How much to amount if invests at given rates
Mr. Altgeldt has $5,000 to invest. He wants to know how much it will amount to if he invests it at the following rates:
a. 6% per year for 21 years
b. 8% per year for 33 years
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Hnak Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 50-gallon batch.
Mr. Altgeldt has $5,000 to invest. He wants to know how much it will amount to if he invests it at the following rates?
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The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored.
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