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
lbvjy [14]
3 years ago
12

Dominic is going to invest in an account paying an interest rate of 4.6% compounded continuously. How much would Dominic need to

invest, to the nearest dollar, for the value of the account to reach $84,000 in 5 years
Business
2 answers:
insens350 [35]3 years ago
7 0

Answer: $66,740.82

Explanation:

Formula to find the accumulated amount if compounded continuously :

A=Pe^{rt}, where P= principal invest

t = time

r= rate of interest.

Given : A= $84,000 , r= 4.6% = 0.046 ,  t=5 years

84000=P e^{0.046\times5}\\\\\Rightarrow\ 84000=P (1.2586)\\\\\Rightarrow\ P=\dfrac{84000}{1.2586}\approx66740.82

Hence, the amount need to invest = $66,740.82

Ksivusya [100]3 years ago
4 0

Answer: 66741

Explanation:

You might be interested in
As an investment vehicle, and regarding the tax consequences, real estate investment trusts (reits) are organized as:____.
Fed [463]

As an investment vehicle, and regarding the tax consequences, real estate investment trusts (REITs) are organized as REITs.

As the name suggests, REITs are organized as trusts. The assets held in the trust and the distributions made can affect the tax consequences of the trust. As an investment vehicle, shares are sold to investors and these shares may trade on stock exchanges.

Real estate investment trusts (REITs) are securities that own and, in most cases, manage income-generating real estate or related assets that trade like stocks on major stock exchanges. Many REITs are registered with the SEC and listed on exchanges.

Learn more about real state investment here: brainly.com/question/1534216

#SPJ4

8 0
2 years ago
Mr. Zee worked 48 hours during the week ended January 18, 2019. He is paid $12 per hour and is paid time and a half for all hour
lapo4ka [179]

Answer:

=$524.81

Explanation:

Net pay = Earning -taxation

Calculating net pay: hour pay x hours worked

 = $12 x 40

 = $ 480

overtime pay =12 +(50/100x12)x 8

  =(12+6)x8

  =144

total earnings = $144+$ 480= $624

less deduction

social and medicare rate = 7.65 percent

federal and state unemployment rate =0.6 +3.8%

total deduction = 7.65 +O.6 + 3.8= 12.05 %

Actual deduction =12.05/100 x 624= 75.19

Net pay = $624- $75.19

 =$524.81

   

8 0
3 years ago
Melba receives most of her income from wages from her job as a high school teacher. She also receives supplemental income from f
kiruha [24]

Send a notarised letter to her employer requesting that they withhold additional amounts from her pay each month.

Option C

Explanation:

A certificate approved by a notary public is a notarised text. The notary public is a public officer who confirms the identity of everyone who signs the document, observes the signatures and seals the document.

If at the flat rate or the low marital rate they withhold.

Many deductions are claimed: any gain they claim decreases the amount deducted. In the case of a further refund: you will petition for a further amount of each paycheck that is withheld.

5 0
3 years ago
The sources of quantitative standards include
8_murik_8 [283]

Answer:

B

Explanation:

The sources of quantitative standards include historical experience, engineering studies, and input from operating personnel.

3 0
3 years ago
People who use white hat SEO tactics try to trick the search engine into thinking a website has high-quality content, when in fa
kiruha [24]

Answer:

False

Explanation:

White hat SEO is also called simply SEO and it is the practice of improving content of a website using approved Google search engine optimisation techniques.

Search engine optimisation is the process by which content of a website are made to be of high quality. Search engines rank web content based on how relevant they are to the enquiry made.

The more relevant the content the higher it ranks on search engines.

However black hat SEO techniques are used to fool search engines into thinking the content is of high quality. Practices such as keyword stuffing is a black hat technique which is penalised by Google.

3 0
3 years ago
Other questions:
  • When can ScreenTips be useful?
    6·1 answer
  • Terra Company has two divisions, the Retail Division and the Wholesale Division. The following information was gathered for the
    8·1 answer
  • Suppose the large number of bike accidents in a small town results in new legislation that requires all citizens of the town to
    10·1 answer
  • Heidi comes from an upper-middle-class family, and after high school she went through a period of exploration. She spent some ti
    8·1 answer
  • The supplies inventory on August 1, 2017 was $9,350. Supplies costing $24,150 were acquired during the year and charged to the s
    13·1 answer
  • A company uses proprietary computer software to offer services that other companies have not been able to emulate. These service
    12·1 answer
  • If a treasury note has a bid price of $996.25, the quoted bid price in the wall street journal would be _________. none of the o
    9·1 answer
  • Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items a
    14·1 answer
  • If $2,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
    7·1 answer
  • Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations. Enter your answers as a pe
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!