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allsm [11]
3 years ago
7

You want to have $60,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the a

ccount at the end of each year. If the account pays 6.4 percent interest, what amount must you deposit each year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Rufina [12.5K]3 years ago
4 0

Answer:

Annual deposit= $3,474.39

Explanation:

Giving the following information:

You want to have $60,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. The account pays 6.4 percent interest.

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

A= annual deposit

Isolating A:

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

A= (60,000*0.064)/[(1.064^12)-1]= $3,474.39

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nataly862011 [7]

The government website in which it is listed that the aforementioned names were employees is the <u>USPS</u>.

The United States Postal Service:

  • Employed Walt Disney as a postal carrier in 1918
  • Employed Bing Crosby as a post office counter
  • Employed Charles Lindbergh as an airmail pilot

The USPS website can therefore confidently claim that at some point or the other, all three names mentioned above used to work for them.

In conclusion, the correct answer is the USPS.

<em>Find out more about the </em><em>USPS </em><em>at brainly.com/question/910319. </em>

4 0
2 years ago
Which of the following is not true of generally accepted accounting principles?
andrey2020 [161]

Answer:

(A) GAAP does not have substantial authoritative support.

Explanation:

Choices B to C are true about GAAP.

Now, Choice A is not true since  GAAP also includes detailed procedures and practices that provide a <u>standard</u> and not only broad guidelines of general application and this will imply that GAAP has a <u>substantial authoritative support.</u>

<u></u>

Also it is called "Generally Accepted Accounting Principles" for this reason.

8 0
3 years ago
Ecologists try to reduce the likelihood that variables not under the control of the experimenter will unduly influence the resul
Travka [436]
They could influence the result by (<span>d.) replicating each treatment, including the control.
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3 0
3 years ago
Often, products enter the Blank______ stage of the product life cycle not due to any error in strategy but because of environmen
Anna35 [415]

Often, products enter decline the  stage of the product life cycle not due to any error in strategy but because of environmental changes.

<h3>What is product life cycle?</h3>

A product life cycle is the amount of time a product goes from being introduced into the market until it's taken off the shelves. There are four stages in a product's life cycle—introduction, growth, maturity, and decline.

<h3>What is the decline stage?</h3>

The final stage of the product life cycle (after introductory stage, growth stage and maturity stage) when sales are dropping because the original need and want have diminished or because another product innovation has been introduced.

The sales of most products will decline at some stage. This can be due to factors such as technological advances, trends, innovation or changing consumer tastes. You will know when your product reaches the decline stage of its life cycle because you will notice a significant downturn in the revenue it generates.

Learn more about Decline Stage of Product on:

brainly.com/question/6960017

#SPJ4

4 0
1 year ago
Brody Corp uses a process costing system in which direct materials are added at the beginning of the process and conversion cost
ivann1987 [24]

Answer:

14,105

Explanation:

Calculation for What would be the equivalent units for conversion cost using the weighted average method

Equivalent units for conversion cost=[(1,300 + 13,000 - 650 )×100%]+ (650 × 70%)

Equivalent units for conversion cost=(13,650 × 100%) + (650 × 70%)

Equivalent units for conversion cost=13,650+455

Equivalent units for conversion cost= 14,105

Therefore What would be the equivalent units for conversion cost using the weighted average method will be 14,105

5 0
2 years ago
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