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
inysia [295]
3 years ago
11

Jake Werkheiser decides to invest $5000 in an IRA at the end of each year for the next 12 years. If he makes these investments,

and if the certificates pay 9%, compounded annually, how much will he have at the end of the 12 years?
Business
1 answer:
Oxana [17]3 years ago
5 0

Answer:

Jake Werkheiser will have $170,322.48 at the end of 12 years.

Explanation:

We use the following formula to find the future value,

S=R[\frac{(1+i)^n-1}{i}](1+i)

S= future value

R= yearly payment =$5000

i= rate of interest = 9%=0.09

n =time =12 years.

Now putting the value of i, n, R

S=5000[\frac{(1+0.09)^{12}-1}{0.09}](1+0.09)

 =$170,322.48

Jake Werkheiser will have $170,322.48 at the end of 12 years.

You might be interested in
How can a developing country generate internal funds?
Brrunno [24]

Answer:

The correct answer would be option C, By producing more than it consumes.

Explanation:

A developing country can generate internal funds by producing more than it consumes.

Internal funds are the funds that are generated internally, either at the individual level or at the country level. When a country generates funds on its own, the funds are called as the internal funds.

So internal funds can be generated by producing more than the consumption requirements. In this way the economic activities will increase, the money supply would be better and the country would be able to generate funds it need.

5 0
3 years ago
How is a line of credit similar to a credit card
xxMikexx [17]
They both have preset limits
8 0
3 years ago
Emmy worked late nights at a convenience store. One night, Emmy discovered that the ""emergency alert"" security system was not
Margaret [11]

Answer:

The correct answer is letter "A": for negligence because the harm was foreseeable.

Explanation:

In Law, foreseeability is a concept related to what the proximate causes could be after an event. The concept is helpful to determine the limit of liability according to the primary event that happened and the type and manner of harm. The harm caused by rescuers like firefighters and negligence of health care providers like doctors and nurses is considered foreseeable.

<em>In Emmy's case, the repeated thefts to the store where she works while having a nonfunctioning alarm (negligence) make the store owner liable for the injuries caused by a perpetrator who broke Emmy's leg during a robbery since that event was foreseeable.</em>

6 0
3 years ago
A service is usually offered as part of a bundled package of services with a core service and one or more ____ services.suppleme
JulsSmile [24]

Answer:

A, supplementary

Explanation:

A supplementary service can be said to be an added service to an original service package.

That is, a supplementary service can be said to be an extra service or services that is embedded in a whole service.

For example, when you go to a tech store to have your hard drive replaced, a supplementary service such as general cleaning and routine check of your computer is included in the hard drive replacement service.

The main or core service is hard drive replacement while the supplementary service includes cleaning and routine check of other computer components.

Cheers.

4 0
3 years ago
City Builders is a development company that builds office buildings throughout New York State. They recently completed a project
Scrat [10]

Answer:

Incentive Zoning

4 0
3 years ago
Other questions:
  • Martinez Corp. purchased a delivery van with a $57000 list price. The company was given a $5400 cash discount by the dealer, and
    11·1 answer
  • Q 11.5: A corporation purchases 4,000 shares of its own $5 par common stock for $8 per share, recording it at cost. What will be
    5·1 answer
  • An income statement for Sam's Bookstore for the first quarter of the year is presented below:Sam's BookstoreIncome StatementFor
    13·1 answer
  • Which of the following statements is CORRECT?a. A major disadvantage of financing with preferred stock is that preferred stockho
    12·1 answer
  • Budweiser is a popular brand of beer. Part of this company's market research of U.S. consumers looked at education levels of bee
    6·1 answer
  • John Hernandez is 24 years old and has saved enough money to fund an adequate emergency fund. In addition, he has saved $5,600 t
    9·1 answer
  • After getting her degree in Economics, Jeanine went to work for the Bureau of Labor Statistics. She compiles data on the unemplo
    6·1 answer
  • Use the drop-down menus to identify the career cluster that fits each job description.
    10·2 answers
  • Abigail has an inheritance tax lien placed on all of her property. What kind of a lien is it?
    14·1 answer
  • Firms use both the __________ and __________ models. in fact, these models complement each other in that one focuses outside the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!