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
3 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]3 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
You reflect on your meeting with the midwestern division manager, and you think part of the problem has to do with goals. what c
Anna35 [415]
The one that you could do to adress this is to Establish a system that provides each sales team member with specific, challenging sales goals and performance<span> feedback from their store manager.
By doing this, not only we put a focus for each team members on the expectation toward them, we also could use the data collected by each determines to determine if there is someone that needed to be let go.</span>
7 0
3 years ago
Question #1
Gnesinka [82]
Trueeeeeee

Lolololol
8 0
2 years ago
Quarter Inc. is an Italian company that set up its ventures in the United States. It sells watches—designed and manufactured in
spin [16.1K]

Answer: D

Explanation: Quarter Inc. cannot be legally charged because as a foreign entity, it is exempt from prosecution based on sovereign immunity. Once the defendant establishes that it is a foreign state, for the lawsuit to proceed, the plaintiff must prove that one of the Act's exceptions to immunity apply.

4 0
3 years ago
Explain one guideline that will help a speaker use or create an effective presentational aid. Provide examples.
Karolina [17]
You should never read directly from the presentation aid. You should only look and use it when it’s relevant so it shows yk what you are doing and you aren’t just reading it. You should use a font that’s clear and easy to read. You should also use the same font on all your slides. Example: visual aids such as graphs, maps and diagrams.
6 0
3 years ago
Whether a firm has growth or value and how this firm characteristic affects an estimate of the cost of equity is called the ____
Dahasolnce [82]
It is called value factor. There are two kinds of value factor one is present value factor and second is future value factor. The business or anything in the business has their value on their own. The future value factor is used to calculate the future value of the amount per dollar of its present value. It is the amount greater than a dollar and you can see this on the table when you calculate the future value or FV. Present Value factor is based on the time and money when you borrow or it is the debt that can grow in the span of time. 
5 0
3 years ago
Other questions:
  • What is the principle of comparative cost advantage​
    12·1 answer
  • ​the employees of a company feel that rewards are fairly allocated. this illustrates _____.
    14·1 answer
  • Develop an arithmetic example that illustrates how a nation could have an absolute disadvantage in the production of two goods a
    7·1 answer
  • Which of these statements is TRUE of complementary products?
    15·1 answer
  • Which of the following accounts is not closed? Question 3 options: A. Depreciation expense B. Dividends C. Service revenue D. Ac
    15·1 answer
  • Monica, 22 just started working full time and plans to deposit $3,000 annually into a roth ira earning 12 percent interest compo
    12·1 answer
  • The Homestead Strike of the Iron and Steel workers in Homestead, PA is representative of the struggle in the late 1800's between
    5·1 answer
  • Assume that Amazon sells the MacBook Pro, a computer produced by Apple, for a retail price of $1,500. Amazon arranges its operat
    15·1 answer
  • which of the following is often associated with an increasing employment rate of women in living wage occupations? a.) less acce
    14·1 answer
  • Imagine that instead of hiring each assitant right away in the hiring assistant problem. we wait until the end to hire the best
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!