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mezya [45]
3 years ago
5

You receive $1,200 today, $2,200 in one year, and $3,300 in two years. If you deposit these cash flows in an account earning 12%

, how much money is in the account three years from now?
Business
1 answer:
Vilka [71]3 years ago
6 0

Answer:

The amount of money that is in the account three years from now is $8,142.

Explanation:

Future Value of $1200

FV = PV (1 + r )n

     = 1200*(1 + 12%)^3

     = $1685.91

Future Value of $2200

FV = PV (1 + r )n

     = 2200*(1 + 12%)^2

     = $2759.68

Future Value of $3300

FV = PV (1 + r )n

     = 3300*(1 + 12%)^1

     = $3696.00

Total Future Value = $1685.91 + $2759.68 + $3696.00

                               = $8142

Therefore, The amount of money that is in the account three years from now is $8,142.

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<u>Answer:</u>

<em>ICS or ICS-like EOC structure aligns with the on-scene incident organisation.</em>

<u>Explanation:</u>

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3 years ago
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You have just purchased a car and, to fund the purchase, you borrowed $25,000. If your monthly payments are $402.18 for the next
Naya [18.7K]

Answer:

E) 4.96%

Explanation:

The computation of the APR could be determined by applying the RATE formula i.e. shown below:

Given that

PMT = $402.18

Present value = $25,000

NPER = 6 × 12 = 72

FUture value = $0

The formula is shown below:

=RATE(NPER;PMT;-PV;FV;TYPE)

After applying the above formula, the annual percentage rate of the loan is

= 0.4135%  × 12

= 4.96%

hence, the correct option is E.

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What will be its effect on trade if business gets expands​
MatroZZZ [7]

Answer:

Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people.

Explanation:

Trade is central to ending global poverty.  Open trade also benefits lower-income households by offering consumers more affordable goods and services.

Hope this helped!!!

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3 years ago
On May 1, 2016, Varga Tech Services signed a $6,000 consulting contract with Shaffer Holdings. The contract requires Varga to pr
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Answer:

Varga should recognize $4,000 as revenue in 2016.

Explanation:

As the cash received in advance is recorded as unearned revenue which is a liability for the Varga Tech Services because they did not provide the services yet. On  December 31,  Eight months have passed and services for these month has been provided. So the revenue of 8 month months of 2016 will be recognized and recorded at year end.

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3 years ago
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