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Author Question: Calculate the future value of 4,600 received today if it is deposited at 9 percent for three years. ... (Read 99 times)

dollx

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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

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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


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