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Art [367]
3 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]3 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

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Answer:

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Explanation:

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3 years ago
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3 years ago
Select the items that are needs from your bank statement. ABC BANK Available Balance $230.00 Cell phone plan$45 Rent$400 Car ins
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Answer:everything but the backpack

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2 years ago
For each separate case, record an adjusting entry (if necessary). Barga Company purchases $32,000 of equipment on January 1. The
scoundrel [369]

Answer:

<u>Equipment:</u>

                                                  Dr.       Cr.

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Accumulated Depreciation                $5,520

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3 years ago
Pull dates indicate the last day a product should be sold.From the items listed, which one is most likely to have a pull date?
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Hello M5irenflorevert,
I would say bread because it is the most perishable food on that list.
Even after a few days it can get crusty and nasty.
~Naterator
Please Thank If This Helped <3
3 0
3 years ago
Read 2 more answers
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