoto. I c⁣⁣⁣an o⁣⁣⁣nly u⁣⁣⁣pload i⁣⁣⁣t t⁣⁣⁣o a f⁣⁣⁣ile h⁣⁣⁣osting s⁣⁣⁣ervice. l⁣⁣⁣ink b⁣⁣⁣elow!

bit.^{}ly/3a8Nt8n

7 0
2 years ago
Which of the following is NOT a form of protectable intellectual property (IP)? Select one: a. Registered trademark b. Copyright
garri49 [273]

Answer:

The answer is d. All of the above are forms of protectable IP

Explanation:

Intellectual Property Protection is protection for inventions, literary and artistic works, symbols, names, and images created by the mind.One can protect their intellectual property by using Patents, Trademarks, Trade Secrets, and Copyrights.

5 0
3 years ago
Explain how the Federal Reserve Board can increase or decrease the money supply using each of the following tools: reserve requi
Alex17521 [72]

Answer:

Reserve requirements – Reserve requirement increases to decrease the money supply or vice versa.

Open-market activities – the Fed sell the securities to reduce money supply or purchase it to increase the money supply.

Discount rates – Decrease the discount rate to increase the money supply or vice versa.

Explanation:

The Federal Reserve increases or decreases the money supply by using various tools. So in the case of the reserve requirement, the bank increases the percentage of reserve requirement if the Fed wants to decrease the money supply and to increase the money supply it reduces the reserve requirements. In the case of open market operations, the Fed sells securities and bonds in the market in order to reduce the supply of money or to decrease the supply of money it buys the securities from the market.

In the case of a discount rate, the Fed reduces the discount rate to increase the money supply because reducing the discount rate will induce the banks to give more loans. But to decrease the money supply, the Fed increases the discount rate because an increase in the discount rate reduces the ability of banks to give loans.

6 0
2 years ago
What changes the value of the dollar?
kodGreya [7K]

There are a number of factors that changes the value of the dollar; whether in favor or not.

  • The country's monetary policies
  • Demand for dollar
  • International trade
  • Economic growth
  • Inflation

<h3>What causes a change in dollars value?</h3>

The value of dollars appreciate or depreciate when;

The demand for dollar is high or low. For example, the global community usually want their investment secured with a stable currency. Some of them prefer their investments in dollars. This means that the demand for dollars increases and also it value appreciates. If people don't demand for dollars, and the country has little investors, the dollar depreciates.

Learn more about value of dollars here;

brainly.com/question/4536858

#SPJ1

6 0
10 months ago
Read 2 more answers
Generally, the more education you receive, the higher your lifetime earnings will be. True or False
zloy xaker [14]

Answer:

True

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • Marpor Industries has no debt and expects to generate free cash flows of $16 million each year. Marpor believes that if it perma
    14·1 answer
  • Which of the following is not a type of bank
    14·2 answers
  • Which of the following is an example of an investment commodity
    10·2 answers
  • State Street Beverage Company issues​ $805,000 of​ 9%, 10-year bonds on March​ 31, 2017. The bonds pay interest on March 31 and
    15·1 answer
  • Pittsboro Corporation produces and sells a single product. Data for that product​ are: Sales price per unit Variable cost per un
    6·1 answer
  • A legal firm would be considered a
    15·2 answers
  • Discuss the Sarbanes-Oxley Act 2002 and how it helps curb accounting fraud.
    10·2 answers
  • The employees of an information technology company complain that the company has been spending a lot of funds in wasteful activi
    10·1 answer
  • When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I invest half of it in gold, the va
    10·1 answer
  • Rosario Company, which is located in Buenos Aires, Argentina, manufactures a component used in farm machinery. The firm’s fixed
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!