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elena-14-01-66 [18.8K]
3 years ago
6

10. A 20-year-old student wants to save $3 a day for her retirement. Every day she places $3 in a drawer. At the end of each yea

r, she invests the accumulated savings ($1,095) in a brokerage account with an expected annual return of 12%. How much money will she have when she is 65 years old? (We did this part in class)
Business
1 answer:
deff fn [24]3 years ago
3 0

Answer:

The future value of this students savings will be for 1,487,261.89 dollars

Explanation:

We will calculate the future value of an annuity 1,095 of 45 years at 12% interest rate:

PTM \times \frac{1-(1+r)^{-time} }{rate} = FV\\

PTM 1,095 dollars

time     45 years

rate          12% = 12/100 = 0.12

1095 \times \frac{(1+0.12)^{45} -1}{0.12} = FV\\

FV $1,487,261.89

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If the government wants to expand aggregate demand, it can ________ government purchases or ________ taxes.
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If the government wants to expand aggregate demand, it can "rebate" government purchases or "cut" taxes.

<h3>What is aggregate demand?</h3>

The total quantity of demand for all finished products and services generated in an economy is measured as aggregate demand.

Some characteristics of aggregate demand are-

  • The total amount of money spent on those goods and services at a particular price level and time is known as aggregate demand.
  • The correlation between output and all prices can be seen on an aggregate demand curve.
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  • Consumer spending, investment spending, government spending, and the difference between exports and imports are all added together to determine aggregate demand.
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1 year ago
In large hotels, who is responsible for the recruitment of reservations staff?
artcher [175]

Answer:

C. the human resources manager

Explanation:

In large organizations, employee recruitment is the function of the human resource manager. The Human resource manager is an expert in employee affairs and works closely with the other managers to hire the right workers for each position.

The human resource manager coordinates the recruitment process, starting with advertising for the position, shortlisting, conducting interviews, and appointing the best candidate.

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3 years ago
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Most small business ventures are in the _____ category of the entrepreneurial strategy matrix.
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Most small business ventures are in the low innovation/high risk  category of the entrepreneurial strategy matrix.

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3 years ago
With a pull marketing strategy,A. orders for merchandise are generated at the store level based on sales data captured at POS te
o-na [289]

Answer:

A. orders for merchandise are generated at the store level based on sales data captured at POS terminals.

Explanation:

In a pull marketing strategy, the company focuses on targeting customers to want the product under consideration specifically. For this the company focuses on targeting customers directly by providing straight discounts when bought from production houses directly.

This basically ignores the role of retailers and middle persons in the supply chin. Companies target the customer in such manner so that customers directly contact the producing houses.

Accordingly, orders are booked in store level only, through estimated sales study.

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3 years ago
Whether a business makes a profit or loss is determined by the difference between the total amount of money a business takes in,
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Answer:

Revenue/Income; Expenses

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