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
Flura [38]
3 years ago
5

You are to make monthly deposits of $700 into a retirement account that pays an APR of 10.2 percent compounded monthly. If your

first deposit will be made one month from now, how large will your retirement account be in 32 years

Business
1 answer:
Orlov [11]3 years ago
8 0

Answer:

$20,41,995.21  

Explanation:

The calculation of retirement account value is given below:-

Monthly deposit              700   pmt

Interest rate                     0.102

years                                  32

Compounding per year    12

Monthly interest rate         0.0085  rate

Number of periods            384  nper

The formula is shown below

=FV(rate,nper,pmt,pv)

After applying the formula the Retirement account value  is $20,41,995.21

and for better calculation please find the attachment.

You might be interested in
If you are busy with another customer when someone comes in, what can you do? select one:
prohojiy [21]
Ab. smile at them and make eye contact while you continue to help the first customer so they know they were recognized and not being ignored.
7 0
3 years ago
Which fire team member is responsible for covering dead space?
mestny [16]
I believe the answer is <span>Grenadier
Dead space refers to the area that couoldn't be observed by the military group,
</span><span>Grenadier played the role to to create explosion during assault operation by throwing out grenades to the dead space in order to eliminate potential enemy that hide in that area.</span><span>
</span>
8 0
3 years ago
Question 6 of 22:
shusha [124]

Answer:

Socratic app

Explanation:

it will help you

7 0
2 years ago
Amortization related to overvalued equipment Select one: A. increases consolidated net income. B. increases the parent's reporte
Kruka [31]

Answer: D. Both A and B are correct.

Explanation: Amortization is the reduction or paying off debt over time in a series of payments of interest and principal sufficient to repay the loan in full by its maturity date.  As an accounting technique, it is used to periodically lower the book value of a loan or intangible asset over a period of time. Amortization related to overvalued equipment increases consolidated net income and under the equity method (a method used in the valuation of a firm's investment in another when it holds significant influence over the firm being invested in), it increases the parent's reported net income.

4 0
3 years ago
Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient
RSB [31]

Answer:

1. Cost of the old X-ray machine - SC

2. The salary of the head of the Radiology Department - None

3. The salary of the head of the Pediatrics Department - None

4. Cost of the new laser printer - DC

5. Rent on the space occupied by Radiology - None

6. The cost of maintaining the old machine - DC

7. Benefits from a new DNA analyzer - OC

8. Cost of electricity to run the X-ray machines - DC

Where,

SC - Sunk cost

DC - Differential cost

OC - Opportunity cost

8 0
3 years ago
Other questions:
  • The actions an organization can and perhaps should take while an incident is in progress should be specified in a document calle
    13·1 answer
  • When using the ice point method for calibrating thermometers you’ll need to place the thermometer in the ice water and adjust th
    15·1 answer
  • Suppose that a worker in Country A can produce either 25 bananas or 5 tomatoes cach year. Country A has 200 workers. Suppose a w
    14·1 answer
  • The survey that found 75% of consumers would consider going to another company after a bad customer service experience surprises
    15·1 answer
  • The relevant range of activity refers to the_______________.
    13·1 answer
  • 1. Which of the following can be used as the cooking liquid for a stew?
    15·2 answers
  • At Spyglass Inc., a private eye firm, new hires are chosen with utmost care. The reputation of the company is to provide clients
    13·1 answer
  • Control Inc. has no debt and a total market value of $100,000. EBIT are projected to be 6,000 if economic conditions are normal.
    12·1 answer
  • M13-9 Inferring Financial Information Using the Current Ratio [LO 13-4] Mystic Laboratories reported total assets of $10,500,000
    9·1 answer
  • the best reason for investing company resources in vertical integration (either forward or backward) is to
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!