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
dlinn [17]
3 years ago
9

2. Sorry, you didn't win the lottery, but here's a way you can still be a millionaire! Starting at age 22, every night you take

$5 out of your pocket and put it in a manila
envelope (title it "Lottery Winnings"). At the end of the year, you place the money from the envelope in a stock fund with an average interest rate of 10%.
• How much will you have in the account when you retire at age 65?
. What would be different if you started this plan later in your life?​
Business
1 answer:
Colt1911 [192]3 years ago
8 0

Answer: At the age of 65 the money will be $90337.5

Explanation: There are 365 days in a year take $5 multiply it by 365 to get the money after one year then multiply it by 10 % to get an interest per year. Add the interest to the amount then multiply by 43 years.

Note 65years-22 years = 43 years

$5×365= $1825

$1825×10%=$182.5

=$182.5+$1825=$2007.5/year

$2007.5×43= $90337.5

You might be interested in
he employees at Purple & Gold Inc. are expected to complete their work and leave the office premises by 6:00 p.m. Team outin
artcher [175]

Answer:

Norms

Explanation:

A norm is something that is usually done or has become a standard.

In the case of the employees, work is expected to be completed and the staff should have exited the premises by 6pm. Since this is done everyday, it is a norm.

It can be further said to be something that has become normal.

Just like in the question, submission of team outings, reports and attendance have also become a normal thing in the company, every month.

Cheers.  

4 0
3 years ago
A constant-cost industry
Vika [28.1K]

Answer:

C) has a horizontal long-run supply curve.

4 0
3 years ago
A __________ is a group of customers who love their brand so much that they like to connect with other customers who think like
jonny [76]
It is a Brand community
8 0
3 years ago
Carla and Ben have been married for 50 years. During that time, Carla stayed home raising their children and maintaining their h
Arlecino [84]

Answer:A. 150% of Ben's Social Security benefits.

Explanation:Social Security Benefits is a program managed by the SOCIAL SECURITY ADMINISTRATION (SSA),it is a Federal Government program that aims to support the Aged and retired workers in the United States of America. It also have a program for the Disabled people of the United States of America. According to the Enabling Laws, when both Ben and Carla have the Social security Benefits of getting 150% of Ben's social security benefits.

5 0
3 years ago
In a lease that is recorded as a finance- sales type lease by the lessor, interest revenue ___________.a. should be recognized o
valina [46]

Answer:

B

Explanation:

In a lease that is recorded as a finance- sales type lease by the lessor, interest revenue should be recognized over the period of the lease using the effective interest method

The effective interest method uses a constant rate of interest applied to any outstanding lease obligation. Though the interest rate being constant, the interest

expense will be different each period because the obligation outstanding changes each period, so this should be recognized when recorded

8 0
3 years ago
Other questions:
  • Look carefully at the following list. a. The coins in your pocket. b. The funds in your checking account. c. The funds in your s
    12·1 answer
  • Eco-Thread managers were asked to look at what the company does well that would be difficult for competitors to emulate. The man
    10·1 answer
  • An oil pump that is capable of delivering a larger amount of oil than a stock oil pump is called a:
    10·1 answer
  • Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2
    7·1 answer
  • Individuals are finding it convenient and productive to use wireless devices for which of the following reasons? Select one: a.
    9·1 answer
  • Q 11.41: Jackson Essentials wants to pay a cash dividend to its stockholders. It has a balance of $3,847,318 in its Retained Ear
    7·1 answer
  • Jamon is a manager in a human resources organization. He has a message for Bob who works on the assembly line. What channel is h
    9·1 answer
  • Crane, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity c
    14·1 answer
  • Harrison Forklift's pension expense includes a service cost of $26 million. Harrison began the year with a pension liability of
    5·1 answer
  • is the use of resources by an individual, firm, region, or nation to produce one or a few goods or services rather than the enti
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!