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Zina [86]
3 years ago
8

Mrs. Simpson is saving for her retirement. If she makes a payment of $1,000 at the end of each month for 15 years and earns a ra

te of 5.25% compounded 12 times per year, how much will she have in her retirement account when she is ready to retire
Business
1 answer:
solniwko [45]3 years ago
8 0

Answer:

$272,942.36

Explanation:

The formula for calculating future value = A (B / r)  

B = [(1 + r) ^mn] - 1

FV = Future value  

P = Present value  

R = interest rate

m = number of compounding per month

N = number of years  = 0,0525 /12 = 0,004375

$1,000  (1.004375)^180 - 1 /  0,004375 =$272,942.36

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1. Think about a business opportunity that appeals to you. For this business, answer the six assessment questions listed in this
KiRa [710]

Answer:

1. No because it is not realistic. 2. No because if you try you will make it back. 3. No because he needs a more indelf plan.

Explanation:

6 0
3 years ago
Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will ______. T
Maslowich

Answer:

Decrease, Increase and frictional

Explanation:

Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will <u>DECREASE</u>. The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will <u>INCREASE</u>. The temporary unemployment resulting from such sectoral shifts in the economy is best described as <u>FRICTIONAL</u>

4 0
4 years ago
In order to lose weight, energy expenditure must exceed energy intake. negative energy balance occurs when the body is using mor
cupoosta [38]
Arthur will have to expend the energy that is stored in the 8-week period, and we may calculate this using the provided information.

Total fat stored = 12 lb
Total energy = 12 * 3500 = 42,000 kcal
Per week, he has to have a negative balance of:
42,000 / 8 = 6,000 calories

First, we write the daily input:
3,000 kcal

Output:
1,800 kcal (basal metabolic rate)

Negative balance:
6,000

Burned:
b

Now, we may use the equation:

Input = deficit + output + burned

burned = 3,000 - 6,000 - 1800

Arthur must burn a total of 4,800 kcal daily if he wishes to lose that much weight in the given amount of time.
8 0
4 years ago
An example of foreseeable damages from a faulty repair of your car that led to an accident would be __________. your loss of a w
OLga [1]

Answer:

the cost to repair your vehicle, as well as all damage to other vehicles involved in the accident.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.

A foreseeable damage can be defined as a any form of damage that the parties to a contract knew or took note of at the time when they were signing an agreement to the contract. Thus, it is the ability of an individual to reasonably anticipate the likelihood of damage or potential injury in a given circumstance such as an accident.

This ultimately implies that, foreseeable damages involves the ability of a reasonable individual to anticipate the potential results of his or her actions such as damage or injury to another person due to the refusal to repair a faulty car.

An example of foreseeable damages from a faulty repair of your car that led to an accident would be the cost to repair your vehicle, payment of hospital bill for the injured, including the damage to other vehicles that were involved in the car accident.

5 0
3 years ago
If the employer is tardy in paying the state contributions, the credit against the federal tax is limited to what percent of the
sertanlavr [38]

Answer:

The answer is: 90%

Explanation:

In order for an employer to qualify for the maximum credit against FUTA taxes (Federal Unemployment Tax Act), they have to file their annual return in time and also pay their state contributions in time. If they file their report late or miss the  state contributions due date, they will be sanctioned by lowering the maximum credit from 5.4% to 4.86% (90% of maximum credit).  

7 0
3 years ago
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