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Interest, in a savings account, is calculated as a percentage of what you have saved.
A bank will let you know what percentage of interest they pay monthly on your savings account. Each bank can vary by what they pay in interest so it is important to do your research and search for a bank that gives an amount back that is suitable to you. Keeping your money in savings allows for interest to accrue at a faster rate.
Answer:
FV= $137,440.62
Explanation:
Giving the following information:
Bob makes his first $ 800 deposit into an IRA earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposit on his 39th birthday (16 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.4 % interest compounded annually until Iob retirees on his 65th birthday.
First, 16 years:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {800*[(1.074^16)-1]}/0,074= $23,067.90
Next 25 years.
FV= PV*(1+i)^n
FV= 23,067.90*(1.074)^25= $137,440.62
True, Age Discrimination in Employment Act (ADEA) forbids age discrimination against people who are age 40 or older.
- It does not protect workers under the age of 40, although some states have laws that protect younger workers from age discrimination.
- These legislation collectively changed the workplace by removing obstacles to opportunity and establishing a foundation of fairness and equality.
- Congress acknowledged that age discrimination was mostly brought on by erroneous beliefs that ability was impaired by age when it passed the ADEA.
- Direct and indirect age discrimination are two of the most prevalent forms of this practice.
What is the Age Discrimination Act of 1978?
- Age-based discrimination against older workers in hiring, firing, layoffs, compensation, and other working conditions is illegal under the federal Age Discrimination in Employment Act (ADEA).
- Most employees 40 and older who work for companies with 20 or more employees are covered by the statute.
Learn more about the Age Discrimination Act of 1978 brainly.com/question/15287392
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Answer:
The correct answer is:
$80,500 (b.)
Explanation:
First of all, not that total anticipated October sales is the same thing as projected October sales. Therefore, this sale is calculated as follows:
Projected sales = 7,000
unit price = $11.50 per unit
Therefore
Price for 7,000 units = 11.5 × 7,000 = $80,500
