Present and future value tables of $1 at 9% are presented below.
PV of $1FV of $1PVA of $1FVAD of $1FVA of $1
10.917431.090000.917431.09001.0000
20.841681.188101.759112.27812.0900
30.772181.295032.531293.57313.2781
40.708431.411583.239724.98474.5731
50.649931.538623.889656.52335.9847
60.596271.677104.485928.20047.5233
Ajax Company purchased a three-year certificate of deposit for its building fund in the amount of $290,000. How much should the certificate of deposit be worth at the end of three years if interest is compounded at an annual rate of 9%?
A. $374,300.
B. $732,816.
C. $375,559.
D. $734,075.
Solved
Show answers
More tips
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- H Health and Medicine Headache: A Comprehensive Guide to Treatment...
- C Computers and Internet How to Properly Order Clothing from International Online Stores...
- A Auto and Moto Mastering One-Movement Parking: All You Need to Know...
- D Dating, Love, Relationships How Long Can Love Last?...
- S Society and Politics Is It Fact or Fiction? Let s Talk About Anton Chekhov s Pseudonym...
- F Food and Cooking How to Find Your Zip Code?...
- S Style and Beauty How to choose the best mascara for your eyelashes...
- S Style and Beauty How to Apply Foundation Correctly?...
- S Sport How to Choose Tennis Rackets?...
Answers on questions: Business
- B Business A company started dthe year with 10000 of inventory. Purchases for resale during the year we $20000...
- B Business Consider the economies of Sporon and Tralfamadore, both of which produce gaggles of gop using only tools and workers. Suppose that, during the course of 30 years, the level of...
- M Mathematics H e l p T h a n k s :...
- S Social Studies I need help please it’s aquatic science...
- A Advanced Placement (AP) Help im loney at age 16...
- B Biology True or False: All earthworms and leeches have separate sexes, male and female....
- M Mathematics Calculate the volume and surface area of the cone 20 cm 16 cm...
- E English Which of the following best states the theme of Casey at the Bat? A- athletes are winners B- fame is not worth the responsibilities it comes with C- It is difficult to fail when...
- C Chemistry Select all that apply. Which of the following are density labels? Okg L 09 m og mL g...
- S Spanish La banquera es el quinta persona en el banco. correct incorrect...
Ответ:
$375,559
Explanation:
You are looking for the future value of the certificate of deposit assuming it was being compounded by 9% per year for 3 years.
Given the factor tables above, the formula would be:
= Certificate of deposit amount * Future value factor, 3 years, 9%
= 290,000 * 1.29503
= 375,558.7
= $375,559
Ответ:
Explanation:
VET ( it prepares people to work in various jobs)
it is important business career
help to develop new professional skills
improve your current skills
retrain for new employment
improving quality of employment
if you can plz put this answer as a brainlist answer