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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

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Answer:

Three reasons would make Apple & Sony partnership successful.

The first one would be research and development share to create better products.

The second would be to increase the software market for their platforms.

Third the copyright payments for both companies on digital media would be reduced at least by 50%.

Explanation:

To understand this answer we need to analyze the context. First of all, both companies are always researching technology to overcome the other. Therefore, if they cooperate they could share their development and create better products with less investment. Second, both companies protect their software so they can't import formats from one company to the other, therefore their market could increase. Third, they both pay copyright for their digital libraries, however, if they cooperate they could cut the cost of it by half of it and increase their profit.

7 0
3 years ago
The financial planning life cycle divides an individual's life into three stages. In stage 2, the focus of individual financial
Sav [38]

Answer:process of preserving and increasing the wealth

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8 0
3 years ago
Duke’s Garage has cash of $68, accounts receivable of $142, accounts payable of $235, and inventory of $318. What is the value o
zhannawk [14.2K]

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the given data are as follows:

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Accounts receivables ( assets ) = $142

accounts payable ( liabilities)  = $235

Inventory = $318

So, we can calculate quick ratio by using following formula:

Quick ratio = Assets / Liabilities

= $68 + $ 142 / $235

= $210 / $235

= 0.89

Hence, the value of quick ratio is 0.89.

7 0
4 years ago
Summarize the main points of a wise investment strategy
mestny [16]

Answer:

Strategy 1: Value Investing.

Strategy 2: Growth Investing.

Strategy 3: Momentum Investing.

Strategy 4: Dollar-Cost Averaging.

4 0
3 years ago
Total revenue (TR) is:
poizon [28]
I think it’s d. but im so sorry if im wrong!
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3 years ago
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