Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

What is the future value of $8,000 deposited for three years earning 7% interest rate annually? A. $17,800 B. $9,800 C. $1,800 D. $8,000

What is the future value of $8,000 deposited for three years earning 7% interest rate annually?

A. $17,800

B. $9,800

C. $1,800

D. $8,000

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

Alexander Hamilton On Finance Credit And Debt

Authors: Richard Sylla

1st Edition

0231174012, 978-0231184571

More Books

Students also viewed these Finance questions

Question

★★★★★

Explain in your own words when using the elimination method for solving a system of equations is preferable to using the substitution method.

Answered: 1 week ago

Question

★★★★★

A Requirements Prepare the following for April: 1. Revenues budget 2. Production budget in units 3. Direct material usage budget and direct material purchases budget 4. Direct manufacturing labor...

Answered: 1 week ago

Question

★★★★★

Research has revealed that no single approach to supplier development is effective in achieving performance goals. Rather, a mix of the carrot, stick, and hands-on approaches seems to work best....

Answered: 1 week ago

Question

★★★★★

Chico Company allows its customers to return merchandise within 30 days of purchase. At December 31, 2016, the end of its first year of operations, Chico estimates future period merchandise returns...

Answered: 1 week ago

Question

★★★★★

What is the future value of $8,000 deposited for three years earning 7% interest rate annually? A. $17,800 B. $9,800 C. $1,800 D. $8,000

Answered: 1 week ago

Question

★★★★★

Use Excel to nd the z-scores that bound the middle 96% of the area under the standard normal curve. Enter the answers in ascending order. Round the answers to two decimal places

Answered: 1 week ago

Question

★★★★★

All returns and standard deviations are in raw decimal form. Linxiang is a portfolio manager. He currently manages a portfolio that invests in the entire market (portfolio M). He has analysed the...

Answered: 1 week ago

Question

★★★★★

orce This Test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. our answers are saved automatically. Remaining Time: 06 minutes, 50...

Answered: 1 week ago

Question

★★★★★

How does clipping relate to safety in electrical engineering, especially in the context of circuit design?

Answered: 1 week ago

Question

★★★★★

A ball of putty with momentum of 3kgm/s crashes into and sticks to a steal ball at rest. What is the momentum of the steal/putty system? 1.5 kgm/s 0 kgm/s 3 kgm/s 6 kgm/s

Answered: 1 week ago

Question

★★★★★

In the context of autonomous cars, what values do you believe should be prioritized in their engineering, design, and deployment?

Answered: 1 week ago

Previous Question Next Question