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
sergey [27]
2 years ago
5

You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annual rate o

f 5.5 percent for 14 years. How much will you have in your account in 25 years?
Business
1 answer:
yawa3891 [41]2 years ago
5 0

Answer:

Total value in the account after 25 years = $105,530.26

Explanation:

The value of an amount invested at a certain rate of return for certain number of years where interest compounded annually is known as the future value.  

The future value of an investment can be determined using the future value formula. This formula is stated below:

FV = PV × (1+r)^(n)

FV - Future Value , PV- Present Value, r-rate of return, n- number of years

<em>For the first compounding, 6.1% for 11 years</em>

<em>PV - 26,000, r- 6.1% and n- 11</em>

FV = 26,000 × (1.061)^11 = 49,870.367

<em>For the second round of compounding at 5.5% for 14 years</em>

<em>PV - </em> 49,870.367 , r -5.5%, n- 14

FV = 49,870.367× 1.055^14 = 105,530.259

Total value in the account after 25 years = $105,530.26

You might be interested in
enjoy a great working relationship and just recently have started dating. They can't seem to get enough of each other outside of
kirill [66]

Answer:

uh what?

Explanation:

7 0
3 years ago
in the course of creating an effective business message, excellent business thinkers are most likely to quizlet
Dmitry_Shevchenko [17]

In the course of creating an effective business message, excellent business thinkers are most likely to: identify and articulate key questions and problems.

<h3>What is a business strategy?</h3>

A business strategy can be defined as a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to successfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.

<h3>The types of business strategy.</h3>

Generally, there are four (4) main types of business strategy and these include the following:

  1. Organizational (Corporate) strategy.
  2. Business (Competitive) strategy.
  3. Functional strategy.
  4. Operating strategy.

In Business management, it is very important for excellent business thinkers to identify and articulate key business questions and problems that have the potential of affecting a business.

Read more on business strategy here: brainly.com/question/17130109

#SPJ1

Complete Question:

In the course of creating an effective business message, excellent business thinkers are most likely to Multiple Choice

begin jotting down a rough draft right away to capture their ideas.

encourage one-way linear thinking and a rigid approach to business problems.

avoid using the other-oriented tone in their text.

identify and articulate key questions and problems.

make well-reasoned conclusions and solutions

6 0
1 year ago
When did jurassic world come out
steposvetlana [31]
June 12 2k15

I loved that movie and watched it the first day
5 0
3 years ago
In what time period did hydroelectric power usage reach its peak? 1970–1980 1980–1990 1990–2000 2000–2010
liberstina [14]

The answer is: 1990 - 2000

By this time period, more people realize that energy generated from hydroelectric power is much more sustainable compared to other alternatives since it mostly relied on renewable resources. Between this period of time, nations on average use 2000 - 2500 billion kwh from hydroelectric power.

5 0
3 years ago
Read 2 more answers
What is the effect of declaring a stock dividend on the liabilities and stockholders' equity section of the balance sheet? a.A d
kati45 [8]

Answer:

An increase in total liabilities and a decrease  in stockholders' equity

Explanation:

When a dividend is declared but not ye paid, it is credited as current liability because it has increased the company liability while retained earnings is being Debited because of the profit distribution.

When it is eventually paid, cash account is credited while dividend liability account is  debited.

8 0
3 years ago
Other questions:
  • After 8 years of working for a company that installed underground sprinkling systems for golf courses, Trevor was ready to ventu
    9·1 answer
  • Chocolotto, a chocolate manufacturer, displays a brown dot in a brown square symbol, instead of a green dot in a green square sy
    7·1 answer
  • One of the arguments in favor of trade restrictions is the foreign export subsidies argument.
    11·1 answer
  • Black owned and resided on the premises at 1803 North Monroe Street in the city of Lawn. He had purchased the house from Green i
    5·1 answer
  • were designed to concentrate the credit risk of a bundle of loans on one class of investor, leaving the other investors in the p
    14·1 answer
  • Audio engineers at 3XT2 have determined that an anechoic additive will increase isolation and improve signal to noise by about 2
    13·1 answer
  • You want a seat on the board of directors of Four Keys, Inc. The company has 265,000 shares of stock outstanding and the stock s
    14·1 answer
  • Italian Stallion has the following transactions during the year related to stockholders’ equity. February 1 Issues 5,000 shares
    15·1 answer
  • Which of Graeter’s stakeholders are most affected by the family’s decision to take a long-term view of the business rather than
    6·1 answer
  • A specific reduction in government spending will dampen demand-pull inflation by a greater amount the: 
A. Smaller is the econom
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!