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
mr Goodwill [35]
3 years ago
5

Sixty years ago, your mother invested $3,800. Today, that investment is worth $430,065.11. What is the average annual rate of re

turn she earned on this investment
Business
1 answer:
LuckyWell [14K]3 years ago
3 0

Answer:

8.2%

Explanation:

As we know that:

r = (Future Value / Present Value)^(1/Time)   - 1

Here

Future Value is $430,065.11

Present Value is $3,800

Time is 60 years

By putting values, we have:

r = ($430,065.11 / $3,800)^(1/60)   - 1

r = (113.16)^(1/60)   - 1

r = 1.082 - 1 = 8.2%

You might be interested in
On September 15, 2021, Oliver's Mortuary received a $7,200, nine-month note bearing interest at an annual rate of 8% from the es
Sphinxa [80]

Answer: PLease see answer below

Explanation:

Date Account title and explanation Debit Credit

Dec 31   Interest receivable                           $168  

2021             Interest revenue                                                 $168

Calculation

Interest =Principal x time x rate

= 7,200 x 8% x 3.5 /12(15th september to 31st December)

=$168

4 0
3 years ago
In a jewelry store, a customer places an order for a piece of jewelry (for example, a silver pin in the shape of a tulip). each
Marizza181 [45]

The best type of system for the order of the jewelry would be:

 

<span>1. </span>A customer chooses what he wants from the jewelry

<span>2. </span>He/she must check if the special jewels that he/she wanted are available for pre-order

<span>3. </span>Once the business agreement is done a transaction shall be followed in the making.

 

<span>Special orders should always be made to be pre-ordered, if the supplier has the item.</span>

6 0
3 years ago
Insurance is the way a person or business is protected from :
nevsk [136]

Answer:

losing money

Explanation:

Helps save you from the out of pocket expense if something bad were to happen.

For example if your roof was damaged by a natural disaster it could cost thousnads of dollars out of a persons pocket.

Insurance will pay the cost to repair it allowing you to be protected from losing money.

3 0
3 years ago
The equivalent units in beginning work in process inventory plus the equivalent units in ending work in process inventory equals
vivado [14]

Answer:

False

Explanation:

The formula for equivalent units units as follows:

Opening Work in Process + Equivalent units on which the work is done - Closing Work in process = Units Transferred

Therefore, ideally,

Opening work in process - Closing work in process = Units transferred - Equivalent units on which work is done.

As adding all the cost incurred during the period to opening inventory of work in process, we get the total cost for the period, thereafter, deducting the cost allocated to closing work in process we get the value of goods produced and transferred.

<u>Therefore, above statement is false.</u>

8 0
3 years ago
Use the___icon to delete a record ?<br><br> A.*<br> B.=<br> C.X<br> D.&amp;
Ghella [55]

Answer:

X

Explanation:

Crt +X to delete some thing in computer

8 0
3 years ago
Other questions:
  • Lagle Corporation has provided the following information:
    9·1 answer
  • Why is the perception of Stew Leonard’s as a ""fun place"" so important to their business? Discuss the consumer decision making
    11·1 answer
  • Outstanding checks
    13·1 answer
  • Nick, a skilled welder, had been working for 12 years in a factory that recently closed. This has caused high unemployment in hi
    14·1 answer
  • A 4.30 percent coupon municipal bond has 15 years left to maturity and has a price quote of 97.85. The bond can be called in fou
    5·1 answer
  • When Hertz Rent-a-Car decides to expand its fleet, several companies as well as consumers will be involved. Financial services w
    6·1 answer
  • Snappy Company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply manufa
    8·1 answer
  • Which statement is an example of effectively managing diversity
    8·1 answer
  • Enlightened marketing calls for building long-run consumer engagement, loyalty, and relationships by continually improving the b
    11·1 answer
  • fostering a leadership environment involves all of the following except: a. coaching b. building a shared vision c. empowering d
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!