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Serhud [2]
3 years ago
12

27. You want to have $1 million in your savings account when you retire. You plan on investing a single lump sum today to fund t

his goal. You are planning on investing in an account which will pay 7.5 percent annual interest. Which of the following will reduce the amount that you must deposit today if you are to have your desired $1 million on the day you retire (there could be more than one answer)? A. Invest in a different account paying a higher rate of interest. B. Invest in a different account paying a lower rate of interest. C. Retire later. D. Retire sooner.
Business
1 answer:
Serjik [45]3 years ago
5 0

Answer:A and C

Explanation:

Interest is compounded in savings accounts and me to reduce the amount that I must deposit today and still have my desired $1 million on the day I retire then I should either, invest in a different account paying a higher rate of interest meaning the invested amount will be compounded at a higher rate thus my initial investment amount requirement reduced. Or, since compounded interest is a function of time, if I retire later, that would mean a longer time for my initial investment to compound to $1 million, thus reducing my initial investment amount requirement.

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The u. s. government's immigration act of 1990:
nalin [4]

Answer:

The correct answer is letter "A": encouraged entrepreneurs to come to the U.S. through "investor visas".

Explanation:

The U.S. Immigration Act of 1990 was signed by <em>President George H. W. Bush </em>(1924-2018) by the end of November in that year. The act granted more opportunities for immigrants since it increased the numbers of family and employment-related visas to entry to the country. When it comes to employment, managers, professionals with exceptional abilities, skilled workers, and investors were at the top of the preferences for being eligible to be approved.

7 0
3 years ago
An online sales order processing system most likely would have an advantage over a batch sales order processing system by: Recor
tensa zangetsu [6.8K]

Answer:

The answer is: Enabling shipment of customer orders to be initiated as soon as the orders are received.

Explanation:

In a batch sales ordering process, your sales team gathers information about sales throughout an specific period of time and then enters it into the system all at once. While an online sales order processing system processes each sales transactions into your system immediately.

Imagine you want to buy a set of chairs and the salesman takes your order at 9 AM. If the salesman uses a batch sales ordering process, he might have to wait until midday to place your sales order along with all the other sales he did in the morning. If he was using an online sales order processing system, your sale would have been processed immediately without any other delay. That obviously saves time.    

4 0
3 years ago
A welder who quits his job and moves from Pittsburgh to Madison to try to get a better welding job is said to be:Group of answer
RideAnS [48]
Frictional unemployment is the result of voluntary employment transitions within an economy.
5 0
3 years ago
Beranek Corp has $695,000 of assets (which equal total invested capital), and it uses no debt - it is financed only with common
lesya692 [45]

Answer:

$278,000

Explanation:

Data provided:

Total invested capital or assets = $695,000

Total debt to total capital ratio = 40%

now,

\frac{\textup{Total debt}}{\textup{Total capital}} = \frac{\textup{40}}{\textup{100}}

or

Total debt = 0.4 × Total capital

or

Total debt = 0.4 × $695,000

or

Total debt = $278,000

Hence,

The firm must borrow $278,000 to achieve the desired ratio

3 0
3 years ago
Suppose that $2500 is placed in a savings account at an annual rate of 5%, compounded quarterly. Assuming that no withdrawals ar
babymother [125]

Answer:

number of periods = 8 years.

Explanation:

We know,

Future Value = Present value × (1 + r)^{n}

Here,

Present value = PV = $2,500

Future value = FV = $3,500

Interest rate (Compounding) = 5% = 0.05

We have to determine how many years (Periods) it will take, n = ?

Putting the values into the above formula,

$3,500 = $2,500 × (1 + 0.05)^{n}

or, (1 + 0.05)^{n} = $3,500 ÷ $2,500

or, n log 1.05 = 1.4

or, n × 0.17609 = 1.4

or, n =  1.4 ÷ 0.17609

Therefore, number of years = 7.95 or 8 years.

5 0
3 years ago
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