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
mel-nik [20]
3 years ago
15

One year ago, Deltona Motor Parts deposited $17,500 in an investment account for the purpose of buying new equipment three years

from today. Today, it is adding another $21,000 to this account. The company plans on making a final deposit of $13,000 to the account one year from today. How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest
Business
1 answer:
Ulleksa [173]3 years ago
7 0

Answer:

$58,445.13

Explanation:

Calculation for How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest

Using this formula

FV= PV*(1+i)^n

Let plug in the formula

First deposit= 17,500*(1.055^4)

First deposit= $19,316.73

Second deposit=21 ,000*(1.055^3)

Second deposit= $24,659.07

Third deposit= 13,000*(1.055^2)=

Third deposit=$14,469.33

Total= $58,445.13

Therefore How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest is $58,445.13

You might be interested in
2. Complete the table below by identifying the costs of retirement, including living expenses (the sum of rent/mortgage, utiliti
earnstyle [38]

Answer:

Estimated monthly total is: 24,974

Explanation:

Living expenses- $5,378

Healthcare expenses-$9,596

long-term care expenses- $10,000

Estimated monthly total is 24,974

5 0
3 years ago
When researchers calculate a basketball star's net worth they are measuring the star's _____.
polet [3.4K]
The answer is letter b, income and the wealth. The net worth is a way of having to measure the over all asset of the individual in which his or her income as well as his or her wealth that he or she has or acquires. The answer is letter b.
6 0
3 years ago
Under _________dividend reinvestment plan, the company gives any cash dividends that investors would have received in a bank, wh
ankoles [38]

Answer:

Old Stock

Explanation:

The Dividend Reinvestment Plan is a platform where investors or shareholders in a company, reinvest the dividends they gained into more shares sold by the same company, most times without having to pay commissions.

Under the <em>Old stock dividend reinvestment plan, </em>an outside trustee, that is, a member of the board who is not an officer in the company, repurchases the company's existing shares in the stock market and then allocates the shares purchased among the stockholders. They sell the shares at market price. Most times, in order to encourage shareholders participation the company making the repurchase takes care of the commission fees.

8 0
2 years ago
if a reporter asks you, "When did your team stop floundering and get control of this emergency" the following is your best respo
Tomtit [17]
Your best response is ' MY TEAM INITIATED A UNIFIED, PROFESSIONAL RESPONSE FROM THE START'. This kind of response show professionalism, because you have not allow the question asked by the reporter to provoke you onto anger. Also, it show that you possess good communication skills. 
5 0
2 years ago
Intermediaries are defined as Multiple Choice companies responsible for developing products to sell to businesses. organizations
weqwewe [10]

Answer:

organizations that are in the middle of a series of organizations that distribute goods from producers to consumers.

Explanation:

Intermediaries can be described as middlemen. They enhance the flow of goods and services between the producer and the consumer.

They are organizations that are in the middle of a series of organizations that distribute goods from producers to consumers.

Types of Intermediaries

  1. agents
  2. wholesalers
  3. distributors
  4. retailers.

Advantages of Intermediaries

  1. They increase efficiency of the distribution process
  2. they provide logistics support

Disadvantage of Intermediaries

they can increase the cost of a good

6 0
2 years ago
Other questions:
  • According to the affordable care act new health insurance marketplaces are established by the
    13·1 answer
  • Given that gabby is looking for a budget-priced flight home for the holidays, she will need to find out what various options exi
    6·1 answer
  • What is the nash equilibrium for this​ game?
    14·1 answer
  • When reviewing the balance sheet for Portable Pet Care, Inc., a mobile small animal care business, Ricky noted the following inf
    7·2 answers
  • A credit card allows _____.
    13·2 answers
  • Taylor's nominal income is $50,000 per year in Acity where the cost-of-living index is 200. Taylor is considering accepting a si
    7·1 answer
  • To determine the consumer price index (CPI), _____. a. only the current market basket at current prices needs to be known. b. th
    9·1 answer
  • Suppose the market for hamburgers is unregulated. That is, hamburger prices are free to adjust based on the forces of supply and
    11·1 answer
  • Tanner-UNF Corporation acquired as an investment $260 million of 5% bonds, dated July 1, on July 1, 2021. Company management is
    15·1 answer
  • Red offers to pay Sara to deliver certain documents within thirty minutes. Sara can accept the offer only by completing the task
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!