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
Virty [35]
3 years ago
15

You have just inherited $560,000. You plan to save this money and continue to live off the money that you are earning in your cu

rrent job. If you can invest the money in a bond that pays 5.46 percent interest annually, how long will it be before your inheritance is worth $1 million? (If you solve this problem with algebra round intermediate calculations to 5 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72.)
Business
1 answer:
suter [353]3 years ago
6 0

Answer:

10.64 years

Explanation:

To find the number of years , use this formula :

FV / PV = (1 + r) ^n

FV = Future value  = $1 million

P = Present value  = $560,000.

R = interest rate  = 5.6%

N = number of years  

$1,000,000 / $560,000 = (1.056)^n

1.785714  = (1.056)^n

Find the In of both sides

n = 10.64 years

You might be interested in
ASAP I need help.
san4es73 [151]
Progressed, succeeded, achieved, determined, advanced
6 0
2 years ago
An early 1970s government study ("Work in America") identified three chief sources of worker dissatisfaction. Which of the follo
Sidana [21]

Answer:

"The rigidity of rules and regulations " is the appropriate response.

Explanation:

  • Rigidity seems to be a distinguishing characteristic of the disposition among people with autism or disabilities.
  • The same kind of perspective also requires an individual to implement strict guidelines to circumstances that require uncertainty as well as consistency.

That being said, regulations, as well as standards, seldom operate stringently, with little difference throughout circumstances and conditions.

6 0
3 years ago
Five aspects of business
emmasim [6.3K]

Answer:

Here you go!

Explanation:

Dont look dumb

Dont act dumb

Dont be dumb

Dont sound dumb

Be Nice :)

3 0
3 years ago
The present value interest factor for an annuity with an interest rate of 8 percent per year over 20 years is ____.
lianna [129]

The present value factor of an annuity that will mature in 20 years at an interest rate of 8% is <u>9.8181474.</u>

<h3>What is the present value interest factor?</h3>

It can be found by using the present value of an annuity formula of:

= Amount x ( 1 - ( 1 + rate) ^ - number of periods) / Rate

As there is no amount, solving gives:

= ( 1 - ( 1 + 8%) ⁻²⁰) / 8%

= 9.8181474

In conclusion, it is 9.8181474.

Find out more on present value of annuity at brainly.com/question/25792915.

8 0
3 years ago
Aicpa auditing standards address the confirmation of accounts receivable for private company audits. what are the circumstances
alina1380 [7]

Answer:

Confirmation of accounts receivables is not required when the account information is immaterial.

An account is said to have immaterial information when the account doesn't reflect any important or relevant information that can affect the opinions or decisions of shareholders, potential investors or creditors of the company.

The auditors have the responsibility of deciding what information is relevant and important and what is immaterial

4 0
3 years ago
Other questions:
  • Culture and Ethical Business PracticesThe business world is becoming increasingly global due to advances in technology and trave
    10·1 answer
  • An individual actually earned a 4 percent nominal return last year. Prices went up by 3 percent over the year. Given that the in
    9·1 answer
  • kristen and harrison are equal partners in the kh partnership. the partners formed the partnership 5 years ago by contributing c
    8·1 answer
  • We argued that when the economic growth in the US is greater than the (economic) growth rates of our trading partners, the trade
    14·1 answer
  • You have always thought that learning to play the guitar would be fun. However, this activity would cost money and require time
    10·1 answer
  • You buy a put option to sell stock at $35. The price of the stock is $34 when you bought it, and the price paid for the put is $
    15·1 answer
  • A stability strategy is a grand strategy that involves little or no significant organizational change. For example, Love Forever
    13·2 answers
  • Shawn Bixby borrowed $39,000 on a 150-day, 9% note. After 80 days, Shawn paid $4,200 on the note. On day 113, Shawn paid an addi
    7·1 answer
  • Ram said to me "Dont stand up" .(into indirect speech)​
    12·2 answers
  • Which stage of the planning process is Jekyll Corp. involved in if it is assessing how well alternative plans meet high-priority
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!