
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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4. Your bank is offering a savings account with a nominal rate of 1.5% compounded
continuously. If you deposited $1,000 at the start of this school year, how much will your
balance be in 4 years?
Answer as a complete coherent thought!!!
honlr with 4. 5% interest for 5 years, then
Expert Solution

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Step 1
Introduction:
The value of savings at the end of a particular period is referred to as future value. The investment which is made for the particular period i.e. for a few months or years would fetch some value along with the interest. Hence fuure value is nothing but the present value along with some interest amount at the end of a particular period.
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- But why? for number 3arrow_forwardZina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800arrow_forward
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