Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily. If the account was opened 9 years ago, what was the value of the initial deposit

Answers

Answer 1

Answer:

The value of the initial deposit = $1269

Explanation:

Given - Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily.

To find - If the account was opened 9 years ago, what was the value of the initial deposit

Proof -

We know that,

If the interest rate is compounded n times per year at an annual rate r, the present value of a A dollars payable t years from now is:

[tex]P = A(1 + \frac{r}{n} )^{-nt}[/tex]

Here,

A = 1723.57

r = 3.4% = 0.034

n = 365 (because it is compounded daily )

t = 9

So,

we get

[tex]P = 1723.57(1 + \frac{0.034}{365} )^{-365(9)}[/tex]

   = 1723.57(1.000093151)⁻³²⁸⁵

   = 1723.57(0.736396351)

   = 1269.23066 ≈ $1269

∴ we get

The value of the initial deposit = $1269


Related Questions

How can CTE affect your career choices

Answers

Answer:

It can help influence what you want to pursue and help you achieve that goal!

Explanation:

Hope this helps! Plz mark as brainliest! :)

Compensatory damages received on account of physical personal injury or physical sickness can be excluded from gross income. b. A payment for damaged or destroyed property is treated as an amount received in a sale or exchange of the property. c. Compensatory damages awarded on account of emotional distress cannot be excluded. d. Punitive damages are excluded from gross income. e. Compensatory damages received for age discrimination or injury to one's reputation cannot be excluded.

Answers

Answer:

a. True.

b. True.

c. True.

d. False.

e. True.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

The following are considered when filing for tax;

a. True: compensatory damages received on account of physical personal injury or physical sickness can be excluded from gross income.

b. True: a payment for damaged or destroyed property is treated as an amount received in a sale or exchange of the property.

c. True: compensatory damages awarded on account of emotional distress cannot be excluded.

d. False: punitive damages are excluded from gross income. All punitive damages incurred by a business or an individual are to be included as part of gross income.

e. True: compensatory damages received for age discrimination or injury to one's reputation cannot be excluded.

Would you consider an entrepreneur a consumer or producer? Explain your answer.

Answers

a producer, its defined as somone who organizes and operates a buisness or buisnesses, they produce more costumers for whatever they are entreprenuering

How can sports marketers cater to their female fan base without resorting to stereotypes and
overgeneralizations?

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The guy above me is a scam to get your ip don’t look it up!!!

what important technology has done the most

Answers

The answer is Wireless networks

You need a new computer, and you will need a loan in order to buy one. Which lender is most likely to charge you the highest interest rate on your loan?


A. finance company

B. savings and loan association

C. credit union

D. savings bank

Answers

i would say B or D
hope this helps!! <3

Savings and loan association is the lender is most likely to charge you the highest interest rate on your loan. Hence, option B is correct.

What is the main purpose of a savings and loan association?

Building Societies or Savings and Loan Associations perform the same fundamental duties by gathering funds from the general public and using those savings to fund mortgage loans for residential real estate.

The S&L crisis may have caused the banking sector to collapse with the greatest degree since the Great Depression. By 1989, more than 1,000 S&Ls had failed nationwide, thus destroying one of the most reliable sources of house mortgages.

In that they provide many of the same services, including banking and mortgage financing, savings and loan associations function similarly to banks and credit unions. Savings and loan organizations, however, prioritize savings and mortgages more.

Thus, option B is correct.

For more information about purpose of a savings and loan association, click here:

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I'm getting pretty desperate plz help me, I'll give brainiest, and ill make a free question worth 100 points this is for coding FLVS 100 points
Part 1: Plan and Write the Pseudocode
Using pseudocode, write an algorithm that someone else can follow.
Decide on a question to ask the user. Some ideas include:
What grade are you in?
What sport do you play?
Where did you go on vacation?
Use one variable to store the response.
Use one if-else statement to make a decision based on the user's input.
Display two messages; one for each condition (True and False).
Insert your pseudocode here: (you only need to do one)
Flowchart
Write it out

Get input:

If statement:

Print if true:

Print if false:


Part 2: Code the Program
Use the following guidelines to code your program.
Use the Python IDLE to write your program.
Using comments, type a heading that includes your name, today’s date, and a short description.
Set up your def main(): statement. (Don’t forget the parentheses and colon.)
Write one if-else statement using user input.
Include a print message for both conditions (True and False).
Conclude the program with the main() statement.
Follow the Python style conventions regarding indentation in your program.
Run your program to ensure it is working properly. Fix any errors you may observe.
When you've completed writing your program code, save your work by selecting 'Save' in the Python IDLE. When you submit your assignment, you will attach this Python file separately.

Part 3: Post Mortem Review (PMR)
Using complete sentences, respond to all the questions in the PMR chart.
Review Question
Response
What was the purpose of your program?

How could your program be useful in the real world?

What is a problem you ran into, and how did you fix it?

Describe one thing you would do differently the next time you write a program.




Part 4: Save Your Work
Don't forget to save this worksheet. You will submit it for your assessment.

you can also give me a link to your work and ill use it as a guide I will not copy
my g mail is my user name

Answers

Answer:

I do not know but I hope you can send some poimnts for my chem assignment!!

Explanation:

Answer:

B

Explanation:


1. lYour friend says, "I have some extra money, but I'm not sure if I should save or invest it." What key questions
would you ask your friend to help them figure out what to do?

Answers

Answer:

Answer below:

Explanation:

I would ask if he wants the highest return rates possible? interested in setting money aside to take advantage of compound interest and letting it grow over time? If you choose to invest do you understand that it comes with possible risk? Do you prefer playing it safe and getting an annual return of 0 to 2 % or playing it risky by investing and getting a potential 6 to 10 % annual return?

An investment project has annual cash inflows of $2,800, $3,700, $5,100, and $4,300, for the next four years, respectively. The discount rate is 11 percent. a. What is the discounted payback period for these cash flows if the initial cost is $5,200? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the discounted payback period for these cash flows if the initial cost is $6,400? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the discounted payback period for these cash flows if the initial cost is $10,400? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Cash flows:

Cf1= $2,800

Cf2= $3,700

Cf3= $5,100

Cf4= $4,300

Discount rate= 11%

The payback period is the time required to cover the initial investment. We need to use the following formula on each cash flow:

PV= Cf / (1+d)^n

d= discount rate

A) Initial investment= $5,200

Year 1= 2,800 / 1.11 - 5,200= -2,677.47

Year 2= 3,700 / 1.11^2 - 2,677.47= 325.53

To be more specific:

(2,677.47 / 3,003)= 0.89*365= 325

The payback period is 1 year and 325 days.

B) Initial investment= $6,400

Year 1= 2,522.52 - 6,400= -3,877.48

Year 2= 3,003 - 3,877.48= -874.48

Year 3= 5,100 / 1.11^3 - 874.48= 2,854.6

To be more specific:

(874.48 / 3,729.1)= 0.23*365= 84

The payback period is 2 years and 84 days.

C) Initial investment= $10,400

Year 1= 2,522.52 - 10,400= -7,877.48

Year 2= 3,003 - 7,877.48= -4,874.48

Year 3= 3,729.1  - 4,874.48= -1,145.38

Year 4= 4,300 / 1.11^4 - 1,145.38= 1,687.16

To be more specific:

(1,145.38 / 2,832.54)= 0.40*365= 146

The payback period is 3 years and 146 days.

Samples Activity in doing Online Survey for Market Demands of Fruits? help please I can’t answer

Answers

Ya picas ahí donde están reversa pagar en Kew que no estoy bienmore clean claro this correct $-29!/8 wow wow wiww918262 is eso eso 91827 la wow si silbe

Here’s Some VERY Helpful Business Advice

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Answer:

haha there we go thx

Answer to meme: BAHAHAHA!!!

You had a part time job that paid you $950 in one tax year. Do you have to file a
federal tax return?
OA. Yes.
OB. No.
O C. Yes. But my parents are responsible for filing it for me.
No. But if I am claimed on my parents tax return then I am required to file
OD
one.

Answers

Yes, you do have to file a tax return

Yes, a payment of $950 will attract federal tax in one year. Thus, Option A is the correct choice.

What exactly is taxation?

Taxation is the process by which the legislature of a state levy taxes in order to compel proportional contributions from its subjects for public purposes.

Taxation is a method by which the state distributes its costs or burden to those who benefit from its spending.

Thus, Yes, a payment of $950 will attract federal tax in one year. Thus, Option A is the correct choice.

learn more about taxation here:

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What effects does scarcity of economic resources have on choices?

Answers

When economic resources are scarce, there’s going to be few choices to choose from.

Calculate the total cost of my bill if I order half a dozen rulers at $30.00 each

Answers

Answer:

180$

Explanation:

half a dozen is 6 6 times 30 is 180

What is one benefit of selecting an income-based repayment plan for your student loans? a If you take a job that pays a low income, you will never have to pay any of your student loans b The total loan amount will be decreased to meet your starting salary at your first post-college job c Your student loan interest rate will fluctuate based on how much you've earned in the previous year d Your monthly loan payment will be set based on your income, so that you're not paying more than 20% of income toward your loans

Answers

Answer: D

Explanation:

One of the benefits of selecting an income-based repayment plan for students loan is that the monthly loan payment will be set based on the income you earn, so that person need not pay more than 20%  of the income towards the loan. Hence. Option D is the correct statement.

What is a student loan?

A sort of loan designed to assist college students to pay for post-secondary training and the related costs, along with tuition, books, supplies, and living expenses is called student loans.

Hence. Option D is the correct statement.

Learn more about student loan here:

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What is a target market?

Question 9 options:

company’s share of the total market


A business-to-business market


A group of people who have enough money to buy a product


A group with specific characteristic who are most likely to become customers

Answers

Answer:

If am not mistaken it should be D- A group with specific characteristic who are most likely to become customers

Why did the Great Depression of 1928 affect people from almost all parts of the world?
A.
The world economy by this time was quite dependent on global trade.
B.
People who lost their jobs in the United States moved to Asia for jobs.
C.
Sharp rise in price of goods in the United States led to an increase in imports.
D.
Trade routes between the United States and Asia were temporarily closed down.
E.
The United States stopped exporting goods to Europe.correct answer is SHAPES
i just took the quiz

Answers

Answer:

C. Sharp rise in price of goods in the United States led to an increase in imports.

Explanation:

The Great Depression was a period of severe economic meltdown or downturn (crisis) of the industrialized world and it started from the United States of America, typically lasting for about ten years (1929-139).

Basically, the Great Depression started in America on the 4th of September, 1929 as a result of a major fall in the prices of stocks and consequently, leading to a stock market crash on the 29th of October, 1929.

Hence, the negative effects of the Great Depression includes a decline in investments, tax revenues, market price, personal income level, consumer spending, profits and a general rise in unemployment rate.

In conclusion, the Great Depression of 1928 affect people from almost all parts of the world because sharp rise in price of goods in the United States led to an increase in imports.

Answer:

C. Sharp rise in price of goods in the United States led to an increase in imports.

Explanation:

Hope this help

List 20 items in your home that are made of fabrics and fibers plzzzzzzzzzz i need help

Answers

clothing, furniture, blankets, bags, pillow cases, mattresses, sewing fabric, bed skirts, comforters, curtains, drapes, mattress cover, oven mitts, pencil pouches, towels, sheets, pencil pouch, lunch box, hair bands

Which of the following is a sign of a strong economy?

Answers

Answer: Here are a few signs:

Explanation: There is much to sell and the buissness is booming. The country/state/area is able to get the food and water and etc for their country and have a lot of money.

Which statements describe a Treble Clef correctly? Pick Two
Treble Clef is your right hand.
Treble Clef is your left hand.
Treble Clef sounds higher.
Treble Clef sounds lower.

Answers

Answer: c and a

Explanation:

Xuechen graduated from culinary school at the top of her class, and signed an employment contract to work as a chef for one of Chicago's best restaurants for a period of three years. Additionally, Xuechen signed a non-competition agreement that stated she agreed not work as a chef for any other restaurant in the Chicago city area for a period of five years. Shortly after she began working, Xuechen left her employer to work as a manager at another Chicago restaurant. Has Xuechen breached either of the contracts she signed

Answers

Answer: Yes, the employment contract has been breached, but the non-competition agreement has not been breached.

Explanation:

The options are:

a. Yes, the employment contract has been breached, but the non-competition agreement has not been breached.

b. No, the employment contract has not been breached, but the non-competition agreement has been breached.

c. Yes, both contracts have been breached.

Based on the information given in the question, we can state that the employment contract has been breached. This is because Xuechen signed an employment contract to work as a chef for one of Chicago's best restaurants for a period of three years but she left shortly to work as a manager at another Chicago restaurant. On the other hand, the non-competition agreement has not been breached.

Soltura Products Inc. has a training program for its customer service representatives that tests trainees' abilities to interact with customers through role-playing exercises. Every time a trainee enacts a situation, he or she receives instantaneous feedback about the task and a specific type of reinforcement to either encourage or criticize their responses during the enactment. In the context of instructional strategies, this is most likely an example of _____. a. overlearning b. immediate confirmation c. behavior modeling d. active practice

Answers

Answer:

b. immediate confirmation

Explanation:

Training can be defined as a learning process which typically involves teaching an individual or group of people skills that are relevant to their job position or roles in an organization.

This ultimately implies that, the main purpose of a training is to improve an employee's performance in his or her place of work.

Operant conditioning can be defined as an associative learning process which involves reinforcing the strength of a behavior. Thus, the outcome depends on the response in operant conditioning.

A reinforcement of a desired behavior involves the process of strengthening a positive behavior being exhibited by an individual through the use of stimulus. Therefore, making the behavior to be exhibited in the future by the individual.

Basically, by reinforcing desired behaviors with rewards, parents, teachers and leaders can help people in building positive norms.

In this scenario, Soltura Products Inc. has a training program for its customer service representatives that tests trainees' abilities to interact with customers through role-playing exercises. Every time a trainee enacts a situation, he or she receives instantaneous feedback about the task and a specific type of reinforcement to either encourage or criticize their responses during the enactment. In the context of instructional strategies, this is most likely an example of immediate confirmation because the feedback that the trainee receives is instantaneous.

I NEED HELP PLS DONT RESPOND WITH A LINK

_______ used the terms Theory X and Theory Y to describe different attitudes managers had about employees.
Douglas McGregor
Victor Vroom
Elton Mayo
Robert Colby

Answers

Douglas McGregor, through his well-known “Theory X and Theory Y,” drew a distinction between the assumptions about human motivation which underlie these two approaches, to this effect: Theory X assumes that people dislike work and must be coerced, controlled, and directed toward organizational goals. Theory Y—the integration of goals—emphasizes the average person’s intrinsic interest in his work, his desire to be self-directing and to seek responsibility, and his capacity to be creative in solving business problems.

On January 1, Andrea reviews her investment portfolio and finds out that she has had a very profitable year. To offset some of her gains, Andrea sells 100 shares of Big Bear Corporation for $10,000. She purchased those shares for $15,000 two years earlier. On January 25 of the same year, Andrea reads a newspaper article indicating that the price of Big Bear Corporation is expected to increase substantially. Second-guessing the wisdom of selling her previous shares of Big Bear stock, she purchases 100 shares of Big Bear Corporation for $8,000. What are the tax consequences to Andrea this year

Answers

Answer:

$5,000 realized, but not recognized loss

Explanation:

Based on the above information given we were told that two years earlier She purchased some shares for the amount of $15,000 in which in order for her to offset few of her gains she sells those 100 shares of Bear Corporation for the amount of $10,000 making her to REALIZED the amount of $5,000 ($15,000-$10,000) reason been that a loss will be realized instantly in a situation were an assets is sold out for a loss.

Therefore the tax consequences to Andrea this year will be the amount of $5,000 Realized, but not recognized loss.

Imagine you are the dining room manager of a restaurant. You are responsible for
creating a set of sanitation rules to be followed by the staff.

The sanitation rules should cover the following aspects:
Service sanitation rules
Personal hygiene and attire rules
Side work rules

Answers

I would say always wash your hands before handling any food, wear gloves at all times, have a clean uniform each day. Please mark brainliest :))

Rule of 72 Simple formula. big rewards. A number of different types of investment options are listed in the first column in the chart below.

Answers

Answer:

b

Explanation:

the dog is fat

Which parts of the electric circuit considered as fuse​

Answers

Answer:

conducts

Explanation:

a fuse consists of a metal strip of wire fuse element, of small cross-section compared to the circuit conductors, mounted between a pair of electrical terminals,and (usually) enclosed by a non-combustible housing. The fuse is arranged in series to carry all the current passing through the protected circuit.

Money Management Assessment
Australians have the world's second-largest household debts. We know it, we worry about
it
, and there is increasing evidence it is changing our way of life. Ninety per cent of the
nearly 55,000 respondents to the ABC's Australia Talks National Survey rated household
debt as a problem for
the nation. On an individual level, 37 per cent are struggling to pay off
their own debts, with almost half of millennials reporting that debt is a problem for them
personally. https://www.abc.net.au/news/2019-10-18/household-debt-leaves-australians-
working-longer-spending-less/11608016
From what you have been taught this term on money management you need to write a response on
how Australians can turn their personal debt around and start to build wealth. In your response to
achieve above the standard you need to cover all of the key vocab: Debt, Savings, Loans, Banks,
Credit, Needs, Wants, Assets, Liabilities, Interest.

Answers

Answer: What are we suppose to answer where is the question

Explanation:

HELPPPPPP!!!! ASAPPPPP!!!!!

Answers

Answer:

B I believe

Explanation:

Gareth is the owner of a popular car wash facility. He has a small cafe set up beside the facility where customers can have a quick snack while waiting for their vehicles. Also, he ensures that each and every customer gets the best service in town. Customers do not mind paying extra because of these reasons. In fact, Gareth noticed that in the last 6 months, he has received several new customers who were previously engaged with his competitors. In the context of the components of resource-based analysis, Gareth's product or service is _____.

Answers

Answer:

Valuable

Explanation:

Resource based analysis is a method that managers used to determine resources that are vital to achievement of a competitive edge in a given business environment.

The resources that efficiently brings in new customers and retains old one is considered to be valuable.

In the given scenario Gareth's service is valuable because he ensures that each and every customer gets the best service in town, and he noticed that in the last 6 months, he has received several new customers who were previously engaged with his competitors

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