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
olasank [31]
3 years ago
6

You are planning to make monthly deposits of $70 into a retirement account that pays 12 percent interest compounded monthly. If

your first deposit will be made one month from now, how large will your retirement account be in 24 years
Business
1 answer:
Brums [2.3K]3 years ago
6 0

Answer:

FV= $115,928.81

Explanation:

Giving the following information:

Monthly deposit= $70

Interest rate= 0.12/12= 0.01

n= 24*12= 288

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {70*[(1.01^288) - 1]} / 0.01

FV= $115,928.81

You might be interested in
Complete each statement with the term that correctly defines.
Mashcka [7]

Answer:

a. Outperform.

b. Gatekeepers.

c. Leveraging.

d. Value creation.

e. Producer.

Explanation:

A platform can be defined as a type of business model that creates value or focuses on assisting participants by facilitating exchanges and interactions between two or more interdependent groups of participants, who are mostly consumers and producers of finished goods and services.

This simply means that, a platform usually creates an effective and efficient market or community network with needed resources, for better interaction and transaction among various participants. Some examples of a platform business are brainly, airbnb, apple, microsoft, uber etc.

The notable characteristics and advantages of a platform business are;

a. Platform businesses tend to frequently outperform pipeline businesses.

b. Platforms scale more efficiently than pipelines by eliminating gatekeepers.

c. Platform businesses leveraging digital technology can grow much faster.

d. Platforms unlock new sources of value creation and supply.

e. Feedback loops from consumers to the producers allow platforms to fine-tune their offerings and to benefit from big data analytics.

5 0
3 years ago
The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $380,000
Sedbober [7]

Answer:

company can value of $190909.1

Explanation:

Given data:

current assets = $1,312,500

current liabilities =  $525,000

initial inventory level is $380,000

current ratio = 2.2

current liabilities is calculated as = \frac{Current/ Assets}{current/ ratio}

plugging all value  in above relation

current liabilities= \frac{1312500}{2.2}

current liabilities = $ 596590.90

and we know  current liabilities is  $525,000. Thus company can value of $190909.1

8 0
3 years ago
The current price of xyz stock is $50.00. dividends are expected to grow at 7% indefinitely and the most recent dividend was $1.
muminat
1/50+7 = 9.0 so the answer is 9.0
5 0
3 years ago
References that employers trust for the most accurate reporting include
Aliun [14]

Answer: counselors

Explanation:

References that employers trust for the most accurate reporting include counselors. Employers don't trust the friends, relatives and parents of the prospective employees or employees for an accurate report because employers believe that they're not professional enough and due to their closeness to the employee, they may give false information in order to put the employee at an advantage. Employers see counselors as being more professional and will give the right informations.

It should be noted that in a case whereby a candidate performs well in his or her job tests and interviews and has a positive recommendation from his or her references together, the person has a high chance of being employed.

8 0
3 years ago
Read 2 more answers
George is ready to launch a designer tie collection under his own brand name. He now has to decide the right market price for hi
kondor19780726 [428]

Answer:

B. the amount the customer can pay

Explanation:

Pricing is one of the 4 P's of marketing mix. It involves assigning the right value to one's goods and services. Choosing the right price on a product will determine the success of the business because if it is too high, customers will not afford it and therefore not be willing to buy it. However, if it is priced right and it meets their needs, they will most likely buy it , making choice B correct.

8 0
3 years ago
Other questions:
  • What can cell margins be useful for
    12·1 answer
  • Since the requirements for privacy reach across the organization, the privacy specialist works with appropriate ____ to ensure t
    5·1 answer
  • Justice Enterprises is evaluating the purchase of a new computer net system would cost $24,000 and have a useful life of Syears.
    12·1 answer
  • Alto Company issued 7% preferred stock with a $100 par value. This means that: Multiple Choice Only 7% of the total paid-in capi
    6·1 answer
  • After researching the different forms of business organization, Natalie Koebel decides to operate "Cookie Creations" as a corpor
    15·2 answers
  • In which step of the learning and development process does the employer identify if there are gaps in what new employees need to
    10·1 answer
  • Bonds were retired during 2016 at face value, plant and equipment were acquired for cash, and common stock was issued for cash.
    6·1 answer
  • I need help please !!!!!
    6·1 answer
  • Suppose you are a manager of a firm that operates in a duopoly. Recently, the state attorney general fined you and your competit
    5·1 answer
  • Evan bought into a housing cooperative that's focused on cultural exchange. Each month, the co-op residents have dinner meetings
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!