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
marissa [1.9K]
2 years ago
8

You expect to receive a payout from a trust fund in 3 years. The payout will be for $10,200. You plan to invest the money at an

annual rate of 6.2 percent until the account is worth $17,800. How many years do you have to wait from today
Business
1 answer:
solong [7]2 years ago
7 0

Answer:

n= 12.25 years

Explanation:

Giving the following information:

Present value= $10,200

Future value= $17,800

Interest rate= 6.2%

<u>First, we need to calculate the number of years it will take the investment to reach $17,80. We need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(17,800/10,200) / ln(1.062)

n= 9.25 years

<u>Now, the total number of years:</u>

n= 9.25 + 3

n= 12.25 years

You might be interested in
A stadium brings in $16.25 million per year. it pays football-related expenses of $13.5 million and stadium expenses of $2.7 mil
Gala2k [10]
<span>Answer: Profit margin is calculated as- Profit margin = Net profit / Revenue Net profit= Revenue- Cost Revenue = $16.25 million Cost = $13.5 million + $2.7 million Net profit = 16.25 million - (13.5 million + 2.7 million) Net profit = $0.05 million Profit margin = 0.05 / 16.25 Profit margin = 0.003077 or 0.3077%</span>
3 0
3 years ago
Although entrepreneurs expect to succeed, they must be realistic and recognize that they are taking a(n) because many small busi
Harlamova29_29 [7]

Entrepreneurs take risks because they may lose time and money despite their high expectation of success.

<h3>Who is an entrepreneur?</h3>

An entrepreneur is an individual who starts a business.  Entrepreneurs are known for their passion to achieve business success.  They enjoy the gains from their success and may risk losing their time and money in the process.

Thus, as the entrepreneurs expect to succeed, they must be realistic, recognizing that they are taking a risk.

Learn more about entrepreneurs at brainly.com/question/353543

8 0
2 years ago
In the us economy the money supply is controlled by the
Evgesh-ka [11]
The money supply is controlled by the Government. Its spending or changing taxes.

Hope this helped. Have a great day! :D
5 0
3 years ago
The market rate of interest​ ________.
Anit [1.1K]

Answer:

The answer is: A) affects the amount of cash interest the borrower pays each year

Explanation:

The market interest rate is the rate that investors demand to earn for lending their money. It affects the interest rate of every type of loan (including the stated interest rate of bonds, car loans, credit cards, etc.) because when it increases (because investors want to earn more money), the general level of interest rate for loans also increases.

3 0
2 years ago
The postponement of a project until conditions are more favorable: I. is a valuable option. II. is referred to as the option to
Bezzdna [24]

Answer:

The postponement of a project until conditions are more favorable:

III. could cause a negative net present value project to become a positive net present value project.

Explanation:

With the favorable project conditions, the negative NPV will be revised to a positive NPV because the positive conditions will ensure the generation of positive cash inflows.  The result is that the project will be assessed as acceptable since the net present value will become positive.  Generally, favorable project conditions create outcomes that are positive for the cash flows, thereby generating more positive cash inflows and reducing the impact of cash outflows.

8 0
2 years ago
Other questions:
  • Ruth gives Seth a computer as a gift. Using the computer, Seth develops a new game, for which he obtains intellectual property p
    8·1 answer
  • A market has four individuals, each considering buying a grill. Assume that grills come in only one size and model. Martina cons
    15·1 answer
  • Felicia knits scarves and sells them to her friends. The first week, she knits four scarves and sells three for $50 each. The ne
    15·2 answers
  • You decide to start your own business as a professional corporation. You purchase an office building for $35,000 from your mothe
    9·1 answer
  • Who is pressuring Mr. Patil to
    9·1 answer
  • Clampett, Incorporated, has been an S corporation since its inception. On July 15, 2021, Clampett, Incorporated, distributed $42
    11·1 answer
  • Without the Gramm-Leach-Bliley Act, Bank of America would more than likely _____.
    5·1 answer
  • Please subscribe to my mom channel I need 300 subscribe https://youtu.be/Ia_ypqRUrm4
    12·1 answer
  • How is economy affected by wise consumers?​
    15·1 answer
  • During the Pre-Sales stage, the Technical Solution could include a mock up of which of the following?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!