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
Alex17521 [72]
3 years ago
12

You plan to save for a trip by putting $50 into an account monthly. The account has an annual interest rate of 5% compounded mon

thly. How much will be in account in 5 years?
Business
1 answer:
allochka39001 [22]3 years ago
6 0

Answers: $3,828.84

Explanation:

You might be interested in
The Lo Sun Corporation offers a 6.3 percent bond with a current market price of $767.50. The yield to maturity is 8.49 percent.
Tasya [4]

Answer:

27.85 years

Explanation:

In this question we use the NPER formula that is shown in the spreadsheet

Provided that

Present value = $767.50

Future value = $1,000

Rate of interest = 8.49% ÷ 2 = 4.25%

PMT = $1,000 × 6.3% ÷ 2 = $31.50

The formula is shown below:

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

The present value come in negative

So, after solving this, the number of years is 55.71

But in this case, it would be

= 55.71 ÷ 2

= 27.85 years

3 0
3 years ago
Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan
gregori [183]

Answer:

Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.

Explanation:

6 0
3 years ago
alejo knows that the actions that made him successful in the hotel industry may not work in the manufacturing industry. the two
quester [9]

alejo knows that the actions that made him successful in the hotel industry may not work in the manufacturing industry. the two industries have very different environments. contingency theories

Leaders have resorted to the study of organisational behaviour to assist in enhancing the working environment for their workforce in order to make sure that businesses run efficiently. To more accurately predict and control an employee's level of motivation, organisational behaviour studies examine how they behave in the workplace. When using organisational behaviour data, however, there are a number of situational aspects that must be considered. According to the contingency theory, commonly referred to as the situational approach to management theory, situational factors can influence the connections between dependent and independent variables in the workplace, which can then affect employee behaviour, motivation, and effectiveness. The specific contingency theories of the particular organisation must be taken into account if organisational data analysis and employee motivation are to be successful. In accordance with the contingency hypothesis.

Learn more about contingency theories here

brainly.com/question/1610360

#SPJ4

3 0
2 years ago
Discuss the advantages and disadvantages to using computer technology for managerial decision-making. Identify and discuss one d
Sunny_sXe [5.5K]

<em>Advantages and Disadvantages may arise when we use computer technology for managerial level of decision-making. Some of these are the following: </em>

<em>Advantages: </em>

  • <em>Process can be done easier and faster with the use of automatic conditions to suggest decisions  </em>
  • <em>Minimal errors are presented in terms of computations - Computers cannot make a mistake on computation. Only if the formula is wrong, but this thing is depends of the software developer. </em>

<em>Disadvantages: </em>

  • <em>Some rules cannot be bend. No exceptions can be made if systems are the ones to decide. - because of the system, some rules must remain implemented even the employees reason are valid. For example if the employees was absent for two weeks, the system can tagged him as AWOL. But in reality, there was an emergency case happened to him. </em>
  • <em>One step cannot be skipped. - each process in the system should be finished before the next process can execute. No shortcuts. </em>

<em> </em>

<em>As for the second question, there was a time that I have to decide if a certain client can reloan to our company. But since he has no questionable record in our system, the system recommends him for a higher amount. In reality, this client has a bad behavior towards us. We don't want to renew his loan. But the system permits him to do a transaction with us. </em>

<em />

5 0
4 years ago
You have just made your first $5,900 contribution to your retirement account. Assume you earn a return of 11 percent per year an
postnew [5]

Answer:

A. The future value of $5,900 invested over 36 years will be $252,626.70

B. The Present Value of $5,900 un-invested until after 10 years, would have depleted the Value to $2,077.89

Then investing this $2,077.89 for the next 26 years will take the Future Value of our investment to $31,334.285

Explanation:

A. Using Future Value computation which states that

FV = Present Value x (1 + interest) ^no of years

Based on Question

FV = $5,900 x (1 + 11%)^36 years

= $252,626.70

B. If the contribution is delayed by 10 years,

The formula remains the same only that the variables would have changed.

n = 26 years

PV = $5,900 discounted with the interest rate as at Year 10.

= 5,900 x (1 + 11%)^-10

= $2,077.889

For not investing the $5,900 now, the value would have depleted to $2,077 by the 10th year

Now let's include this information in the Future Values computation

= $2077.889 x (1 + 11%)^26

= $31,334.285

4 0
4 years ago
Other questions:
  • Suppose you own 5% of Coastal Corporation's 400,000 outstanding common shares. The stock was trading for $135 per share before C
    14·1 answer
  • In 2020, Wimer Corporation, a service business, no longer qualifies as a small business. Thus, it must change from the cash to t
    9·1 answer
  • What are some goals of NYFEA? Check all that apply. encouraging political involvement educating children developing agricultural
    12·1 answer
  • 6) Which of the following is NOT studied in microeconomics?
    5·1 answer
  • Which of the following give the nominal value of a variable? Check all that apply. Poornima's wage is $14.00 per hour in 2013. P
    14·1 answer
  • "a good with many substitutes will have a _____ curve that is relatively _____ elastic than a good with few substitutes."
    13·1 answer
  • ​________ is the extent to which a selection tool produces consistent results over time.
    9·1 answer
  • To raise external funding, many publicly owned corporations decide to sell additional shares of the company’s stock in the prima
    10·1 answer
  • Make a list of profession and professionals related to medical science.​
    9·1 answer
  • 8. If the price of gasoline across Brevard County gas stations increases by 8% but the quantity of gasoline purchased by Brevard
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!