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
castortr0y [4]
3 years ago
15

A credit card company wants your business. If you accept their offer and use their​ card, they will deposit 11​% of your monetar

y transactions into a savings account that will earn a guaranteed 55​% per year. If your annual transactions total an average of ​$20 comma 00020,000​, how much will you have in this savings plan after 1515 ​years?
Business
1 answer:
Ket [755]3 years ago
3 0

Answer:

I will have $183536835400 in my savings after 1515 years

Explanation:

Deposit into the savings account = 0.11×$2000020000 = $220002200

Earnings after 1515 years = 0.55×1515×$220002200 = $183316833200

Total amount in savings plan after 1515 years = $220002200 + $183316833200 = $183536835400

You might be interested in
Apricot Corporation has decided to buy a new glazing machine for its factory. The machine's cost is $50,000 and the expected inc
Kisachek [45]

Answer:

$12,841.03

Explanation:

Given:

Initial Investment = $50,000

1st year expected income = $19,000

2nd year expected income = $25,000

3rd year expected income = $30,000

Expected rate of return = 8% = 8/100 = 0.08

Net present value = ?

Computation of net present value:

Net present value = C0 + \frac{C1}{(1+r)^1}+ \frac{C2}{(1+r)^2}+ \frac{C3}{(1+r)^3}

50,000 + \frac{19,000}{(1+0.08)^1}+ \frac{25,000}{(1+0.08)^2}+ \frac{30,000}{(1+0.08)^3}\\\\50,000 + \frac{19,000}{(1.08)^1}+ \frac{25,000}{(1.08)^2}+ \frac{30,000}{(1.08)^3}\\\\50,000 + \frac{19,000}{(1.08)}+ \frac{25,000}{(1.1664)}+ \frac{30,000}{(1.259712)}\\\\50,000 + 17,592.5926+ 21,433.4705+ 23,814.9672\\\\112,841.03\\\\

Net present value = $112,841.03

5 0
3 years ago
An agent is authorized to act on behalf of a principal in doing business with third parties. True False
bonufazy [111]

Answer:

The statement is: True.

Explanation:

In making business relationships, an agent acts as a third party that is legally authorized to establish businesses for one of the entities involved. The entity that uses the agent as an intermediary is called the principal. The agent must follow the principal's instructions avoiding to be biased by self-interest.

8 0
3 years ago
When making a decision, only relevant items are included in the analysis of the alternatives when using ______.
sergeinik [125]

Answer:

Explanation:

When making a decision, irrelevant items are included in the analysis in both alternatives when using: the total cost approach only.

7 0
2 years ago
Which of the following series uses commas​ correctly?
Serjik [45]
Incorrect. You don’t need a comma after “crocodiles” or before “other”
7 0
3 years ago
For the case of a perfectly price-discriminating monopolist (ppdm), producer surplus can be calculated as:
Marrrta [24]

Answer:

Explanation:

Producer surplus can be defined as the difference between how much a person can receive by selling a good at the market price versus how much a person would be willing to accept for the given quantity of good.

The Perfect Price Discrimination (1st degree price discrimination) will occur when an organization charges a different price for every unit consumed.

Producer surplus is formally given as PS = TR( q ppdm ) 0 q ppdm MC(q)dq

Where TR is the Total Revenue

For total cost and the definite integral of marginal cost over the range of output, we find that PS = TR( q ppdm ) TC( q ppdm ).

That is the sum of the consumer surplus and producer surplus is the total gains from trade.

8 0
4 years ago
Other questions:
  • Crunch Lite produces six different flavors of sugar-free cookies for the diabetic population. The company also produces a large
    13·1 answer
  • What is the purpose of a trial balance?
    14·1 answer
  • The Thomlin Company estimates that total overhead for the current year will be $16,000,000 and that total machine hours will be
    7·1 answer
  • Weiss Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have
    13·1 answer
  • The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of intangible assets is:__
    14·1 answer
  • If the Fed increases ​ior enough, such that it will raise the intersection point with the vertical portion of reserve​supply, th
    15·1 answer
  • Threads Inc., an apparel manufacturer, employs personal selling to market goods. Its employees handcraft products that are then
    15·1 answer
  • What is a market supply schedule?
    11·2 answers
  • Derrick has accepted a job in another state. His wife, who is not employed, is not happy about moving but doesn't have a choice.
    5·1 answer
  • Credit card companies fall into three groups: those who offer credit scores toeveryone, those who offer tocardholders,and thosew
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!