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
mel-nik [20]
2 years ago
8

The Masterson family is setting up a vacation fund, and they plan on depositing $1,000 per quarter in an investment that will pa

y 12% annual interest. What amount will they have available for their vacation at the end of 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Business
1 answer:
natali 33 [55]2 years ago
6 0

Answer:

$8,892.34

Explanation:

This question is an ordinary annuity type of question. It can be solved using a financial calculator. Input the following to solve for the future value of the annuity deposits;

Recurring payment; PMT = -1,000

Duration of investment; N = 2*4 = 8 quarters

One-time present cashflow; PV = 0

Quarterly interest rate ; I = 12% /4 = 3%

then compute the future value ; CPT FV = $8,892.34

You might be interested in
Ben works at a top accounting firm in salt lake city, and his responsibilities include writing letters, memos, and emails along
rosijanka [135]

The correct answer is information levels. It is because as Ben works at the top accounting firm, he has responsibilities of developing the individuals and departmental goals, and as well as generating financial analysis by which these duties are likely to provide value add to their company and it categorized as different information levels.

5 0
2 years ago
Abbit Co uses LIFO for it's inventory valuation. Given the historical cost of product Z is $60, the selling price of product Z i
Tom [10]

Answer:

$41

Explanation:

The last-in, first-out inventory valuation method establishes that the inventory will be valued at the same price as the last units purchased or produced. This system considers that the last units that enter our merchandise inventory are the first ones to be sold.

In Abbit's case, the last units to enter their inventory cost $41 per unit (replacement cost). SO if we use the LIFO system then we will use the $41 per unit cost.

8 0
2 years ago
Caars Inc. issued a 120-day note in the amount of $360,000 on November 1, 2016 with an annual rate of 6%. What amount of interes
Arte-miy333 [17]

Answer:

The amount of interest accrued as of December 31, 2016 is $10,980.

Explanation:

On December 31, two months interest is accrued and this is equivalent to 61 days (30 days for November and 31 days for December).

Calculation of Interest accrued is as follows ;

Interest accrued =  $360,000 × 6% × 61/120

                           =   $10,980

3 0
2 years ago
On his way home from work, Phil stopped at a shopping center. He parked in front of the dry cleaner, where he could pick up his
lorasvet [3.4K]
<h3>Hello there!</h3>

Your question asks what type of shopping center Phil is shopping at.

<h3>Answer: Neighborhood Center</h3>

The reason why "Neighborhood Center" would be the correct answer is because the stores that Phil is going to is more "convenient."

The stores that Phil went to: dry cleaner, gift shop, and supermarket are all stores that are more convenient to customers. Neighborhood centers have stores that are more convenient to customers, due to the fact that they people would be shopping for essential items that would go well with ones well being or for the house.

Since the stores that Phil shopped at are convenient stores, and neighborhood centers have convenient stores, this means that Phil is shopping at a Neighborhood center.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
6 0
2 years ago
Solar represents a minuscule portion of u.s. energy production because of ________.
lions [1.4K]
I believe it should be lack of investment
6 0
2 years ago
Other questions:
  • Glenn is the R&amp;D manager with Quick Print Inc. The company is having a problem with one of its most popular copiers jamming.
    7·1 answer
  • Emma Clumsy, the insured, makes a contract with Rest in Peace Insurance Company, the insurer, whereby Emma will pay quarterly pr
    14·1 answer
  • Victor works for a company that highly values performance-oriented traits, such as achieving a certain level of sales and increa
    15·1 answer
  • Market value ratios give management an indication of what investors think of the companies and future prospects. The market valu
    11·1 answer
  • Fortified Fiber Corporation (FFC) has a manufacturing process that produces three products that together incur joint costs. FFC'
    14·2 answers
  • Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman'
    8·1 answer
  • Discussion Questions What project management tasks should Kelvin perform before his next meeting? What change management tasks s
    5·1 answer
  • Altacey, a multinational company that sells consumer durables, divides its target markets on the basis of the density of populat
    8·1 answer
  • During its first year of operations, Anthony Lupa set up Lupo Inc. and invested $15,000 in the corporation. The company earned $
    8·1 answer
  • On January 1, Damon, for consideration, orally promised to pay Gary $300 a month for as long as Gary lived, with the payments to
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!