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
Darina [25.2K]
4 years ago
10

Brad will graduate next year. When he begins working, he plans to deposit $6000 at the end of each year into a retirement accoun

t that pays 6% interest. How much will be in his account after 40 deposits
Business
1 answer:
Dovator [93]4 years ago
8 0

Answer:

$92,8571.7937

Explanation:

The computation of the amount after 40 deposits is shown below:

= (((1 + interest rate)^number of years - 1) ÷ interest rate)× principal

= (((1 + 0.06)^40-1) ÷ 0.06) × $6,000

= $92,8571.7937

We simply applied the above formula and the same is to be considered

We considered all the things given in the question

You might be interested in
Part 1 Using the refusal skills sequence, complete the case scenario by indicating how you would refuse to be involved in the si
BARSIC [14]

<em>Incomplete question. </em>

<u>Full Question and Explanation:</u>

1. What are they asking me to do and why?

They are asking me to do things both illegal and sexual that I do not believe in doing.

2. Label what they are asking you to do (i.e. illegal, dangerous, etc.).

It is Illegal, sexual, and dangerous

3. Determine the consequences if you get caught or if you participate in this activity.

I could get infected with a disease or even get arrested by law enforcement agents.

4. Communicate my refusal.

I do not do such things and I will not follow others in their wrongful course.

5. Say no.

No matter what you say, I say no!

6. Use "I" statements.

I feel that you do not consider my feelings when you try to force me because I don't want to do these things.

7. Suggest an alternative.

No, lets go and watch a movie at the movie theater.

8. Leave the scene and avoid questionable places.

My mom must be waiting for me by now, I'll have to go home.

6 0
3 years ago
550 word essay about how poor decision choices have an effect on your future
Tpy6a [65]

Give me some time and I'll get right to it. I'm currently in school so please be patient with me. :))

5 0
4 years ago
The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta
kumpel [21]

Answer:

$17,688 unfavorable

Explanation:

The computation of the variable efficiency variance is shown below:

Variable efficiency variance = (Actual hours - standard hours) × standard rate

= (2,700 hours - 200 units × 6.8 hours)  × $13.20

= (2,700 hours - 1,360 hours)  × $13.20

= 1,340 hours  × $13.20

= $17,688 unfavorable

Since the actual hours is more than the standard hours so it would leads to unfavorable variance

6 0
4 years ago
Your project is split into two teams across two different continents. They understand the work to be completed, as well as commu
pentagon [3]

Answer:

Your project is split into two teams across two different continents. They understand the work to be completed, as well as communication processes. But they still often argue about how the work should be accomplished and who should make decisions. Given what you know, what is the most likely cause for these issues?

cultural differences

Explanation:

8 0
3 years ago
After year 3, free cash flows are expected to grow at a constant 5% a year indefinitely. The discount rate is 10%. The firm has
11111nata11111 [884]

Answer:

The price of the stock = $26.69

Explanation:

Missing question at inception is as follows <em>"A firm expects the following free cash flows: Year 1: $10 million, Year 2: $12 million, Year 3: $15 million"</em>

<em />

Year   Cash-flows"million    D. rate at 10%     Discounted cash flows

1                 10                         0.9091                          9.0910

2                 12                         0.8264                         9.9168

3                 15                         0.7513                          11.2695

4                 315                       0. 7513                         <u>236.6595</u>

Total                                                                            <u>$266.9368</u>

The price of the stock = Total Present value of cash flows / Number of Shares outstanding

The price of the stock = $266,936,800 / 10,000,000 shares

The price of the stock = $26.69368

The price of the stock = $26.69

Thus, the price of the stock is $26.69 per share

Note:

Present value of future cash flows at year 3 = 15*(1.05/10%-5%)  = 15*(1.05/5%) = 15 * 21 = $315 million

Discount rate for each year = 1/(1+r)^1 = 1/(1+0.10)^1 = 1/1.10 = 0.90909

6 0
3 years ago
Other questions:
  • Hudson Co. reports the contribution margin income statement for 2019.
    13·1 answer
  • Lauren, Kathryn and Emily close their medical business, pool their assets and open a surf shop. The state where they reside asse
    15·1 answer
  • Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 350,000 Income tax expe
    6·1 answer
  • What are the similarities and differences between marketing research and marketing intelligence systems?
    11·1 answer
  • Name the four factors that affect population growth.
    10·1 answer
  • When should you write the executive summary?
    15·2 answers
  • When a service ranks low on the dimensions of customer contact, labor intensity, and customization, the service providers need t
    10·1 answer
  • The Hi-Stakes Company has a number of importing and exporting transactions. Importing activities result in payables and exportin
    14·1 answer
  • which stage in a work-unit activity analysis focuses on the product, information, or service provided?
    11·1 answer
  • Marian received an extra principal payment on the loan her business made to another company. What activity does this exemplify?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!