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Helga [31]
3 years ago
12

Johanna wants to start saving for a vacation and plans to put four annual deposits of $1200 each into an account earning 5 perce

nt, compounded annually. How much will she have in her account in four years

Business
1 answer:
abruzzese [7]3 years ago
8 0

Answer:

$5,430.76

Explanation:

For this question, we use the Future value formula that is shown on the attachment. Kindly find it below:

Data provided in the question

Present value = $0

Rate of interest = 5%

NPER = 4 years

PMT = $1,200

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the future value is $5,430.76

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If i get paid bi weekly how many paychecks in a year.
Dominik [7]

Answer:

52 paychecks

Explanation:

Because there is 52 weeks in a year.

-Hope This Helps!

-<u><em>Justin:)</em></u>

8 0
2 years ago
Which of the following financial packages has the lowest total cost to the student?
Bezzdna [24]
A. Because grants and scholarships are free money and loans have to be repaid. 25% is the lowest amount of loans
3 0
4 years ago
Read 2 more answers
The green giant has a 8 percent profit margin and a 67 percent dividend payout ratio. the total asset turnover is 1.3 times and
Goryan [66]
Profit margin of green giant = 8% = 0.08
 Dividend payout ratio = 67% = 0.67
 Total turnover = 1.3 times
 Equality multiplier = 1.6 times
 First calculate the return of equity = profit margin x turnover x equality
multiplier
 Return of Equity = 0.08 x 1.3 x 1.6 = 0.1664
 Now the sustainable rate of growth = Return of Equity x (1 - Dividend payout ratio)
 Sustainable rate = 0.1664 x (1 - 0.67) = 0.1664 x 0.33 = 0.055
 Sustainable rate of growth = 5.5%
8 0
3 years ago
Horace is trying to start a business. He knows several accredited investors who he knows will help him jumpstart his business. W
Nata [24]

Answer:

Investors may invest a combined $50 million within a 12-month period.

Explanation:

According to the section, there are two pricing rates in Regulation A In the 1st Tier, for offering upto $20 million over a 12-month span and another 2nd Tier, for offerings upto $50 million over a 12-month period.

Therefore, as per the given situation the right answer is Investors are permitted to invest a combined $50 million over a 12-month period.

6 0
4 years ago
Sally is single, age sixty, and works as sales clerk in 2018. She has no other income. Sally contributed $2,000 to her IRA. Afte
Vinvika [58]

Answer:

$200

Explanation:

Data provided in the question:

Sally is single and age = 60

Amount contributed by Sally to her IRA = $2,000

AGI on her return = $26,000

Now,

For single and aged 60:

The maximum eligible contribution per taxpayer will be $2,000

The credit rate = 10%.

Therefore,

The maximum credit that Sally will get

= 10% of Amount contributed by Sally to her IRA

= 10% of $2000

= 0.10 × $2,000

= $200

8 0
4 years ago
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