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svetoff [14.1K]
4 years ago
15

$3,000 is invested in an account earning 8% interest compounded annually. How much will there be in the account after 2 years?

Business
2 answers:
Aloiza [94]4 years ago
5 0
The formula is
A=p (1+r)^t
A future value?
P present value 3000
R interest rate 0.08
T time 2 years
A=3,000×(1+0.08)^(2)
A=3,499.2

So the answer is c
Hope it helps!
ss7ja [257]4 years ago
4 0
The answer to your question is, B.3,480

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A particular​ country's exports of goods are increasing exponentially. The value of the​ exports, t years after 2007​, can be ap
Olegator [25]

Answer:

V(t) = $ 1.5 billion for 2007

V(t) = $1.5 billion, 295 million. For 2012

Doubling time = t = 177.69 yrs

Explanation:

a).

V(t) = 1.5e^(0.039t)

For the first year 2007, t= 0

V(t) = 1.5e^(0.039*0)

V(t). = 1.5e^0

V(t) =. 1.5*1 = 1.5

V(t) = $ 1.5 billion for 2007

For 2012 that is 5 years after,t= 5

V(t) = 1.5e^(0.0039*5)

V(t) = 1.5e^ (0.0195)

V(t) = 1.5(1.019691367)

V(t) = 1.5295

V(t) = $1.5 billion, 295 million.

b). Doubling time is when the value of the export is 1.5 *2 =$ 3 billion

3 = 1.5e^(0.0039t)

3/1.5= e^(0.0039t)

2 = e^0.0039t

In 2 = 0.0039t

0.693= 0.0039t

t = 177.69 yrs

7 0
3 years ago
Dax is an architect who wants to be able to let clients walk through a digital version of a house before the house is actually b
34kurt

Virtual Reality can be used by Dax, so that his client will be able to walk through a digital version of a house before actual building.

<h3>What is Virtual Reality?</h3>

Virtual Reality can be regarded as a computer-generated environment which looks like a real life environment with scenes and objects .

Therefore, Dax can use Virtual Reality to shows his clients about his house digitally.

Learn more about Virtual Reality at;

brainly.com/question/26705841

8 0
2 years ago
For a risk averse person, a. the pleasure of winning $1,000 on a bet exceeds the pain of losing $1,000 on a bet. b. the pain of
kompoz [17]

Answer:

B. the pain of losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet.

Explanation:

A risk averse person is an individual or person rather who prefers lower returns with known risk than higher returns with unknown or higher risks. In this case, the individual prioritizes preservation of capital at hand over the potential of a more than average return. In this scenario, for a risk averse individual, the pain of losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet based on the high uncertainty attached to winning the $1000 bet.

8 0
3 years ago
if a bookmark affili paperback book for $4 in the book of life of the selling price of 6.99,how much is the dollar markup?
PolarNik [594]
The dollar markup is $2.99

The dollar markup is computed by deducting the cost from the selling price.

<span>6.99 - 4 = </span>2.99<span> is the dollar mark-up based on cost.</span>

<span>2.99/4 = 0.7475 x 100% = 74.75% is the percentage mark-up based on cost.</span>
3 0
4 years ago
Madison Corporation purchases an investment in Lake Geneva, Inc. at a purchase price of $10 million cash, representing 40% of th
tester [92]

Answer:

$ 10512000

Explanation:

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The book value = assets - liabilities = (1700000 - 419000) ×0.4 = $ 51240

The year-end balance = $ 51240 + $ 10 million = $ 10512000 approx

4 0
4 years ago
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