subject
Business, 23.09.2019 22:20 brillamontijo

Pat invested x dollars in a fund that paid 8 percent annual interest, compounded annually. which of the following represents the value, in dollars, of pat's investment plus interest at the end of 5 years?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 12:30
Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.
Answers: 2
question
Business, 22.06.2019 17:10
To : of $25 up to 35 2 35 up to 45 5 45 up to 55 7 55 up to 65 20 65 up to 75 16 is$25 up to $35 ?
Answers: 1
question
Business, 22.06.2019 19:00
Gus needs to purée his soup while it's still in the pot. what is the best tool for him to use? a. potato masher b. immersion blender c. rotary mixer d. whisk
Answers: 2
question
Business, 22.06.2019 23:30
Which statement best describes entrepreneurship aitmakes people very rich b it relies on large financial investments c it is only possible in the retail industry d it requires creativity and ambition
Answers: 3
You know the right answer?
Pat invested x dollars in a fund that paid 8 percent annual interest, compounded annually. which of...
Questions
question
Mathematics, 12.05.2021 04:30
question
Mathematics, 12.05.2021 04:30
question
Arts, 12.05.2021 04:30
question
Mathematics, 12.05.2021 04:30
question
Mathematics, 12.05.2021 04:30
question
Mathematics, 12.05.2021 04:30
question
Mathematics, 12.05.2021 04:30