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
Katena32 [7]
3 years ago
14

Suppose when you are 21 years old, you deposit $1,000 into a bank account that pays 6 percent annual compound interest, and you

do not withdraw from the account until your retirement at the age of 65, 44 years later. How much will be in the account when you retire?
Business
1 answer:
Ratling [72]3 years ago
5 0

Answer:

amount = $12985.48

Explanation:

given data

principal = $1000

RATE = 6 %   = 0.06

Time = 44 year

to find out

How much will be in the account when you retire

solution

we will apply here amount formula that is

amount = principal × (1+r)^{t}       ...................1

put here value we get

amount = 1000 × (1+0.06)^{44}  

amount = $12985.48

You might be interested in
Investigating careers
goldfiish [28.3K]

B. It is a state of actual emergeny.

5 0
3 years ago
​TRUSTe, a nonprofit​ self-regulatory organization, works with other companies to audit online privacy and security measures. It
lubasha [3.4K]

Answer:

The correct answer is telemarketing.

Explanation:

Telemarketing is a form of direct marketing in which an advisor uses the telephone or any other means of communication to contact potential customers and market products and services. Potential customers are identified and classified by various means such as their purchase history, previous surveys, participation in contests or job applications (for example, via the Internet). Names can also be purchased from another company's database or obtained from the phone book or other public or private list. The classification process serves to find those potential customers most likely to buy the products or services that the company in question offers.

4 0
4 years ago
This year, Linda Moore earned a $112,000 salary and $2,200 interest income from a jumbo Certificate of Deposit.She recognized a
olya-2409 [2.1K]

Answer:

a) salary $112,000

Interest income $2,200

Capital gain on stock -

gross income $114,200

capital gains and losses

capital gain 10,500

capital loss 15,300

Net capital loss = 4800

net loss offset on Gross income = 3000

Net Gross income $111,200

capital loss that is carried forward = $1800

b) salary $112,000

Interest income $2,200

Capital gain on stock -

gross income $114,200

CAPITAL LOSSES/GAINS

capital gain 16000

capital loss 15300

Net Capital gain = 700  

ADD taxable capital gains on Gross income

c) salary $112,000

Interest income $2,200

gross income $114,200

capital losses/ gains

capital loss 15300

capital loss 17000

Total Capital LOSS = $ 32300

Set off against income = (3000)

Losses carried forward =$29300

Explanation:

Capital losses can be offset on normal Gross income but only up to $3000 per year

6 0
3 years ago
Gardening supplies are hot now, but they haven't always been. Why is this true of other businesses, too?
9966 [12]

i think your answer is B

ok

:P

╦___________________________________╦

│Hope this helped  _____________________│

│~Xxxtentaction ^̮^ _____________________│

╩___________________________________╩

5 0
3 years ago
А
kotegsom [21]

Answer:

2,000

Explanation:

On average, a person who have a full time job works will work approximately 2,000 hours each year reason been that we have 5 working days in a week and standard working hours in a weeks is 40 hours (5days×8hours daily) which means 8 hours daily , secondly we have 52 weeks in a year, now assuming that person takes 2 weeks off each year for his or her vacation we would have 50 weeks left (52 weeks-2 weeks vacation) which means that the person would be working 50 weeks of the year multiply by 40 hours a week which will give us a total of 2,000 hours each year.

40 work hours weekly× 50 weeks yearly

=2,000 hours of work each year

Therefore on average, a person with a full time job works approximately 2,000 hours each year.

7 0
3 years ago
Other questions:
  • This is the person or persons who offers a good or service.
    6·1 answer
  • How would you ensure that proper plans are installed for the creditors section which was been managed poorly in the future?
    10·1 answer
  • Which of the following is NOT true? Group of answer choices A call option gives the holder the right to buy an asset by a certai
    8·1 answer
  • You are involved in training and development for your division at dunder mifflin inc. you want to target some specific organizat
    11·1 answer
  • When creditors make a decision about approving an individual for a credit card, they consider an individual’s _____.?
    15·1 answer
  • Describe the current global strategy and provide evidence about how the firm’s resources and competencies support the pressures
    8·1 answer
  • Question 3 of 10
    12·1 answer
  • Leading economic indicators predict the status of the economy over the course of _____________
    8·2 answers
  • An electronics company makes communications devices for military contracts. The company just completed two contracts. The navy c
    9·1 answer
  • We do not owe you anything at December 31, 2018, as the goods, represented by your invoice dated December 30, 2018, number 25050
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!