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antiseptic1488 [7]
3 years ago
6

Luana loves shopping for clothes, but considering the state of the economy, she has decided to start saving. At the end of each

year, she will deposit $570 in her local bank, which pays her 6% annual interest. Luana decides that she will continue to do this for the next four years. Luana savings are an example of an annuity. How much will she save by the end of four years?
Business
1 answer:
Zina [86]3 years ago
6 0

Answer:

Luana will save $2,493.522

Explanation:

Given:

Luana will deposit $570 every year for 4 years. This is an annuity as same amount is deposited every year.

Rate is 6% or 0.06

We have to compute Luana's savings at the end of 4th year.

Refer future value of annuity factor table at 6%, 4th year. Annuity factor is 4.3746.

Savings = Yearly deposit × Annuity factor

             = 570 × 4.3746

             = $2,493.522

Therefore, Luana will save $2,493.522 by the end of 4 years.

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They also promote the company or organization by gain maximum project through the investing process.

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3 years ago
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sergeinik [125]

The marginal productivity of the first hour of studying is 15%.

<h3><u>What is Marginal Productivity?</u></h3>
  • The additional output, return, or profit generated per unit as a result of benefits from production inputs is referred to as marginal productivity or marginal product.
  • Raw materials and labor are examples of inputs. According to the rule of decreasing marginal returns, the marginal productivity will normally decrease as production rises when a production element is improved.
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Formula for Marginal Productivity = (Qn – Qn-1) / (Ln – Ln-1)

The total product value is divided by the difference in labor to determine the marginal product of labor.

Know more about Marginal Productivity with the help of the given link:

brainly.com/question/13623353

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7 0
2 years ago
Maria, a single mother of three, has been saving to buy the family's first home. Her budget is limited, but there is a home she
levacccp [35]

Answer:

B) Incurable

Explanation:

The convenience store is working legally in front of your house, and unless you have enough money to buy the whole business and close it, then you cannot do anything about it. That is what incurable means in real estate: the costs of improvements or corrections necessary are higher than the value that is added by the improvement or cure.

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7 0
3 years ago
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The overhead rate should always take into account the unique circumstances of a department such that costs can be assigned as accurately as possible.

3 0
3 years ago
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Answer:

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5 0
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