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ahrayia [7]
3 years ago
13

You just won $70,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 8% p

er year. If you intend to retire in 45 years, how much are these lottery winnings expected to be worth when you retire? a. $942,089 b. $2,234,431 c. $4,788,067 d. $1,260,147 e. $2,615,364
Business
1 answer:
Nina [5.8K]3 years ago
6 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

You just won $70,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 8% per year.

The number of years is 45.

We need to use the following formula for future value:

FV= PV*(1+i)^n

FV= 70,000*(1.08)^45= $2,234,431.46

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4 0
4 years ago
Wilfred Nadeau owns 300 shares of Consolidated Glue. The​ company's board of directors recently declared a cash dividend of 45 c
dedylja [7]

Answer:

<u>a. Zero dividend.</u>

<u>b. 3.5 new shares</u>;

<em>texes will be paid.</em>

<u>Explanation:</u>

a. March 20 is a date earlier than when the dividends are too be paid on April 18, and as such Wilfred Nadeau<em> will not</em> receive any dividend if he sells his stocks since he no longer has ownership of them.

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3 years ago
If per capita gdp in 2014 was $900, in 2015 was $1,000, and in 2016 was $1,200, the growth rate of per capita gdp between 2014 a
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I'm not 100% sue but I think the answer is option D: District boundaries will remain the same, but the voting pattern will shift from Republican to Democratic. Hope this helps!
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