answer.
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
velikii
2 months ago
7

Future Value (LG5-1) Compute the future value in year 8 of a $4,400 deposit in year 1, and another $3,900 deposit at the end of

year 3 using an 10 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Future value =_______
Business
1 answer:
stepan [3.5K]2 months ago
3 0

Answer:

Total future value = $15,712.78

Explanation:

To find the future value, utilize the following formula:

FV = PV × (1+r)^n

Where FV represents future value, n equals the years, and r is the annual interest rate.

First deposit

FV = 4,400 × (1.1)^8 = 9,431.79

Second deposit

Since this deposit occurs at year 3, by the conclusion of year 8, the time period is = (8-3) = 5 years

FV = 3,900 × (1.1)^5 = 6,280.98

Total future value = 9,431.79 + 6,280.98 = $15,712.779

Total future value = $15,712.78

You might be interested in
Because of the high volume of bicycles as a common form of transportation in Beijing and Shanghai, Carl wants to sell his bicycl
Scilla [3833]

Answer:

Economically speaking, Carl's business outlook is subject to variations in the currency values of the US and China.

Explanation:

  • The agreement that Carl plans to propose is sensitive to the fluctuation that occurs if the Chinese Yuan depreciates against the US dollar after he begins selling the bicycle horns, which could result in financial losses for him.
  • Thus, whether Carl will gain a profit or suffer a loss hinges entirely on the exchange rates of the two currencies.
8 0
2 months ago
Ultra Co. uses a periodic inventory system. The following are inventory transactions for the month of January: 1/1 Beginning inv
soldi70 [3635]

Answer:

$830,000

Explanation:

For the month of January, Ultra Co.'s inventory details are:

Date               Units   Unit total      Cost per unit     Total cost   

January 1             20,000           $260,000       $13        

January 20          30,000           $710,000         $15        

January 23          40,000           $1,390,000       $17      

January 31          (50,000)         ($16.60)    ($830,000)

Ending inventory                     40,000                     $560,000

Applying the last-in, first-out (LIFO) method, COGS equals (40,000 units x $17) + (10,000 units x $15) = $680,000 + $150,000 = $830,000.

5 0
2 months ago
If the probability is 0.54 that Stock A will increase in value during the next month and the probability is 0.68 that Stock B wi
marusya05 [3725]

Answer:

The likelihood that neither of the stocks will rise is 0.14.

Explanation:

According to the Complement Rule, the combined probabilities of an event and its complement total 1.

Given the probabilities of Stock A or B increasing, to find the likelihood that neither will happen, we need to consider their complements.

The complement for Stock A =1-0.54=0.46

The complement for Stock B =1-0.68=0.32

To calculate the probability of both events not occurring, we multiply these complements.

The probability that neither of these two events occurs is 0.46 x 0.32 = 0.1472‬

7 0
2 months ago
Which revision eliminates the pronoun shift in the sentence below? if a student wishes to go on the field trip, they must bring
Scilla [3833]
Answer;
To attend the field trip, a student must submit a permission slip.

Explanation; 
This is due to the fact that a singular noun like student requires a singular pronoun. The subject and verb must be in agreement, meaning instead of using the plural pronoun they with a singular noun, the correct pronouns are he or she.[[TAG_9]]
3 0
2 months ago
Read 2 more answers
Other questions:
  • When sam goes to a restaurant, he always tips the server $2 plus 10% of the cost of the meal. if sam’s distribution of meal cost
    7·1 answer
  • Which of the following types of inventory describes inventory that has been purchased but not​ processed?
    6·1 answer
  • A company that usually sells satellite TV equipment for $50 and two years of satellite TV service for $450 has a special, time-l
    11·1 answer
  • You purchased a ticket to the musical Hamilton through a verified reseller for $457.00. When your ticket arrives, you see that t
    9·1 answer
  • The Parts Division of Nydron Corporation makes Part Y6P, which it sells to outside companies for $17.00 per unit. According to t
    7·1 answer
  • Beranek Corp has $855,000 of assets (which equal total invested capital), and it uses no debt—it is financed only with common eq
    10·1 answer
  • A portfolio manager is considering adding another security to his portfolio. The correlations of the 5 alternatives available ar
    10·1 answer
  • A graphical representation of all organizational jobs along with the numbers of employees currently occupying those jobs and fut
    5·1 answer
  • Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinc
    6·1 answer
  • The only deposits of a rare and sought-after mineral known as ursarite are found in Russia. Since no other nation has deposits o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!