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
Citrus2011 [14]
3 years ago
12

You have just made your first $5,500 contribution to your retirement account. Assume you earn a return of 10 percent per year an

d make no additional contributions. a.What will your account be worth when you retire in 45 years
Business
1 answer:
Novosadov [1.4K]3 years ago
4 0

Answer:

$400,897.66

Explanation:

Assuming that no further contributions will be made and that interest is compounded annually, the expression that describes the future value of a principal amount 'P', deposited at an annual rate 'r', for a period of 'n' years is:

FV = P*(1+r)^n

For a 45-year $5,500 investment at a rate of 10% per year, the future value is:

FV = 5,500*(1+0.10)^45\\FV=\$400,897.66

The account will be worth $400,897.66 when you retire.

You might be interested in
In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0.75, net taxes are fixed at 40, plan
alina1380 [7]

Answer:

B) 1,160.

Explanation:

First we must calculate planned aggregate expenditures (PAE) and then determine where Y = PAE:

PAE = consumption + planned investment + government spending + net exports = 100  + 0.75(Y - 40) + 50 + 150 +20 = 100 + 0.75Y - 30 + 50 + 150 + 20 = 290 + 0.75Y

Now we must determine where Y and PAE intercept:

Y = 290 + 0.75Y

Y - 0.75Y = 290

0.25Y = 290

Y = 290 / 0.25 = 1,160

*Planned aggregate expenditure = total planned spending, it differs from GDP because GDP includes unplanned investment.

PAE = C + Ip + G + NX   while  GDP = C + I + G + NX

5 0
3 years ago
those people who own the mode of production are typically of than laborers. group of answer choices a lower class the same class
hoa [83]

Those people who own the mode of production are typically of higher class than laborers.

In the Marxist theory of historical materialism, a mode of production refers to a specific combination of the productive forces, which tend to  include the human labour power, and another one is the social and technical relations of production.

So, here Marx says that a person's productive ability and his participation in  the social relations are known to be the two essential characteristics of social reproduction. Thus, those people who tend to own the mode of production are typically of the higher class than the laborers.

Hence, option C is correct.

To learn more about the mode of production here:

brainly.com/question/29320253

#SPJ4

3 0
1 year ago
Which of the following statements explains the relationship between Social Security and Medicare taxes?
Usimov [2.4K]
The best and most correct answer among the choices provided by your question is the fourth choice or letter D.

The statement "<span>Social Security is applied to all wages up to the maximum taxable earnings. Medicare is applied to all wages without limit." best </span><span>explains the relationship between Social Security and Medicare taxes.</span>

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
7 0
3 years ago
Read 2 more answers
If a worksite includes more than one set of management and workers, who should have access to the information, training, and con
VashaNatasha [74]

Answer:

Every worker and manager per set of management within the worksite

Explanation:

In such a situation, all workers and managers should have access to the information, training, and controls needed to avoid workplace accidents. Since the possibility of one occurring is a common risk to all, being appropriately trained on right precautions and procedures is important to both managers and employees. They will know how to administer first aid and even perform CPR at workplace.

7 0
3 years ago
An individual involved in the communication process
BabaBlast [244]

Interpersonal communication

4 0
3 years ago
Other questions:
  • Since your first​ birthday, your grandparents have been depositing $ 1 comma 000 into a savings account on every one of your bir
    5·1 answer
  • How to calculate marginal tax rate effective tax rate and average ​
    15·1 answer
  • Grossnickle Corporation issued 20-year, noncallable, 7.5% annualcouponbonds at their par value of $1,000 one year ago. Today, th
    10·1 answer
  • Professor Shethinks Shesverybusy needs to allocate time this week for office appointments, so she needs to forecast the number o
    8·1 answer
  • Which of the following does not describe a trial balance? a. Proves that all transactions have been recorded b. Proves the mathe
    15·1 answer
  • The ________ type of recruitment strategy uses physical and/or psychological pressure on potential members and threatens that ei
    7·1 answer
  • Love It Industries manufactures​ custom-designed playground equipment for schools and city parks. Love It expected to incur $ 78
    6·1 answer
  • An economic system that allows indivduals to pursue their own interests without undue
    7·1 answer
  • Several years ago, the City of Russell issued $7 million of 6 percent serial bonds at 101. Principal payments of $350,000 are du
    9·1 answer
  • Hargrave professional group performs legal services on account. what is the effect of this transaction on the balance sheet equa
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!