Answer:
FV= $115,928.81
Explanation:
Giving the following information:
Monthly deposit= $70
Interest rate= 0.12/12= 0.01
n= 24*12= 288
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {70*[(1.01^288) - 1]} / 0.01
FV= $115,928.81
Answer:
$6.
Explanation:
Holding stock of a Public company entitles you to a potential return on your investment which can be in the form of Capital Appreciation/Gain, that is buying at low and selling at high, or Dividends received. In the given question, we are not required to calculate total return rather capital gain, simply the difference between purchase price and selling price, so there is no need to account for dividends. The formula for Capital Gain is given below:
Capital Gain / Appreciation = Selling Price - Purchase Price
⇒ Capital Gain = 38 - 32 = $6.
My answer choice would be "B" " The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors"
Answer:
B.
Explanation:
Due to the rainy season when considering to buy a umbrella the largest risk or concern is how well it will work or its performance.
Respiratory masks when working in areas with fumes or heavy dust, safety glasses, surgical suite growing and shoe covers, gloves (hospital), these are some.