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
insens350 [35]
3 years ago
8

Nan and Neal are twins. Nan invests $5,000 at 7 percent at age 25. Neal invests $5,000 at 7 percent at age 30. Both investments

compound interest annually. Both twins retire at age 60 and neither adds nor withdraws funds prior to retirement. Which statement is correct?
Business
1 answer:
baherus [9]3 years ago
8 0

Answer:

Resulta are below.

Explanation:

Giving the following information:

Nan:

Initial investment= $5,000

Interest rate= 7% compounded annually

Number of years= 60 - 25= 35

Neal:

Initial investment= $5,000

Interest rate= 7% compounded annually

Number of years= 60 - 30= 30

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

FV= PV*(1+i)^n

<u>Nan:</u>

FV= 5,000*(1.07^35)

FV= $53,382.31

<u>Neal:</u>

FV= 5,000*(1.07^30)

FV= $38,061.28

You might be interested in
Liz planned on opening a handmade quilt business in her hometown. However, after completing a/an _______, she decided to start w
Hatshy [7]
Either B or D. A and C do not make sense. I think it is B, but i do not know
5 0
3 years ago
Read 2 more answers
"which term refers to the level of commitment that workers make to an employer?"
user100 [1]

Employee engagement is the term that refers to the level of commitment that workers make to an employer. It also shows that an employee is committed to the company by doing his best to achieve the company’s goal and vision. Also, employee engagement is giving commitment to become loyal to the company, giving ideas to improved the company, and being one with the organization.

3 0
3 years ago
Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2012:
diamong [38]

Answer:

a. $1,765,000

Explanation:

Total stockholder’s equity on December 31, 2013  =  Total equity at end 2012 – amount paid for 3,000 shares were reacquired at $28 per share – amount paid for 3,000 shares were reacquired at $35 per share + amount collect from 1,800 shares of treasury stock were sold at $30 per share + net income of $450,000

=  $1,450,000 – 3,000 * $28 – 3,000 * $35 + 1,8000 *$30 + $450,000 = $1,765,000

4 0
3 years ago
A shift in the demand curve can be caused by a change in one of the determinants of demand.
Dominik [7]

Answer:

A- A change in the technology used by firms.

Explanation:

A change in technology can affect the demand of products and services.  It can lead to the increased demand for a certain product, reducing the demand for an older product.

With the use of technology to upgrade products and services, demand curves will continually shift, according to preferences of customers.

Technology could be used by firms to produce upgrades and newer variations of products at more favorable prices for customers  than existing products. This leads to competition and the demand for the newer device goes up since people see the new product as 'getting more for less'. A good example is computers and tablets. Tablets which could match up with the work of computers were produced at lower prices. This shifted the demand towards tablets, making computers more obsolete.

3 0
3 years ago
Pam exchanges a rental building, which has an adjusted basis of $520,000, for investment land which has a fair market value of $
kompoz [17]

Answer: Option "d" $280000 and $700000.

Explanation:

Option “d” is correct because the recognized gain is $280,000.  Pam exchanges a building that has adjusted worth $520000 for the land which has a value of $700000. Thus, at this point, Pam is making a profit of (700000 - 520000) = $180,000. Moreover, he receives additional cash of $100,000. So, total gain by Pam is $180,000 + $100000 = $280,000. However, the tax basis of land refers to the fair market value at which it was acquired. So, it will be $700000.

8 0
3 years ago
Other questions:
  • Use the following to answer questions 3-8: ​ Number of Workers Total Cost 0 1000 1 2200 2 3200 3 4000 4 4600 5 5000 6 5200 7 560
    5·1 answer
  • A researcher uses a regression equation to predict electric bill costs (in dollars) based on the age of the home (in years). The
    5·1 answer
  • A building was purchased for $66,500. The asset has an expected useful life of eight years and depreciation expense each year is
    7·1 answer
  • Celestin Manufacturing Company incurred $5,000 of depreciation on its manufacturing equipment during its first year of operation
    14·1 answer
  • Frozen Gold is a fast-growing chain of ice cream shops. It has acquired an edge over its competitors through its ability to prov
    13·1 answer
  • Industry value chains Multiple choice question. generally have little effect on the company's cost competitiveness and customer
    5·1 answer
  • 2. What are some reasons the seller was willing to sell the product at this price?​
    6·1 answer
  • Do believe that entrepreneurs are 'born' and not 'made'? Justify your answer.​
    14·1 answer
  • If a conventional loan is at 16% and the VA loan is at 15%, the lender will want to charge how many points to increase the yield
    14·1 answer
  • Material requirements plus an allowance for normal inefficiencies are added together to determine the.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!