Narrative 11-1 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Refer to Narrative 11-1. Sonji wants to have $14,000 in 13 years. Calculate how much he should invest now at 6% interest,

compounded semiannually in order to reach this goal.
A) $6,491.66
B) $7,297.80
C) $9,205.88
D) $10,794.12


A

Business

You might also like to view...

Collecting experiences and insights of employees in an organization is best accomplished with which of the following?

A) News releases B) Blogs C) Knowledge management systems D) Marketing reports E) Customer surveys

Business

Van Den Borsh Corp. has annual sales of $68,735,000, an average inventory level of $15,012,000, and average accounts receivable of $10,008,000. The firm's cost of goods sold is 85% of sales. The company makes all purchases on credit and has always paid on the 30th day. However, it now plans to take full advantage of trade credit and to pay its suppliers on the 40th day. The CFO also believes that sales can be maintained at the existing level but inventory can be lowered by $1,946,000 and accounts receivable by $1,946,000. What will be the net change in the cash conversion cycle, assuming a 365-day year? Do not round intermediate calculations. Round to the nearest whole day.

A. -34 days B. -27 days C. -31 days D. -25 days E. -32 days

Business

The public welfare effects of a pollutant's NAAQS do NOT include which of the following:

a. impact on plants b. impact on economic activity c. impact on soil d. impact on constructed surfaces e. all of the other specific choices are included

Business

A(n) _____ is a logical group of database objects, such as tables and indexes, that are related to each other

Fill in the blank(s) with correct word

Business