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-Dominant- [34]
3 years ago
11

You are depositing $4,500 today at an annual interest rate of 7.2 percent. How much additional interest will you earn if you lea

ve the money invested for 45 years instead of 40 years?
Business
1 answer:
Leto [7]3 years ago
4 0

Additional Interest  earned in 45 years is $30185.14

<u>Explanation:</u>

Given-

Principal, P = $4500

Rate, r = 7.2%

Time, t_{1} = 40 years

          t_{2}= 45 years

Interest = ?

We know,

A = P ( 1 + \frac{r}{n} )^n^t

A = 4500(1 + 0.072)^4^0\\\\A = 4500 * 16.136\\\\A = $72611.25\\\\

To calculate the interest,

A = P + I\\I = A - P\\\\I = $72611.25 - $4500\\I = $68111.25

Interest after 45 years:

A = P ( 1 + \frac{r}{n} )^n^t

A = 4500(1 + 0.072)^4^5\\\\A = 4500 * 22.844\\\\A = $102796.39\\\\

Interest-

A = P + I\\I = A - P\\\\I = $102796.39 - $4500\\I = $98296.39

Additional Interest  earned in 45 years = $98296.39 - $68111.25

                                                                 = $30185.14

Therefore, additional Interest  earned in 45 years is $30185.14

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You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the cu
slava [35]

Answer:

The change should you expect in operating cash flows next year would be 19.60%

Explanation:

In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:

change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year

change should you expect in operating cash flows=2.8*0.07

change should you expect in operating cash flows=19.60%

The change should you expect in operating cash flows next year would be 19.60%

8 0
4 years ago
During the first 11 months of a recent year, a certain charitable organization received an average (arithmetic mean) of $20,600
IgorLugansk [536]

Answer:

$25,400

Explanation:

Average for first 11 months = $20,600

Total amount for first 11 months = 11 x $20,600 = $226,600

Average for 12 months = $21,000

Total amount for 12 months = 12 x $21,,000 = $252,000

Amount received in December =  $252,000 - $226,600 = $25,400

The organization received $25,400 in donations during December

6 0
3 years ago
8.Kline and Salomon form the KS Partnership as 50/50 partners. Kline contributes equipment that has a fair market value of $60,0
mojhsa [17]

Answer: $40,000

Explanation:

Kline brings in equipment that is worth $60,000 but has a basis of $45,000.

The equipment however is subject to a loan of $10,000.

This loan will have to be deducted from the basis. The partnership however is assuming the loan and Kline is only 50% liable in the partnership so Kline's basis will only be affected by half of the loan.

Basis = 45,000 - 5,000

= $40,000

5 0
3 years ago
An example of communicating category membership by relying on the product descriptor is ford's positioning of its freestyle auto
hoa [83]
That statement Is true

In marketing, product descriptor refers to a structured format that displayed some information about a specific product.
In this case, ford tried to create a unique product descriptor such as "sports wagon" to tell its consumers that their product has the characteristic of a sport and a wagon
7 0
3 years ago
Commercial paper investments are ___. (Select all that apply.)
Nataly [62]

Answer: Less than one year, guaranteed returns , and a money market product

What I put for my answer think its right

Explanation:

7 0
3 years ago
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