1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pychu [463]
2 years ago
8

If $360 is invested at an interest rate of 4% per year and is compounded quarterly, how much will the investment be worth in 18

years? Use the compound interest formula A = P(1 r over n)nt. $175. 86 $422. 39 $430. 61 $736. 96.
Business
1 answer:
podryga [215]2 years ago
5 0

The worth of investment in 18 years will be $1,096.96 after adding $736.96 of the interest amount compounded quarterly.

Computation:

Given,

P Principal amount =$360

r Interest rate =4%

t Time period =18 years

The formula used to determine the compound interest amount is:

A=P\times(1+r)^{n\times\;t}

Substituting the values in the formula:

\begin{aligned}A&=\$360\times(1+0.04)^{4\times18}\\&=\$360\times2.0471\\&=\$736.96\end{aligned}

Therefore, the correct answer for the worth of investment is $736.96.

To know more about compound interest, refer to the link:

brainly.com/question/25857212

You might be interested in
Teel Printing uses two measures of activity, press runs, and book set-ups, in the cost formulas in its budgets and performance r
hoa [83]

Answer:

Spending variance                              $100 unfavorable

Explanation:

The spending variance is the difference between the standard cost allowed for the actual activity and the actual cost of the activity

                                                                                                    $

Standard cost allowed for the actual activity

=7,850 + (402×203) + (952×112)=                                          196,080

Actual cost                                                                                <u>196,180</u>

Spending variance                                                                       <u> 100</u> unfavorable

6 0
3 years ago
a. A challenging job at an organization that raises the bar in data security b. An entry-level position in the marketing area wi
Svetllana [295]

Answer:

d. An accounting position in which 10 years' experience and a license as a CPA will allow me to assist your company with payroll, employee benefits,

Explanation:

THE QUESTION IS THAT

Which of the following is the best career objective for a résumé?

Career objective can be regarded as a personal statement that gives definition of the specifics that one wish to attain in his/her profession.

A resume objective can be regarded as optional part that is been written in a resume which states or specify the career goals as well as outlines ones best skills. It should be noted that one of the best career objective for a résumé is An accounting position in which 10 years' experience and a license as a CPA will allow me to assist your company with payroll, employee benefits,

5 0
3 years ago
At December 31, 2019, Bramble Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,506
ale4655 [162]

Answer:

The earnings per share for Bramble in 2020 is $2.99

Explanation:

This was arrived at by preparing income statement for 2020,where in the results from continued operations and discontinued were shown.

The income from continued operations attracted tax at 35% while the losses from the discontinued operations got a tax benefit at the same 35% tax rate.

Note that the earnings used in calculating earnings per share is net of preferred dividends as only earnings  attributable to ordinary shareholders are considered.

Find attached spreadsheet for the full blown income statement and the calculation of earnings per share.

Download xlsx
5 0
3 years ago
If asset owners in Japan and the United States consider Japanese and U.S. assets as good substitutes for each other and if the U
Aleksandr [31]

Answer: financial inflow will reduce the United States interest rate.

Explanation:

The options include:

a. financial inflow will reduce the United States interest rate.

b. financial outflow will increase the Japanese interest rate.

c. The interest rate gap between the United States and Japan will be eliminated.

d. Loanable funds will be exported from the U.S. to Japan

e. the interest rate in the United States will equal theinterest rate in Japan.

Based on the information given in the question, the things that will occur include:

• financial outflow will increase the Japanese interest rate.

• The interest rate gap between the United States and Japan will be eliminated.

• Loanable funds will be exported from the U.S. to Japan

• the interest rate in the United States will equal the interest rate in Japan.

Therefore, option A is the correct option.

6 0
3 years ago
A note to the financial statements of the First Security Bank indicates that the company self insures itself for the first $500,
trapecia [35]

Answer:

A standard unmodified opinion.

Explanation:

When a note to the financial statements of the First Security Bank indicates that the company self insures itself for the first $500,000 of liability to employees, with liability insurance for the remainder. Based upon this, one would expect the auditors' report to express a standard unmodified opinion.

A standard unmodified opinion is an opinion where financial statements are presented free of any misinterpretation, in all material respects, in accordance with standards known as Generally Accepted Accounting Principles (GAAP) to provide a high level of assurance.

The standard unmodified opinion comprises of report title, audit report address, introduction paragraph, managements responsibility, auditor's responsibility, opinion paragraph, audit report date and signature and address of certified public accountant firm.

5 0
3 years ago
Read 2 more answers
Other questions:
  • _____ is the federal branch responsible for creating guidelines and monitoring workplace safety.
    15·2 answers
  • There are several compelling arguments against job discrimination of any kind. utilitarians reject discrimination because
    7·1 answer
  • What is pure competition?a. A theoretical market structure with very large numbers and identical products.b. A theoretical marke
    8·2 answers
  • The internal rate of return is that discount rate that equates the present value of the cash outflows (or costs) with the presen
    9·1 answer
  • Help with question no.19?
    5·1 answer
  • A fundamental analysis is reviewing a corporation's income statement. For the period, the company reported net sales of $10 mill
    6·1 answer
  • Case precedent is: a. always followed. b. followed if it is within the state. c. examined in each case and is always followed. d
    6·1 answer
  • What the difference between international accounting and domestic accounting
    9·1 answer
  • The trading securities portfolio of Jerome, Inc., had a total cost of $3,000 and
    15·1 answer
  • What is one risk of being an entrepreneur?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!