All categories

3 years ago

Find the accumulated value of $ 740 at the end of 7 years using a nominal annual rate of interest of 6 % compounded quarterly.

Business

1 answer:

GaryK [48]3 years ago

5 0

Answer:

$1122.74

Explanation:

We are to find the future value of $740

The formula for calculating future value:

FV = P (1 + r/m)^nm

FV = Future value

P = Present value

R = interest rate = 6

N = number of years = 7

m = number of compounding = 4

$740 x (1 + 0.06/4)^7x4 = $1122.74

You might be interested in

While gambling at Prairie Meadows Casino, Troy Blackford became angry and smashed a slot machine. He was banned from the premise

ra1l [238]

Answer:

There is no contract, he has been banned for life

Explanation:

Troy and the casino had no contract. Troy black Ford had no business going back to gamble in the casino because he had already been banned for life for destroying a slot machine. So except this ban had been lifted by prairie meadows, there was no way he could argue that he had a contract and then win the case. Prairie meadows made him no offers so as a result there could be no contract.

3 0

3 years ago

In an economy where heating oil is the primary source of heat for most households, new supplies of natural gas, a substitute for

Otrada [13]

Answer:

Price Decreases & Quantity Decreases

Explanation:

As a result of the discovery of an alternative which is cheaper, consumers increase demand for natural gas. The demand for heating oil would fall. This would lead to a fall in price and quantity.

I hope my answer helps you

8 0

3 years ago

Janet is the secretary to the ceo. the ceo uses the corporate jet to travel to locations where he acts as a private consultant.

Sauron [17]

Janet is <u>a "whistleblower".</u>

A whistleblower is a person, who could be a representative of an organization, or an administration office, unveiling data to people in general or some higher expert about any bad behavior, which could be as extortion, debasement, and so on.

An whistleblower could be a representative, temporary worker, or a provider who winds up mindful of any unlawful exercises.

To shield whistleblower from losing their activity or getting abused there are particular laws. Most organizations have a different arrangement which obviously states how to report such an occurrence.

7 0

3 years ago

Explain in detail two engagments. ASAP

dexar [7]

Answer:

easy a

Explanation:

easy a

3 0

3 years ago

Budgeting - The Production Budget (2pts): Spanasonic Co. manufactures batteries for electric vehicles. Management reports ending

Doss [256]

Production budgets are used by manufacturers to determine the quantity of product units that will be produced. Based on the predicted sales, the production budget is chosen.

Regarding projected inventory levels, it is modified in accordance with the company's inventory policy. A manufacturer creates cost budgets for the direct materials, direct labour, and overhead expenses needed for manufacturing based on the production budget.

The company's inventory policy should be kept in mind while creating a production budget. The production budget is built on the sales budget, with changes made for starting and ending inventories.

The company's inventory management strategy affects the production budget as well. Depending on the company's strategic outlook, inventories may be increased or decreased.

For the given question, the production budget is prepared and attached in the form of an image.

Learn more about Production Budget here: brainly.com/question/13061264

#SPJ4

4 0

1 year ago