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
leva [86]
3 years ago
12

Mary makes monthly deposits of $450 at the end of each month over 25 consecutive years to support her retirement. If the account

earns an interest rate of 7.5%, which amount comes closest to the value of the deposits at the end?
a. $120,938
b. $343,343
c. $382,667
d. $394,767
e. $367,100

Business
1 answer:
Arte-miy333 [17]3 years ago
8 0

Answer:

d. $394,767

Explanation:

For computing the amount of deposit at the end we need to apply the future value formula i.e to be shown in the attachment

Given that,  

Present value = $0

Rate of interest = 7.5% ÷ 12 months = 0.625%

NPER = 25 years × 12 months = 300 months  

PMT = $450

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after applying the above formula, the future value is $394,767

You might be interested in
Lawrence needs to respond to a coworker's email. In a plain text email, the coworker has asked Lawrence a number of questions. L
AlexFokin [52]
He will probaly need format
3 0
3 years ago
Read 2 more answers
One thing in life we cannot control is nature. What would your organization do if there was a natural disaster that destroyed el
Llana [10]

Answer:

The classification according to the situation has been described throughout the explanation segment elsewhere here.

Explanation:

  • People, therefore, have effectively articulated documented plans as well as employee initiatives to significantly reduce chaos throughout the aftermath of a collision.
  • Throughout addition, we have quite a power server which instantaneously starts kicking off somewhere in the event of a power outage, and then at the same moment, people are however outfitted with either a couple of extra machinery which could be utilized in this type of emergency.
3 0
3 years ago
In a market economy, a. the allocation of scarce resources determines prices and prices, in turn, determine supply and demand. b
user100 [1]

Answer:

<h2>In a market economy,the impact of supply and demand determines the prices of goods and services which in sequence influence the allocation of economy's scarce resources.Hence,the correct answer wold be option b.</h2><h2 />

Explanation:

In a market economy,much of the economic and commercial activities such as production,investment,allocation,consumption of goods and services are governed by their market prices which are determined completely by the free forces of supply and demand in the economy.In a market economic system,the factors or inputs of production are owned and allocated by the independent or private business organisations or firms with limited government or state control over the means of production.Majority of the commodity and service markets are free of any external state or government intervention and operate freely based on the movements and fluctuations of the market prices of goods and services which are determined by the changes in market demand or supply.Therefore,economic allocation or arrangements of goods and services in a market economy is mostly determined by the free interaction of demand and supply

4 0
3 years ago
A MAIN reason cited by American businesses for outsourcing jobs to other countries is the high cost of
djverab [1.8K]

Answer:

The correct answer is A. A main reason cited by American businesses for outsourcing jobs to other countries is the high cost of  labor in the United States.

Explanation:

Outsourcing means separating from the organizational structure of the enterprise some functions performed by them independently and transferring them to other entities for execution. This decentralization process is very evident in American companies that produce manufactured goods, which place the primary production processes in other countries such as China, Mexico or Vietnam, among others, to produce their products at a lower cost, given the lower costs. labor (lower wages, lower taxes, less expensive regulations, etc.).

3 0
3 years ago
Read 2 more answers
A production facility employs 10 workers on the day shift, 8 workers on the swing shift, and 6 workers on the graveyard shift. A
prisoha [69]

Answer:

The answer is below

Explanation:

A What is the probability that all 4 selected workers will be the day shift?

B What is the probability that all 4 selected workers will be the same shift?

C What is the probability that at least two different shifts will be represented among the selected workers.

A)

The total number of workers = 10 + 8 + 6 = 24

The probability that all 4 selected workers will be the day shift is given as:

P_a=\frac{C(10,4)}{C(24,4)}= \frac{210}{10626}=0.0198

C(n,r)=\frac{n!}{(n-r)!r!}

B) The probability that all 4 selected workers will be the same shift (P_B) = probability that all 4 selected workers will be the day shift + probability that all 4 selected workers will be the swing shift + probability that all 4 selected workers will be the graveyard shift.

Hence:

P_B=\frac{C(10,4)}{C(24,4)}+\frac{C(8,4)}{C(24,4)}+\frac{C(6,4)}{C(24,4)}=0.0198+0.0066+0.0014=0.0278

C) The probability that at least two different shifts will be represented among the selected workers (P_C)= 1 - the probability that all 4 selected workers will be the same shift(P_B)

P_C=1-P_B\\\\P_C=1-0.0278\\\\P_C=0.972

7 0
3 years ago
Other questions:
  • President Chris Zane mentions that employees' performance is not evaluated every six months or every year as in many organizatio
    6·1 answer
  • What companies are affected badly by corona?
    14·1 answer
  • The economic cost nationwide of alcohol-related motor vehicle crashes annually is almost __________ billion dollars.
    6·2 answers
  • Consider the following data that gives the quantity produced and unit price for three different goods across two different years
    5·1 answer
  • ABC Medical Technology, a fast-growing global research firm, has accumulated so much client information that conventional databa
    5·1 answer
  • using the T-accounts of the first national bank and the second national bank, describe what happens when Jane Brown writes a che
    13·1 answer
  • The _____ states that combining location-specific assets or resource endowments and the firm's own unique assets often requires
    12·1 answer
  • Green Gusts is a two-year-old company that makes wind turbines. The business owner, Mike, is struggling to compete. Finding enou
    13·1 answer
  • The night-riding organization determined to limit the political and economic gains of freedmen during reconstruction was the?
    7·1 answer
  • On september 30, 2018, grover began preparing a trial balance worksheet. Which step occurs immediately after he prepares the inc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!