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butalik [34]
3 years ago
7

A 20-year-old student wants to save $5 a day for her retirement. Every day she places $5 in a drawer. At the end of each year, s

he invests the accumulated savings ($1,825) in a brokerage account with an expected annual return of 8%. If she keeps saving in this manner, how much will she have accumulated at age 65? If a 40-year-old investor began saving in this manner, how much would he have at age 65? How much would the 40-year-old investor have to save each year to accumulate the same amount at 65 as the 20-year-old investor?
Business
1 answer:
ollegr [7]3 years ago
7 0

Answer:

Instructions are listed below

Explanation:

Giving the following information:

At the end of each year, she invests the accumulated savings ($1,825) in a brokerage account with an expected annual return of 8%. She will invest for 45 years.

A) We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {1825[(1.08^45)-1]}/0.08= $705,372.75

B) n= 25

FV= {1825[(1.08^25)-1]}/0.08= $133,418.34

C) FV= 705,372.75     A=?

We need to isolate A:

A= (FV*i)/{[(1+i)^n]-1}

A=(705,372.75*0.08)/[(1.08^25)-1]

A= $9,648.64

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Answer:

The correct answer is overextension.

Explanation:

In the context of language acquisition, it refers to the erroneous over-generalization in the use of a word; that is, to the error that consists in extending the application of words to entities or objects not included in the concept or category of reference, even if they share certain characteristics. For example, the word "dog" is used to correctly designate dogs; but it is also used in reference to any other animal with "four legs."

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3 years ago
If no fixed duration of the partnership is specified, the partnership is a partnership in perpetuity, which means that the partn
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The answer is b. false.

In the absence of a partnership agreement on fixed duration, the Partnership Act 1890 may apply.

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<span>·         </span>a partner becomes bankrupt;

<span>·         </span>the court orders it to be dissolved;

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3 years ago
After the manager and employee work together to set the employee’s objectives, what is the next step of mbo?.
mina [271]

The next step after setting objectives is to assign or cascade those objectives to the team members or employees.

<h3>What are the other steps in the MBO process?</h3>

After assigning the objectives to the employees (usually through a line manager), the next steps are to:

  • Monitor performance of those objectives
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Please see the link below for more about Management by Objective:

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2 years ago
Use the following compound interest formula to complete the problem. A = P (1 StartFraction r over n EndFraction) superscript n
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Credit cards are the card which is given by banks to the customers for withdrawing some amount beyond the account balance. The card I's is increased by $1579.3 than card H.

<h3 /><h3>What is a credit card?</h3>

A credit card refers to a payment mechanism that helps both consumer and commercial business proceedings, including purchases and cash advances.

Computation of credit card's balance:

<u>Amount of </u><u>Card H </u><u>after 3 years:</u>

Given,

Principal(P) = $1,186.44

Interest Rate(r) = 14.74%

Number of time period(n) = 3 years.

Applying the above values in the formula given in the question:

\text{A} = \text{P}(1+ \dfrac{r}{n} )^n^t\\\\\\\text{A} =\$1,186.44(1+ \dfrac{14.74\%}{3} )^3\\\\\\\text{A}= \$1792.2

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Principal(P) = $1,522

Interest Rate(r) = 12.05%

A number of the time periods (n):

12\text{Months}\times3\text{Years} = 36 \text{Months}

Again, apply the above values in the formula given in the question:

\text{A} = \text{P}(1+ \dfrac{r}{n} )^n^t\\\\\\\text{A} =\$1,522.16(1+ \dfrac{12.05\%}{12} )^3^6\\\\\\\text{A}= \$3,371.58

Now we take the difference between both the credit cards, we have:

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Therefore, card H's balance is decreased by $1579.3 than a card I.

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Answer:

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I found this answer on google so I hope this helps.

3 0
3 years ago
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