Answer:
Missing word <em>"You are now 18 years old and are allowed to withdraw the money for the first time. The account currently has $3996 in it and pays an 8% interest rate."</em>
a. At 18 years, future value of current amount (compounded for another 7 years at 8%)
= $3,996 * (1.08)^7
= $3,996 * 1.7138
= $6,848.34
b. At age 65, future value of this amount (compounded for another 40 years at 8%)
= $6,848.44 * (1.08)^40
= $6,848.44 * 21.7245
= $148,779.93
c. Future Value = Present Value * (1 + Interest Rate)^n
So, let initial the money deposited be represented by Y
=> $3,996 = Y * (1.08)^18
=> $3,996 = Y * 3.996
Y = $3,996 / 3.996
Y = $1,000
Answer:
if business owners want to maximize the value of the company, they should invest in projects that have the greatest value added.
Answer:
The correct answer is letter "A": helped support some weaker European countries during the recent financial crisis.
Explanation:
The International Monetary Fund (IMF) is a U.S. based part of the United Nations (UN) agency that promotes international economic prosperity by cooperating with least-favored nations to reduce their unemployment rates. The fund has 189 members and had a vital contribution in the Western European economic recovery after their recent financial crisis as a consequence of unemployment, drop of purchasing power and public debt.
Answer:
$2000
Explanation:
According to CDC research, each employee who smokes costs his or her organization approximately $2000 per year due to reasons such as;
• Smoke breaks at work which accumulate to reduce the amount of time spent doing productive work.
• Health related issues resulting from smoking that may cost the organization money or cause the employee to be absent from work (research shows that smokers are absent from work more than non smokers.
Therefore, for each smoker who quits smoking, Hanson Manufacturing will gain approximately $2000 in productivity.
