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sesenic [268]
3 years ago
14

Suppose you are starting a PhD program with only $1,000 in your savings account. The university has agreed to waive your tuition

, cover all of your living expenses, and pay you an additional stipend of $2,000 at the beginning of each month, as long as you teach one course per semester over the course of five years. If your savings account is able to earn 5.5% per year for the five years that you will be in this program, how much will you have accumulated in your savings account by the end of the program if interest is compounded on a monthly basis
Business
1 answer:
Pachacha [2.7K]3 years ago
8 0

Answer:

savings balance at the end of 5 years: 139.708,75‬

Explanation:

We have to solve for the 1,000 dollar and the annuity given by the college future value:

C \times \frac{(1+r)^{time} -1}{rate} (1+r)= FV\\

C 2,000.00

time 60 (5 years x 12)

rate 0.004583333  (0.055 annual  / 12 months)

2000 \times \frac{1-(1+0.004583)^{-60} }{0.004583} (1+0.004583)= FV\\

FV $138,393.0537

Principal \: (1+ r)^{time} = Amount

Principal 1,000.00

time 60.00

rate 0.00458

1000 \: (1+ 0.00458333333333333)^{60} = Amount

Amount 1,315.70

Total 139.708,75‬

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a. can indorse the check either "Bethany Lewis" or "Bethanie Louis."

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c. will not be able to cash the check.

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Answer:

a. can indorse the check either "Bethany Lewis" or "Bethanie Louis."

Explanation:

When it comes to financial related matters, most specifically, on the issue of cheque, Indorsement is a financial related term that describes a legal signature, (often signed at the back of a cheque), which serves as a form of approval, to ensure the cheque is payable to individual aside the designated payee.

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Answer:

The explanation of this question is given below in the explanation section

Explanation:

Sharing a folder on a local area network or LAN requires permission to access it. These permissions mostly categorized into read and write.

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On the other side, If someone has permission to change the folders or files on the LAN network or local or public server. Then he has full authority to change the content. In short, the one who has the write permission, can easily change the content of that file or folder and have full control over it.

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Answer:

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Answer:

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