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
SSSSS [86.1K]
3 years ago
8

Beverly Hills started a paper route on January 1. Every three months, she deposits $550 in her bank account, which earns 8 perce

nt annually but is compounded quarterly Four years later, she used the entire balance in her bank account to invest in an investment at 7 percent annually. How much will she have after three more years?
Business
1 answer:
aleksandrvk [35]3 years ago
6 0

Answer:

Total amount= $12,558.68

Explanation:

Giving the following information:

Every three months, she deposits $550 in her bank account, which earns 8 percent annually but is compounded quarterly Four years later, she used the entire balance in her bank account to invest in an investment at 7 percent annually.

First, we need to calculate the total accumulated money after four years with the following formula.

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

A= deposit= 550

N= 16

i=0.08/4= 0.02

FV= {550*[(1.02^16)-1]}/0.02= 10,251.61

Now, we calculate the second investment:

FV= PV*(1+i)^n= 10,251.62*(1.07^3)= $12,558.68

You might be interested in
I'm bored who wants to talk for a bit? About school or whatever
mariarad [96]

Answer:

sure

Explanation:

sure bro xd whats up

7 0
3 years ago
Read 2 more answers
Owner contributions and retained earnings are combined in a single capital account on the balance sheets of?
Sergeeva-Olga [200]

Owner contributions and retained earnings are combined in a single capital account on the balance sheets of .proprietorships.

A sole proprietorship, also known as a sole proprietorship, sole proprietorship, or sole proprietorship, is a form of business owned and operated by a single person where there is no legal distinction between owner and business entity. Sole proprietorships do not necessarily work alone and may employ other people.

Examples of sole proprietors include small businesses. B. A one-person art studio, grocery store, or IT consulting service. The moment you start offering goods and services to others, you become a sole proprietorship.

A sole proprietorship is a business owned and controlled by an individual, corporation, or limited liability partnership. The company has no partners. Sole proprietorship legal status can be defined as follows: It is not a legal entity separate from the business owner.

Learn more about proprietorships here

brainly.com/question/375502

#SPJ4

8 0
1 year ago
Fred's Fans purchased two identical fans for resale. Fan 1 was purchased in April for $76 and Fan 2 was purchased in May for $80
Nata [24]

Answer:

sesemi vivy 67g bb

Explanation:

6 0
1 year ago
30 POINTS!<br><br> Which cell contains an absolute reference?
FromTheMoon [43]

Answer:

d11. .......

Explanation:

hii please follow me

7 0
2 years ago
Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the
Dmitry_Shevchenko [17]

Answer:

you want us to write a 5-7 page paper for you? that's on you. it's for questions, not whole papers

4 0
3 years ago
Other questions:
  • Danilo has been working for metropolitan taxi for three months. he expected that his job would be to drive around the city, pick
    8·1 answer
  • Financial markets A. channel funds indirectly between borrowers and lenders. B. channel funds directly from lenders to borrowers
    12·1 answer
  • During the year, Next Tec Corp. had the following cash flows: receipt from customers, $12,000; receipt from the bank for long-te
    11·1 answer
  • Select the items below that describe specific kinds of producers
    7·1 answer
  • Skysong Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $432,000 and a re
    11·1 answer
  • Suppose the U.S. Treasury offers to sell you a bond for $687.25. No payments will be made until the bond matures 5 years from no
    12·1 answer
  • Broker Greg has a listing for an office building. Licensee Gary who works for Greg wants to buy the building as an investment. W
    5·1 answer
  • You are working as a head of Human resource department in an oil company. The high ups of your company asked you to select 12 ex
    9·1 answer
  • An accounting clerk for Chesner Co. prepared the following bank reconciliation:
    6·1 answer
  • Why are some producers forced to sell their products at the prevailing market price? Group of answer choices price takers find m
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!