A clothing shop opened eight years ago. The first year it made $9000 profit. Each year  thereafter the profits averaged 26% greater than the previous year. How much profit has been earned in total by the 7th year? Round to two decimal places.

Q: You invested $5,000 in an account 16 years ago. This account paid 8% compounded monthly for the…

A: Given, Amount invested is $5,000 Term is 16 years

Q: An account was opened with an investment of OMR2,000 10 years ago. The ending balance in the account…

A: Rate of Interest is the rate which is earned on the investment done by the investor. Higher the…

Q: A corporation has a continuous compounded bank account with 2.7% annual interest. The board of…

A: Future value can be calculated usingFV = PV* (1 + r / n)ntWhere,PV = Present valueFV = Future valuer…

Q: At the beginning of each year for eight years, a person deposits $60 in account paying 7%.  Find the…

A: If a person deposits $60 at the beginning of each year for 8 years then the situation refers to…

Q: The balance in the saving account increased by 1.5% in one year to $20,150. How much was in the…

A: In the given question there is increase in saving account by 1.5% in one year and the balance now is…

Q: Ansel Accounting Firm rents an office space for $250,000 per year which is due at the beginning of…

A: Beginning of period payments Rent Payments = 250,000 per year Time Period = 5 years Hurdle Rate =…

Q: A person invested $6O00 in stock the market. The economy was bulling and return was 9% on average…

A: The amount of investment done in the stock market is risky sometime more returns and some time less…

Q: An account paying annual compound interest was opened with 2000 10 years ago. Today the account…

A: Simple Interest is method for computing interest where principal remains constant whereas in…

Q: 9 years of savings were made in a deposit account that pays 20% compound interest annually. The…

A: The future value of a deposit is calculated as the sum of present value and interest earned on the…

Q: Fifteen years ago, you deposited $15,400 into an account. Eight years ago, you added an additional…

A: Deposited $15400 15 years ago. Deposited $6000 8 years ago Interest for First 7 years is 10 %…

Q: You put $859 in the bank for 5 years at 10%. If interest is added at the end of the year, how much…

A: Lets understand the basics. Interest can be of two types which are, (1) Simple interest  (2)…

Q: Part 2: An amount of $1000 is invested into an account that pays 5% per annum compound interest.…

A: Compound interest Compound interest is computed by multiplying the initial principal amount by one…

Q: The rate of earnings is 10% and the cash to be received in three years is $10,000. Determine the…

A: Income statement: The income statement is one of the three primary financial statements used to…

Q: 1) A company deposits $5000 in a bank at the end of every year for 20 years. The company withdraws…

A: The series of payments is considered an annuity. The annual deposits will increase the value of the…

Q: You borrowed $5,646 from a bank, which charges 7.8% interest per year. How much interest did you owe…

A: Principal =$5646 Interest = 7.8%

Q: establish a "rainy day" cash reserve account, a certain company deposits $11,000 of its profit at…

A: Quarterly deposit are of $11,000 Interest rate is 1.85% Compounded quarterly To Find: Value of…

Q: Cullumber Company earns 8% on an investment that pays back $96,800 at the end of each of the next 10…

A: The present value of investment can be calculated using the below excel formula:

Q: A corporation deposits $20 million in a money market account for 1 year. What will be the difference…

A:

Q: In this example, Daniel & Claire each deposited $10,000 in high interest savings accounts and each…

A: Interest Rate is the rate that is earned by the investor on deposits or paid by the borrower on…

Q: Sunland Company earns 9% on an investment that pays back $80,000 at the end of each of the next 5…

A: Annual payment (C) = $80,000Rate of return (r) = 0.09Period (n) = 5 yearsInvestment amount = ?This…

Q: A sum of $ 2,000 is spent today, $ 500 is spent at the end of each year for 6 years, $ 800 is also…

A: Using future value function in excel

Q: A shop owher starts her bušihěšš With 80.000TL debt. On the fifth year she has a profit of…

A: Linear equation can be defined as the equation formed for a straight line.

Q: What annual rate of interest must the account earn in order to grow $11909 in 12 years?

A: The time value of money recognizes the idea that the value of an amount of money today differs from…

Q: You borrowed $5,646 from a bank, which charges 7.8% interest per year. How much interest did you owe…

A: Principal amount (P)= $5,646 Interest rate (R)= 7.8% per year Time period (T)= 1 year

Q: a) Mr. Jackson invested $15000 into an account for 8 years at 3.8% interest compounded quarterly.…

A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per periodn = no. of compounding…

Q: Pharoah Enterprises earns 8% on an investment that pays back $82,500 at the end of each of the next…

A: Define the Present Value (PV)-The present value (PV) of the sum of money, or an expected stream of…

Q: How much money was deposited each year for 10 years if the account is now worth S500,000 and the…

A: To open the "PMT function" window - MS-Excel --> Formulas --> Financials --> PMT. To open…

Q: Enterprise A turns its stocks 8 times a year, pays its debts in 50 days on average and collects its…

A: Cash conversion cycle means how many days or month company take to convert its inventory into cash.…

Q: Chan has taken out a loan for server equipment for his business totaling $10,000. The loan will be…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: $600.00 was invested in a bank for 5 years. When the deposit was made, the bank was paying the 14%…

A: Invested amount (P) = $ 600 Interest rate for first 3.5 years = 14% Quarterly interest rate (r) =…

Q: Four years ago, you opened an account and made three deposits ($400 four years ago; $X three years…

A:

Q: You have been making quarterly contributions to your savings account for the last your contributions…

A:

Q: you made an investment 10,000 which continuously increases by a quarter each year. How much is the…

A: The most significant and carefully scrutinized statistic in a company's financial records is its…

Q: Blossom Enterprises earns 5% on an investment that pays back $95,000 at the end of each of the next…

A: To calculate the amount that Cullumber Enterprises invested, we can use the present value formula…

Q: rate. Four years ago, ZXY deposited $2,820 in an account that has earned and will earn 15.00 percent…

A: 1. Compound interest. F = A × ( 1+r)n Where, F =future  value including compound interest. A =…

Q: A company deposits $2.000 In a bank account at the end of every year for 10 years. If the bank pays…

A: The future value of annuity is the accumulated value of regular deposits at a given interest rate.…

Q: Each month you put $69.60 into the bank, with an APR of 3%, how much with you have after 10 years.…

A: We will make use fo the financial calculator to calculate the FV. Inputs are: n = number of periods…

Q: 3 years, 3 months ago, a bank account had a balance of $28,585 and was earning interest at a…

A: THIS IS A QUESTION WHERE WE HAVE TO CALCULATE THE INTEREST RATE. WE HAVE IN THE QUESTION,…

Q: Cullumber Enterprises earns 11% on an investment that pays back $92,000 at the end of each of the…

A: To calculate the amount that Cullumber Enterprises invested, we can use the present value formula…

Q: Hassan invested $4000 into an account four years ago. Today his account has grown to have a balance…

A: Annual percentage rate (APR) is the rate of interest earned by an investor on the investment over a…

Q: possible You invested $14,000 in two accounts paying 8% and 9% annual interest, respectively. If the…

A: Return on Investment is that amount which is earned by the investor from his investment. It is that…

Q: 4. An account earns 10% interest annually. $2,000 is deposited into that account today, at the end…

A: Future value is the future value of cash flow generated for the time period. This is can be…