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aliina [53]
2 years ago
6

Anne plans to save $40 a week, starting next week, for ten years and earn a rate of return of 4.6 percent, compounded weekly. Af

ter the ten years, she will discontinue saving and invest her account at 6.5 percent, compounded annually. How long from now will it be before she has accumulated a total of $50,000?A) 10.32 yearsB) 21.14 yearsC) 15.08 yearsD) 11.14 yearsE) 20.32 years
Business
1 answer:
Eduardwww [97]2 years ago
6 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Anne plans to save $40 a week, starting next week, for ten years and earn a rate of return of 4.6 percent, compounded weekly. After the ten years, she will discontinue saving and invest her account at 6.5 percent, compounded annually.

First, we calculate the final value of the first ten years:

Effective rate= 0.046/52= 0.000885

n=52*10= 520

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {40*[(1.000885^520)-1]}/0.000885= 26,398.57

Now, we can calculate the number of years.

n=[ln(FV/PV)]/ln(1+i)

n= [ln(50,000/26,398.57)]/ln(1+0.065)

n= 10.14 years

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Answer:

The correct answer is B. $14,500

Explanation:

According to the accounting concept, the machines cost includes all those cost which is related to the machine like -  purchase cost of machine, installation cost of machine, insurance cost,etc.

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Thus, the correct answer is B. $14,500

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posledela

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Explanation:

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