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
Lilit [14]
3 years ago
7

Yao decides to place a $2,000 deposit at the end of each year into a bond fund that earns 6% annually. Find the amount of the in

vestment in 20 years.
Business
1 answer:
Luden [163]3 years ago
3 0

Answer:

$6,414.271

Explanation:

Principal ( Initial deposit) = $2,000

Interest rate = 6% annually = 6/100 = 0.06

Period (Time ) = 20 years.

Number of times it earned (n) = annually (yearly)

Formula to be used =

A = P( 1 + r/n)^nt

A = $2,000( 1 + 0.06/1) ^ 1×20

A = $2,000(1.06) ^20

A = $6,414.271

The total amount on investment in 20 years = $6,414.271

You might be interested in
Double D Ranch and Esau enter into a contract on August 1 for the sale of 200 cattle. Esau cancels the contract ten days later.
ycow [4]

Answer:

Keep the cattle and recover the contract price from Esau

Explanation:

Since in the question it is given that the Double D Ranch and Esau enter into a contract on August 1 for selling of 200 cattle.

But Esau cancels the contract after 10 days. Now the Double D Ranch is not able to sell the cattle to the another buyer so in this case , the Double D Ranch should keep the cattle and get back the price of the contract from the another party i.e Esau as he cancels the contract

3 0
3 years ago
Rocco earns​ $19.00 per hour for straight time​ (40 hours), and the company pays him​ time-and-a-half for overtime. he worked 49
hram777 [196]
The solution to get the gross pay for the week of Rocco;First we will calculate the straight time pay which is (40 x $19.00) = $760,  second is the overtime pay which is (3 x $19.00 x 1.5) = 85.5, we will just add the straight time pay and overtime pay to get the gross pay and it is $845.5
4 0
3 years ago
Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 66,00
Greeley [361]

Answer:

The incremental cost is $198,000

Explanation:

Given;

Current cost per unit to manufacture = 66,000 units

Direct materials = $5.00

Direct labor= $9.00

Overhead = $10.00

Total cost per unit = $24.00

Incremental costs = $1,254,000 - $1,056,000 = $198,000

7 0
3 years ago
James lives near a university and observes that almost every student uses a cell phone. He decides to open a small shop offering
Dafna1 [17]

Answer: The correct answer is "an opportunity niche".

Explanation: James lives near a university and observes that almost every student uses a cell phone. He decides to open a small shop offering repair services for cell phones. His shop is an instant success. James has satisfied an area of need called <u>an opportunity niche.</u>

The concept of a niche of opportunity refers to the existence of a group of people or companies that have certain needs, and who have the will to meet them and economic capacity to acquire the services or goods necessary for this,<u> in this case James les He offered the good or service to meet this need.</u>

3 0
3 years ago
Holden has always wanted to work in the Government and Public Administration career cluster. He is very good at math and worked
Step2247 [10]

Answer:

the Revenue and Taxation pathway

Explanation:

100% on the test

3 0
3 years ago
Read 2 more answers
Other questions:
  • dar Grove Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales o
    10·1 answer
  • Our tax laws encourage taxpayers to ____ assets that have appreciated in value and ____ assets that have declined in value.a. se
    12·1 answer
  • If sales are $799,000, variable costs are 75% of sales, and operating income is $222,000, what is the contribution margin ratio?
    7·1 answer
  • Sigmund Jewelers creates inexpensive costume necklaces, bracelets, and rings. As a way to save costs on sending out these small
    6·1 answer
  • Harold's caters to the clothing needs of men, manufacturing two different lines of fashion based on the purchasing power of its
    7·1 answer
  • Currency held outside banks is $200 billion, money market mutual funds (retail) are $10 billion, small-denomination time deposit
    13·1 answer
  • Alejandra is Calculating the nondurable goods value for 2017. She is calculating the value by using the quantity of each final n
    10·1 answer
  • ABOUT Stephen hawking ​
    11·2 answers
  • Marlo is a compulsive shopper. He shops for apparel online. He wants to get rid of the habit. He seeks help from his friend Thom
    7·1 answer
  • justify your answer by explaining how the weighted average cost of capital for the company would change if clark uses bank debt
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!