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Genrish500 [490]
3 years ago
12

Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the futur

e value if the interest rate is a simple interest rate?.
Business
1 answer:
expeople1 [14]3 years ago
6 0

Answer:

$14,693.28 (COMPOUNDED ANNUELY)

$14,859.47 (COMPOUNDED QUARTELY)

$14.000. (SIMPLE)

Explanation:

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For most consumers, maximizing utility through consumption generally means finding good deals in order to maximize the utility r
VladimirAG [237]

Answer:

The explanation of that situation is below.

Explanation:

To begin with, the most important factor to have in mind in the situation explained above is the fact that we are talking about a "luxury good" and therefore that when it comes to this type of goods is better when the majority of the people do not possess or at least they must represent the fact that they are exclusive for only some part of the population. That is why that those goods use the strategy of increase always the price because that will means that they are not affordable for the majority of the society but only for a few and that will give to the owner of the good a sense of uniqueness and with that it also comes the sense of superiority. That is why that when it comes to this type of good the analysis change and it collides with the other theory of utility maximation.

8 0
3 years ago
The prepaid insurance account had a beginning balance of $6,600 and was debited for $2,300 for premiums paid during the year. Jo
____ [38]

Explanation:

The adjusting entry is as follows

Insurance expense A/c Dr  $4,800

           To Prepaid insurance A/c  $4,800

(Being the insurance expense is recorded)

The computation is shown below:

= Beginning balance + debited amount - unexpired insurance amount

= $6,600 + $2,300 - $4,100

= $4,800

So while preparing the adjusting entry, we debited the insurance expense account and credited the prepaid insurance account

8 0
3 years ago
Vashon, a manager at a marketing research firm, is trying to determine if his firm was acting ethically when it conducted its la
shutvik [7]
The step involves identification of ethical issues.
4 0
3 years ago
Which one of the following forms is used in connection with registration of securities of a small reporting company with $25 mil
ki77a [65]

Answer: S-1

Explanation:

According to the the securities and exchange commissions, the S-1 is the registration under the SEC act of 1933. Whereby a company file form S-1 in anticipation of IPO (initial public offering).The company must be small reporting company with $25 million of annual revenues and of $25 million of voting securities held by non-affiliates.

4 0
3 years ago
Account A pays simple interest.
maw [93]

Answer:

Explanation:

                          Interest Factors

<u>Periods          6%       7%          8%                  9%            10%             11 %</u>

1                 1.0600      1.0700     1.0800        1.0900     1.1000        1.1100

2                1.1236      1.1449         1.1664         1.1881      1.2100        1.2321

3                1.1910       1.2250      1.2597         1.2950     1.3310         1.3676

4                1.2625      1.3108     1.3605          1.4116       1.4641          1.5181

1)

Future value paying simple interest = Principal + [( principal * interest) * investment period]

Future value paying simple interest = $2,000 + [ ( $2,000 * 9%) * 3]

Future value paying simple interest = $2,000 + 540

Future value paying simple interest = $2,540

2)

Future value paying compound interest = Present value * ( 1 + interest)n

Future value paying compound interest = $2,000 * ( 1 + 0.09)3

Future value paying compound interest = $2,000 * 1.295029

Future value paying compound interest = $2,590.058

3)

Difference = $2,590.058 - 2,540

Difference = $50.058

3 0
3 years ago
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