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Flura [38]
4 years ago
14

You have just made your first $4,500 contribution to your individual retirement account. Assume you earn an annual return of 11.

45 percent and make no additional contributions.
a. What will your account be worth when you retire in 43 years?
b. What if you wait 10 years before contributing?
Business
1 answer:
shusha [124]4 years ago
5 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Investment= $4,500

Interest rate= 11.45%

For both options, we will use the following formula:

FV= PV*(1+i)^n

a. Number of years= 43

FV= 4,500*(1.1145^43)

FV= $476,053.37

b. Number of years= 33

FV= 4,500*(1.1145^33)

FV= $161,010.77

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Answer: a. willingness to learn

Explanation:

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3 years ago
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Suppose that you run the central bank of Fredonia. If you were concerned that monetary surprises may destabilize the economy, yo
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Answer:

Suppose that you run the central bank of Fredonia. If you were concerned that monetary surprises may destabilize the economy, you would use Active/Passive monetary policy. If you believed that unexpected monetary policy could stimulate the economy, you would use Active/Passive monetary policy.

Explanation:

An active monetary policy regularly considers the current economic situation and comes up with policies to regulate it. Many countries use an active monetary policy.  

In the US, the Federal Reserve’s Federal Open Market Committee, the group of people in charge of deciding these policies, meet 8 times a year to decide on policies that stabilize the economy.  

By contrast, Passive monetary policy uses a standard set of rules to regulate the economy. These rules do not change in response to a change in the economy. For example there may be a rule for a 2% increase in interest rates for every 2% increase in Aggregate Output.

4 0
3 years ago
Jake pays the following amounts to his former spouse during the current year: Regular alimony payments $12,000 Child support 10,
Nady [450]

Answer:

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Explanation:

If the divorce occurred before 2020 then the spouse paying the alimony can deduct it from their taxes and the person receiving it has to include it in their income. If the divorce of Jake and his spouse was before 2020, he will be able to include the full $12,000 as a deduction.

In 2020, new regulation came into effect that meant that couples divorcing from thence will not be able to deduct alimony so Jake's deduction would be $0 if they divorced in 2020 and onwards.

5 0
3 years ago
How can communication help to make a business or a company thrive?​
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Answer:

Communication is the key to success. Plan, organize and strategically plan to help the business

Explanation:

Communication helps in

1. Increasing brand familiarity

2. Increasing product awareness

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4 0
3 years ago
Company H345's cost formula for its wages and salaries is $2,280 per month plus $348 per birth. For the month of August, the com
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Answer:

The wages and salaries in the planning budget for August would be closest to: $46,824

Explanation:

The planning Budget is Based on the Actual level of Activity for this question,This is known as <em>flexing</em> the budget.

<u>Calculation of Planning budget for August based on 116 births</u>

Wages and Salaries = $2,280 + $348×116 births

                                 = $46,824

8 0
3 years ago
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