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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

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Suppose the 2017 adidas financial statements contain the following selected data (in millions).
Lera25 [3.4K]

Answer:

(A) net working capital = 1,510

(B) current ratio = 1.49

(C) debt to assets = 54.6153%

Explanation:

working capital

current assets - current liabilities

4,570 - 3,060 = 1,510

current ratio

current assets / current liab

4570/3060 = 1.493464052

(c) debt to assets

total liab/ total assets

4,544/8,320 = 54.6153%

4 0
3 years ago
Early personal computer users remember the cumbersome, user-unfriendly "DOS" system. When Apple introduced System 1 and Microsof
Aleksandr [31]

Early personal computer users remember the cumbersome, user-unfriendly "DOS" system. When Apple introduced System 1 and Microsoft introduced Windows, both of which were much easier to use, these new products diffused rapidly because of their relative advantage .

Option A

<u>Explanation: </u>

A product's dominance and market appeal over similar items. A competitive advantage is usually accomplished by giving better value to customers through either reducing prices or delivering added quality and service that justify higher costs.

That idea is based on consumer brand and product perceptions and does not necessarily reflect the actual characteristics of this product or service. The definition helps companies to consider that customers would choose to use this product or whether a rival would rather remain faithful to the already existing product.

8 0
3 years ago
Jim is researching different sources to fund his college education. Jim is torn between a federal loan and a private loan. With
Colt1911 [192]
The right answer for the question that is being asked and shown above is that: "A. Jim should choose the federal loan since he will not have to pay interest if he attends a public university." the loan should Jim choose is that he<span> should choose the federal loan since he will not have to pay interest if he attends a public university.</span>
3 0
4 years ago
Precision Camera Services started the year with total assets of​ $120,000 and total liabilities of​ $40,000. The company is a so
eimsori [14]

Answer:

$125,000

Explanation:

Opening values of;

Total assets =​ $120,000

Total liabilities = $40,000

Total equity = $120,000 - $40,000 = $80,000

During the year,

Total revenues = $140,000

Total expenses = $50,000

Withdrawal by owner = $45,000

The amount withdrawn by the owner reduces the owners equity. This may be deducted from the net income.

Net income from the year = $140,000 - $50,000 - $45,000

                                           = $45,000

This will be added to the opening owner's equity to get the closing owner's equity.

Owner's equity at the end of the​ year = $80,000 + $45,000  

                                                               = $125,000

3 0
3 years ago
Devin is a landscaper who needs to prepare different types of grass seed for his customers' yards. Bluegrass seed costs $2.00 pe
IgorLugansk [536]

Answer:

7 pounds

Explanation:

To solve this we need to use simultaneous algebraic equations.

Assume

x  = 1 pound of bluegrass seed

y = 1 pound of drought resistant seed

Our first equation considers the number of pounds

x + y = 25

y = 25 - x

For the combined bluegrass seeds and thought resistant seeds bought

For the second equation we consider the price

2x + 3y = 68

Substitute value of y in equation 2

2x + 3(25 - x) = 68

2x + 75 - 3x = 68

x= 7

So the amount of bluegrass seed is 7

We can also get the amount of drought resistant seed from equation

7 + y = 25

y = 18

3 0
4 years ago
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