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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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In April​ 2017, the​ working-age population of the United States was 254.6 million. The​ working-age population is divided into
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population of the United States was 254.6 million. The​ working-age population is divided into those in the labor force​ (160.2 million) and those not in the labor force​ (94.4 million). The labor force is divided into the employed​ (153.2 million) and the unemployed​ (7.1 million). Those not in the labor force are divided into those not available for work​ (88.7 million) and those available for work​ (5.7 million).​ Finally, those available for work but not in the labor force are divided into discouraged workers​ (0.5 million) and those currently not working for other reasons​ (5.2 million).

Use this data to help determine which one of the following statements is​ true:

The unemployment rate is

7.1 million / 160.2 million×100=4.4%.

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N.B

Check the attachment for full question

Answer:

D. Both A and B are correct

Explanation:

The unemployment rate is 4.4%

That is unemployed/labour force = (7.1million/160.2 million ) * 100 = 4.4%

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That is: total labour force /total population = (160.2million/254.6million) * 100 = 62.9%

4 0
3 years ago
The reasons why a company opts to expand outside its home market include all of the following EXCEPT:
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Answer:

E. identifying resources and capabilities in the company's home market.

Explanation:

Expanding into international markets gives a company access to new markets, thereby increases the number of its customers. The company will have to increase its production to cater to a large number of customers.  Bulk production results in the company enjoying economies of scale.

For a company to enjoy to consider international markets, it must have already identified its capabilities in the domestic market. The reason for seeking foreign markets if to fully exploits its existing capabilities and resources. Expanding to international markets involves building on the already identified resources and abilities.

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If a firm has 1,200 completed and transferred out units, 200 equivalent units of beginning work in process and 500 ending work-i
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Answer:

1,700 units

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The computation of the total of equivalent units of production using the weighted-average method is shown below:

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We simply added the completed & transferred units and ending work in progress equivalent units.

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Answer:

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