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seraphim [82]
3 years ago
12

You are planning to make monthly deposits of $458 into a retirement account that pays 6.3 percent interest compounded monthly. I

f your first deposit will be made one month from now, how large will your retirement account be in 31 years
Business
1 answer:
Jobisdone [24]3 years ago
4 0

Answer:

$521,444

Explanation:

PMT (Monthly deposit) = $458

i/r = 6.3% / year = 0.525% / month (Since the interest is compounded monthly, the interest should be calculated in monthly)

n = 31 years = 372 months. Since the first deposit will be made one month from now, n = 371 should be input into financial calculator.

PV (Present Value) = 0

FV = $521,444

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PLS HELP ME <br><br> the subject is economics
Usimov [2.4K]

Assests - Item owned that could be sold for cash.

Goal - Target or Result which is desired.

Liabilities- Money owed.

Long term Goal -A desired result that maybe attained in more than a year.

Net worth- The amount you've minus the amount you owe

Short term Goal -A desired result that maybe attained in less than a year.

<h3><em>Thanks for joining brainly community!</em></h3>

5 0
2 years ago
Marigold Corp. had 302000 shares of common stock issued and outstanding at December 31, 2017. No common stock was issued during
Paul [167]

Answer:

EPS = 1.077

Explanation:

302,000 shares at december 31th, 2017

202,000 issued

504,000 total

(net income - preferred stock dividends) / common stock

(626,000-83,000 ) /  504,000 = EPS = 1.077380952 = 1.077

4 0
3 years ago
Bridgeport Company buys and sells securities expecting to make money on short-term price movements. Bridgeport purchased 150,000
LenKa [72]

Answer:

d. Dr. Investment in Intel $450,000 Cr. Net unrealized holding gains/losses - (P&L) $450,000

Explanation:

                           Adjusting journal entry

Date      Account titles and Explanation             Debit           Credit

Dec 31   Investment in Intel                                $450,000

              [($23-$20)*150000 shares]

                      Net unrealized holding gains/losses (P&L)      $450,000

8 0
2 years ago
The agency relationship in corporate finance occurs:__________
miskamm [114]

Answer:

when the shareholders hire a manager to run their company.

Explanation:

An agency relationship in corporate finance is a situation whereby a party known as an agent is hired by another party which is the principal, to perform certain functions or services. Based on this question, the share holders are known as the principal while the manager act as the agent. The relationship is formed after the agent has agreed that he or she will represent the principal

3 0
2 years ago
Heidi Company is considering the acquisition of a machine that costs $420,000. The machine is expected to have a useful life of
Sonja [21]

Answer:

d. 3.5 years

Explanation:

We know that payback period is the estimated length of time it takes cash inflow from a project to recover back the cash outflow.

It is to be noted that the payback period makes use of cash flow and not profit, hence denoted by;

Payback period = Initial cost / Annual net cash inflow

Given that;

Initial cost = $420,000

Annual net cash inflow = $120,000

Therefore,

Payback period = $420,000 / $120,000

Payback period = 3.5 years

6 0
3 years ago
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