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
Rufina [12.5K]
3 years ago
11

Calculate how much you would have in 25 years if you saved $3,000 a year at an annual rate of 9 percent with the company contrib

uting $750 a year. Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to the nearest whole dollar.)Future value $
Business
1 answer:
BaLLatris [955]3 years ago
8 0

Answer:

the amount have in 25 years is $317,628

Explanation:

The computation of the amount have in 25 years is shown below:

PMT = Payment saved per year

= $3,000 + $750

= $3,750.00

N = Periods of payment = 25 years

R = Rate = 9%

Now the formula is

FV = (PMT × ((1 + R)^N-1) ÷ (R)  

= $3,750 × ((1 + 9%)^25-1) ÷ (9%)

= $317,628

Hence, the amount have in 25 years is $317,628

You might be interested in
Compare revolving credit and closed-end credit.
jolli1 [7]

The lender and borrower agree to the amount borrowed, the loan amount, the interest rate and the monthly payment, which depend on the borrower's credit rating.Generally, real estate and auto loans are closed-end credit, but home-equity lines of credit and credit cards are revolving lines of credit or open-end.

5 0
3 years ago
The use of short-term incentives to encourage the purchase or sale of a product or service is called ________.
leva [86]

The use of short-term incentives to encourage the purchase or sale of a product or service is called sales promotion.

Sales promotion can be defined as the strategy of using annual incentives to attract customers so as to increase the sales of goods and services.

Most companies make use of sales promotion to increase their sales in  order to generate more revenue as well as to promote their products.

Sales promotion is important as it enables companies to advertise their products or to create products awareness to customers.

Inconclusion the use of short-term incentives to encourage the purchase or sale of a product or service is called sales promotion.

Learn more about sales promotion <em>here:brainly.com/question/13975307</em>

7 0
2 years ago
You manage the worksheet shown below and it contains information for the company's 1500 employees,
marshall27 [118]

The best way for you to create the list of those who make more than $45000 a year and are full time is by using the filter option.

The filter option would be used to highlight the people that are in full employment. After this you have to use the sort to check the compensation column in order to establish those that make more than 45000.

The filter in a spreadsheet helps to put data in a particular category then arrange them based on the criteria that you selected.

The sorting method helps to arrange data based on ascending order or descending order.

Read more on brainly.com/question/15358155?referrer=searchResults

5 0
3 years ago
Read 2 more answers
If your sevis record is terminated for unauthorized withdrawal or failure to enroll. How long can you remain in the u. S. ?.
atroni [7]

Students terminated for Authorized early withdrawal have 15 days to depart.

<h3>What is Students terminated?</h3>

A record that has been canceled in the Student and Exchange Visitor Information System (SEVIS) may indicate that the nonimmigrant no longer has F or M status. F-1/M-1 students and/or F-2/M-2 dependents who do not maintain their status are typically terminated by designated school officials (DSOs).

With an expired I-20, you will be unable to reenter the United States. All working privileges have been revoked. Any type of employment after the specified termination date is prohibited. Employers who hire an illegal worker may face serious sanctions.

If the DSO does not enroll the student within 90 days of the Next session start date, the system automatically terminates the record. When a student fails to reenroll after the enrollment deadline for the term has passed.

To know more about Students terminated follow the link:

brainly.com/question/24360512

#SPJ4

8 0
2 years ago
On december 31, 2015, wintergreen, inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. complete the necessary
RideAnS [48]

<u>Journal entry for the issuance of Bonds:</u>

It is given that on December 31, 2015, wintergreen, inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. That means the proceeds from issue of these bonds are 150,000*93.25/100 = $139,875 and the discount on issue of bonds shall be = 150,000-139875 = $10,125.

The Journal entry for the issuance of Bonds shall be as follows:

December 31, 2015

<u>Account Titles </u>    <u>Debit</u>   <u>Credit</u>

Cash             $139,875

Discount on Bonds Payable  $10,125

Bonds Payable              $150,000

(Being bonds issued on discount)


6 0
3 years ago
Other questions:
  • __________ is a specialized accounting book, where transactions are categorized according to type. for example, all utility tran
    11·2 answers
  • Obtain the linear trend equation for the following data on new checking accounts at Fair Savings Bank and use it to predict expe
    11·1 answer
  • The reason polygamy occurs relatively infrequently is that: select one:
    11·1 answer
  • A home comparable to yours in your neighborhood sold last week for $75,000. Your home has a $60,000 assumable 8% mortgage (compo
    8·1 answer
  • Penelope, a sales representative for ADT Security Services, is meeting with Oliver and Gina Kim to discuss installing a security
    9·1 answer
  • Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2016. The accounting cycle for Kelly Consulting for Ap
    7·1 answer
  • Here is me ik im ugly but im getting my hair cut so a boy cut any ideas
    14·2 answers
  • What is the relationship between interest rates and aggregate spending?
    15·2 answers
  • Assume that Partners A and B each report a Capital Account of $500,000. Partner C wants to join the partnership as an equal one-
    14·1 answer
  • a stock has a beta of .95, the expected return on the market is 21 percent, and the risk-free rate is 4.00 percent. what must th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!