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
Sidana [21]
3 years ago
8

Suppose you invest $2500 each year in a savings account that earns 12% per year. How much will be in the account in 10 years?

Business
1 answer:
iVinArrow [24]3 years ago
4 0

Answer:

Final Value= $43,871.84

Explanation:

Giving the following information:

Suppose you invest $2500 each year in a savings account that earns 12% per year.

Number of years= 10

To calculate the final value we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit= 2,500

i= 0.12

n=10

FV= {2,500*[(1.12^10)-1]}/0.12= $43,871.84

You might be interested in
DeMarcus has been general manager of the Surf and Turf Club restaurant for many years and always schedules extra staff for the b
Keith_Richards [23]

Answer:

illusion of control.

Explanation:

The illusion of control is the tendency for people to overestimate their ability to control events; for example, it occurs when someone feels a sense of control over outcomes that they demonstrably do not influence.

In the scenario, although Business has been consistently slow on Fridays in recent months, yet DeMarcus decides to continue with the extra staffing.

This is obviously a case of illusion because he has no control over the external business environment and there is no logical reason to continue with extra staffing.

3 0
3 years ago
The city of Animaltown plans to build a new bridge across the river separating the two halves of the city for use by its residen
goldenfox [79]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

7 0
3 years ago
What is the most important component in planning a special event as a way to both advocate for your programs and raise funds?
marysya [2.9K]
I think the answer is Strong leadership, because you can’t have a good event without the right evader
8 0
3 years ago
Why the exist an economy?
MAVERICK [17]

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people

hope this helps

Explanation:

4 0
2 years ago
Why are developing countries experiensing rapid population growth while developed countries are growing slowly or not at all?​
Mekhanik [1.2K]

Answer:

Population growth in developing countries will be greater due to lack of education for girls and women, and the lack of information and access to birth control.

Carry learning!

Study hard!

Brainliest please!

Thank you

4 0
2 years ago
Other questions:
  • At today's rate of consumption, the world's known reserves of tantalum will last about ________ more years, but if everyone in t
    15·1 answer
  • The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the
    8·1 answer
  • Sandstorm Corporation decides to develop a new line of paints. The project begins in 2019. Sandstorm incurs the following expens
    10·1 answer
  • A building was purchased for $66,500. The asset has an expected useful life of eight years and depreciation expense each year is
    7·1 answer
  • The optimum approach for escalation is based on a thorough integration of the monitoring process into the
    10·1 answer
  • if increasing the number of goods produced is one way to increase productivity what is the other way to increase productivity
    9·1 answer
  • 1. Albacore Corporation purchased a new machine costing $27,600 on January 1, 2017. The machine is expected to have a $1,800 sal
    13·1 answer
  • A tip of $10 is best for which kind of service?
    15·2 answers
  • What can a cover letter explain that a résumé cannot?
    9·2 answers
  • The presence of barriers to entry in a particular market will generally make acquisitions __________ as an entry strategy
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!