In what generation of computers was the<br> supercomputer first introduced?

Staci invested $900 three (3) years ago. Her investment paid 10.8 percent interest compounded monthly. Staci's twin sister Shell

tekilochka [14]

Staci's investment is worth today <u>$1,242.58</u>.

Shelli's investment is worth today <u>$1,107.83</u>.

<h3>What is the future value of an investment?</h3>

The future value of an investment is the present value compounded periodically at an interest rate.

The future value can be determined using an online finance calculator as below.

<h3>Data and Calculations:</h3>

Staci's investment = $900

Investment period = 3 years

Interest rate = 10.8% compounded monthly

Stack's twin investment = $800

Investment period = 3 years

Interest rate = 11% compounded quarterly

<h3>Staci's investment:</h3>

N (# of periods) = 36 months (3 x 12)

I/Y (Interest per year) = 10.8%

PV (Present Value) = $900

PMT (Periodic Payment) = $0

<u>Results</u>:

FV = $1,242.58

Total Interest = $342.58

<h3>Shelli's investment:</h3>

N (# of periods) = 12 quarters (3 x 4)

I/Y (Interest per year) = 11%

PV (Present Value) = $800

PMT (Periodic Payment) = $0

<u>Results</u>:

FV = $1,107.83

Total Interest $307.83

Thus, the worth of Staci's investment today is <u>$1,242.58</u>, while Shell's is <u>$1,107.83</u>.

Learn more about determining future value at brainly.com/question/24703884

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6 0

2 years ago

Which of the following are criteria for determining whether to record an asset as a fixed asset?

valentinak56 [21]

Answer:

must be long lived and used by the company in its normal operations

Explanation:

An assets is something that will help the company to generate value.

8 0

3 years ago

If a contract provides a set amount of income for two or more persons with the income stopping upon the first death of the insur

Alexeev081 [22]

If a contract provides a set amount of income for two or more persons with the income stops upon the first death of the insured, it is called a <u>Joint life annuity.</u>

<u />

A contract is an agreement between private events creating mutual obligations enforceable by law. The basic factors required for the settlement to be a legally enforceable settlement are mutual assent, expressed by way of a legitimate offer and popularity; good enough consideration; capability; and legality.

The three maximum common settlement sorts consist of fixed-price contracts. cost-plus contracts. Time and substances contract. An instance of the contract is a loan settlement between shoppers and dealers of a vehicle. An example of a contract is a settlement between two human beings to be married.

Learn more about the contract here: brainly.com/question/5746834

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3 0

2 years ago

On January 30, 2014, your parents lent you $400. On January 30, 2015, you repaid the loan by writing your parents a check for $4

grandymaker [24]

Answer:

The annual interest rate charged would be 8%

Explanation:

The annual interest rate which is charged by the parents for the loan is computed as:

Interest rate = (Amount repaid for loan - Lent amount by parents) /Lent amount by parents × 100

where

Lent amount by parents is $400

Amount repaid for loan is $432

Putting the values above:

Interest rate = ($432 - $400) / $400 × 100

Interest rate = $32/ $400 × 100

Interest rate = 0.08 × 100

Interest rate = 8%

4 0

3 years ago

You are planning to save for retirement over the next 44 years. To do this, you will invest $500 a month in a stock account and

OverLord2011 [107]

Answer:

MILLONS

Explanation:

8 0

3 years ago

In what generation of computers was the supercomputer first introduced?