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
Ksenya-84 [330]
3 years ago
14

Kelly Malone plans to have $51 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually, co

mpounded monthly. If Malone continues with her plan for one and one-half years, how much will be accumulated in the account on the date of the last deposit
Business
1 answer:
natita [175]3 years ago
6 0

Answer:

$1,774.2

Explanation:

Compute the accumulated amount in the account on the date of last deposit'

Formula used to find out the future value ordinary annuity is:

Future value factor of ordinary annuity (FVF-0A =_{n,i} ) = \frac{1-(1+i^)^ {n} }{i}

1- oily Future value of ordinary annuity (FV-OA) = R (FVF-0A_{n,i} )

Where:

R = annual return (ordinary annuity)

(FVF-0A_{n,i} ) = future value of an ordinary annuity of I for n periods at i interest

Substituting the values:

Future value of ordinary annuity (FV-OA) = R (FVF-0A_{n,i} )

                                                             = $50 (FVF-OA 12_{2.5X 12\frac{12}{12}  }  )

                                                              =$50 X 34.7849

51 X 34.7849\\=1,774

                                                    

You might be interested in
You can now sell 40 cars per month at $20,000 per car, and demand is increasing at a rate of 3 cars per month each month. What i
MArishka [77]

Answer:

More than $1500 price per car per month has to be dropped.

Explanation:

Given:

price per car = $20,000

car sale per month = 40

rate of increase in demand = 3

Solution:

Revenue R = Price × Quantity = P * Q

From the above given data

P = 20,000

Q = 40

R = P*Q

dQ/dt = 3

We have to find the rate at which the price is to be dropped before monthly revenue starts to drop.

R = P*Q

dR/dt = (dP/dt)Q + P(dQ/dt)  

          = (dP/dt) 40 + 20,000*3 < 0

          = (dP/dt) 40 < 60,000

         = dP/dt < 60000/40

         = dP/dt < 1,500

Hence the price has to be dropped more than $1,500 before monthly revenue starts to drop.

3 0
3 years ago
Read 2 more answers
One component of pension expense is actual return on plan assets. plan assets include only assets reported on the balance sheet
Yuki888 [10]
<span>The correct answer is:  [D]:
________________________________________________________
     "assets that a company holds to earn a reasonable return, generally at minimum risk."
________________________________________________________</span>
8 0
3 years ago
When a commercial for men's razor blades demonstrate how the blades work to create the closest shave, the brand is using a _____
Ivenika [448]

Answer:

a) Informational

Explanation:

The company is using informational appeal in its advertisement to convince the buyers that they need the product and shows how it works. . This type of appeal informs customers of the features, quality and benefits of a product. The demonstration of how the blades work helps the potential customers to make a rational decision as it it portrays that the blades' function of the providing the closest shave is what they need.

4 0
3 years ago
重
Naddik [55]

Answer:

B. agreements between two or more parties

Explanation:

if you were to sign a contract for something huge and you were broke the contract before you had finish the time that you had signed whom ever you signed it could end in a law sue and maybe even jail time.

Hope this helps :)

8 0
3 years ago
Sara shouppe has invested $100,000 in an account at her local bank. the bank will pay her a constant amount each year for 6 year
katovenus [111]
We can compute this using the Annual depreciation charge
Use the formula:
depreciationcharge= (Co-Cn)i/[(1+i)^n-1)]
where
Co= initial amount= $100,000
Cn- value after n years= $0
n= life of account= 6
i= interest rate=10%
Sunstituting all the values, we will get,
depreciation charge = $12960.74

The bank will have to pay Sara shouppe  $12960.74 for the investment of $100000 with 10% interest.


5 0
2 years ago
Other questions:
  • Kelsey wants to know what the main purpose of the visuals in the committee's report will be. what will you tell him?
    13·1 answer
  • Economies of scale: Question 1 options: A) are available to small firms but not to large firms due to management inefficiencies.
    6·1 answer
  • Under a written insurance contract, the policyholder pays a premium, and the insurance company provides:____
    7·1 answer
  • Where are subduction zones most likely to form​
    14·1 answer
  • Which of the following organizations is a discrete manufacturer? a. A pharmaceutical company in Arizona that manufactures skin c
    13·1 answer
  • Which example would be best formatted as a persuasive message?
    7·1 answer
  • A project is expected to generate annual revenues of $119,300, with variable costs of $75,400, and fixed costs of $15,900. The a
    14·1 answer
  • Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans pro
    6·1 answer
  • The following data were taken from the accounting records of the Mixing Department of Kappa Corporation which uses the weighted-
    10·1 answer
  • What is technical profession?Give examples.​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!