NadineLee7466 NadineLee7466

15-10-2020
Business

contestada

What is the value on January 1, 2026, of $40,000 deposited on January 1, 2019, which accumulates interest at 12% compounded annually

Respuesta :

15-10-2020

Answer:

$88,427.

Explanation:

Use the Time Value of Money Techniques to find the value in 2026 (Future Value)

Where,

Pv = - $40,000

i = 12 %

Pmt = $0

P/yr = 1

n = 7

Fv = ?

Using a Financial calculator, the Future Value (Fv) is $88,427.26 or $88,427.

Answer Link

Otras preguntas

Which statements accurately describe gymnosperms? Check all that apply. Some gymnosperms lose their leaves in the winter. Some gymnosperms live to be over 1,000

How to solve this because I do not know how to solve it

What is the solution to 3x+x

what does martial law do in the US?

factor by grouping. 49r cubed + 42r squared -42r - 36

Four Fifths of 2/3 would be what number?

During Buddhas time as ruler, Ashoka became more violent? True/False

Determine the equation of the line for the given information: The graph has y-intercept (0, 6) and contains the point (2, 1).

For most of the school year the number of disciplinary actions taken weekly because of student misconduct at North High School has remained about the same—rough

what is green house effect? Don't say from Google please