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geniusboy [140]
3 years ago
6

An initial deposit of $5000 is put into an account that earns 4% interest, compounded annually. Each year, an additional deposit

of $5000 is added to the account. What is the value of the account after the tenth deposit if no withdrawals or additional deposits are made
Business
1 answer:
Ne4ueva [31]3 years ago
5 0

Answer:

$60,030.54

Explanation:

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An entrepreneur borrows $500,000 today. The interest rate is 11.5%. If the entrepreneur makes annual payments of $70,000 per yea
love history [14]

Answer:

After 18.44 year loan will be paid

Explanation:

We have given an entrepreneur borrows $500,000 today.

So total amount is $500000

Annual payment is of $70000

Rate of interest r = 11.5 %

We have to find the time period

We know that total amount is given by

A=P(1+\frac{r}{100})^n, here A is total amount , P is yearly paid amount, r is rate of interest and n is time period

So 500000=70000\times (1+\frac{11.25}{100})^n

7.142=1.1125^n

Taking log both side

log7.142=nlog1.1125

n\times 0.0463=0.8538

n = 18.44 year

So after 18.44 year loan will be paid

6 0
3 years ago
How would you describe the savings rate in america compared with other industrialized countries?
Natasha_Volkova [10]
United States’ savings rate is only around 10%, much lower than any other countries. There's some reasoning behind it. In fact, countries with the highest savings rates weren’t necessarily the countries with the highest GDPs. GDP os US is $56,300 per capita but their household savings rate of just 4.9%. Also, in Hungary their GDP is $26,000 while their savings rate of 9.0%. This implies that the money they have isn't place on one nest only or put to savings, rather allocated to a much more important sectors. We should not forget taking into account their purchasing power parity, the rate a currency would have to be converted into another to buy the same amount of goods and services of the country. 
6 0
3 years ago
This news segment comes at a time when Alibaba was preparing to offer its stock to investors through the New York Stock Exchange
nataly862011 [7]

Answer:

C. Free cash flow is utilized to fund a diversification strategy and having additional funds could support future investments.

3 0
3 years ago
Which of these products is an example of perfect competition?
Helen [10]
A. correct me if im wrong
8 0
3 years ago
Division A manufactures an aircraft engine component with unit variable product cost of $38 and market price of $50. Division A
olya-2409 [2.1K]

Answer:

The maximum transfer price would be $50.

Explanation:

The maximum transfer price is nothing but the market price for the product , which is the most simple way to derive a transfer price . Here by selling the components of aircraft engines at market price, there are very good chances of high profits to be earned. So the maximum transfer price should be $50.

7 0
3 years ago
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