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
siniylev [52]
3 years ago
7

Jason Allen is planning to invest $26,000 today in a mutual fund that will provide a return of 11 percent each year. What will b

e the value of the investment in 10 years?
Business
1 answer:
Troyanec [42]3 years ago
8 0

Answer:

Value of investment after 10 years will be $738244

Explanation:

We have given that Jason Allen is planning to invest $26000 today in mutual fund

So present value P = $26000

Rate of interest r = 11 %

Time period n = 10 years

We have to find the amount after 10 years

We know that amount is given by

A=P(1+\frac{r}{100})^n, here A is future value , P is present value r is rate of interest and n is time period

So amount after 10 year will be A=26000\times (1+\frac{11}{100})^{10}

=26000\times 1.11^{10}

=260000\times 2.8394=738244

So value of investment after 10 years will be $738244

You might be interested in
The annual statements that have to be submitted at the end of each financial year must contain an overview of the internal audit
kykrilka [37]

Answer:

It is not true.

Explanation:

The annual Statement that have to be submitted at the end of each financial year must contain the Financial Status of the company (the Assets and Liabilities, Expenses & Income, Debtors & Creditors) e.t.c.

The overview of the internal audit and the audit committee are special demands of the Board of Directors. The overview of the internal audit and the audit committee are usually demanded or accompany the yearly financial reports when there are suspicion of financial: misappropriations, mismanagement or graft.

8 0
4 years ago
Read 2 more answers
WILL GIVE BRAINIEST 3 SENTENCES OR MORE
lubasha [3.4K]
1. Yes, I have volunteered and I currently do volunteer. I volunteer every Saturday at an NGO school for underprivileged children, helping them learn new vocabulary and how to read.

2. My duties are to bring in understandable and relatable books for the children, and teach them new words and pronunciations every time I come to volunteer. I have decided to volunteer to help these underprivileged children and help pull them out of poverty. This will help them become bright adults in the future, and eventually help our country's economy, as well.

3. People volunteer people volunteer because they feel the need to give back to their communities. This is because they might've grown up in this community and want to help others growing up there as well. And from experience as a young person growing up in this world, it helps us least New skills such as being leaders, compassionate and servant-hearted. It also helps us have some real world experiences such as vastly different communities and even weather.
A benefit for volunteering is it can help one get into a good University. Volunteer hours is what many Universities look for.

Hope I helped!



8 0
3 years ago
_____ is a way of producing a response to a stimulus by repeatedly pairing it with another stimulus that automatically produces
Anna [14]

Answer:

The answer is: C) Classical conditioning

Explanation:

Classical conditioning is a form of learning that pairs two stimuli; a conditioned stimulus becomes associated with an unconditioned stimulus. That way the association of both stimuli will produce a behavioral response.

A Russian psychologist named Ivan Pavlov was the first person to develop classical conditioning theory that's why some people call it Pavlovian conditioning.

3 0
3 years ago
Jose goes to an all-you-can-eat buffet at a Chinese restaurant and consumes three plates of food. He does not go back for a four
kkurt [141]

Answer:

The marginal utility of the fourth plate is zero or below zero

Explanation:

The reason is that the law of diminishing marginal utility says that the marginal utility of a product declines upon continuous consumption of that item. This means that the utility before the consumption of first buffet was high and when the second buffet was consumed by the same person the utility was further reduced and so on. This means that the utility must be positive which if is higher enough then the customer is will to pay and eat the buffet again. If it is zero or below zero the customer is not willing to pay for the buffet. This is the reason the person doesn't ordered the item again.

You can not eat the same buffet for all the 365 days. This means the taste of a tasty food fades away after some time or I would say that the utility is gone. Same is the case when you will keep using cellphone for a period and then sell it or dispose it because the item doesn't entertains you or in other words the utility has significantly fallen and is almost zero or below zero.

5 0
3 years ago
A u.s. manufacturer that exports goods made at its u.s. plants for shipment to foreign markets:
iris [78.8K]
A U.S. producer that exports merchandise made at its U.S. plants for shipment to outside markets becomes more focused in remote markets or in foreign markets when the U.S. dollar decreases in values against the currencies or money of the other nations or countries to which it is trading.
7 0
3 years ago
Other questions:
  • a) what does it take, exactly, for a worker to earn a wage? b) how is interest income earned? c) how is ‘capital gain’ income ea
    7·1 answer
  • The inventory of Royal Decking consisted of five products. Information about the December 31, 2021. Inventory is as follows:
    7·1 answer
  • Dr. han is examining the impact of parental separation on student academic performance. she defines parental separation as no co
    5·1 answer
  • What drives american free enterprise? the desire for economic equality the need to own a home the need to make a living the desi
    10·2 answers
  • the theme song from the movie jaws is an example of using sound for what purpose? dialogue heightening scene’s setting conveying
    5·2 answers
  • Real GDP is calculated using unchanging prices.<br><br> True<br><br> False
    5·1 answer
  • Onslow Co. purchases a used machine for $178,000 cash on January 2 and readies it for use the next day at a $2,840 cost. On Janu
    12·1 answer
  • Your sole proprietorship makes $90,000 per year in profits. Your average federal tax rate is 24% and your state tax rate is 6%.
    14·2 answers
  • For Sheffield Corp., the predetermined overhead rate is 70% of direct labor cost. During the month, $500000 of factory labor cos
    13·1 answer
  • A marketing manager, how does a focus on sustainability inform your tasks and activities?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!