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solmaris [256]
3 years ago
15

Future Value At age 20 you invest $1,000 that earns 7 percent each year. At age 30 you invest $1,000 that earns 10 percent per y

ear. In which case would you have more money at age 60?
Business
1 answer:
agasfer [191]3 years ago
7 0

Answer:

In the case of age 30, there will be more money at the age of 60

Explanation:

When person start investing at the age of 20 then total year till 60 years age is  = 40 years.

Interest rate (r ) = 7 percent or 0.07.

Investment amount (Present value) = $1000

Now the total amount at the age of 60 years is calculated below.

Total \ amount = Present \ value (1 + r)^{n} \\= 1000 ( 1 + 0.07 ) ^{40}\\= 14974.4578 \ dollars

Now calculate the total amount at the age of 60 years when he invest at the age of 30 and earns interest rate 10 percent. Now the number of years is 30.

Total \ amount = Present \ value (1 + r)^{n} \\= 1000 ( 1 + 0.1 ) ^{30}\\= 17449.4023 \ dollars

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Which of the following serves as an incentive for entrepreneurs in a market economy?
hram777 [196]

Answer:

<em>Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to accept the risks of business failure.</em>

7 0
3 years ago
Productivity is output multiplied by worker hours. <br><br> a. True <br><br> b. False
ser-zykov [4K]

Answer:

Explanation:true cause more workers more production

3 0
3 years ago
Tyrone, a project manager at a computer firm, needs to monitor the schedule of a critical project. What should Tyrone do first?
MA_775_DIABLO [31]

Answer:

The correct answer is letter "C": Identify major scope creep.

Explanation:

Scope creep in project management refers to those uncontrolled changes in the scope of a plan. This can be caused when the scope of the project is not defined or controlled correctly. It may cause schedule variances so it is important to deal with it during the first steps of monitoring a critical project.

4 0
3 years ago
g Mr. and Mrs. David file a joint tax return. They have $169,300 taxable income in 2020, $120,300 of which is ordinary income an
Paul [167]

Answer:

$5,860

Explanation:

Computation for their tax savings from the preferential rate

First step is to calculate their tax liability

Using this formula

Tax liability =[Tax amount on $169,300 ordinary income-(Tax Amount on $120,300 ordinary income +Tax amount on $49,000 preferential income)]

Let plug in the formula

Tax Savings=[$35,648-($22,438+$7,350)]

Tax Savings=$35,648-$29,788

Tax Savings=$5,860

Therefore their tax savings from the preferential rate is $5,860

8 0
3 years ago
Suppose you are planning to deposit $3,000 in a bank account. You'd like your deposit to grow to $6,000 in 2 years. If interest
Pavel [41]

Answer:

The annual interest rate do you need is 34.77%

Explanation:

for:  A is the future value

       P is the present value

       r is the rate of interest

       n is the time period.

Then, the annual interest can be found by:

A = P(1 + r/52)^(52*n)

6000 = 3000*(1 + r/52)^(52*2)

(6000/3000)^(1/104) = (1 + r/52)

(1 + r/52) = 1.006687136

r = (1.006687136 - 1)*52

 = 34.77%

Therefore, The annual interest rate do you need is 34.77%

4 0
3 years ago
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