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Nikolay [14]
3 years ago
11

Raul is a saver. He sets aside $200 per month during his career of 40 years to prepare for a comfortable retirement. He does not

like the idea of investing so he puts his money in a savings account which earns 2% interest per year. What is the balance of his retirement account after 40 years?
Business
1 answer:
monitta3 years ago
3 0

Answer:

$211,971.

Explanation:

he will have earned in $115,971 in interest.

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is the process of researching and developing new instruments to address the needs of investors and institutions in a rapidly cha
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The process of researching and creating new instruments to meet the requirements of investors and institutions in a financial environment that is rapidly shifting is known as financial engineering.

The application of mathematical techniques to the resolution of finance-related issues is known as financial engineering.Financial mathematics, mathematical finance, and computational finance are all other names for it.Tools from applied mathematics, computer science, statistics, and economic theory are used in financial engineering.

What distinguishes finance from financial engineering?

The fact that finance professionals use the products that finance engineers create in order to serve clients is a basic way to understand the difference between the two professions. Even though the two professions are distinct, they collaborated to create the industry we know today.

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4 0
1 year ago
A financial asset is: a physical asset like a car. a claim that entitles the owner to future income from the seller. the value o
stira [4]

Answer:

The correct answer is letter "B": a claim that entitles the owner to future income from the seller.

Explanation:

Financial assets are intangible resources that represent an entity's ownership claim or contractual rights to future payments. Common types of financial assets are cash, stocks, bonds, bank deposits, options, futures contracts, and derivatives. The value of an asset depends on supply and demand and its underlying value.

6 0
3 years ago
Sales made on account are recorded with a debit to Accounts Receivable and credit to Sales Revenue for the price times the quant
Effectus [21]

The correct answer is option A. The effect of the write-off in the accounting equation is to increase one asset and decrease another.

<h3>What is a write off in accounting?</h3>

This is a term that is used to refer to the removal of all accounts that are uncollectible for the general ledger of the business.

It is a write off when a person is not able to carry out all of the obligations that they are supposed to do.

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6 0
2 years ago
To what extent should government influence the economy of a democracy such as the United States? Support your position with conc
Ierofanga [76]

Answer: Quality monetary policy.

Explanation:

  • After the Great Depression of 1929, there was a real danger of economic dubiousness in the US economy. The government has learned some lessons from that episode. Authorities have taken several steps to prevent the country from reaching a similar position in the future. The government has stimulated the economy. In a situation of the danger of economic crisis, the government cuts taxes in the country. In this way, it encourages higher consumption among the population, which is a stabilizing factor for the economy.
  • The government is trying to reduce inflation with its revenues. The Federal Reserve Board manages that policy. The anti-trust law should be mentioned in addition to the mechanism. In doing so, it seeks to challenge the formation of unrealistic competition that may pose a threat to small and medium-sized enterprises. Technological advancement is also an essential factor, and the government supports the availability of these technologies, and widespread availability and market availability is one of the vital regulations of US monetary policy.
5 0
4 years ago
What determines whether the buyer is satisfied or dissatisfied with a​ purchase?
alukav5142 [94]
The relationship between the​ consumer's expectations and how others evaluate the product
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3 years ago
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