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SVEN [57.7K]
2 years ago
14

if you make a one-time investment of $500 at 8% interest compounded annually, how much money will you have in 20 years? 50 years

?
Business
1 answer:
sladkih [1.3K]2 years ago
8 0

The formula for annually compounded interest is as follows:

A = P(1 + r)^t

P is the initial amount you invest, r is the interest rate as a decimal, and t is the number of years the money will have been invested.

Convert the 8% interest rate into a decimal by dividing by 100:

8 \div 100 = 0.08

We now have all of our values. Plug the known values into the equation:

P = 500, r = 0.08

t = 20

500(1+0.08)^{20} = 500(1.08)^{20} = \boxed{2330.48}

t  = 50

500(1+0.08)^{50} = 500(1.08)^{50} = \boxed{23450.81}

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Answer:

a. $29.23

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Explanation:

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= $29.23

So, for determining the overhead application rate we simply divide the total standard overhead by total standard hours.

b. The computation of overhead was applied to production is shown below:-

Applied overhead = Standard hours for actual production × Overhead application rate

= 5,000 × $29.23

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3 years ago
Electrix Inc. is an electrical appliances manufacturing company. It distributes shares of stock to its employees by placing the
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Answer:

<em>Employee stock ownership  plan</em>

Explanation:

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Over time stock shares accumulate before an employee is eligible to them.

With an ESOP, while still working with the company, you never purchase or keep the stock directly.

If an employee is fired, decides to retire, is disabled, or dies, the company must transfer the stock shares in the account of the employee.

4 0
3 years ago
poornima gupta is retiring soon, so she is concerned about her investments providing her steady income every year. she is aware
pshichka [43]

In a case whereby poornima gupta is retiring soon, so she is concerned about her investments providing her steady income every year, the risk is poornima most concerned about protecting against is interest reinvestment risk.

<h3>What is interest reinvestment risk?</h3>

Reinvestment rate risk  can be described as the risk that should be considered in the case whereby the investor  have the reason to carry out  reinvestment in regards with the future cash flows  which could come inform of a  lower return  as a result of the interest rate declines.

It should be that this risk is very important to be taken serious by the investors because any slight mistake can result to very huge lost in the part of the investor and this can bring down there investor in term of finance which is very dangerous for his health as well as other investment that he have outside.

Read more about risk at:

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4 0
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She will be able to m<em>atch </em>downloaded deposits to <em>existing</em> transactions in the Banking Center.

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3 0
2 years ago
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Answer:

a) 46.7, 80 b) 20, 60   c) yes

Explanation:

a) % utilization= utilization/design capacity × 100

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   % efficiency= efficiency/design capacity × 100

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b) Utilization= 2/10 × 100 = 20%

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c) A system with higher efficiency ratios will always have higher utilization as these systems will have lesses number of failures

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