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astra-53 [7]
3 years ago
12

You invest a single amount of $14,800 for 7 years at 15 percent. At the end of 7 years you take the proceeds and invest them for

14 years at 17 percent. How much will you have after 21 years
Business
1 answer:
maria [59]3 years ago
7 0

Answer:

Value of investment after 21 years = $354,608.11

Explanation:

<em>The value of an amount invested at a certain rate of return for certain number of years where  interest compounded annually is known as the future value. </em>

<em>The future value of an investment can be determined using the future value formula. This formula is stated below:</em>

FV = PV × (1+r)^(n)

FV - Future Value , PV- Present Value, r-rate of return, n- number of years

For the first round of investment 15% for 7 years, future value would be:

FV = 14,800 × (1.15)^(7) =   39,368.29  

Second round of investing 17% for 14 year, future value would be

FV = 39,368.29 × (1.17)^(14)= 354,608.11

Future Value =$354,608.11

Value of investment after 21 years = $354,608.11

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20.Assume that you just graduate and get a job. You will work for 40 years and save each year before you retire. During retireme
amid [387]

Answer:

How much money will you need to have at the moment you retire?

  • $1,287,858

How much money do you need to save every year before retirement?

  • $4,971.33

Explanation:

we have to first determine the amount of money you need to finance your retirement distributions:

using the annuity due present value formula, PV = annuity payment x annuity due factor (PV, 8%, n = 40)

PV = $100,000 x 12.87858 = $1,287,858

now we must use the ordinary annuity future value formula, FV = annuity payment x annuity factor (FV, 8%, n = 40)

annuity payment = FV / annuity factor = $1,287,858 / 259.057 = $4,971.33

4 0
3 years ago
g Given the information below: ASSETS LIABILITIES Cash and cash equivalents $10,000 Current debts for the year $15,000 Other liq
artcher [175]

Answer:

The solvency ratio is closest to: B. 33%.

Explanation:

<em>The solvency ratio = After tax Net Operating Income ÷ Total Debt</em>

Thus,

The solvency ratio = $75,000 ÷ ($15,000 + $200,000)

                               = 35.88%

Therefore this is closest to B. 33%.

6 0
3 years ago
he theory of efficiency wages provides a possible explanation as to why Group of answer choices workers form unions. firms shoul
Katena32 [7]

Answer:

Firms may be inclined to keep their workers’ wages above the equilibrium level.

Explanation:

The efficiency wage theory states that if an employer increases the wage of his/her employees, they will be motivated and their productivity will increase. The increase in productivity should offset the increased labor costs. So the costs of higher wages should be recouped through increased productivity. Higher wages also reduce worker turnover, reducing hiring and training costs.

4 0
3 years ago
The sources of economic growth are​ _______. A. work hours growth and labor productivity growth B. democracy and labor productiv
Luden [163]

Answer:

A. work hours growth and labor productivity growth

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Free market economy.

III. Traditional economy.

IV. Command economy.

Generally, the sources of economic growth of a country are​ work hours growth and labor productivity growth.

Labor (working) is simply the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

7 0
2 years ago
True/False
matrenka [14]

Answer:

True

Explanation:

In business, target marketing is a strategy in which the marketing efforts of a firm is centered toward a part of a larger market with great prospect of making profit

4 0
3 years ago
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