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
hodyreva [135]
3 years ago
14

You are now 20 years of age and decide to save $100 at the end of each month until you are 65. If the interest rate is 9.2%, how

much money will you have when you are 65?
Business
1 answer:
anyanavicka [17]3 years ago
5 0

Answer:

FV= $804,326.91

Explanation:

Giving the following information:

Monthly deposit (A)= $100

Interest rate (i)= 0.092/12= 0.0077

Number of periods= 45*12= 540 months

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {100*[(1.0077^540) - 1]} / 0.0077

FV= $804,326.91

You might be interested in
Lease Plan Effectively Manages Diversity
mylen [45]

Answer:

Lease Plan

1) The trend in gender diversity that appears to be most supported by the outcomes of Lease Plan's program changes is:

Increases in seats on boards of directors—in Fortune 550 firms up to 16.6 percent in 2013 from only 9.6 percent in 1995.

2. Thomas's generic action options for managing diversity that is most illustrated in the case is:

include/exclude

3. Based on the information in the case, the barriers and challenges to managing diversity that were identified in the text that appear to have been present at Lease Plan were:

a. an unsupportive or hostile work environment

b. inaccurate stereotypes

Explanation:

Thomas's include and exclude generic action option emphasizes that more diverse employees should be employed in addition to minority-owned companies being used as vendors.  This option makes it possible for embracing and practicing workplace diversity.  It creates an open-minded and supportive workplace, encouraging the sharing of information and the integration of behavior to accept and value human differences, thereby overcoming stereotypes.

6 0
3 years ago
Which fish family have ability to chnge color​
Len [333]
1) cutllefish (Sepia officinalis)
2) Solea solea
3) Metasepia pfefferi
4) Platichthys flesus

Many fish change colors, including several species of gobies and groupers. Color changes may be initiated by changes in mood, temperature, and stress in addition to visible changes in the local environment.
Flounder e.g. Hippoglossina oblonga
Syngnathidae (including seahorses)

i don't know the exact answer :(

8 0
3 years ago
When McDonald's and other fast food restaurants offer "value menu" items at surprisingly low prices, they are most likely using
photoshop1234 [79]

Answer:

Good value, is the right answer.

Explanation:

The given blank will be filled by “good value” because when a restaurant charges or offer a value menu it means that it is just making a minimum profit in order to attract the customers. However, charging a lower price which makes minimum profit results in the good value pricing process. Additionally, good value pricing is a technique to increase their sales.

7 0
3 years ago
What is in dynamic equilibrium ??????? I need it for my physical education exam​
choli [55]

Answer:

A dynamic equilibrium is a chemical equilibrium between a forward reaction and the reverse reaction where the rate of the reactions are equal.

Explanation:

8 0
3 years ago
When a company uses the allowance method to measure bad​ debts, ________.
Phoenix [80]
<span>When a company uses the allowance method to measure bad​ debts, </span><span>the amount of bad debts expense is estimated at the end of the accounting period. 

The allowance method is used when adjusting accounts receivable on the balance sheet. This refers to amounts that have not been collected yet, such as bad debt.
</span>
6 0
3 years ago
Other questions:
  • __________ implements a security policy that specifies who or what may have access to each specific system resource and the type
    15·1 answer
  • Historical data shows that during the recession of 1990–1991, the natural rate of unemployment was about 5.9% while the actual u
    11·2 answers
  • How can you ensure that you do not get lost on your way to your interview or arrive late? (Site 1)
    13·2 answers
  • Which of the following is an important principle for effectively interacting with the audience during presentations? Multiple Ch
    12·1 answer
  • What do student do in CTSO name one example
    15·1 answer
  • Hank has a 32% marginal tax rate and has already recognized a STCL of $8,000 and a L TCG of $5,000, both due to the sale of stoc
    15·1 answer
  • Tim received a letter from his state college stating that he had been expelled from the school. The letter stated his finance pr
    5·1 answer
  • Fractional reserve lending"" what does this mean.
    7·1 answer
  • A s.w.o.t. analysis includes? opportunities. threats. all of these are included in a s.w.o.t analysis. strengths. weaknesses.
    14·1 answer
  • An investment adviser would be considered to have custody of client funds if it:___.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!