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Alina [70]
3 years ago
8

You have $25,832.81 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until y

our account totals $210,000. You expect to earn 10% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.
Business
1 answer:
saw5 [17]3 years ago
6 0

Answer: 14 years

Explanation:

The question states that an individual has $25,832.81 in a brokerage account, and plan to deposit an additional $4,000 at the end of every future year until the money in the account totals $210,000 and it's expected to earn 10% annually on the account.

To know the number of years that it'll take to reach the goal, we'll solve this in Excel as:

= =NPER (10%,-4000,-25832.81, 210000).

= 14 years

Therefore, it'll take 14 years to reach the goal.

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Jason and Hernando both decided to invest in the same company. Jason expects to be paid back in full for his investment plus som
antoniya [11.8K]

Answer:

Jason investment - debt security

Hernando investment - equity security

Explanation:

By using the information, we get to know that Jason expected that full investment would be paid back along with some interest which means he is dealing in debt security which includes the loan plus interest part.  

Whereas, Hernando expected that dividend is received on that amount which he is invested which means that he is dealing in equity security.  

The equity security involves stock in equity security whereas loan or bond is a debt security

4 0
4 years ago
You interview with an athletic footwear manufacturer that has annual advertising expenditures of $32 million and total sales rev
son4ous [18]

Answer:

elastic.

Explanation:

The advertising elasticity of demand measures how sensitive a market and sales are to marketing expenses. Advertising elasticity is calculated by dividing the change in quantity demanded by the percentage change in advertising expenses. Generally products with low advertising elasticity tend to have elastic demands.

8 0
3 years ago
New York City Police recommended steps the bank could take to deter robberies, including the installation of plastic barriers ca
liq [111]
The answer to this question is c <span>The banks must have weighed the cost of installing bandit barriers against the benefits and
decided that they have “no interest in ever putting in the barriers.”

Hope this helps!!
</span>
8 0
3 years ago
Is the manager of eskom actively involved in decisions of the businesss
solniwko [45]

The manger of the Eskom Company actively take part in decisions of the business.

Option B is correct

<h3>Who is a manager?</h3>

A manager is a individual who controls and regulates the business activities of all the employees. It could be appointed for every department in the organization.

  • Eskom is the company in the country of South Africa that provides the electricity to the nation. The government of South Africa mainly has the most of the control of that company as one of its shareowner.
  • It is basically involved in services provided by the central government to the citizens of Africa. The managers are engaged in the decisions taken by the business.

Therefore, the provided statement is true.

Learn more about the manager in the related link:

brainly.com/question/28017308

#SPJ1

<u>Question's missing part:</u>

The options are given as follows:

A) False

B) True

3 0
2 years ago
Why would a free market never operate at a quantity greater than the equilibrium quantity? Hint: What would be required for a tr
Volgvan

Answer:

This is because in a free market, the prices of goods and services are determined by market forces, and the price mechanism will always keep the market at equilibrium.

Explanation:

The free market is a market without government intervention, equilibrium price and quantity are determined by the interaction of the market forces, also called price mechanism , which Adams Smith referred to as the invisible hands in the market.

The free market cannot operate outside the equilibrium because, the market forces will always keep the market towards equilibrium. Even if equilibrium is distorted, as a result of any shock, the market forces will bring the market towards equilibrium all things being equal, except there is market failure.

a free market is a market in which prices of goods and services are set by demand and supply and are allowed to reach their point of equilibrium without government intervention

3 0
4 years ago
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