If we deposit $6,000 today in an account paying 10% p.a., how long does it...

90.2K

Verified Solution

Question

Finance

image
If we deposit $6,000 today in an account paying 10% p.a., how long does it take to grow to $15,000? (answer in years rounded to one decimal point) Select one: O A 2.5 years OB. 9.6 years OC 10.0 years OD. 15.0 years O E. 12.7 years A new project has estimated annual sales of 12,000 units, + 3 percent variable costs per unit of $11.24, 2 percent; annual fixed costs of $38,290, + 2 percent, and a sales price of $19.65 per unit, + 4 percent. The annual depreciation is $21,400 and the tax rate is 21 percent. What are the annual earnings before interest and taxes under the optimistic scenario? O A $54,048.91 OB. $64,854.40 OC $52,694.40 OD $57,516.89

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students