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olganol [36]
3 years ago
10

A 20-year-old student wants to save $3 a day for her retirement. Every day she places $3 in a drawer. At the end of each year, s

he invests the accumulated savings ($1,095) in a brokerage account with an expected annual return of 12%. How much money will she have when she is 65 years old? (We did this part in class)
Business
1 answer:
faltersainse [42]3 years ago
6 0

Answer:

The money she will be having when she is 65 years old is $1487261.89.

Explanation:

Annual savings = $3×365

                           = $1,095

Savings at the end of 65 years = $1,095×[(1 + 12%)^(65-20) - 1] / 12%  

                                                    = $1487261.89

Therefore, the money she will be having when she is 65 years old is $1487261.89.  

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Mary suffers $25,000 in uninsured losses in 2019 when her house burns down while she was on vacation. This loss was not due to a
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$0

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The Tax Cuts and Jobs Act eliminated the possibility of deducting casualty losses if they were not caused by federally declared natural disasters. The only way Mary could deduct the $25,000 loss is that she had some type of casualty gain during the year that is offset by this loss. Casualty gains result when a person receives more money from an insurance company due to an event, e.g. fire, than the basis of the property. But in this case, there is no prior casualty gain, so the casualty loss cannot be deducted.

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Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to product y and product z
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The plantwide overhead rate charges an equal share of the total overhead to each product created in that plant. If products y and z were the ONLY two products produced in this plant, they both would be charged 50% of the total overhead.

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3 years ago
Choose the correct statement. A. Unemployment is a serious personal problem but not a serious social economic problem. It is onl
NikAS [45]

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Option B

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C. a conference call

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