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Reika [66]
4 years ago
12

Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in th

e account if she makes annual payments of $4,291 into an account paying 2.23% interest compounded annually for 30 years.
Business
2 answers:
velikii [3]4 years ago
8 0

Answer:

$180,488.86

Explanation:

Komok [63]4 years ago
3 0

$180,488.86 will be the amount in her account in 30 years

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TRUE/FALSE one of the attractive features of mutual funds is that they offer small investors a diversified portfolio and profess
Ugo [173]

The fact that mutual funds provide small investors with a diverse portfolio and experienced management is one of their appealing qualities.so statement is true.

<h3>What draws small investors to mutual funds?</h3>

Investors have access to a greater variety of investments through mutual funds than they could on their own. By pooling your funds, you may take advantage of economies of scale. The monthly contributions improve the investor's assets. Funds are more liquid because they are often less volatile.

The ability to diversify and thereby distribute risk over a number of investments is one of the reasons mutual funds are so well-liked by investors. People are drawn to mutual funds because they provide an opportunity for typical individuals to invest in professionally managed funds.

To know more about mutual funds visit:

brainly.com/question/9965923

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3 0
1 year ago
Julie is driving down Interstate 95 on her way from New England to Florida and sees a billboard saying "South of the Border Rest
guajiro [1.7K]

Answer:

lagged effect

Explanation:

The lagged effect in advertising refers to a situation where continuous exposure to an advertisement will increase consumer awareness of the advertised product and eventually lead to the purchase of the product.

In Julie's case, it is the first time she sees a billboard advertising the South of the Border Restaurant and Motel, so the lagged effect is not present yet. She would need to see a lot more billboards before starting to consider eating or staying at that place.

3 0
3 years ago
if abc company receives $100,000 cash in exchange for issuing 100 bonds at their $1,000 face value, the transaction will be reco
m_a_m_a [10]

Based on the information the appropriate journal entry to record the transaction is : Debit to cash of $100,000; Credit to bonds payable of $100,000.

Based on the information given we were told that the cash  amount of $100,000 cash was received my the company in exchange for issuing 100 bonds at their $1,000 face value.

Therefore the correct journal entry to record the transaction is:

Debit  Cash  $100,000

Credit Bonds payable  $100,000

(To record bonds payable)

Learn more here:<em> brainly.com/question/19091678</em>

8 0
3 years ago
A self-portrait of a celebrated photographer sold at a Christie's auction for about $4 million dollars. According to Christie's,
aleksandr82 [10.1K]

Answer:

The correct answer is letter "B": specialty goods.

Explanation:

Specialty goods are those for which buyers can make a special offer to acquire them based on special features the good has and brand recognition that makes it unique. <em>Luxury cars, cultural ornaments, </em>and <em>high-fashion clothing</em> are examples of specialty goods.

4 0
4 years ago
Tanner Service Company reported an annual sales revenue of $560,000 in 2019. During the year, accounts receivable decreased from
otez555 [7]

Answer:

$563,700

Explanation:

Calculation of cash is as seen below.

Sales revenue. $560,000

Add: Decrease in accounts receivable ($22,500 - $18,800) $3,700

Cash received from customers. $563,700.

Note: other information given in the question are not relevant for the computation of cash received from customers for the year.

Therefore, cash received from customers for the year is $563,700

4 0
3 years ago
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