To pursue a career in business information management, you need a degree or certification in____

you plan to deposit $1,500 quarterly for 35 years at 7% interest, compounded monthly. how much will you have in the account in 3

VikaD [51]

After 35 years, you will have $911,053.82 in the account.

This is based on a quarterly deposit of $1,500 per year for a period of 35 years at 7% interest, monthly compounded.

Data and Calculations:

Quarterly Deposit = $1,500

Number of years = 35 years

N (# of periods) = 140 (35 x 4)

I/Y (Interest per year) = 7% (0.583% per month)

PV (Present Value) = 0

Quarterly PMT (Periodic Payment) = 1500

P/Y (# of periods per year) = 4

C/Y (# of times interest compound per year) = 12

PMT made at the of each period

Results:

Future Value = $911,053.82

Sum of all periodic payments = $210,000.00 ($1,500 x 140)

Total Interest = $701,053.82 ($911,053.82 - $210,000)

Thus, after 35 years, the account will have a balance of $911,053.82.

Learn more: brainly.com/question/17028320

7 0

1 year ago

The Millennials or Gen Ys, along with their younger counterparts, the iGeneration, are "digital natives" who grew up in technolo

choli [55]

Answer:

Generational Cohort

Explanation:

Generational Cohort is the theory, that suggest or states that the several or multiple generations were distinguished grounded on the particular time periods into which the people or an individual were born and the time periods they grew up.

In short, it is defined as the groups of people who were born during a particular time or at the same time. So, the digital natives who grew up in the environment which is technology enriched are known as the generational cohorts.

7 0

3 years ago

The basic principles of economics suggest that_________.

Montano1993 [528]

Answer:

Answer is option d, i.e. All of the above are correct.

Explanation:

All the given statements are correct.

Markets are considered to be the best way to organize economic activity, and this can be done by studying the market trends and various demands of the customers. This would help in assessing the estimation of supply that any organization would like to deliver to its respective customers. Similarly, the intervention of government and legal aspects are also important in maintaining both, the trade between the companies of different countries, and also if any organization fails to produce and deliver the required result.

5 0

2 years ago

intext:"A corporation issued 6,000 shares of its $2 par value common stock in exchange for land that has a market value of $84,0

guajiro [1.7K]

Answer:

Date Account Titles and Explanation Debit Credit

Land $84,000

Common stock $12,000

Paid in capital in excess of par value $72,000

Workings:

Amount of Common stock = Number of shares * Paid in capital per share

= 6,000 shares * $2

= $12,000

Amount of excess of paid in capital = Market value of land - Amount of common stock

= $84,000 - $12,000

= $72,000

8 0

3 years ago

Royal Decking has five products in its inventory. Information about the December 31, 2021 inventory is below:

wariber [46]

Answer:

Royal Decking

A) Per unit value for each of Royal Decking's products, applying LCNRV:

Product Cost Sales Price NRV LCNRV

A $40 $60 $44 ($60 - 12 - 4) $40

B 80 100 $72 ($100 - 20 - 8) $72

C 40 80 $60 ($80 - 16 - 4) $40

D 100 130 $84 ($130 - 26 - 10) $84

E 20 30 $22 ($30 - 6 - 2) $20

B. Total Inventory on the balance sheet is:

$256,000

Explanation:

a) Data and Calculations:

Ending Inventory at December 31, 2021:

Product Cost Sales Price NRV LCNRV Inventory value

A $40 $60 $44 ($60 - 12 - 4) $40 $40,000

B 80 100 $72 ($100 - 20 - 8) $72 $72,000

C 40 80 $60 ($80 - 16 - 4) $40 $40,000

D 100 130 $84 ($130 - 26 - 10) $84 $84,000

E 20 30 $22 ($30 - 6 - 2) $20 $20,000

Total inventory value $256 $256,000

= ($256 * 1,000)

Selling costs = 20% of selling price

Shipping costs = 10% of cost

5 0

2 years ago

To pursue a career in business information management, you need a degree or certification in_____information system,or an