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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.

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Identify the three branches of the federal government and the role of each branch with regard to equal employment opportunity.
In-s [12.5K]
<span>The legislative,executive, and judicial. The legislative passes laws regarding equal employment opportunity, while the executive enforces those laws. The judicial branch determines whether those laws have been violated in specific cases.</span>
7 0
3 years ago
291. Much of the hope for continued improvement of the economy lies in the projection of increasing consumer spending this year.
sergij07 [2.7K]

Answer:

The correct answer is E:

Much of the hope for continued improvement of the economy lies in the increase in consumer spending that is projected for.

Explanation:

i. Much of the hope (this is the main Subject of the conversation)

ii. for continued improvement (this is the Prepositional phrase. It modifies the noun “hope”)

iii. of the economy (this is a Prepositional phrase – it modifies the noun “improvement”)

iv. lies in the projection (This is the main Verb – “lies”)

v. of increasing consumer spending this year. (This is the prepositional phrase. It modifies the noun “projection”)

At first glance, it would appear that the positive experience that is anticipated is the projection.

<em>A projection (unqualified) in this case is an estimate of how a thing will be in the future.</em>

Having stated this, we see that it is more logical to hope for a positive experience that will occur than to just hope. Hence the hope is really in the increase in consumer spending not in the projection as a separate word.

(E) therefore is the Correct option because in this option that in this option “that” modifies “increase”.

Cheers

8 0
3 years ago
In the short​ run, a monopolistically competitive firm will A. select the rate of output where price equals marginal cost. B. ma
stepan [7]

Answer:

Option D is correct.

<u>Select the rate of output where marginal revenue equals marginal cost </u>

Explanation:

Reason: Profit = Revenue - Cost

To maximize profit we take the derivative. Results in in Max Profit occurring at Marginal Revenue = Marginal Cost

3 0
3 years ago
A decrease in the inventory account during the year should be reported on the indirect method statement of cash flows as:
Elza [17]

Answer:

a.An increase in cash flows from operating activities

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets such as inventory, accounts receivables etc, (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. A decrease in assets (other than cash) is an inflow of cash while a decrease in liabilities is an outflow of cash.

5 0
3 years ago
Read 2 more answers
On July 1 the FISHER Shoe Store paid 15,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the
spin [16.1K]

Answer and Explanation:

The adjusting entry is as followS:

Rent expense $2,500

      To Prepaid rent $2,500

(Being rent expense is recorded)

Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets

The rent for one month is

= $15,000 ÷ 6 months × 1 month

= $2,500

7 0
2 years ago
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