Future Value Computation
You deposit $4,500 at the end of every year for 3 years. How much will accumulate in 3 years if you earn 8% compounded annually?
Use Excel or a financial calculator for computation. Round your answer to nearest dollar.

Answers

Answer 1

To calculate the future value of the deposits, we can use the formula:

FV = PMT x (((1 + r)^n) - 1) / r

Where:
PMT = the payment made each year, which is $4,500 in this case
r = the interest rate per period, which is 8% compounded annually, or 0.08
n = the number of periods, which is 3 years

Using a financial calculator or Excel, we can plug in these values and solve for FV:

FV = $4,500 x (((1 + 0.08)^3) - 1) / 0.08
FV = $15,082.10

Therefore, the future value of the deposits after 3 years is $15,082.10 when earning 8% compounded annually. Rounded to the nearest dollar, the answer is $15,082.

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Related Questions

cash collected from customers equals sales revenues minus the increase in accounts receivable, plus the increase in unearned sales revenues.

Answers

Cash collected from customers is calculated by subtracting the increase in accounts receivable and adding the increase in unearned sales revenues to sales revenues.

Cash collected from customers is an important financial metric that shows how much money a business has received from its customers during a specific period. To calculate this amount, you start with the total sales revenues generated during the period. Then, you need to consider the changes in accounts receivable and unearned sales revenues. Accounts receivable represents money owed to the business by its customers. If accounts receivable increases, it means some sales were made on credit and haven't been collected yet, so you subtract this increase from sales revenues.

On the other hand, unearned sales revenues represent money received in advance for products or services that haven't been delivered yet. Since this money has already been collected, you add the increase in unearned sales revenues to the sales revenues. The final result is the cash collected from customers for the period in question.

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Which of the following is a function of state government regulations rather than federal government regulations of the insurance industry?

A. Creation of more uniform regulations.

B. Simplification of the process of filing policy forms and rates.

C. Assurance of non-discriminatory rating practices.

D. Enforcement of insurance laws by the Insurance Commissioner of each state.

Answers

A function of state government regulations rather than federal government regulations of the insurance industry is the enforcement of insurance laws by the Insurance Commissioner of each state. This is option D.

 Explanation: Insurance is regulated at the state level, and each state has its own insurance department to oversee the insurance industry within that state. The federal government, on the other hand, plays a limited role in regulating insurance.

Some of the responsibilities of the state insurance department are as follows: Enforcement of insurance laws by the Insurance Commissioner of each state is a function of state government regulations rather than federal government regulations of the insurance industry.

Each state has an insurance commissioner who is in charge of regulating the insurance industry in that state. The commissioner is in charge of enforcing state insurance regulations and laws.

In addition, insurance companies that do business in a state must be licensed and approved by the state insurance commissioner.

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The Mable Company had profit of $47,500 and earnings per share of $3.17 during 2021. On December 31, 2021, the shares had a market price of $18.50 per share. What is Mable's price/earnings ratio? Multiple Choice a. 0.17. b.5.84. c.8.11. d.25.70

Answers

Mable Company's price/earnings ratio is approximately 5.84, indicating investors are willing to pay 5.84 times its earnings per share, option (b) is correct.

The price-to-earnings ratio (P/E ratio) is a financial measure used to assess the correlation between a company's stock price and its earnings per share (EPS).

To find Mable's P/E ratio, we divide the market price per share ($18.50) by the earnings per share ($3.17) for the year 2021:

P/E ratio = Market Price per Share / Earnings per Share

= $18.50 / $3.17

= 5.84

The P/E ratio of 5.84 indicates that investors are willing to pay approximately 5.84 times the company's earnings per share to purchase Mable's stock. This ratio provides insight into the market's expectation of the company's future growth and profitability.

Therefore, option (b) is correct.

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The complete question is:

The Mable Company had profit of $47,500 and earnings per share of $3.17 during 2021. On December 31, 2021, the shares had a market price of $18.50 per share. What is Mable's price/earnings ratio?

Multiple Choice

a. 0.17.

b. 5.84.

c. 8.11.

d. 25.70

Small loans to entrepreneurs and small business owners in DVCs are referred to as:
- incubator loans
- capital flight promotion systems
- human capital development projects
- microfinance/microloans

Answers

The exodus of capital from a nation as a result of unfavourable monetary policies, such as currency depreciation or carry trades in which currencies with low interest rates are traded for assets with greater returns, is known as capital flight.

What does an entrepreneur use a short-term loan for?

A short-term loan is a form of loan taken out to meet a brief demand for funds on the part of the borrower or their business. Given that it is a form of credit, it entails paying back the principal plus interest by a specified due date, which is often one year after receiving the loan.

Do the majority of new enterprises begin with loans?

Even while small business loans are common, the majority of entrepreneurs and startups fund their operations with their own money. data coming from the U.S.

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Which of the following circumstances is most likely to reduce one's standard of living?
1. An increase in the cost of some goods such as escalating gasoline prices.
2. A decrease in the cost of some goods such as a decrease in housing prices.
3. Stable prices and an increase in employee wages.
4. Losing your job, but gaining a sizeable inheritance.

Answers

Answer:

1. An increase in the cost of some goods such as escalating gasoline prices.

Explanation:

The standard of living refer to a comfort level, the goods, and the material, necessities and wants that are available to a person

In case when there is a decline in standard of living so it is due to the increased in price as it reduced the purchasing power of the consumer

If the price of the goods increased, then the quantity demanded decreased as per the law of demand

Therefore in the given case, the option A is correct

Find the consumers' surplus at a price level of $2 for the price-demand equation
p=D(x)=30−0.7x
where p is the price and x is the demand. Do not include a dollar sign or any commas in your answer.

Answers

The consumer surplus at a price level of $2 is $470. This means that although they are only paying $2 per unit, consumers are willing to spend a total of $470 on 40 units of the product, leaving them with a $470 surplus.

Consumer surplus is a measure of the economic welfare that consumers gain from buying a product at a price lower than the maximum price they are willing to pay. It is calculated as the difference between the maximum price a consumer is willing to pay (also known as the reservation price) and the actual price they pay.

In this case, the demand function is given by p = D(x) = 30 - 0.7x, where p is the price and x is the demand. At a price level of $2, we can solve for the demand as follows:

2 = 30 - 0.7x

0.7x = 28

x = 40

So, the demand is 40 units at a price level of $2. To calculate the maximum price a consumer is willing to pay, we can rearrange the demand function as follows:

p = 30 - 0.7x

0.7x = 30 - p

x = (30 - p) / 0.7

Substituting p = $2, we get:

x = (30 - 2) / 0.7 = 40

So, the maximum price a consumer is willing to pay for 40 units is: 30 - 0.7(40) = $2

Therefore, the consumer surplus at a price level of $2 is: (30 - 2) x 40 / 2 = $470

This means that consumers are willing to pay a total of $470 for 40 units of the product but are only paying $2 per unit, resulting in a consumer surplus of $470.

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is an extra percentage a lender charges you on an amount you borrow from the lender.

Answers

In addition to the amount you borrow from a lender, you will also be charged interest.

The term "interest" is used for what purpose?

Interest is a necessary cost of borrowing money, and it is also a cost of lending money. Interest is typically expressed as a percentage of the annualized principal amount of a loan. This percentage indicates the interest rate for the loan.

What does the term "interest example" mean?

Let's use a $1,000 loan as an example, with a seven-year, 10% interest rate. In the first year, you'd make $100 in interest. Your interest payment for the following year would be the total amount borrowed plus interest, or $1,100. Thus, $110 ($1,100) would be the interest for the second year.

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What are the dangers associated with having a high national debt?

Answers

Answer :

In addition to showing the path of future debt, CBO's Long-Term Budget Outlook described the consequences of a large and growing federal debt. The four main consequences are: Lower national savings and income. Higher interest payments, leading to large tax hikes and spending cuts.

Answer:

Explanation:

Lower income and economic opportunities for the people. Might lose investors and business opportunities.

changes to both the money supply and the velocity of money induce changes in aggregate demand. however, the long-run impacts of changes in these variables are different. how are the effects of an increase in the velocity of money and the effects of an increase in the money supply different?

Answers

The effects of an increase in the velocity of money and the effects of an increase in the money supply different-----Changes in the plutocrat force can lead to endless changes in aggregate demand.

But changes in the haste of plutocrat tend to have temporary changes in aggregate demand  .

How does haste of money affect aggregate demand?

As prices fall, affair gradationally rises until it reaches the natural- rate position of affair at point . An exogenous drop in the haste of money causes the aggregate demand wind to shift over. In the short run, prices are fixed, so affair falls.

How will a change in the money force affect aggregate demand ?

Use the proposition of liquidity preference to explain how a drop in money force affects the aggregate demand wind. A drop in money force will beget aggregate demand to shift to the left because investment will drop.

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Which of the following leadership theories focuses on the personal relationships that leaders develop with followers?
a) Behavioral approach to leadership
b) Leader-member exchange theory
c) Transformational leadership
d) Charismatic leadership

Answers

The leadership theory that focuses on the personal relationships that leaders develop with followers is the Leader-Member Exchange (LMX) theory. LMX theory emphasizes the importance of individualized relationships between leaders and their followers.

In the Leader-Member Exchange theory, leaders establish different levels of relationships with their followers, known as in-groups and out-groups. The in-group consists of individuals who have a higher level of trust, mutual respect, and personalized attention from the leader. These individuals often receive more opportunities, support, and influence within the organization.

On the other hand, the out-group consists of individuals who have a more formal and transactional relationship with the leader, receiving fewer benefits and less personalized attention.

The LMX theory recognizes that leaders do not have the same relationship with all their followers, and it highlights the significance of building high-quality relationships to enhance job satisfaction, performance, and commitment among followers. By fostering strong interpersonal connections, leaders can create a sense of loyalty and engagement among their followers, ultimately leading to more effective leadership outcomes.

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state the law of demand​

Answers

Answer:

In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. .

Explanation:

Well.. Hope it helps you..

Your welcome in a-advance..

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"If an initial public offering of a security is going to be sold only in one State, the registration procedure to be used is Registration by:"

Answers

Answer:

Qualification

Explanation:

Perhaps if one Government can sell an equity investment to public of a security, the members were assigned that should be used shall be Authentication registered by qualification process.

Which factor plays the biggest role in motivating economic decisions in a
market economy?
O A. Corruption in the leadership of powerful groups
O B. Commitment to maintaining a traditional lifestyle
O C. Competition between different businesses
D. Cooperation between governments and citizens

Answers

The answer is D I’m pretty sure

Cooperation between governments and citizens: plays the biggest role in motivating economic decisions in a market economy. Thus, option D is the correct option.

What Is a Market Economy?

A market economy is a kind of capitalism in which a nation's companies and residents interact to determine economic policy and the cost of products and services. Although there may be some central planning or government interference, this phrase often denotes a more generally market-oriented economy.

The majority of economic decisions in a market economy are made through voluntary transactions that follow the rules of supply and demand. In a market economy, entrepreneurs are free to pursue profit by producing outputs that are worth more than the inputs they use, or, if they choose not to, to fail and close their doors. The forces of supply and demand are used in market economies to set the right prices and quantities for the majority of products and services.

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When you put a check you received in the bank, you have immediate access to the money.
True or False.

Answers

Answer:

this is true hope this helps

Explanation:

A questionnaire on the negative impact of the coronavirus as one of the socio economic issues of the business

Answers

Answer:

From my understanding,I don't think so

Explanation:

because of the coronavirus from where I'm living those that are selling face mask and hand sanitizer are benefiting more from it than others

Which of the following best describes a central bank's ability to control money in circulation?

a. temporary control

b. limited to no control

c. control is shared between the central bank and the federal government

d. significant control

e. complete control

Answers

Control is limited to none best describes a central bank's ability to keep money in circulation under control.

The central bank can influence the level of money supply in the economy, but it has little or no control over market participants such as households because some people prefer to keep their money in their homes. Hence, option b) is correct.

Central banks implement monetary policy by adjusting the supply of money, typically through open market operations.

For example, a central bank may reduce the amount of money by selling government bonds under a "sale and repurchase" agreement and receiving funds from commercial banks.

Another factor is that the central bank has no control over how much money creditors lend.

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Al manages both Brown River Apartments and Orange Acres Condominiums. These complexes are not owned by the same person. In this situation, what does Al need

Answers

Given that Al manages these apartments and condo what he needs is a real estate license.

What is a real estate license?

This is a license that would establish him as an agent or as someone that does real estate transactions.

This license is an authorization that is given by the state government that gives Al the the right to manage the estates.

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Which of the following is not a positive impact of globalization?
Increased cooperation between countries.
Loss of jobs in the home country.
Increased competition leads to more efficiently run businesses.
Wider variety of products available to consumers.

Answers

Answer:

Loss of jobs in the home country

Explanation:

Losing jobs is a bad impact that multiple things including globalization can have.

I hope this helps :D

The impact of Furman v. Georgia (1972) was that states had to

promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.

Answers

Answer:  D.create clear standards to be applied fairly before imposing the death penalty.

Explanation: The answer it's right there

The impact of  Furman v. Georgia (1972) was that states had to

create clear standards to be applied fairly before imposing the death penalty.

The Furman v. Georgia case

This was a case that had to do with the cruel and the unusual way that people faced in the death penalty.

The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.

It ruled that the eight amendment was being violated if used in this way.

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7. Name 5 main decision makers in macroeconomics

Answers

Answer:

1. Households

2. Firms

3. Governments

4. "The Rest of the World"

I don't know a good fifth

Explanation:

help help help help

help help help help

Answers

Based on the different types of compensation and their determination, the following are true:

Wages - Paid by the Hour - Sarah's direct deposit. Commission -  A percentage of sales - Lucinda's percentage. Salary - Calculated weekly or monthly - Frank's overtime pay.  Bonuses - For performance - Janet's Low Sales. Profit sharing - Based on Co. earnings - Robert's year end reward.

Types of compensation

Wages are calculated by the hour and then paid to the relevant employee sometimes in cash or by direct debit. Commissions are a percentage of sales.

Salaries are calculate monthly or weekly and include overtime. Bonuses are based on performance so people who don't perform well don't get much. Profit sharing depends on how much a company makes in a year and are distributed at the end of the year.

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Othello Company understated its inventory by $20,000 at December 31, 2017. It did not correct the error in 2017 or 2018. As a result, Othello's stockholders' equity was:

Answers

Answer:

Othello company understated its inventory by $20,000 at December 31 2017

This error was not corrected In 2017 or 2018

Therefore as a result of this Othello stockholder equity was understated in the year 2014, December 31 and properly stated at 2015, December 31

two weeks ago ethan closed a short position in abc inc common stock that he'd been carrying for a few months

Answers

Closing a short position in ABC Inc common stock means that Ethan had previously borrowed and sold shares of ABC Inc with the expectation that the stock price would decline.

Now, after a few months, he has repurchased and returned the borrowed shares, thereby closing his short position.Closing a short position can be done for various reasons, such as Profit-taking: If the stock price has declined as anticipated, Ethan may have decided to close the short position to realize a profit. By buying back the shares at a lower price than he sold them for initially, he can return the borrowed shares and pocket the difference.Loss limitation:

If the stock price has risen instead of declining, Ethan may have chosen to close the short position to limit his potential losses. By repurchasing the shares at a higher price than he sold them for, he can minimize his losses compared to keeping the short position open.Change in market outlook:

Ethan might have reassessed his analysis or received new information about ABC Inc that led him to believe the stock price would no longer decline. In this case, closing the short position allows him to exit the trade and avoid further potential losses.

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Since the U.S. government has decreed that U.S. currency is legal tender:Choose matching definitionhigh inflation because the graph shows an inflationary gap.money does not require satisfying a double coincidence of wants which reduces transactions times.people are more likely to accept the dollar as a medium of exchange.M2 stays the same, M1 increases, and the system becomes more liquid.Choose matching definition
high inflation because the graph shows an inflationary gap.
money does not require satisfying a double coincidence of wants which reduces transactions times.
people are more likely to accept the dollar as a medium of exchange.

Answers

High inflation because the graph shows an inflationary gap. Money's acceptability as a medium of exchange reduces transaction times by eliminating the double coincidence of wants.

"Legal tender" indicates that U.S. cash must be accepted for payment of obligations and taxes. High inflation occurs when the general price level grows fast, as indicated by an inflationary gap on a graph. Money makes transactions more efficient by removing the requirement for a double coincidence of wants.

Due to its widespread acceptance and official backing, the dollar is more likely to be accepted as a form of payment. M2, a measure of the money supply, stays constant while M1, a more specific measure, rises, increasing system liquidity.

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why is it important to be a good communicator for a successful future?

Answers

Answer:

Explanation:

Being an excellent communicator can help you land that first job in your new career and ensure a positive future. It can separate you from other applicants, help you be a more effective employee and serve as a stepping stone to leadership responsibilities and career advancement.

A company had the following cash flows for the year: (a) Purchased land, $60,000 (b) Borrowed from a local bank, $100,000 (c) Paid employee salaries, $50,000 (d) Issued common stock, $75,000 (e) Paid dividends, $20,000 (f) Sold equipment, $130,000 (g) Sold services to customers, $120,000 What amount would be reported for net investing cash flows in the statement of cash flows

Answers

Answer:

$70,000

Explanation:

Calculation to determine What amount would be reported for net investing cash flows in the statement of cash flows

Using this formula

Net investing cash flows=(f) Equipment sold- (a) Purchased land

Let plug in the formula

Net investing cash flows=$130,000-$60,000

Net investing cash flows=$70,000

Therefore The amount thatwould be reported for net investing cash flows in the statement of cash flows is $70,000

True or false: Obtaining top management's leadership and commitment is not necessarily critical for diversity programs to succeed.

Answers

Answer:false

Explanation:

*ECONOMICS*

At what price is the quantity consumers would buy and the quantity the business would supply the same? __________. We call this ___________.

Answers

The equilibrium is the only price where quantity demanded is equal to quantity supplied.

Bodenheimer describes how the relationship between preventing and treating different health conditions might influence health expenditures (ch 11). Summarize these.

Answers

In summary, Bodenheimer (Ch.11) discusses how the balance between preventing and treating various health conditions can impact health expenditures.

Bodenheimer highlights that focusing on prevention can lead to lower health expenditures in the long run, as it reduces the need for expensive treatments. However, prevention strategies might require upfront investments, such as public health campaigns and early interventions.

On the other hand, treating existing health conditions can lead to immediate costs, such as medications, hospital stays, and specialist care. A well-balanced approach is essential for efficient healthcare spending, as both prevention and treatment are necessary components of a comprehensive health system.

By investing in prevention, healthcare providers can reduce the prevalence of chronic conditions, which in turn reduces the need for costly treatments.

Similarly, timely and effective treatment can prevent complications and avoidable hospitalizations, thus saving resources. Overall, striking the right balance between prevention and treatment is crucial for managing health expenditures and ensuring the sustainability of healthcare systems.

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Why is it important for a human resource manager to carefully maintain
employee records?

Answers

Answer:

Certain records require employee privacy to be protected. Not maintaining and following best practices for employee record keeping leaves you vulnerable to defending yourself against lawsuits, labor investigations or audits.

Explanation:

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