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Bess [88]
3 years ago
9

Suppose an investor deposits $5,000 in an interest-bearing account at her local bank. The account pays 2.5% (annual) with intere

st compounded monthly. If the investor plans on withdrawing the original principal plus accumulated interest at the end of ten years, what is the total amount that she should expect to receive assuming interest rates do not change
Business
1 answer:
dlinn [17]3 years ago
4 0

Answer:

FV= $6,418.20

Explanation:

Giving the following information:

Initial investment (PV)= $5,000

Interest rate (i)= 0.025/12= 0.002083

Number of periods (n)= 10*12= 120 months

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1 + i)^n

FV= 5,000*(1.002083^120)

FV= $6,418.20

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Juli2301 [7.4K]

Answer: $55,000

Explanation:

From the question, we are told that in the Freyfogle Company, land decreased $75,000 because of a cash sale for $75,000, and the equipment account increased $20,000 due to a cash purchase, while the bonds payable increased $70,000 from an issuance for cash at face value.

The net cash provided by investing activities shows the amount of money that has been spent for investment purposes at a specific period.

Sales of land = $75,000

Less: Equipment purchase= $20,000

Therefore, the net cash provided by investing activities will be:

= $75,000 - $20,000

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3 years ago
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Suppose Ruston Company has the following results related to cash flows for 2017:
Salsk061 [2.6K]

Answer &  Explanation:

+700,000 Loan

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When Amy states, "We feel that better aligning our talent strategy with our business strategy is going to be critical for our su
LUCKY_DIMON [66]

Answer:

planning

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In this scenario it seems that Amy is demonstrating the planning part of the managerial functions. This part focuses on creating the plans and processes needed in order to be able to meet all of the company goals and objectives. In this scenario, by stating the actions that she thinks would better the company, she is letting everyone know her plan, therefore she is demonstrating the planning function.

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Answer:

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Responsibility assignment matrix helps to assign definite roles to every individual or department involved in a project.

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