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Dafna1 [17]
3 years ago
14

A small foundry agrees to pay $420,000 three years from now to a supplier for a given amount of coking coal. The foundry plans t

o deposit a fixed amount in a bank account every three months, starting three months from now, so that at the end of three years the account holds $420,000. If the account pays 8.5% APR compounded monthly, how much must be deposited every three months?
a. $31,069.
b. $28,473.
c. $47,943.
d. $35,389.
Business
1 answer:
galina1969 [7]3 years ago
6 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Future Value= $420,000

Number of periods (n)= 4*3= 12 quarters

Interest rate (i)= 0.085/4= 0.0213

<u>To calculate the quarterly deposit, we need to use the following formula:</u>

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

A= quarterly deposit

Isolating A:

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

A= (420,000*0.0213) / [(1.0213^12) - 1]

A= $31,086.79

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Incomplete question. The option read;

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<u> A) star</u>

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Among all the quadrants, the Star quadrant is meant for investments with great future potential. We could recall that there's a positive projection for MJS, it was said that the<em> "fruit market is expected to have a double-digit growth rate over the next decade." </em>Hence,  MJS would most likely be classified as a star.

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2 years ago
what would you do if you were offered a promotion that you were not certain about accepting? What factors would you take into ac
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Answer:

Answer

Explanation:

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Several factors would influence my decision.

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This will include all the additional risks and tasks that I will get by accepting the promotion. Taking new responsibilities might sound scary, and many people will be discouraged by this. But at some point, all great leaders are someone without any experience too. As long as we are open to criticism, we will adapt to our new responsibilities.

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3 0
3 years ago
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Answer and Explanation:

The answer is attached below

3 0
2 years ago
In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cos
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