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
djyliett [7]
3 years ago
11

Suppose you can afford to invest $1,000 each month into an account that pays 15% per year. How many years will you need to make

this monthly investment for your account to be worth $2,000,000?
Business
1 answer:
myrzilka [38]3 years ago
6 0

Answer:

Explanation:

Rate per period =15% = 15/12 monthly

Payment(PMT)=$1,000

Future amaount(FV)=$2,000,000

N(years)=?

If input this data into fin calculator, n= 262.27months=262.27/12years=21.86years

You might be interested in
Arianna is responsible for the cleaning, pet, and paper products in the grocery store where she works. she considers herself an
Naya [18.7K]

Arianna is engaged in the category management of the store. Category management is involved in the retailing and the purchasing concept by which it ranges the products that are being purchased or the products that are being sold into categories that are being broken down in discrete groups that are in similar or products that are related.

4 0
3 years ago
Read 2 more answers
Agency costs faced by MNCs may be larger than those faced by purely domestic firms because: a.monitoring of managers located in
mars1129 [50]

Agency costs faced by MNCs may be larger than those faced by purely domestic firms because:

  • monitoring of managers located in foreign countries is more difficult AND foreign subsidiary managers raised in different cultures may not follow uniform goals.
  • monitoring of managers located in foreign countries is more difficult.
  • .MNCs are relatively large.
  • foreign subsidiary managers raised in different cultures may not follow uniform goals.

<h3>What are multinational corporations?</h3>

Multinational corporations can be regarded as one that have the license to operates in more than one country at a time.

Agency costs faced by MNCs may be larger than those faced by purely domestic firms due to how foreign subsidiary managers raised in different cultures may not follow  uniform goals.

Read more on human capita development here:

https://brainly.in/question/36071285

#SPJ12

8 0
2 years ago
A basic finding of labor economics is that workers who have more experience in the labor force are paid more than workers who ha
weqwewe [10]

Answer:

1. A basic finding of labor economics is that workers who have more experience in the labor force are paid more than workers who have less experience (holding constant the amount of formal education). True

2. This might be the case because people with more experience have usually had more on-the-job training. True

3. Some studies have also found that experience at the same job (called job tenure) has an extra positive influence on wages. Job tenure is valuable because people gain <u>job-specific knowledge</u> that is useful to the firm.

Explanation:

A worker with more experience means more on-the-job training, this drastically increases the worker's value of the marginal product of labor.

5 0
3 years ago
A company enters into a short futures contract to sell 5000 bushels of wheat for 571'4 cents per bushel. The initial margin is $
zalisa [80]

Answer:

563.4 cents

Explanation:

A margin call occurs when the margin of an investment falls bellow the maintenance margin.

In this problem, the production costs for 5,000 bushels are given by:

Margin = Price*units -Cost\\\$1,500=\$5.714*5000 - Cost\\Cost = \$27,070

The price per bushel that yields a margin of $1,100 is:

\$1,100=Price*5,000- \$27,070\\Price =\$5.634=563.4\ cents

You will receive a margin call at a price of 563.4 cents per bushel.

4 0
4 years ago
When two proprietors decide to combine their businesses and form a partnership, gaap usually requires that noncash assets be tak
Tcecarenko [31]
When proprietors decide to combine their business and form a partnership, gaap usually requires that non cash assets be taken over at : C. fair market vale
The data will be used to calculate the percentages of ownership of each combined companies

hope this helps
8 0
3 years ago
Other questions:
  • _____ is a problem-solving strategy that involves repeated comparisons between the current state and the goal state. working-bac
    14·1 answer
  • What is debt funding?
    11·1 answer
  • Zhang company reported cost of goods sold of $842,000, beginning inventory of $38,600 and ending inventory of $47,000. the avera
    5·1 answer
  • Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have
    5·1 answer
  • Data for Hermann Corporation are shown below:
    9·1 answer
  • The Howe Co. stockholders equity account follows: Common stock (400,00 shares at $4par) $1,600,000 Paid in capital in excess in
    6·1 answer
  • Western Wear has total sales of $642,100, EBIT of $93,900, net income of $50,800, current assets of $153,500, total assets of $6
    6·1 answer
  • Despite Alisa’s request for a 7% wage increase for workers with seniority, Katherine flat out rejects the request and cites the
    14·1 answer
  • Marbry Corporation's balance sheet and income statement appear below.
    5·1 answer
  • Instead of investing a lump of sum of $25000,Brittany Royer decides to svae the money in a vault for 2years. Assuming the inflat
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!