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
miskamm [114]
4 years ago
13

Sydney saved $10,000 during her first year of work after college and plans to invest it for her retirement in 40 years. how much

will she have available for retirement if she can make 8% on her investment?
Business
1 answer:
Yuliya22 [10]4 years ago
3 0
Given:
P = $10,000, the principal
t = 40 yers, time duration
r = 8% = 0.08, the interest rate
Assume that
n = 12, monthly compounding.

The value after 40 years is
A=P(1+ \frac{r}{n} )^{nt}
nt = 12*40 = 480
1 + r/n = 1 + 0.08/12 = 1.0066667
A = 10000*1.0066667⁴⁸⁰ = $242,737.71

Answer:  $242,737.71

You might be interested in
_______is a very useful method for determining whether respondents have any difficulty understanding the questionnaire and wheth
Sveta_85 [38]
Pretesting is a very useful method for determining
4 0
4 years ago
COMO CREES QUE SE PODRIA SOLUCIONAR LA POBREZA ?? POR FAVOR DOY CORONA , Y CORAZON ( E QUE NO SEPA NO ESCRIBA ) :(
topjm [15]

Answer:

tenga pa que se entretenga

6 0
3 years ago
A property is being appraised using the gross rent multiplier. A comparable property that rents for $150 per month recently sold
Helga [31]

Answer:

The sales price of the appraised property is $26,400

Explanation:

The sales price of of the appraised property can be expressed as;

SA=(A/C)×SC

where;

SA=selling price of the appraised property

A=appraised rent per month

C=comparable rent per month

SC=selling price of the comparable property

In our case;

SA=unknown

A=$165 per month

C=$150 per month

SC=$24,000

replacing;

SA=(165/150)×24,000=$26,400

The sales price of the appraised property is $26,400

3 0
3 years ago
Pitney Co. purchased an office building, land, and furniture for $500,000 cash. The appraised value of the assets was as follows
Inessa [10]

Answer:

1.Allocated cost

Land 150,000

Building 250,000

Furniture 100,000

Total 500,000

2.Net income cash flow -500,000 IA

Explanation:

1.

Allocated cost

Land =500,000*180,000/600,000=150,000

Building =500,000*300,000/600,000=250,000

Furniture =500,000*120,000/600,000=100,000

Allocated cost

Land 150,000

Building 250,000

Furniture 100,000

Total 500,000

2.

Cash -500,000

Land 150,000

Building 250,000

Furniture 100,000

Net income cash flow -500,000 IA

3 0
3 years ago
This assignment requires the application of your understanding of how the federal budget deficit affects economic variables.
SVEN [57.7K]

The  impact of a federal budget deficit on interest rates and the trade balance is that it can bring about the  inflow of foreign financial capital as well as a better exchange rate.

<h3>How can budget deficit have effect on trade balance?</h3>

When there is a stronger exchange rate there will be a little bit difficult for all the  exporters that want to sell their goods to foreign countries,  and at this time the imports will become cheaper.

In this case, trade deficit  will definitely bring about  an inflow of foreign financial capital as well as a good exchange rate.

Learn more about budget deficit on:

brainly.com/question/1083134

#SPJ1

7 0
2 years ago
Other questions:
  • Dinklage Corp. has 6 million shares of common stock outstanding. The current share price is $84, and the book value per share is
    15·1 answer
  • Damian owns a pick-up truck and a motorcycle. He sells the motorcycle to Eden for $10,000. Eden pays for the cycle with a check,
    9·1 answer
  • Saving and loans associations are not subject to federal regulations
    5·1 answer
  • Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 11,400
    6·1 answer
  • Klumper Corporation is a diversified manufacturer of industrial goods. The company’s activity based
    15·1 answer
  • Explain one way an entrepreneur might identify a new business idea
    15·1 answer
  • In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 191.33 million shares outstanding, a market-to-book r
    8·1 answer
  • Whenever significant expansionary policies are implemented and left in place for at least half a year or more, the likely result
    13·2 answers
  • Explain aims of accelerated growth initiative for South Africa​
    9·1 answer
  • Hi! I need help with this
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!