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stira [4]
3 years ago
8

Assume that an individual puts $10,000 into a savings account that pays 3% interest, with interest being compounded monthly. The

individual plans to withdraw the balance in 5 years to buy a car. If he does not make any further deposits over this period, how much will the individual be able to put towards his purchase?
Business
1 answer:
Lemur [1.5K]3 years ago
6 0

Answer: $11,620

Explanation:

A=P(1+r/n)^nt

A=$10,000(1+0.03/12)^12×5

A=$10,000(1+0.0025)^60

A=$10,000(1.0025)^60

A=$10,000(1.162)

A=$11,620

Note: A= Future value

P= principal

r=Interest rate

n= no.of time Interest is compounded

t= time money is invested.

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irinina [24]
They need to be out into jail
4 0
2 years ago
Tom’s Grocery purchased 5 new cash registers for their new store and they paid $2,400 each for a total of $12,000 on August 1, 2
SVETLANKA909090 [29]

Answer:

c. Depreciation $1,000

f. Property, Plant and Equipment $12,000

Explanation:

Tom's Grocery purchased 5 new cash registers which amount $2400 each. They have useful life of 5 years. Using straight line depreciation the annual depreciation charge will be $2,400 / 5 which is $480 per year per cash register. There are 5 cash registers so total depreciation expense will be  $480 * 5 = $2,400 per year for 5 registers.

The registers are bought on August 1st, 2013 and the year end is December 31st, 2013 there are 5 months, the depreciation expense will be prorated based on the months.

$2,400 * 5/12

$1,000.

3 0
4 years ago
Andy decides to go skydiving for his 40th birthday. He signs a waiver, boards the plane and prepares for the jump. Everything is
Bumek [7]

Answer: assumption of the risk

 

Explanation: In case of any dispute, if the defendant succeed to prove the court that the the plaintiff knowingly took the potential risk of the activity which he or she was participating, then under the assumption of risk court can reduce or bar the recovery of that plaintiff.

In the given case, Andy signed a waiver before going for the dive. That waiver is a proof that he himself assumed the risk.

Thus, he will not recover his injuries under the defense of assumption of risk .

4 0
3 years ago
The less our perceived amount of __________ in relation to a stressor, the more stressful we perceive the event to be.
Naddika [18.5K]

The less our perceived amount of control in relation to a stressor, the more stressful we perceive the event to be.

Hans Selye first proposed the concept of stress as a physiological response pattern in 1956. This concept was incorporated into his general adaptation syndrome (GAS) model.

This model incorporates three ideas and lists stress as a dependent variable:

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  • Stress that is protracted or severe enough to cause disorders of adaption or even mortality may occur.

An essential stress-reduction strategy is the perception of control. Even if they are in control but are unaware of it, people become worried when they feel that they are not in charge. People experience stress when they feel out of control due to a lack of resources, coping mechanisms, etc. that would allow them to manage the issue effectively.

To learn more about stress click here:

brainly.com/question/14413080

#SPJ4

3 0
2 years ago
The g.i. bill was created because government officials worried that huge numbers of veterans without _____________ would be a st
Nata [24]

I believe the answer is: jobs or homes


The G.I Bill was really important because Huge amount of veterans without jobs or homes could create two negative impacts for the society:

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3 0
4 years ago
Read 2 more answers
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