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2 years ago

11

How much will you have in a savings account in ten years, if you deposit $1000 in the account at the end of each year and the ac

count earns 6% interest, compounded annually? how would i work this out.

1 answer:

natulia [17]2 years ago

6 0

Answer:

10 times 1,000 equals 10,000 times 6% equals 600 so that will be 10,600

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Your grandparents put $10,200 into an account so that you would have spending money in college. You put the money into an accoun

expeople1 [14]

Answer:

Monthly withdrawal = $ 231.17 per month

Explanation:

Below is the calculation:

Deposit amount in the bank = $10200

Interest rate earned by the deposit = 4.19%

Monthly interest rate = 4.19% / 12 = 0.34917%

Number of periods = 4 years x 12 = 48

Amount in the account = Monthly withdrawal x (P/A, 0.34917%, 48)

10200 = Monthly withdrawal x 44.12246

Monthly withdrawal = 10200/44.12246

Monthly withdrawal = $ 231.17 per month

5 0

3 years ago

Which of the following is the correct formula for profit?

Lisa [10]

Answer:

(Sales volume * Price) – (Variable costs + Fixed costs)

Explanation:

Profit is equal to Total sales less Total costs .

Here, Total costs is the addition of Variable and Fixed costs

(Sales Volume x Price) - (Variable Costs + Fixed Costs).

3 0

3 years ago

Jesse wants my thoughts on how we can use prototyping for tims. she also wants me to prepare a system requirements document and

svp [43]

When prototyping new products, most people will want a presentation on what the prototype will look like, the functions, the benefits, how it differs from previous products or other companies' products and the pricing. A management presentation is important because it should help break down all the information needed before approval of the new product is approved.

4 0

3 years ago

Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the

Anton [14]

Solution :

a).

Estimated overhead 1,250,000

Divide by the estimated machine hours 50,000

Predetermined overhead rate 25

Actual machine hours 54,300

Multiply by predetermined overhead rate 25

The factory overhead amount applied $ 1,357,500

b).

Actual factory overhead 1,348,800

Less : factory overhead amount applied 1,357,500

The underapplied amount is $ 8700

4 0

3 years ago

If a school keeps two lists, one for student registration and one for student financial information, both containing name and ad

PIT_PIT [208]

Answer: Redundancy

Explanation:

The data redundancy is one of the type of condition in the database where we can easily store our data or information in more than two different places in the computer system memory. It is basically helps in correcting and also detecting the different types of errors in the stored data.

According to the given question, the school is basically keeping the two different list but the address and the name of the student information are similar and this is refers as data redundancy.

Therefore, Redundancy us the correct answer.

5 0

3 years ago