Business, 07.06.2020 00:57 danielle1572

You just received a bonus of $4 comma 000. a. Calculate the future value of $4 comma 000, given that it will be held in the bank for 7 years and earn an annual interest rate of 5 percent. b. Recalculate part (a) using a compounding period that is (1) semiannual and (2) bimonthly. c. Recalculate parts (a) and (b) using an annual interest rate of 10 percent. d. Recalculate part (a) using a time horizon of 14 years at an annual interest rate of 5 percent. e. What conclusions can you draw when you compare the answers in parts (c) and (d) with the answers in parts (a) and (b)?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 20:30, maguilarz2005

Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted

Answers: 2

continue

Business, 22.06.2019 21:20, fespinoza019

Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was:

Answers: 2

continue

Business, 23.06.2019 00:00, Lkirjnnfcxd5039

Asap! the following information is given for tripp company which uses the indirect method.

Answers: 1

continue

Business, 23.06.2019 09:00, danielahchf

Jorge is attending college next year. he just got information on the college costs and the financial aid package the college is offering. jorge knows his parents can contribute $4,500 each year. jorge’s college costs & financial aid package per year costs financial aid package tuition & fees grants & scholarship $26,000 $18,500 room & board work-study $12,500 $8,500 how much will jorge need to pay each year from his own savings and from loans? $3,000 $7,000 $7,500 $11,500

Answers: 2

continue

You know the right answer?

You just received a bonus of $4 comma 000. a. Calculate the future value of $4 comma 000, given that...