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DIA [1.3K]
2 years ago
7

You have $12,949.72 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until y

our account totals $220.000. You expect
to earn 12% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number
ps
years​
Business
1 answer:
mart [117]2 years ago
4 0

Answer: 15

Explanation:

Given the following :

Interest per annum (I / YR) = (12 / 1) = 12

Future value (FV) = $220,000

Present Value (PV) = $12,949.72

Payment per period (PMT) = $4000

Using the online financial calculator :

The number of periods to attain a future value of $220,000 with a present value of $12,949.72 and periodic payment of $4000 at an interest rate of 12% per annum is 15.

Therefore, the number of periods is 15.

Inputting the above parameters into the online financial calculator gives a period (N) value of 15.

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Sean is looking for a new job that will allow him the flexibility to work from home at least one day a week so he can care for h
liq [111]

<u>Answer</u>:

Boundaryless career pattern is similar as temporary workers.

<u>Explanation</u>:

“Boundaryless career” has been a new perspective in any organisation these days. This type of career pattern provides the employees flexibility in terms of working hours. They pay them high wages for their excellent skill set.  

A person works with several organisations at a single point of time and quickly develops his career. Knowledge of such people is quite high, and companies gain from their expertise. As given in the question, Sean is provided flexibility by allowing him to work from home so that he can take care of his parents. So, this is a boundaryless career pattern.

5 0
3 years ago
The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the _______
Gelneren [198K]

Answer:

Utilization.

Explanation:

The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the utilization rate.

This ultimately implies that, a utilization rate measures or estimates the level of output a fixed asset produces relative or in comparison with it's capacity.

Generally, the utilization rate is usually measured in proportions and displayed in percentages so as to gather information about organizational cost structure and operational efficiency.

6 0
3 years ago
A document prepared at the time of shipment indicating the description of the merchandise and other relevant data. It is a writt
Maru [420]

Answer:

bill of lading

Explanation:

Bill of lading is a legal document issue when goods are transferred from one place to another. It is issued by the  freight carrier to the person who is shipping the goods. This document contains details such as which goods are shipped, quantity, details of destination. It also serves the purpose of shipment receipt, once the goods are delivered at mentioned destination in the document. To make sure that requisite goods has been correctly received  the destination and shipped correctly from the shipper, the document is signed by authorized person from the receiver, the  shipper, and the carrier.  

The objective of such document is

  • preventing theft of goods.
  • Create transparency of transaction.
  • Serves as a legal proof in case of any conflict.

6 0
3 years ago
Do a majority of US adults believe raising the minimum wage will help the economy, or is there a majority who do not believe thi
Fofino [41]

Answer:

There is sufficient evidence to support the claim that the majority of US adults believe raising the minimum wage will help the economy

Explanation:

Please see attachment .

5 0
2 years ago
Suppose the inflation premium is 2 percent and the nominal interest rate is 1 percent. Instructions: In part a, enter your answe
Fudgin [204]

Answer:

(a) Real Interest Rate   = -1 %

(b) Real Interest Rate   = -2.4 %

Explanation:

Real Interest Rate = (1+ Nominal Interest rate)/(1+Inflation Rate) -1

 (a)Real Interest Rate = (1+0.01)/(1+0.02)-1

                                    = -1 %

 (b) Real Interest Rate = (1+0.005)/(1+0.03) -1

                                      = -2.4 %

Real Interest Rate is an interest rate that has been adjusted to remove the effects of inflation to reflect the real cost of funds to the borrower and the real yield to the lender or to an investor.

8 0
2 years ago
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