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irina1246 [14]
3 years ago
9

You need to accumulate $10,000. To do so, you plan to make deposits of $1,500 per year - with the first payment being made a yea

r from today - into a bank account that pays 9.56% annual interest. Your last deposit will be less than $1,500 if less is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal? Round your answer up to the nearest whole number.
Business
1 answer:
Jet001 [13]3 years ago
7 0

Answer:

5.4 years

Explanation:

Future value is the value of the calculated by compounding a specific present value using a specific discount rate

Payment = $1,500

Rate = 9.56%

Future value = $10,000

We will use the following formula to calculate the numbers of years.

Future Value = Payment x [ ( 1  + r)^n - 1 / r ]

$10,000 = $1,500 x [ ( 1 + 9.56%)^n - 1 / 9.56%

$10,000 x 9.56% / 1,500 = ( 1 + 9.56%)^n - 1

0.6373 +1 = 1.0956^n

1.6373 = 1.0956^n

Log 1.6373 = n log 1.0956

n = log 1.0956 / Log 1.6373

n = 5.4 years

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Answer:

Champion

Explanation:

Based on the information provided within the question the specialized role being mentioned is a certified Six Sigma Champion. Like mentioned in the question this is a professional who has a vast number of years of experience and is very proficient in understanding and applying Six Sigma Methodology, as well as having the authority and resources need to do so.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago
Choose a real or made up example of a company, and describe at least three variable costs the company has.
Eduardwww [97]

Answer:

yoooo

Explanation:

4 0
3 years ago
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Suppose the market for pizzas is unregulated. That is, pizza prices are free to adjust based on the forces of supply and demand.
Ghella [55]

Answer:

The correct word for the blank space is: lower; buyers to offer higher prices.

Explanation:

In a market driven by supply and demand laws, shortages are caused because of excess in demand as a result of lower prices. Thus, that price is lower than the equilibrium price. Besides, if there is a need to push that price to its equilibrium level, sellers will have to increase the price implying buyers will have to offer higher prices.

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3 years ago
Failure of a VITA/TCE volunteer to comply with the Volunteer Standards of Conduct could result in which of the following?a.The v
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Answer:

D: All of the above

Explanation:

D. All of the above may be considered an appropriate action depending on the type of violation and the sponsoring partner’s corrective actions.

Failure to comply with these standards could result in, but is not limited to, the following:

• Your removal from all VITA/TCE Programs;

• Inclusion in the IRS Volunteer Registry to bar future VITA/TCE activity indefinitely;

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7 0
3 years ago
When​ Judy's income increased from ​$200 to ​$240 a​ week, she increased her demand for concert tickets by 20 percent and decrea
aleksley [76]

Answer:

The answer is YED for concert tickets =  20%/ 20% = 1

YED for bus rides = -20% / 20%  = -1

Explanation:

income elasticity of demand (YED) = % change in Quantity demanded / % change in income

% change in income= (240-200) / 200  * 100= 20%

YED for concert tickets =  20%/ 20% = 1

YED for bus rides = -20% / 20%  = -1

The income elasticity of demand for concert tickets and bus rides is  unitary which means the rise in income is proportionate to the increase in the quantity demanded.

4 0
3 years ago
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