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Alina [70]
3 years ago
9

Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 6.3 percent until you retire in 35 years.

You believe that interest rates will increase over the next year and you would be offered 6.9 percent per year one year from today. If you plan to deposit $19,500 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?
Business
1 answer:
Hatshy [7]3 years ago
8 0

Answer:

$23,022.68

Explanation:

We are to calculate the future value of this amount using the two different interest rates and find the difference

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

$19,500 (1.063)^35 = $165,462.23

$19,500 (1.069)^34 = $188,484.91

$188,484.91 - $165,462.23 = $23,022.68

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amm1812

Answer:

Sure, I'll check it out. I love fashion.

4 0
3 years ago
Read 2 more answers
Andre's Dog House had current assets of $67,200 and current liabilities of $71,100 last year. This year, the current assets are
e-lub [12.9K]

Answer:

$1400

Explanation:

Net working capital is obtained by subtracting total current liabilities from total current assets.  Current assets and liabilities are expected to be used or paid within one year.

Change in net working capital would be the change in current assets - change in current liabilities.

last year  current assets  $67,200 : current liabilities $71,100

This year  current assets  $82,600 : current liabilities  $85,100

change Net operating capital = {$82,600- 67,200} - {85,100 - 71,100}

                     =$15,400 -14,000= -$1400

Change in networking capital = $1400

8 0
3 years ago
On january 1 of the current year, jimmy's sandwich company reported stockholders’ equity totaling $132,500. during the current y
Georgia [21]
<span>The change in the stockholders' equity during the given year was $111,000. Working out the math, if you take the $132,500 reported investor equity at the beginning of the year and add the $115,000 in total revenues to that, minus the $104,500 in expenses and $39,000 in cash dividends you get $104,000. Take the total calculated assets of $215,000 at the the end of the year, subtract the difference between $215,000 and $104,000 and the answer is $111,000.</span>
4 0
3 years ago
Ortions of the financial statements for Myriad Products are provided below.
bonufazy [111]

Answer:

Net cash provided from Operating Activities $301

Explanation:

MYRIAD PRODUCTS COMPANY

Cash flow from Operating Activities:

Net Income $150

Adjustment for non cash effects:

Depreciation $84

Amortization $5

Loss on sale of land $4

Total $243

Changes in operating assets and liabilities :

Decrease in Accounts receivable $17

Decrease in Inventory $18

Increase in Accounts Payable $14

Decrease in Salaries Payable ($14)

Increase in Interest Payable $13

Increase in Income tax Payable $10

Net cash provided from Operating Activities $301

5 0
3 years ago
a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,250
BlackZzzverrR [31]

Answer:

since there is not enough room here I used an excel spreadsheet

Explanation:

Download pdf
6 0
3 years ago
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