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IgorLugansk [536]
3 years ago
11

Suppose that you invest $100 today in a risk-free investment with an annual compounding interest rate of 4%. What will be the va

lue of your investment in 4 years?
Business
1 answer:
s2008m [1.1K]3 years ago
4 0

Answer:

Value of investment = $117

Explanation:

Given:

P = $100

r= 4% = 0.04

n = 4 years

Computation:

A = P(1+r)ⁿ

A = 100(1+0.04)⁴

A = 100(1.04)⁴

A = 116.9858

A = $117

Value of investment = $117

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6 0
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Ecker Company reports $1,750,000 of net income for 2017 and declares $245,000 of cash dividends on its preferred stock for 2017.
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Answer:

$1,505,000

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5 0
3 years ago
Many investment advisors argue that after stocks have declined in value for 2 consecutive years, people should invest heavily be
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