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
lapo4ka [179]
2 years ago
12

2. Your grandfather placed $5,000 in a trust fund for you. In 12 years what will be the worth of the savings. If the estimated r

ate of return on the trust fund is 8%?
Business
1 answer:
Shkiper50 [21]2 years ago
3 0

With compound interest on a principal of $5,000.00 at a rate of 8% per year compounded 1 time per year over 12 years is $12,590.85.

<h3>Compound interest</h3>

Given Data

  • Principal = $5,000
  • Time = 12 years
  • Rate = 8%

Assuming a compounded interest approach

A = P + I where

P (principal) = $5,000.00

I (interest) = $7,590.85

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 8/100

r = 0.08 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 5,000.00(1 + 0.08/1)(1)(12)

A = 5,000.00(1 + 0.08)(12)

A = $12,590.85

Learn more about compound interest here:

brainly.com/question/24924853

#SPJ1

You might be interested in
Please help. I will mark you as brainliest !!!
OLga [1]
Hey hhufghjoofffghggh
8 0
2 years ago
Read 2 more answers
500+400-15+40-5+500000-200+500​
Vikki [24]
The answer is 501220.
8 0
3 years ago
Which of the following is a disadvantage of the corporation form of ownership?
Hoochie [10]

Answer:

Option C, Double taxation on profits and individuals

Explanation:

The disadvantages of the corporation form of ownership are as follows -

a) It takes lot of time and hence is time consuming

b) The taxation gets double

c) Also, the formalities/protocols are very tough

Hence, the option C is correct

5 0
3 years ago
Solving for dominant strategies and the Nash equilibrium Suppose Clancy and Eileen are playing a game in which both must simulta
jarptica [38.1K]

Answer:

See attached file

Explanation:

6 0
3 years ago
One role of marketing communications in the problem recognition stage of the purchase decision-making process is to:
vlada-n [284]

Answer: help distribution partners identify product availability problems.

Explanation:

The options are:

a. alert the company about problems in conveying a message to target consumers.

b. resolve consumer problems with customer service outreach.

c. remind consumers of existing needs.

d. help distribution partners identify product availability problems.

e. educate consumers about features and benefits.

One role of marketing communications in the problem recognition stage of the purchase decision-making process is to help distribution partners identify product availability problems.

It should be noted that marketing communications can help identify the needs or problem that consumers have.

6 0
3 years ago
Other questions:
  • Using Exhibit 2–6, Typical After-Tax Budget Allocations for Different Life Situations, calculate the budget allocations for Jami
    5·1 answer
  • What do i put for salary desired on a job application? should i just ask for minimum wage? go a little higher? shoot really high
    11·1 answer
  • What three spending accounts can Leslie adjust now to better match what’s in her budget (select all that apply)
    11·1 answer
  • In the united states the largest expenditure component of gdp is
    9·2 answers
  • True of false: the best measure to use when comparing alternative investments is the amount of the dollar gain or loss.
    10·1 answer
  • Hushovd Iron Works has collected the following data for its Thunderbolt line of products:Direct materials standard 10 pounds per
    6·1 answer
  • Lori Nichols started an engineering firm, Engineering Enterprises P.C. During its first month of operations, the following trans
    5·1 answer
  • If you were selling a product with an elasticity of 1.6 and you wanted to increase your revenue, what should you do to the price
    8·1 answer
  • The following transactions occurred during July: 1. Received $1,350 cash for services performed during July. 2. Received $6,950
    8·1 answer
  • Any one Indian here I'm from India.​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!