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2 years ago

Sue now has $125. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding

Business

1 answer:

hichkok12 [17]2 years ago

8 0

Answer:

FV= $240.08

Explanation:

Giving the following information:

Sue now has $125.

Number of periods= 8 years

Interest rate= 8.5% with annual compounding

To calculate the future value of the investment, we need to use the following formula:

FV= PV*(1+i)^n

FV= 125*(1.085)^8

FV= $240.08

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Answer:

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Explanation:

Giving the following information:

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Final value= 55,000*25= 1,375,000

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Isolating A:

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1 year ago

Uncollectible Accounts, Using Direct Write-Off Method Illustrate the effects on the accounts and financial statements of the fol

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Answer and Explanation:

The effect of the given transaction is shown in the attachment below. Please find the attachment

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