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
mixer [17]
3 years ago
10

Nan and Neal are twins. Nan invests $5,000 at 7 percent at age 25. Neal Invests $5,000 at 7 percent at age 30. Both investments

compound Interest annually. Both twins retire at age 60 and nelther adds nor withdraws funds prior to retirement. Which statement is correct? Multiple Choice
Nan will have less money when she reires than Neal.
Neal will earn more Interest on Interest than Nan.
Neal will earn more compound Interest than Nan.
If both Nan and Neal walt to age 70 to retire they will have equal amounts of savings
Nan will have more money than Neal at any age.
Business
1 answer:
Akimi4 [234]3 years ago
7 0

Answer:

Nan will have more money than Neal at any age.

Explanation:

There are 5 major key points that must be identified from the question:

1. Nan and Neal are twins: Hence they are same age

2. Nan invests at age 25: 5 years earlier than Neal who invest at 30

3. Both of them invests same amount at same interest rate

4. Both investment compounds annually

5. Both twins retire at age 60 and neither adds nor withdraws funds prior to retirement

From this key points, it is clear that with the 5 years investment gap, Nan will surely have more money than Neal at any point in time, since all the factors of investment for both are the same, with Nan having the advantage because of the early-bird factor. He would definitely have over 5000 dollars as at the time Neal would start, and Nan's value at the starting year of Neal, would be Neal's amount in 5 years time, and at that time, Nan would be ahead, since they both compound annually.

You might be interested in
Is zero economic profit inevitable in the long run for monopolistically competitive firms? in the long run, monopolistically com
iogann1982 [59]

Firms usually engage in a lot of activates for profit.  Zero economic profit  may continue to earn profit by reducing costs.

  • A monopolistic competitor, like some organizations often earn profits in the short run. The entry of some firms into the same market can bring about a shift in the demand curve faced by a monopolistically competitive firm.

When economic profit is zero, an organization is known to be earning the same as when its resources were used in the next best alternative.

See full question below

Is zero economic profit inevitable in the long run for monopolistically competitive firms? In the long run, monopolistically competitive firms

A. will not continue to earn profit because the cost of production will rise as new firms enter the market.

B. may continue to earn profit by convincing consumers their products are different.

C. will continue to earn profit due to barriers to new firms entering the market.

D. may continue to earn profit by instead beginning to produce a product identical to competitors.

E. will not continue to earn profit because monopolistically competitive firms produce identical products.

Learn more from

brainly.com/question/14406708

6 0
2 years ago
Which is the study of the evolution of behaviors, emphasizing the role of ecological factors as agents of natural selection?
max2010maxim [7]

Answer: Behavioural ecology.

Explanation:

Behavioural ecology is the study of how individuals behaves and interacts with each other within a particular society or community coupled with their evolutionary trend, this study looks into how a given population cooperates and competes with each other and how it affects evolutionary fitness in species. The study of behavioural ecology helps one to understand biological adaptation, how and where organism gets their food and how they escape from their preys, how they cope with unfavourable conditions, reasons why they migrate, etc.

5 0
3 years ago
Read 2 more answers
Fisher Company has 1,000,000 share of common stock with a par value of $10. Additional paid-in capital totals $10,000,000 and re
aleksley [76]

Answer:

B. $300,000

Explanation:

The computation of the reduction of retained earning amount is shown below:

= Number of shares of common stock × stock dividend percentage × market value

= 1,000,000 shares × 6% × $5

= $300,000

Since the dividend amount is adjusted while computing the ending balance of retained earning balance and the same is to be considered in the computation part.

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
What could this sign is on the left side
Mnenie [13.5K]

Answer:

well the sign on the left showes a coffee and on the right they said twi dollars for the brewed coffee

4 0
2 years ago
Mining Corporation purchases the business assets of Open Pit Inc., including its equipment and supplies, for an agreed-to price,
11Alexandr11 [23.1K]

Answer:

A sales.

Explanation:

The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America.

In this scenario, Mining Corporation purchases the business assets of Open Pit Inc., including its equipment and supplies, for an agreed-to price, payable in installments. Under the UCC, this transaction is a sales.

4 0
2 years ago
Other questions:
  • Based on the concept of service blueprinting, what is the "line of visibility?" select one:
    14·1 answer
  • Relatively unknown events are best marketed through
    11·1 answer
  • A contingency plan a. is unnecessary for organizations that face a dynamic environment. b. is developed after considering possib
    11·1 answer
  • Away Travel filed suit against West Coast Travel seeking damages for copyright violations. West Coast Travel's legal counsel bel
    6·1 answer
  • What is the best way to avoid botulism in food handling
    9·1 answer
  • State the roles of rural development bank for entrepreneurship development ?<br>​
    7·1 answer
  • Miranda thinks she's ready to invest in the stock market. what should she have done to prepare? she should have paid off credit
    10·2 answers
  • At the beginning of the current season on April 1, the ledger of Flint Hills Pro Shop showed Cash $2,500; Inventory $3,500; and
    13·1 answer
  • Talia’s Tutus bought a new sewing machine for $55,000 that will be depreciated over 5 years using double-declining-balance depre
    10·1 answer
  • How do u make friends
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!