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chubhunter [2.5K]
3 years ago
5

You open an individual retirement account (IRA) with a mutual fund and contribute $1,000 into the account each year. How much wi

ll be in the account after 20 years if the investment earns 7% annually
Business
1 answer:
Rina8888 [55]3 years ago
7 0

Answer:

The worth of the investment after 20 years = $40,995.5  

Explanation:

<em>The equal annual deposit can be worked out using the future value of an ordinary annuity formula. </em>

<em>The worth of the investment after 20 years can be worked out using the future value of an ordinary annuity.</em>

<em>An an annuity is a series of equal cash flows receivable or payable  for certain number years. </em>

Future Value of an ordinary annuity (FVOA). The represents the total sum of that would accrue where a series of annual cash flow (each occurring at the end of the year) is compounded at a particular rate. It can be determined as:  

FV= A × ( (1+r)^n - 1)/r).  

FV- Future value

A- annual cash flow

R- rate of interest

n-number of years

FV - ?

A- 100

r- 7%

n- 20

FV = 1,000× (1.07^20 - 1)/0.07 =  40,995.5  

The worth of the investment after 20 years = $40,995.5  

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What is a pumpkin bug
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Answer:

The botanical name for squash bugs is Anasa tristis. This bug is very common in the USA and gets its common name from the fact that it is attracted to and lays its eggs on squash, as well as pumpkin plants. I've also seen the bugs on cucumber plants and other curcubits such as melons.

Explanation:

7 0
3 years ago
Someone claiming to be an employee of the employer for whom Bernie works has been handing out flyers denigrating the employer at
Advocard [28]

Answer:

1 if employer is the federal government

2. If employer is the state or local government

Explanation:

Under the 4th amendment, Bernie can file an action against his employer if the employer is a state or local government and also if his employer is a federal government. Bernie can do this because the 4th amendment only applies to government employers and not private employers.

8 0
4 years ago
Henrique​ Correa's bakery prepares all its cakes between 4 A.M.and 6 A.M.so they will be fresh when customers arrive.​ Day-old c
sashaice [31]

Answer:

27

Explanation:

The computation of the optimal stocking level for the bakery is shown below:

Given that

Cost = c = $7

Selling price =  p = $ 10

salvage value =  s = $ 5

Mean = 25

Standard deviation = \sigma= 8

Now based on the above information

underage cost = Cu  = p-c = $10 - $7 = $3

And,

overage cost = Co = c-s = $7 - $5 = $2

So,

\frac{P\leq C_{u}}{(C_{u}+C_{o})}\\\\\frac{P\leq3}{(3+2)}

= 0.6

Now use normsinv() function in excel

So,

The Z value for the probability 0.6 is 0.2533

Now finally

The optimal stocking level is

=\mu +z\sigma

= 25 + 0.2533 × 8

= 27.02

= 27

3 0
3 years ago
Comet Company is owned equally by Pat and his sister Pam, each of whom hold 165 shares in the company. Pam wants to reduce her o
VARVARA [1.3K]

Answer: The answer is given below

Explanation:

The following can be gotten from the question

The redemption value of the share = $1660

Less: tax basis = $700

Capital gain: $1660 - $700 = $960

Number of shares that'll b redeemed = 83 shares

Therefore, the capital gain and the tax basis in each of the remaining shares of 700 will be:

= $960 × 83

= $79680

6 0
4 years ago
Research the definitions of various production and operations management terms used in the textbook readings. Perform a literatu
alexdok [17]

The correct answer to this open question is the following.

Unfortunately, you did not attach the link to your textbook to know what the terms were. Without information, we do not know what you studied in the lesson.

However, trying to help you, we can share some general production and operation management terms

These are the terms I choose.

Acquisition. This term refers to the purchase of another company or the purchase of a significant asset.

Benchmarking. This is the activity companies do to compare their systems and procedures to other competitors. Companies do this to know what they are doing good and where they have some disadvantages.

Customer Satisfaction. The activity that establishes contact with clients and consumers in order to deliver the satisfaction the consumer deserves in every interaction it has with the company.

I choose to elaborate on Customer Satisfaction. This term can impact the ability of an operation to be competitive in the 21st century because it is a great differentiator when you compete with companies that offer similar products or services.

The better you treat your customers the more prone to be loyal to your brands, And that is a key to be at the top of the mind of your consumers.

6 0
3 years ago
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