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
Zina [86]
3 years ago
11

You are going to deposit $21,000 today. You will earn an annual rate of 4.1 percent for 15 years, and then earn an annual rate o

f 3.5 percent for 18 years. How much will you have in your account in 33 years?
Business
1 answer:
Dafna11 [192]3 years ago
3 0

Answer:

$71,720.

Explanation:

We can find the answer by finding the future value for the two periods (the 15 years under 4.1% interest rate, and the 18 years under 3.5% interest rate) using the future value of an investment formula:

FV = PV (1 + i)^n

Where:

  • FV = Future value
  • PV = Present value
  • i = interest rate
  • n = number of compounding periods

Now, for the first period of time, we plug the amounts into the formula:

FV = $21,000 (1 + 0.041)^15

FV = $38,369

Now, we take that result, and apply the same formula:

FV = $38,369 (1 + 0.035)^18

FV = $71,270

So, the total amount you will have in your account after 33 years is $71,720.

You might be interested in
_____ are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.
Natali5045456 [20]

Credit terms are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.

<h3>What is the purpose of credit terms?</h3>

Credit terms are the payment requirements stated on an invoice. It is fairly common for sellers to offer early payment terms to their customers in order to accelerate the flow of inbound cash.

Credit means a loan, an agreement in which the lender (creditor) supplies the borrower with money, goods or services which is to be returned in future. Terms of credit apart from the rate of interest, collateral also includes documentation, mode of repayment.

To learn more about credit terms visit the link

brainly.com/question/13019978

#SPJ4

7 0
2 years ago
Chess Top uses the perpetual inventory system. On May 1st, the beginning inventory consisted of 480 units that cost $65 each. Du
Lyrx [107]

Answer:

the amount of the cost of goods sold is $55,120

Explanation:

The computation of the cost of goods sold for the month is shown below:

Since 800 units were sold out of which 360 units would sold at $70 and the remaining units i.e. 440 units would be sold at $68

= 360 units × $70 + 440 units × $68

= $25,200 + $29,920

= $55,120

Hence, the amount of the cost of goods sold is $55,120

5 0
3 years ago
Giampanini Fashions hopes to gain a foothold in the Indian designer market. To achieve this objective, they convince ex-super mo
faltersainse [42]

Answer:

A) tactics

Explanation:

While a marketing strategy is the overall plan, marketing tactics are the actions required to carry out the strategy. In other words, the marketing strategy sets the goals, while the marketing tactics are the activities necessary to execute the strategy and achieve those goals.

6 0
3 years ago
Explain in detail the various of cottage industry.​
almond37 [142]

Answer:

A cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility. Cottage industries are defined by the amount of investment required to start, as well as the number of people employed.

4 0
2 years ago
It will gain you more knowledge, intensify your soft skills ethics and grow your network
Paha777 [63]
Awareness.

If you can manage a key component of Emotional Intelligence: Active Listening, you’ll start to learn more because people will trust you, you’ll get better with people and meet more, and you’ll start to see success in work and in life.

Combine your ability to actively listen (to hear and understand what people are saying and demonstrate it) with:

Charisma, grativas, animus
Trustworthyness, authenticity, compassion
Empathy, intelligence and understanding
And you’ll get all those things you asked about because you’ll start to realise it isn’t about you: it’s about everyone else.
5 0
3 years ago
Read 2 more answers
Other questions:
  • Smooth Fusion Inc. is a software company, which has built and acquired numerous assets over the years. According to the resource
    5·1 answer
  • Explain how union membership has affected minorities, women, older workers, and part-time workers.
    6·1 answer
  • An organization that has a relatively diverse employee population and makes an effort to involve employees from different gender
    11·1 answer
  • The inventories of Berry Company for the years 2016 and 2017 are as follows: Cost Market January 1, 2016 $10,000 $10,000 Decembe
    6·1 answer
  • In the 1970’s the Ford Motor Company sold its subcompact Pinto model with known design defects. In particular, the gas tank’s de
    8·1 answer
  • If the price level is fixed and autonomous expenditures rise by $40, then the multiplier model would predict that the aggregate
    13·1 answer
  • ___________An example of a campaign that uses integrated brand promotion is Taco Bell; they have simultaneously put out a commer
    11·1 answer
  • There are a couple of questions in this:
    11·1 answer
  • 5. Adliana wanted to start a business and he decided to open a grocery shop. He
    15·1 answer
  • The WBS includes all the elements included and excluded as described in the Scope
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!