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
Andru [333]
3 years ago
5

You plan to save $200 a month for the next 24 years and hope to earn an average rate of return of 10.6 percent. How much more wi

ll you have at the end of the 24 years if you invest your money at the beginning rather than the end of each month?
Business
1 answer:
Allisa [31]3 years ago
3 0

Answer:

$7.278×10^14

Explanation:

A = P(1+r)^n

P = $200, r = 10.6% = 0.106

If the money is invested at the beginning of each month, there would be 12 months in a year for me to invest.

Therefore, n = 24×12 = 288 months

A = 200(1+0.106)^288 = $7.99×10^14

If the money is invested at the end of each month, there would be 11 months for me to invest

Therefore, n = 24×11 = 264 months

A = 200(1+0.106)^264 = $7.12×10^13

Additional amount = $7.99×10^14 - $7.12×10^13 = $7.278×10^14

You might be interested in
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
oksian1 [2.3K]
A Checking Account would.
3 0
3 years ago
In the context of Lazarus's model of appraisal, which of the following defines the term reappraisal? a. Determining whether reso
gladu [14]

Answer:<u><em>(d.) Evaluation of whether the response made to a demand or threat was effective</em></u>

Explanation:

Richard Lazarus stated that stress is a process where the manufacturing of stressors by the surrounding, and the effect on an individual subjected to these stressors.  

He also stated that these cognitive appraisal will happen when a individual considers two major element that add in his response to stress. These two element are as follow :

The baleful propensity of the stress to the individual, and

The classification of resources required to decrease, endure or decimate the stressor and the stress it produces.

3 0
3 years ago
Chavin Company had the following results during August: net operating income, $250,000; turnover, 5; and return on investment (R
sergeinik [125]

Answer: D. $1,315,789

Explanation:

Return on Investment = Net operating income/ Average operating assets

Average return on Assets will therefore be;

= Net Operating Income/ Return on Investment

= 250,000/0.19

= $1,315,789.47

= $1,315,789

7 0
3 years ago
Pension data for Fahy Transportation Inc. include the following: ($ in millions) Discount rate, 9% Expected return on plan asset
mixer [17]

Answer: $45 million

Explanation:

Cash Contributions during the year can be calculated by;

= Ending Plan assets + Retiree benefits - Opening plan assets - Actual return

Actual return

= Actual return on plan assets * Opening plan assets

= 13% * 500

= 65

Cash contributions = 530 + 80 - 500 - 65

= $45 million

3 0
3 years ago
Acornadian Inc., a total marketing solutions company based in London, has separate teams based on functional areas like digital
Snowcat [4.5K]

Functional Departmentalisation.

4 0
3 years ago
Read 2 more answers
Other questions:
  • A firm in a purely competitive industry is currently producing 1,000 unit per day at a total cost of $450. If the firm produce 8
    9·2 answers
  • Kathy is 48 years of age and self-employed. During 2018 she reported $538,000 of revenues and $107,600 of expenses relating to h
    10·1 answer
  • Will and Lyndsey are married with no dependents and file a joint tax return. In 2019, they paid $3,000 in qualified student loan
    13·1 answer
  • You own a small store. Your cashier thinks you should lower prices to increase your total revenue and your friend thinks you sho
    11·1 answer
  • Liquidity refers to Group of answer choices the ease with which an asset is converted to the medium of exchange. the measurement
    5·1 answer
  • Because of _____, an increase in government spending results in a larger increase in real GDP. Please choose the correct answer
    8·1 answer
  • Shamrock Company had net income of $34,000. The weighted-average common shares outstanding were 8,500. The company declared a $3
    9·1 answer
  • _____ is the rate that causes the present value of all cash flows from a property (including its resale value) to be equal to th
    15·1 answer
  • Rhonda has an adjusted basis and an at-risk amount of $12,400 in a passive activity at the beginning of the year. She also has a
    7·1 answer
  • A merchandiser sold merchandise inventory on account. the journal entry to record a sales allowance in the books of the merchand
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!