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]
4 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]4 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
Choose the correct statement regarding rental insurance
Eduardwww [97]

Answer:

A. Rental insurance covers your personal belongings but not the building

Explanation:

RENTAL INSURANCE is a type of insurance that help to cover or replace a person or an individual personal belongings in the case of unforseen circumstances such as theft ,fire accident or damage to Property which may arise and on the second hand RENTAL INSURANCE does not cover damage to a person personal property that arise due to damage causes by natural disasters such as hurricanes as well as carpeting repair due to water heater leakage.

Lastly RENTAL INSURANCE does not cover the actual building reason been that it only landlord Insurance policy that covers the actual building which means that the correct statement regarding rental insurance is :Rental insurance covers your personal belongings but not the actual building.

8 0
3 years ago
In order to successfully carry out an acquisition, the managers at Pink Inc. prepared a list of potential target companies that
Fudgin [204]

This process of evaluating the companies for acquisition is best known as A. Due diligence.

<h3>What is corporate acquisition?</h3>

Corporate acquisition refers to the corporate act of taking over another company for business expansion and other strategic intents.

To make a successful acquisition, the acquiring company carries out due diligence by evaluating potential acquisition candidates.

<h3>Question Completion with Answer Options:</h3>

A. Due diligence

B. Market intelligence

C. Consultation

D. Market evaluation

Thus, this process of evaluating the companies for acquisition is best known as A. Due diligence.

Learn more about due diligence in acquisition at brainly.com/question/13806280

#SPJ12

5 0
2 years ago
One reason there is a need for integrated marketing communications is that​ __________.
ELEN [110]

One reason there is a need for integrated marketing communications is that consumers​ don't distinguish between content sources the way marketers do.

Explanation:

Integrated messaging in marketing is a simple concept. This guarantees the diligent relation of all forms of communication and communications. Integrated marketing communications, or IMC, as we will term it, at its fundamental level, involves combining all promotional instruments in a harmonious fashion.

For example, an IMC is used to convey campaign messages through various channels. This increases the efficiency of activities used to turn foreigners into prospects and customers.

6 0
3 years ago
The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work in process 3
Citrus2011 [14]

Answer:

(A) 18,400 units

(B) 12,940 units

Explanation:

The computation of the equivalent units of production for

(A) Material =  Units transferred out +  Ending work in process

                   = 9,300 units + 9,100 units

                   = 18,400 units

(B) Conversion  =  Units transferred out +  (Ending work in process × conversion percentage)

= 9,300 units + 9,100 units × 40%

= 9,300 units + 3,640 units

= 12,940 units

7 0
3 years ago
What are the advantages to shared decision-making
Dahasolnce [82]

Answer:. When patients participate in decision making and understand what they need to do, they are more likely to follow through.

Explanation:

4 0
4 years ago
Other questions:
  • Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last
    5·1 answer
  • __________ includes an owner registration form with its products. It asks customers for their names, addresses, phone numbers, b
    7·1 answer
  • What is not Likly to be a major problem for business during a period of ongoing inflation?
    11·2 answers
  • This method of calculating gdp, which involves summing thevalue added at each stage of production , is called theexpenditure app
    11·1 answer
  • Think of the products you use on a daily basis and think of the types of utility. What is a product that you use on a daily basi
    6·1 answer
  • Rostad Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhe
    8·1 answer
  • The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017.
    10·1 answer
  • If Karla spent $200 on Wednesday to have the windows in her building washed, recorded the
    7·1 answer
  • Quizlet the ability of a central bank to set monetary policy instruments is _______, while the ability of a central bank to set
    12·1 answer
  • To create and capture customer​ value, companies must engage the first step of the marketing​ process, which is​ __________.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!