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belka [17]
3 years ago
11

If $3000 is invested at 9% interest, compounded annually, then after n years the investment is worth an = 3000(1.09)n dollars. (

a) Find the first five terms of the sequence {an}. (Round your answers to the nearest cent.)
Business
1 answer:
Charra [1.4K]3 years ago
4 0

Answer:

The first five terms of the sequence are:

First year: $3270.00

Second year: $3564.30

Third year: $3885.09

Fourth year: $4234.75

Fifth year: $4615.87

Explanation:

When we're dealing with compound interest rates we're dealing with interests being re-invested into the original investment. This means that the new interests of one period will bear interests in the next period. This can be simply calculated using the compound interest formula.

The formula for compound interest rates is P(1+i)^{n}

Where:

<em>P</em> is the principal amount being invested,

<em>i</em> is the interest rate,

<em>n</em> is the number of years.

So for the first year we replace in the formula with the given values:

3000 × (1.09)^{1} = $3270

And for the rest of the years we only need to modify the value of <em>n</em>.

For the second year we'd have:

3000 × (1.09)^{2} = $3564.3

And so on.

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The free cash flow to the firm is reported as $205 million. The interest expense to the firm is $22 million. If the tax rate is
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Answer:

The correct answer is $2,444.6 billion

Explanation:

FCFE= FCF+ Increase in debt- Interest (1-t)

        =  $205+$25-$22( 1-0.35)

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Market Value = [(215.7)1.02)]/ [11%-2%]

                      =$2,444.6

Assuming a single period growth rate of 2%,

the forecasted FCFE =$215.7(1+0.02)

                                  =$220.01 billion

Although this is not available in the options provided ,$220.01 billion is the correct answer.

4 0
3 years ago
Anna recently moved to Boston in order for her husband Joe to begin a new job as an economics professor at Harvard. Anna is an e
kirill115 [55]

Answer:

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Explanation:

8 0
2 years ago
(b) Cite 3 reasons for and 3 reasons against rebuilding Greensburg as a “green town.”
mamaluj [8]

Answer:

The following are 3 against reasons for the reconstruction of Greensburg as the "green city":

Explanation:

Following are the reasons and the counter reasons:

Reasons:

  • Its tornado was something which will never be large as ever before, in which the city has been harmed and 95% of his residences have been destroyed. It also offers you to recreate the green city.  
  • The creation of a green city would also enable many cities to the devastated area to integrate with green technology.  
  • The Greenburg would become an icon with style as well as a prototype for the building of a clean energy city.

Counter Reason:  

  • The green tech isn't cheap and it would put pressure on the public resources.  
  • When a tornado of the same size hit Greenburg, then nobody would cause a serious source of financial and private assets.  
  • The city should give priority to tornado refugee camps that are capable of protecting public goods instead of building a green culture.
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3 years ago
The tool that can be used to depict main causes for an identified quality problem, subdivided into categories represented as mac
jeyben [28]

Answer:

Fishbone diagram

Explanation:

The fishbone diagram, also known as Ishikawa diagram or the cause and effect diagram is a visualization tool used for grouping the likely causes of a problem to know its root causes. A fishbone diagram blends brainstorming with a mind map template.

A fishbone diagram is used for troubleshooting and product development. After all the likely causes of a problem has been brainstormed by the group, the facilitator rates the possible causes in accordance to their importance. The diagram's design resembles a fish skeleton. Fishbone diagrams are usually made at team meetings.

3 0
3 years ago
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Scot and Vidia, married taxpayers, earn $90,400 in taxable income and $5,000 in interest from an investment in City of Tampa bon
EastWind [94]

Answer:

a) Since Scot and Vidia's ordinary income = $90,400 + $81,000 = $171,400, their marginal tax rate will be 24%, and they will owe $29,211 + [($171,400 - $171,500) x 24%] = $29,295 in taxes

They will also have to pay 15% of $5,000 (capital gains) = $750

b) Since Scot and Vidia's ordinary income = $90,400 - $81,000 = $9,400, their marginal tax rate will be 10%, and they will owe $9,400 in taxes

They will also have to pay 15% of $5,000 (capital gains) = $750

4 0
2 years ago
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