1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lakkis [162]
2 years ago
14

Xavier and alex plan on retiring 27 years from today. at that time, they plan to have saved the same amount. javier is depositin

g $15,000 today at an annual interest rate of 5.2 percent. how will alex's deposit amount vary from javier's if alex also makes a deposit today, but earns an annual interest rate of 6.2 percent
Business
1 answer:
hammer [34]2 years ago
3 0

The amount by which Alex's deposit amount vary from Javier's if Alex also makes a deposit today, but earns an annual interest rate of 6.2 percent is $3381.39.

<h3>How to calculate the value?</h3>

We use the formula:

A=P(1+r/100)^n

where

  • A=future value
  • P=present value
  • r=rate of interest
  • n=time period.

Hence future value Javier will be:

=$15000*(1.052)^27

=$58,954.40

For Alex:

58,954.40=P*(1.062)^27

P=58,954.40/(1.062)^27

=$11618.61

Hence difference will be:

=15000 - 11618.61

= $3381.39

Learn more about interest on:

brainly.com/question/2294792

#SPJ1

You might be interested in
The application of multiple regression analysis to a data set yields an F statistic that is highly significant and t ratios that
dolphi86 [110]

Answer:

(B) multicollinearity is present.

Explanation:

Multicollinearity -

It is the process where , one of the predictor variable in the multiple regression model can be linearly predicted from the others with  the substantial degree of accuracy , is known as multicollinearity or  collinearity .

<u>In this case , the coefficient estimated of the multiple regression can change erratically for even a small change in the model .</u>

hence , from the question , the indication is of (B) multicollinearity is present .

6 0
3 years ago
Due to strict environmental standards in its home nation, Neptune Inc. has shifted its operations to developing nations. The fir
Sveta_85 [38]

Answer:

Immoral

Explanation:

This is because instead of the company to follow environmental standards which are of course very important to health and safety, disregarded that and moved to a country where the environmental laws aren't as strict. It is not illegal because it is within their rights to set up business any where and also they aren't breaking the laws of the developing country. But the strategic move as earlier pointed is immoral because they aren't conforming to the standards of morality.

8 0
4 years ago
Russell Retail Group begins the year with inventory of $64,000 and ends the year with inventory of $54,000. During the year, the
Svetach [21]
920$ k suwiekeneioeoemebeevhdhd
6 0
3 years ago
The group of accounting educators who perform research to determine the possible effects on financial reporting and the economy,
DedPeter [7]

Answer:

The correct answer is American Accounting Association (AAA).

Explanation:

The American Accounting Association (AAA) promotes excellence around the world in education, research and accounting practice. Founded in 1916 as the American Association of University Accounting Instructors, its current name was adopted in 1936. The Association is a voluntary organization of people interested in education and research in the field of accounting.

5 0
4 years ago
How long do you have to work at dollar general before you can transfer?
Marysya12 [62]
It really depend on the situation, but you could transfer on approximately 6 month.
All you need to do if you're already meeting the requirements is to tell your human resource manager your decision to transfer and why you want to make the transfer. Then, the HR manager will discuss it with his/her team whether you'll be authorized to do so.
7 0
4 years ago
Other questions:
  • After jeremy has made his sales presentation and answered the prospect's objections, he says, "when would you like to take deliv
    7·1 answer
  • When money is used to express the market value of goods and services it is functioning as a:?
    5·1 answer
  • A product-focused process is commonly used to produce: A) high-volume, high-variety products. B) low-volume, high-variety produc
    6·1 answer
  • Calculate total GDP for this economy given the following components of supply. Components of GDP on the Supply Side (in trillion
    11·1 answer
  • MC Qu. 93 Schrank Company is trying to decide how... Schrank Company is trying to decide how many units of merchandise to order
    10·1 answer
  • If the university's school of engineering can earn 4% on it's investments, how much should be in it's savings account to fund on
    7·1 answer
  • At Titus Industries, a middle manager who had just completed her basic probationary period was called by her supervisor for her
    5·1 answer
  • Self-Study Problem 10-1 Master Budget
    12·1 answer
  • Question 6 An advertising firm has used insights from its analytics team to create a strategy for improving sales. Now, they imp
    10·1 answer
  • you have been hired to conduct a job analysis at a local fast food chain. after completing your analysis, you conclude that the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!