You plan to make a series of deposits in an interest-bearing account. You will deposit $1,000 today, $2,000 in 2 years, and $8,000 in 5 years. If you withdraw $3,000 in 3 years and $5,000 in 7 years, how much will you have after eight years if the interest rate is 9%?

Answers

Answer 1

Answer:

$5,641

Explanation:

DEPOSIT NOW  

$1000 * FVIF 9%,8 PERIODS

= $1000 * 1.9926

= $1992.6

IN 2 YEARS

= $2000 * FVIF 9%,6 PERIODS

= $2000 * 1.6771

= $3354.20

IN 5 YEARS

= $8000 * FVIF 9%, 3 PERIODS

= $8000*1.2950

= $10360

WITHDRAWAL: IN 3 YEARS

= ($3000) * FVIF 9%, 5 PERIODS

= ($3000) * 1.5386

= ($4615.80)

IN 7 YEARS

= ($5000) * FVIF 9%, 1 PERIOD

= ($5000) * 1.0900

= ($5450)

Total value = $1992.6  + $3354.20 + $10360  - $4615.80 - $5450

Total value = $5,641

So, the total future value after eight years is $5,641


Related Questions

Correll Company has two divisions, A and B. Information for each division is as follows: Division A B Operating Profit $40,000 $260,000 Investment in Division $100,000 $1,200,000 Weighted Average Cost of Capital 12% 12% Profit Margin Percentage 10% 20% What is the investment turnover for Division A?

Answers

Answer:

The investment turnover for Division A is 4.

Explanation:

The computation of the investment turnover ratio for division A is shown below

Operating profit = $40,000  

Profit margin percentage = 10%

Profit margin percentage = Operating profit ÷ Net sales

10% = $40,000 ÷Net sales

Net sales = $400,000

Investment = $100,000

Now  

Investment turnover = Net sales ÷  Investment

= $400,000 ÷ $100,000

= 4.00

hence, The investment turnover for Division A is 4.

Timothy Carter has net monthly income of $3,800. He has a monthly auto loan payment of $350, a student loan payment of $150, a mortgage payment of $1,200, and a credit card minimum payment of $45. What is his debt-payments-to-income ratio

Answers

Answer:

45.9%

Explanation:

The computation of the debt payment to income ratio is as follows:

Income = $3,800

And,

Debt payment is

= auto loan payment + student loan payment +mortgage payment + credit card payment

= $350 + $150 + $1200 + $45

= $1745

So,  

Debt payment to income ratio is

= Debt payment ÷  income

= $1,745 ÷ $3,800

= 0.459

= 45.9%

The main purpose of a cover letter is to:
a. Get hired for a position
b. Be called in for an interview
C. Let yyour friends know how your job search is going
d. Obtain references from your network

Answers

Answer:

be called for an interview

NEED ASAP
What are the steps for properly carrying an item

Answers

Answer:

Do not twist or turn the body; instead, move your feet to turn. Your hips, shoulders, toes, and knees should stay facing the same direction. Keep the load as close to your body as possible with your elbows close to your sides. If you feel fatigued, set the load down and rest for a few minutes.

Explanation:

What is gross pay?


when the cost of living rises


salary before taxes


salary after taxes


legal payment for work completed

Answers

The answer is salary before taxes

Which type of reference group influence usage, while creating advertisements, has raised the most ethical concerns since it plays on people's insecurities and fears

Answers

Identification influence

What negative consequences might a company face if they failed to keep accurate financial records

Answers

Answer:

Taxes

Explanation: a negative consequence you may face is paying more taxes than what is called for, you have you pay it otherwise tax fraud is a thing. Not only that but when tax return comes around you won't get paid the full amount. Hope this helps.

TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.

Answers

Answer is : True
Explanation: none

Which is better 21 jump street or 22 jump street?

Answers

Answer:

according to my calculation its 21.

Explanation:

Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which
workers can be self-employed. Which careers have the highest and lowest self-employment rates?
O Insurance sales has the highest rates, and tax preparation has the lowest rates.
O Personal financial advising has the highest rates, and investment fund management has the lowest rates.
O Investment fund management has the highest rates, and insurance sales has the lowest rates.
O Tax preparation has the highest rates, and personal financial advising has the lowest rates.

Answers

Answer:

Its A.

Explanation:

The correct option is A.

Which careers have the highest and lowest self-employment rates?

Insurance sales have the highest rates, and tax preparation has the lowest rates. Personal financial advising has the highest rates, and investment fund manager has the lowest rates.

What do most careers in finance deal with?

A person who plans, summarizes, analyzes, and interprets accounting information. Keeps an establishment for the deposit or loan of money, or for traffic in money, bills of exchange, etc.

Learn more about Insurance sales here https://brainly.com/question/25855858

#SPJ2

People need to have ____ in the economy to spend money.

A) less disposable income
B) confidence
C) purchasing power

Answers

Answer:

B) confidence

Explanation:

Consumer confidence represents the level of optimism that consumers have on the general state of the economy. Consumer confidence is an expression of sentiments that the population has on the economic prospects in the country. The consumer confidence indicator is the metric used to measure consumer confidence.

High consumer confidence indicates that consumers are very optimistic about the prospects of the economy. When confidence is high, consumers tend to spend and invest more. With low confidence, consumers save more.

A dealer in U.S. government securities quotes a 5-year Treasury note at 89.12-89.16. In dollars, that represents a spread of

Answers

Answer:

0.00125

Explanation:

In order to determine the spread of the dealer's quote, there is a need to undertstand that the first price quoted is known as bid price, which is the price the dealer is willing to purchase the securities while the second one is the ask price, the dealer's selling price.

From a conventional point of view(norm), the spread is the ask minus the bid price divided by 32 as shown thus:

spread=(89.16-89.12)/32=0.00125

1. State TWO responsibilities performed by a treasurer at a
meeting

Answers

The Treasurer is responsible for handling the money raised at events, making approved payments and making arrangements for counting of money at events, The Treasurer should report on the current financial position at each committee meeting and this should be recorded in the minutes.

In order to achieve a balanced, rapid flow through a Lean system, disruptions must be minimized. What are some causes of disruptions in production

Answers

Answer:

- Quality problems

- Equipment breakdowns

- Late deliveries from suppliers

Explanation:

The key causes of disturbances in the production would include the 'issues associated with the quality,' 'breakdowns in the equipment,' and the 'delayed delivery of raw materials from the suppliers.' These disruptions will not only affect the effectiveness and efficacy of the process but also influence the timely achievement of desired outputs and goals. Thus, in order to ensure the effective accomplishment of targets, it becomes necessary to minimize these disruptions and follow a lean and smooth system.

Betty made a 20% profit on a residential lot she sold for $30,000. What did she pay for the property

Answers

Answer: $25000

Explanation:

From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.

Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.

120% × x = $30000

1.2x = $30000

x = $30000/1.2

x = $25000

Therefore, the amount paid for the property is $25000

Are Age, sex and race are the only characteristics in the protected class?

Answers

Answer:

Under federal law, employers cannot discriminate on the basis of race, color, national origin, religion, sex, age, or disability. The law is not, however, a blanket bar on employers taking into account a person's membership in one of these groups in all circumstances

Explanation:

can i get brainlist

Which of the following are advantages of accrual basis
accounting? (Select two answers.)
It meets GAAP standards.
It is good at tracking cash flow.
olt records transactions only when cash changes har
It allows you to track money that is owed but not yet
It means you don't have to use receipts or invoices.

Answers

Answer:

My opinion is A It meets GAAP standards.

 & D It allows you to track money that is owed but not yet

Explanation:

C It records all actions and E is required for a invoice if incase if it's over 100- 1000, to ensure it's possibly not being stolen or ensure they want this actions

what do you mean by pricing. In what situation price is reduced​

Answers

Answer:

Explanation

Meaning that as they lower their prices, the cost per unit is lowered and therefore their profits remain the same. If the business is breaking into a new market, starting off with a very low market share, and have the financial backing and resources to offer a lower price than competitors.

why are improvement required in traditional technology? give two reason.​

Answers

Answer:

Technology can be used to improve teaching and learning and help our students be successful.  Instead of the teacher being the only source of help in a classroom, students can access web sites, online tutorials, and more to assist them

Explanation:

The improvement required in traditional technology is to bring it up to date. The reason behind improving or updating anything is to give it the latest version so that it will be as useful as it was earlier.

Another reason is to make it available for the usage of current consumers.

What is traditional technology?

Traditional technology refers to technology that uses late designs in the process. They were designed according to that time, when they were demanded for use.

Therefore, with the change in time, it is also required to improve traditional technology.

Learn more about traditional technology from here:

https://brainly.com/question/24407009

#SPJ2

How long would it take to double your money in an account that paid 6% per year

Answers

Answer:

depending on how much you put in there to start with but 5 to 10 years

The development of market power by a firm is considered to be a market failure because firms with market power will

Answers

The correct answer is that firms with market power will produce less and charge a higher price than what would be socially optimal.

Goods sold to Mahesh Rs 20000 journal entries​

Answers

Answer:

see below

Explanation:

This transaction is affecting sales. It is increasing sales( revenue account) by Rs 20,000.  An increase in sales is recorded by crediting the sales account.

The goods are sold to Mahesh. It is an increase in accounts receivable ( asset account). An increase in assets is recorded as a debit to the asset account.

The Journal will be as follows.

 Mahesh A/c Dr. Rs. 30,000

   Sales A/c                                 Cr. Rs.20,000

 

List four people you know who would be good references to include on a job application. What is their relationship to you? Explain why you have selected them. ​

Answers

Answer:

Explanation:

Someone you have worked with previously (a coworker). They would be able to speak for how well you work with other people, how you contribute to the environment etc.

Boss from previous job. They can testify to the quality, quantity, regularity and consistency of work + how responsible and dependant you are.

Someone you do volunteer work with or anything extra-curricular related to job. Shows passion and character outside of a professional environment.

A teacher (if its your first job), who can show how well you learn new skills and how willing you are to be critiqued and improve.

Answer:

My friend Sanatana, we worked together really well. My other friend Feliciti, we worked on register together. My friend Daniel, he and I worked salads together. My mom, who would be a good character reference.

Sara wants to purchase new equipment for her home office. The sales tax rate that will apply when she makes her purchase is 6%. Here is a list of items she wants to purchase:

keyboard, $9.99
mouse, $14.99
22-inch monitor, $99.99
chair, $129.99
If Sara has $275 to spend on new equipment for her home office, she ____
be able to purchase all of the items on her list because the total of her purchase after applying sales tax is ____
BLANK ONE:
Will
Will not

BLANK TWO:
$254.96
$270.26
$272.81
$277.91

$

Answers

Answers:

Blank One: WillBlank Two:  $270.26 (choice B)

=========================================================

Explanation:

Add up the prices given to get

9.99+14.99+99.99+129.99 = 254.96

This is the total amount before tax.

Now let's calculate the tax based on this subtotal.

6% of 254.96 = 0.06*254.96 = 15.2976 which rounds to 15.30. So the sales tax is $15.30 which is added on top of the previous subtotal which gets us 254.96+15.30 = 270.26

A different way to get this is to multiply 254.96 by 1.06 and you should get 270.2576 which rounds to 270.26

Assuming there are no other taxes, fees or surcharges, the value $270.26 is the grand total that Sara will have to pay if she wants all of those items.

Since $270.26 is smaller than $275, this means she will be able to purchase all of the items. Her change will be 275-270.26 = 4.47 dollars.

An income statement reports information over a period of time, indicating the financial progress of a business in earning a net income or net loss. (PG 182)

Answers

Answer:

True

Explanation:

An income statement is among the three important financial statements that a business prepares at the end of every financial year. It is divided into three main sections of revenues, expenses, and income.

The revenue section lists all sources of revenues and any adjustments to obtain the net revenue. The expenses section shows all business expenses and their total. The income section is the difference between revenue and expenses. A positive income means the made profits, while a negative income indicates losses.

"Under the Uniform Securities Act, which methods of storage are permitted to retain required records?"

Answers

Answer:

All of the options

Explanation:

These are the options for the question

I Microfilm

II Microfiche

III Digital Storage

IV Computer Tapes

Security act was set up for regulation of stock market. It should be noted that Under the Uniform Securities Act, the methods of storage below are permitted to retain required records;Microfilm

II Microfiche

III Digital Storage

IV Computer Tapes

brainliest for the people who no why ro/blox not working to day

Answers

Here you go, Its in the picture.

Answer:

Try updating the game

Explanation:

"Who is responsible for filing a U-5 Form with IARD when an investment adviser representative is terminated and associates with another advisory firm?"

Answers

Answer: The investment adviser that is the former employer is responsible

Explanation:

U-5 is a security industry termination form filled by the employer that terminates an individuals employment.

When the individual relates with another advisory firm, the new employer now reactivates the individuals registration by filling a U-4 with IARD. The employee is not really notified when both forms are filled

Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high school in five years. Roughly how much more will Martha need to save for one-year’s tuition to account for an annual rate of inflation of 3%?

$1,590.00
$1,255.00
$300.00
$3,000.00

Answers

Answer:

$1,590.00

Explanation:

Martha has $10,000 saved one. She will join college after 5 years.

Tuition for one year is $10,000. Inflation rate is 3%

The applicable formula is A = P ( 1+ r) ^n

Where A = amount after 5 years

P= principal amount $10,000

r= interest rate 3% of 0.03

n = 5 years

A= $10,000( 1+ 0.03) ^5

A = $10,000 ( 1.03)^5

A= $10,000 x 1.159

A= 11,590.00

Marthe already has $10,000. She will need  11,590.00 - $10,000 more

=$1,590.00

HELP MEEEE


A family buys a new home for $150,000. However, they also have to set aside
an extra $1,500 to pay to the local government for owning the house. This is
the result of the:
A. estate tax.
B. sales tax.
C. income tax.
D. property tax.

Answers

Answer:

Property tax

Explanation:

This is the answer from my according because under construction properties tax is 12%

P R Ø P Э R T Y TAX

Answer right there ⬆️

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