Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

If the interest rate is 8% per year, what is the future value of $5,000 at the end of 5 years? Choose the most accurate

If the interest rate is 8% per year, what is the future value of $5,000 at the end of 5 years? Choose the most accurate one

A $3,403

B $7,347

C $8,285

D $8,530

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

EAuditing Fundamentals Virtual Communication And Remote Auditing

Authors: J.P. Russell, Shauna Wilson

1st Edition

0873898486, 978-0873898485

More Books

Students also viewed these Accounting questions

Question

★★★★★

A mass balance for a chemical in a completely mixed reactor can be written as Vdc/dt = F Qc kVc2 where V = volume (12 m3), c = concentration (g/m3), F = feed rate (175 g/min), Q = flow rate (1...

Answered: 1 week ago

Question

★★★★★

The distribution of income tends to be skewed to the right. Suppose you are running for a congressional seat and wish to portray that the average income in your district is low. Which measure of...

Answered: 1 week ago

Question

★★★★★

5. The Goddess and Wise Old Man archetypes represent mentor figures for both male and female heroes respectively. Does your hero encounter and integrate wisdom or guidance from a mentor figure? If...

Answered: 1 week ago

Question

★★★★★

Kaplan Services Company (KSC) has 60 employees, 36 of whom are assigned to Division A and 24 to Division B. KSC incurred $330,000 of fringe benefits cost during 2014. Required Determine the amount of...

Answered: 1 week ago

Question

★★★★★

We really need to get this new material-handling equipment in operation just after the new year begins. I hope we can finance it largely with cash and marketable securities, but if necessary we can...

Answered: 1 week ago

Question

★★★★★

Marcia observed the following cash flow series (in $1000 units) in an accounting report at work. The actual amounts in years 1 and 4 are missing; however, the report states that the present worth in...

Answered: 1 week ago

Question

★★★★★

15. Mr. Debtor owes Mr. Creditor P100, 000. On the due date, Mr. Debtor delivers a cashier's check for the full amount. Mr. Creditor refuses to accept the check. a. Debtor may make a consignation by...

Answered: 1 week ago

Question

★★★★★

How to identify hardware in a system using CLI or GUI? Make sure you cover the 5 major components of your computer along with the other components that are of interest (things like networking and GPU...

Answered: 1 week ago

Question

★★★★★

1. What music streaming services do students at Olympia High use? 33% of students use Apple Music, 41% use Spotify and 18% use both services. A-Apple Music S=Spotify (a) Create a two way table to...

Answered: 1 week ago

Question

★★★★★

If you borrow $15000 for 4 years at an interest rate of 7.44% per annum, with the interest compounding quarterly, how much will you have to pay at the end of the period? $_______________ (two decimal...

Answered: 1 week ago

Question

★★★★★

Onyemah Corporation uses the FIFO method in its process costing system. Operating data for the Brazing Department for the month of November appear below: Percent Complete with Respect to Units...

Answered: 1 week ago

Question

★★★★★

Describe a persuasive message.

Answered: 1 week ago

Question

★★★★★

Identify and use the five steps for conducting research.

Answered: 1 week ago

Question

★★★★★

List the goals of a persuasive message.

Answered: 1 week ago

Previous Question Next Question