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djyliett [7]
2 years ago
5

Anna has $38,654 in a savings account that pays 2.3 percent interest. Assume she withdraws $10,000 today and another $10,000 one

year from today. If she waits and withdraws the remaining entire balance four years from today, what will be the amount of that withdrawal
Business
1 answer:
tester [92]2 years ago
3 0

Answer:

$20,676.53

Explanation:

The qeustion is to determine Future Value of the withdrawal Anna will make in 4 years

Amount in Savings - Amount Withdrawn today) x 1 + rate - Amount to be withdrawn a year from today ) x 1 + rate ∧3 years

$38,654 - $10,000 x 1.023

= $28,564 x 1.023

= 29,313.042‬- 10,000 =

19,313.042 x 1.023 ∧3

=19,313.042x 1.070599167

$20,676.53

This means that after withdrawing $10,000 to day and another $10,000 one year form today, from Anna's initial savings of $38,654, she will be able to withdraw her entire balance of $20,676.53 in 4 years time.

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Ross purchased a new commercial vehicle today for $25,000. the entire amount was financed using a five-year loan with a 4 percen
Feliz [49]

Answer:

$28,121

Explanation:

The formula for compound interest is A=P(1+r/100)t, (t) is in the exponent.

P=25,000

r=4

t=3

Once we input the values it will be: A=25000(1+4/100)3

And so our answer is $28,121

P.S The reason we are using compound interest formula is bcz the said (<u>compounded </u>monthly)

6 0
2 years ago
Nori is writing an essay to analyze an advertisement for a piece of athletic equipment. What elements should he include in order
makvit [3.9K]

Answer:

B. The advertising techniques used to persuade the viewer

C. Information about competing products and advertisers

D. What tools the advertiser uses to sell the product the purpose of the advertiser’s message

Explanation:

The essay Nori is writing to analyze advertisement for athletic equipment will be more effective if he includes, the three things above.

The advertising techniques used to persuade the viewer :

It's essential to note the advertising techniques that was used to first grab the viewer's attention in the first place, then sell the idea of the product and persuade the viewer to purchase the product. This piece of information is useful to show the success or failure of different advert techniques.

Information about competing products and advertisers:

Including this information is important because one can view the product and advert technique of competitors and make judgements on how they can improve their product in relation to their competitors and how effective the competitor's advert is when compared to yours.

What tools the advertiser uses to sell the product the purpose of the advertiser’s message:

It is necessary to include this point in the essay because it can be analyzed and if its successful, can be further applied or modified if its considered a failure.

Most companies and businesses rely heavily on advertising to increase customer base and sales so if a successful method is found, then it can repeated or modified.

8 0
2 years ago
Read 2 more answers
You expect KT Industries (KTI) will have earnings per share of $3 this year and expect that they will pay out $1.50 of these ear
EastWind [94]

Answer:

Growth rate  = 7.50%

Explanation:

Given:

Return on investment = 15%

Retention ratio = [1.5 / 3] 100 = 50%

Find:

Growth rate

Computation:

Growth rate  = Return on investment*Retention ratio

Growth rate  = 15% x 50%

Growth rate  = 7.50%

5 0
2 years ago
Movie stars such as Salma Hayeck, Samuel L. Jackson, Dwayne Johnson, and Jennifer Lawrence are paid millions of dollars per movi
Sladkaya [172]

Answer:

False

The diamond-water paradox is illustrated by stating that the marginal benefit of the services provided by doctors and nurses is relatively lower than the marginal benefit of the services provided by major film stars.  This implies that the supply of doctors and nurses is larger than the demand while the demand for major film stars is larger than the supply.

Explanation:

The marginal utility derived by film consumers from major film stars is higher than the marginal utility derived by patients from doctors and nurses. This is because consumers of the services of major film stars are willing to pay more for the services than consumers of the services of doctors and nurses. Though health is more crucial to life than films, but consumers place more utility value on films than they do on their health, especially after attaining the basic sound health. This actually explains the diamond water paradox, where consumers value diamond and are willing to pay more for diamond than they are willing to pay for life-sustaining water. In a layman's language, people are more willing to value the satisfaction they derive from one more additional film than they are to value the satisfaction they derive from additional healthcare. That means that people only care for the basic in healthcare. But, they can stake more to acquire more diamond.

8 0
2 years ago
You are considering two mutually exclusive projects. Project A has cash flows of −$72,000, $21,400, $22,900, and $56,300 for Yea
gladu [14]

Answer:

Choose Project A whose payback is 2.492 years and therefore falls within the 2.5 year required payback period.

Explanation:

Project A    

Year   Cash-flow   Balance

0    (72,000)    (72,000)

1    21,400     (50,600)

2    22,900     (27,700)

3    56,300     28,600  

Payback = YearsWithNegativeCumulativeCashflowBalance + \frac{-LastNegativeBalance}{CashInflowfollowingYear}&#10;

= 2years + \frac{-(-27,700}{56300}=2.492 years

Project B      

Year  Cash-flow          Balance  

0    (81,000)    (81,000)

1    20,100     (60,900)

2    22,200     (38,700)

3    74,800     36,100  

Payback = YearsWithNegativeCumulativeCashflowBalance + \frac{-LastNegativeBalance}{CashInflowfollowingYear}&#10;

= 2years + \frac{-(-38,700}{74,800}=2.517 years

5 0
2 years ago
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