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Alenkinab [10]
3 years ago
7

Alec, Daniel, William, and Stephen decide today to save for retirement. Each person wants to retire by age 70 and puts $9, 200 i

nto an account earning 9% compounded annually. (EV of $1, PV of $1, EVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Required: Calculate how much each person will have accumulated by the age of 70.

Business
2 answers:
shepuryov [24]3 years ago
6 0

Find the attachment for complete question and its solution.

mamaluj [8]3 years ago
3 0

Answer:

Each person will have accumulated $383,3916.7

Explanation:

The amount to have been accumulated will be equal to the future value of the

the 9,200 deposited at the rate of 9% per annum.

FV = A× (1+r)^n

A- amount deposited - 9,200, r- rate =9%, n-number of years - 70

FV = 9,200× (1.09)^70

FV = $383,3916.7

Each person will have accumulated $383,3916.7

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3 years ago
During the ____ , deliverables are accepted by the sponsoring organization or client, and historical information is transferred
Sergeeva-Olga [200]

It is during the Closeout that deliverables that are sponsored by an organization become accepted.

<h3>What Is Closeout?</h3>

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8 0
2 years ago
Mercury Industries currently has 300,000 shares of stock outstanding that sell for $75 per share. Assuming no market imperfectio
Softa [21]

Answer:

$45

Explanation:

Calculation for Mercury Industries share price after Mercury implements a 5-for-3 stock split

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Hence,

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6 0
3 years ago
What is not one of seven mistakes to avoid when managing​ processes?
Afina-wow [57]

Answer:

bankruptcy

Explanation:

7 0
3 years ago
California last summer was devastated by wildfires that have now created mudslides with the winter rain. This winter highway 1 w
arsen [322]

Answer:

This will create shortage and people will sell milk in black market at higher price.

Explanation:

Wildfires and mudslides have closed the highways. This created greater demand and short supply.  

The equilibrium price increased to $7.  

But the government imposed a price ceiling of $4.  

At this binding price ceiling, the quantity demanded is more than quantity supplied.  

This high demand would cause the suppliers to sell milk in the black market at a higher price.

6 0
3 years ago
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