1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pie
4 years ago
7

A young man is the beneficiary of a huge trust fund 35 years ago. If they had set aside $25,000, how much will be in the trust n

ow if they could invest the money at 2.5% per year compounded annually?
Business
1 answer:
Pachacha [2.7K]4 years ago
6 0

Answer:

The correct answer is $59.330.13.

Explanation:

According to the scenario the given data are as follows:

Amount (p) = $25,000

Interest rate (r) = 2.5%

Time (T) = 35 years

So, we can calculate the amount they could invest by using following formula:

CI = P ( 1 + R)^t

= $25,000 ( 1 + 0.025)^35

= $25,000 ( 2.37320518607)

= $59,330.13

Hence, the amount they could invest is $59,330.13.

You might be interested in
What components does a business exclude from<br> Operating surplus
raketka [301]

A business excludes money paid as salaries or wages to employees from operating surplus.

5 0
3 years ago
Model 25% with a 10×10 grid.
diamong [38]
It will be 4 I think check your work I don’t know
4 0
3 years ago
what would you do if you were offered a promotion that you were not certain about accepting? What factors would you take into ac
Sati [7]

Answer:

Answer

Explanation:

I would most likely accept the promotion.

Several factors would influence my decision.

- The new scope of responsibilities

This will include all the additional risks and tasks that I will get by accepting the promotion. Taking new responsibilities might sound scary, and many people will be discouraged by this. But at some point, all great leaders are someone without any experience too. As long as we are open to criticism, we will adapt to our new responsibilities.

- the new pay raise

Economic gain usually comes with promotion. It will motivate me to do more for the company.

- The likelihood of me getting another promotion chance

Chances like this do not come often in our life. The fact that I'm offered a promotion means that the higher up has reviewed my previous work result and determine that I'm the best option for them. I would not let this chance go to waste.

3 0
3 years ago
Read 2 more answers
Making a down payment reduces the
levacccp [35]
<span>d. loan principle amount

The loan principle amount is the amount of money borrowed for the loan. Making the down payment 1) proves the creditworthiness and capability of the buyer and 2) the overall amount of money to payback.</span>
5 0
4 years ago
The First National Bank has total deposits of $675,000 and excess reserves of $22,300. If the required reserve ratio is 9 percen
Nookie1986 [14]

Answer: $83050

Explanation:

Based on the information given in the question, the total reserves of First National Bank will be given as follows:

Total deposit = $675000

The Required reserve ratio will be:

= 675000 × 9%

= 675000 × 9/100

= $60750

Since the bank has excess reserves of $22,300, then the total reserve will be:

= $60750 + $22300

= $83050

3 0
3 years ago
Other questions:
  • The 2015 American Time Use survey contains data on how many minutes of sleep per night each of 10,900 survey participants estima
    8·1 answer
  • Dr. Amara has twins who would be going to college in the next 10 years. She hopes to save enough in order to be able to pay for
    14·1 answer
  • When making important life choices, people who accept the "right livelihood" concept consider the importance of financial stabil
    12·1 answer
  • George received an e-mail that threatened to release his personal financial data unless he paid a fee. That situation is an exam
    11·2 answers
  • HR creates the company’s first performance appraisal system. Managers are required to review employee productivity at least once
    13·1 answer
  • If interest rates fall in the USA relative to the rest of the world the demand for US dollar will ________ because there is less
    12·1 answer
  • At the beginning of 2018, Artichoke Academy reported a balance in common stock of $168,000 and a balance in retained earnings of
    12·1 answer
  • Question 4
    9·1 answer
  • What is a secured credit card and how does it work.
    14·1 answer
  • Your company has developed and implemented countermeasures for the greatest risks to their assets. However, there is still some
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!