Ask question

Ask question

All categories

3 years ago

15

Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $5

0,000 five years from now.
How much must Carol deposit to accomplish her goal?
(A) $37,205.
(B) $43,131.(C) $35,000.(D) $35,069.

1 answer:

Mandarinka [93]3 years ago

7 0

43131 x 1.06^5 = 57719.0073..... ($57719.01)
B

You might be interested in

If the mean time between in-flight aircraft engine shutdowns is 12,500 operating hours, the 90th percentile of waiting times to

Elis [28]

To determine the 90th percentile of waiting times to the next shutdown, we use the formula
(10)* E[X] = 2.30258509*E[X] 2.30258*12500 = 28782.31 HOURSTherefore, the 90th percentile of waiting times to the next shutdown will be approximately 28782 hours

8 0

3 years ago

You bought a stock three years ago and paid $45 per share. You collected a $2 dividend per share each year you held the stock an

kakasveta [241]

Answer:

5.84%

Explanation:

We use the RATE function that is shown in the excel. Kindly find the attachment below:

The NPER shows the time period.

Given that,

Present value = $45

Future value or Face value = $47

PMT = $2

NPER = 3

The formula is shown below:

= Rate(NPER,PMT,-PV,FV,type)

So, the annual compound rate of return is 5.84%

5 0

3 years ago

Under the Uniformed Services Employment and Reemployment Rights Act of 1994, employers must reemploy workers who left jobs to fu

tigry1 [53]

Answer:

The correct answer is: <u>5 years</u>.

Explanation:

To begin with, the Uniformed Services Employment and Reemployment Rights Act of 1994 is the name given to an American law in the U.S. federal government in order to protect the rights of the civilians who were called to serve in military services regarding the subjects of their jobs and employment. It was signed into law by the U.S. President Bill Clinton in October 13, 1994.

Secondly, the criteria from the act known as USERRA establishes that the maximun period of time that a person could be absent from his work due to military duties and still retain reemployment according to the act is up to five years.

7 0

3 years ago

A review of the accounting records of Baird Manufacturing indicated that the company incurred the following payroll costs during

ankoles [38]

Answer:

a. $363,000

b. $827,200

Explanation:

The computations are shown below:

a. Payroll cost would be

= Salary of the company president + Salary of the chief financial officer + Salary of the vice president of marketing + Salaries of administrative secretaries + Commissions paid to sales staff

= $75,000 + $42,000 + $40,000 + $60,000 + $146,000

= $363,000

And, for computing payroll cost first we have to determine the total cost which is shown below:

= Salary of the vice president of manufacturing + Salaries of middle managers (department heads, production supervisors) in manufacturing plant + Wages of production workers + Salaries of engineers and other personnel responsible for maintaining production equipment

= $50,000 + $147,000 + $703,500 + $133,500

= $1,034,000

Now the cost of goods sold would be

= Total cost × sales units ÷ number of units produced

= $1,034,000 × 4,000 units ÷ 5,000

units

= $827,200

3 0

3 years ago

If you are interested in pursuing a B.S.E. (Bachelor of Science in Engineering) degree, please write a 300-500 word essay descri

m_a_m_a [10]

Explanation:

When I was in school grade 9, I had my first interaction with a robot during a visit to technology expo since then I could not think of anything else but to awe for exploring the fascinating world of robots.

I didn't had much resources to buy tools and components to build robots but still my passion kept me motivated and I found my way to get hands on scrap parts available at the various spots in my locality. Slowly and gradually, I kept learning and building robots and by the time I was in my high school, I had already won 3 major school competitions and received tremendous amount of recognition. Due to my outstanding performance, I was awarded with merit scholarship for the college.

In college, I continued my handwork and kept myself busy in exploring the depth of robotics. I had the pleasure of working on a big project funded by a our college. The project was to build a search and rescue quad-copter. Honestly speaking, it was not easy! I worked day and night tirelessly, and finally after 6 months I successfully built the quad-copter.

My goal is to become an inventor in the field of robotics. Building such robots that can make a difference in our lives and help humanity to grow and thrive. I believe that engineering program at Princeton encourages such passion and vision and would be a great learning platform for me to showcase my talent and skills.

4 0

3 years ago