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Airida [17]
2 years ago
9

Leslie Porter is planning a trip to Europe upon graduation in two years. She anticipates that her trip will cost $14,000. She wo

uld like to set aside an amount now to save for the trip. How much should she set aside if her savings earns 4% interest compounded quarterly
Business
1 answer:
Serjik [45]2 years ago
4 0

Answer:

$12,929

Explanation:

Amount = $14,000

Rate=4%= 0.04

Number of Times Compounded= 4

Time= 2 years

For Compound Interest,

Amount = P(1+ ʳ/ₙ)ⁿᵗ

14000 = P(1+0.04/4)²ˣ⁴

14000=P(1+0.01)⁸

14000=P(1.01)⁸

P= 14000/(1.01)⁸

=$12928.77

Leslie should set aside an approximate sum of $12,929 for her trip.

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2 years ago
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goblinko [34]

Answer:

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2 years ago
Which of these describes the proper handwashing technique? When applying soap and scrubbing, you must?
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4 0
1 year ago
Jordan Broadcasting Company is going public at $50 net per share to the company. There also are founding stockholders that are s
mel-nik [20]

Answer:

a) Immediate dilution based on the new corporate shares that are being offered:

The prompt dilution of the EPS dependent on the issue of new offers would be the EPS registered after the issue. The post issue EPS or dilution EPS will be figured by isolating the income profit with the quantity of offers remarkable on the remainder of day of the budgetary year.

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