billion dollarsAnswers
a) How much money will be in the investment account on December 31, 2020?
Round your answer to three decimal places.
answer = $16.498 billion (closing balance on 31 dec for year 2020 as per the table below sr no 9 )
b) How much money did Company Y invest in the account between January 1, 2018 and December 31, 2020?
Round your answer to three decimal places.
answer = $16.082 Billion (check sr no 4 in table below )
addition of sr no 4 figures ( 5.15185+5.357924+5.572241)
C) How much interest did Company Y earn between January 1, 2018 and December 31, 2020?
Round your answer to three decimal places.
answer = $ 0.416 Billion (check sr no 8 in table below )
addition of sr no 8 figures (0.066974+0.137498+0.211724)
sr.no 1 sales on 1 jan of year 2 Increase insales by 4% every year 3 sales on 31 dec of the year year 2017 year 2018 year 2019 year 2020 working 60.61 63.0344 65.55578 2.4244 2.521376 2.622231 sales on 1st jan * 4% 60.61 63.0344 65.55578 68.17801 sales on 1st jan + increase in sales by 4% every year 4 Investments every year on 1 jan @ 8.5% of sales 5.15185 5.357924 5.572241 sales on 1st jan of year * 8.5% computation of interest for investment 5 Opening balance for the year 6 Addition every year on 1 jan 7 Total investment on 1st Jan 8 compound interest =1.3% 2018 2019 2020 0 5.218824 10.71425 5.15185 5.357924 5.572241 5.15185 10.57675 16.28649] 0.06697405 0.137498 0.211724 opening balance + addition every year on 1jan total investment on 1st jan * 1.3% total 9 closing balance on 31 dec for the year 5.21882405 10.71425 16.49821| compound interest + total invest on 1stjan Total money investment from 2018 to 2020 total compound interest from 2018 to 2020 total money on 31 dec for the year 2020 16.08201 0.416196 16.49821
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