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Novosadov [1.4K]
2 years ago
5

A company deposits $3500 in a bank at the end of every year for 12 years. The company makes no deposits during the subsequent 8

years. If the bank pays 6% interest, how much would be in the account at the end of 20 years?
Business
1 answer:
Firdavs [7]2 years ago
4 0

Answer:

FV= $94,108.42

Explanation:

<u>First, we need to calculate the future value of the 12 annual deposits:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {3,500*[(1.06^12) - 1]} / 0.06

FV= $59,044.79

<u>Now, the future value at the end of the 20 years (8 years more):</u>

FV= PV*(1 + i)^n

FV= 59,044.79*(1.06^8)

FV= $94,108.42

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antoniya [11.8K]

Answer:

The company being examined here is Amazon.

Their corporate website is: aboutamazon.com/

while their product sales site is amazon.com

Explanation:

The various differences are:

1. the corporate is much easier on the eyes than the product sales website

2. the corporate website contains more information on the company and its corporate activities whilst the sales website is focused on the various categories of products available for sale by the company.

3. the sales website has e-commerce functionalities, the corporate does

Cheers

4 0
3 years ago
Those aspects of business that a retailer can directly affect are referred to as ________.
Alexeev081 [22]

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The book All Aspects of the Business/Organization lists nine characteristics that apply to all businesses. The book All Aspects of the Business/Organization lists nine characteristics that apply to all businesses. For success, learners should practice and comprehend the related ideas and abilities.

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5 0
1 year ago
Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods ag
Alina [70]

Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods against damage, loss, and pilferage. The document which is applicable here is an A. <u>insurance certificate.</u>

<u />

Explanation:

  • A certificate of insurance is a document used to provide information on specific insurance coverage.
  • The certificate provides verification of the insurance and usually contains information on types and limits of coverage, insurance company, policy number, named insured, and the policies' effective periods
  • Certificate of Insurance is a summary document usually issued by an agent on behalf of an insurer that says a policy has been issued to an insured for a general type of risk.
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5 0
3 years ago
A landlord entered into a 10-year lease of a building with an auctioneer, who planned to use the building itself for a storage a
ArbitrLikvidat [17]

Answer:

$2,000

Explanation:

Usually, the landlord is required to notify the tenant if he/she plans to sell the property, but regardless of who owns the property (the original landlord or  a new landlord), the contract terms are valid and must be honored by both the current landlord and the tenant.

The new owner immediately became the new landlord and he/she assumed all the responsibilities stated in the lease contract. Since the lease contract stated that the "lessor (landlord) agreed to maintain all structures on the property in good repair", the new landlord must pay for any necessary repairs.  

8 0
3 years ago
You paid $25 for your ticket to the football game, only to see your favorite team losing 28-0 at the end of the first quarter. T
Alexus [3.1K]

Answer:

Sunk; disregarded

Explanation:

Sunk cost is cost that has already been expended and cannot be recovered. It shouldn't be considered when making decisions.

No matter how much one argues, one would not be able to recover the $25. Therefore, it is sunk cost.

I hope my answer helps you

8 0
3 years ago
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