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]
3 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]3 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
What tips should he follow? Check all that apply. Cross your arms in front of you. Stand with your hands in your pockets. Don’t
Marta_Voda [28]

Answer:

  • Don't Chew Gum
  • Listen Attentively
  • Sound Enthusiastic and Sincere
  • Use proper language and enunciate clearly

Explanation:

(Avoid Clarifying vague questions might be an answer but not sure. I'm sorry if I am wrong)

8 0
3 years ago
The mission statement of your business should contain all of the following elements except the
Zarrin [17]
C. expected profit margins
the mission statement provides information about the company as to who, why and how they plan to operate
7 0
3 years ago
Read 2 more answers
The point at which birth and death rates balance is called
yawa3891 [41]

Answer:

B balancing growth

Explanation:

4 0
3 years ago
Which management career often requires a master’s degree?
Ray Of Light [21]
Chief Executives is the answer
8 0
4 years ago
Read 2 more answers
Ospry Company has working capital in the amount of $ 1,240,000 . For the following transactions, determine whether working capit
chubhunter [2.5K]

Purchasing inventory increases your accounts payable and the inventory balance. Trade payables are part of current liabilities and inventories are part of current assets. Both the balance of current assets and current liabilities will increase and the net effect on working capital will be zero. Therefore, working capital remains the same.

Cash in bank accounts and cash, including unpaid customer checks. Securities such as US Treasury bills and money market funds. A short-term investment that the company plans to sell within one year. Accounts receivable are less a provision for accounts receivable that are unlikely to be paid.

In short, working capital is the money available to meet current short-term obligations. To ensure your working capital is working effectively, you need to calculate your current situation, anticipate your future needs, and consider how to ensure you always have enough cash.

Learn more about working capital at

brainly.com/question/19804046

#SPJ4

6 0
2 years ago
Other questions:
  • It becomes easier for businesses to borrow money when
    5·1 answer
  • Social media is which of the following?
    8·2 answers
  • GoodFurn Furniture Company has recently moved to a new, larger location. At the new location, it has been unable to attract suff
    7·1 answer
  • Which of the following is true? AChecks and Debit Cards both withdraw money directly from a bank account. BDebit cards offer the
    7·2 answers
  • Which of the following will be affected if consumers take money out of checking accounts to pay their credit cards?A. M1B. M2C.
    7·1 answer
  • Which of the following is NOT one of the RESULTS of mass production? A) lower prices B)Product standardization C) increased trad
    6·1 answer
  • RST Company uses a process cost system. The following data pertains to January.
    15·1 answer
  • On 12/31/10, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $17
    9·1 answer
  • On January 1, 2016, American Corporation purchased 30% of the outstanding voting shares of Short Supplies common stock for $240,
    10·1 answer
  • Tina, Jack, and Jade were just about to deliver a presentation together. Tina said, "Remember to emphasize our need for a larger
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!