2 years ago

WILL GIVE BRAINLIEST HELP ASAP

Business

2 answers:

konstantin123 [22]2 years ago

7 0

Answer:

a and c that's what I think

slava [35]2 years ago

6 0

I’m as confused as you buddy

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Innovators are a critical group of new product adopters because they:

LenKa [72]

What are asking I am confused

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2 years ago

At the end of this month, Les will start saving $200 a month for retirement through his company's retirement plan. His employer

aleksklad [387]

Answer:

Amount per month (A) = $200 + $0.50 x $200 = $300

Interest rate (r) = 8.25% = 0.0825

Number of years (n) = 30 years

No of compounding periods in a year (m) = 12

Future value = ?

FV = A(1 + r/m)nm - 1)

r/m

FV = $300(1 + 0.0825/12)30x12 - 1)

0.0825/12

FV = $300(1 + 0.006875)360 - 1)

0.006875

FV = $300(1.006875)360 - 1)

0.006875

FV = $300 x 1,568.218999

FV = $470,465.70

The correct answer is D

Explanation:

In this case, there is need to apply the formula for future value of an ordinary annuity on the ground that compounding is done monthly. In the formula, monthly deposit (A) is $300, number of years is 30 years and interest rate (r) is divided by 12 because compounding is done on monthly basis. The number of years is also multiplied by the number of times interest is compounded in a year.

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3 years ago

You just turned 35 and have been saving for an around-the-world vacation. You want to take the trip to celebrate your 40th birth

Olegator [25]

Answer:

(a) No, there is a Shortfall = $2,965

(b) $25,202.95

Explanation:

As provided current balance: $15,000

Current return on investment = 8%

Assumed this is compound interest as no amount is withdrawn in between.

Therefore, future value of $1 after 5 years @ 8% compounded per year =

1.469

Value of $15,000 on the date of 40th Birthday = $15,000 $\times$ 1.469 = $22,035

There is a shortfall in the budgeted amount = $25,000 - $22,035 = $2,965

If $500 annual contributions are made in the same account then value shall be:

Value of $15,000 = $22,035

Value of $500 = Value of $1 after 5 years = $6.3359

= $500 $\times$ 6.3359 = $3,167.95

Then total balance in account = $22,035 + $3,167.95 = $25,202.95

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3 years ago

wendy and doug would like to purchase a home. their combined gross monthly income is 4200. how much can they afford for a monthl

dusya [7]

They could do $1,500 a month payment to the renter.

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2 years ago

Linda’s Autoplex performs oil changes on automobiles, light trucks, and sport utility vehicles. She is a profitmaximizing busine

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3 years ago