« previous next »

Author Question: Calculate the future value of 4,600 received today if it is deposited at 9 percent for three years. ... (Read 98 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jul 10, 2018
Calculate the future value of 4,600 received today if it is deposited at 9 percent for three years.
 
  What will be an ideal response?

Question 2

If a corporation sells certain capital equipment for more than their initial purchase price, the difference between the sale price and the purchase price is called a(n) ________.
 
  A) ordinary gain
  B) revenue gain
  C) capital gain
  D) abnormal gain


braelync

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jul 10, 2018
Answer to Question 1

FV = PV (1+ r)n = 4,600(1.09)3 = 5,957

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

The declining age of menarche over the past 150 years has been measured in many European countries, The declining age of menarche over the past 150 years has been measured in many European countries,
Women who reported one, two, or three or more major life events in the past 5 years were ... Women who reported one, two, or three or more major life events in the past 5 years were ...
The bore and stroke of pistons are used to calculate an engine’s displacement. The bore and stroke of pistons are used to calculate an engine’s displacement.
How to calculate present value (Question 2) How to calculate present value (Question 2)
How to solve any percent concentration problem How to solve any percent concentration problem
Current and future trends and impacts (IPCC) Current and future trends and impacts (IPCC)
Video: Metabolic Rate, Heat and Thermoregulation - response to heat and cold stresses

For a complete list of videos, visit our video library