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
Ksivusya [100]
3 years ago
5

You deposit $12,000 today into an account that pays you 12% annual interest, compounded daily. How much do you have in 40 years

Business
1 answer:
vazorg [7]3 years ago
4 0

Answer:

$1,456,975.19

Explanation:

FV = P (1 + r / m)^nm

FV = Future value

P = Present value

R = interest rate

N = number of years

M = number of compounding per year

$12,000 ( 1 + 0.12/365)^14600 = $1,456,975.19

I hope my answer helps you

You might be interested in
A divorced woman with 2 young children has just re-entered the workforce part time and earns $3,000 from this work. She collects
leva [86]

Which statement is TRUE

A. No contribution can be made because the woman received alimony payments

B. A contribution can be made based only on the income earned from part-time work

C. A contribution can be made based only on the alimony payments received

D. A contribution can be made based on both the earned income from part-time work and the alimony payments received

Answer:

B. A contribution can be made based only on the income earned from part-time work

Explanation:

According to Individual Retirement Account regulations, contribution can only be made base on earned income and not a court-mandated allowance made to a former spouse by a divorced or legally separated person otherwise known as "Alimony". Alimony is just a means to support life and not a earned income. So, contribution can be made based only on the income earned from part-time work.

5 0
3 years ago
The document that the purchasing department prepares and sends to the vendor to place an order is:
oee [108]

Answer: (B) Purchase order.

Explanation: The purchase order is a document used to formalize a purchase, which must have all the characteristics or details of it, such as the date of purchase, payment terms, name of the buyers, among others. These purchases can be cash (0 days) or a credit (30-90 days) to determine the agreement that the company has with its suppliers.

6 0
3 years ago
Read 2 more answers
The mean absolute error, mean squared error, and mean absolute percentage error are all methods to measure the accuracy of a for
bogdanovich [222]

<u>Complete Question:</u>

The mean absolute error, mean squared error, and mean absolute percentage error are all methods to measure the accuracy of a forecast. These methods measure forecast accuracy by

a. adjusting the scale of the data.

b. determining how well a particular forecasting method is able to reproduce the time series data that are already available.

c. predicting the future values and wait for a pre-defined time period to examine how accurate the predictions were.

d. using the current value to estimate how well the model generates previous values correctly.

<u>Correct Option:</u>

These methods measure forecast accuracy by  determining how well a particular forecasting method is able to reproduce the time series data that are already available.

<u>Option: B</u>

<u>Explanation:</u>

The forecast reliability is the level of proximity of the quantity assertion to the real or true value of that quantity in statistics. Typically, at the time the prediction is produced, the real value can not be calculated, as the assumption involves the future.

Accurate sales forecasting is an essential resource that businesses need to have. This helps managing directors gage desire for their goods. It allows companies handle inventories better. Sales forecasting enables businesses to look into the future and schedule their movements strategically to maximize development.

6 0
3 years ago
Antonio receives a portion of his income from his holdings of interest-bearing U.S. government bonds. The bonds offer a real int
GuDViN [60]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

3 0
3 years ago
"gets things started" and manages the means of production in a free enterprise system. good and services for sale in the market
larisa [96]

Entrepreneurs "gets things started" and manages the means of production in a free enterprise system.Good and services for sale in the market place are called products.


5 0
3 years ago
Other questions:
  • The act of purchasing an unrepairable vehicle for its identification number and certificate is known as the
    6·1 answer
  • The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2200 units, the actual direct
    8·1 answer
  • Loan Term - Interest Rate - Monthly Payment24 months - 2.5% - $342.08 36 months - 3% - $232.65 48 months - 4% - $180.63 60 month
    15·1 answer
  • The following data is available for Bonita Corporation at December 31, 2018: Common stock, par $10 (authorized 31200 shares) $24
    7·1 answer
  • Leo wasn’t planning to buy any clothes when he was out shopping for other things, but then he saw that pants were on a 25 percen
    13·1 answer
  • Sandra williams is single. she itemized deductions in 2014. she plans to itemize for 2015. in order for her plan to itemize dedu
    10·1 answer
  • Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pro
    12·1 answer
  • Ivanhoe purchased a patent from Vania Co. for $1,240,000 on January 1, 2018. The patent is being amortized over its remaining le
    6·1 answer
  • Inse Corporation uses time and material pricing. The repair department expects 20,000 direct labor hours of activity and has the
    6·1 answer
  • Which of the following is an appropriate solution to an overspending allowance?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!