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
ollegr [7]
3 years ago
9

You can save $1,000 per year for the next six years in an account earning 10 percent per year. How much will you have at the end

of the sixth year if you make the first deposit today?
Business
1 answer:
kicyunya [14]3 years ago
8 0

Answer:

At the end of the sixth year, you will have:

= $8,487.17.

Explanation:

a) Data and Calculations:

Annual savings = $1,000

Interest rate per year = 10%

Period of savings = 6 years

First deposit = today

From an online financial calculator:

N (# of periods)  6

I/Y (Interest per year)  10

PV (Present Value)  0

PMT (Periodic Payment)  1000

 

Results

FV = $8,487.17

Sum of all periodic payments $6,000.00

Total Interest $2,487.17

You might be interested in
When the laptop market overtook the desktop market, blue tech inc., a leader in desktop technology, was left at a competitive di
Sedaia [141]

In this scenario, Blue Tech Inc.'s failure can be best attributed to <u>"Time compression diseconomies."</u>


We accept time compression diseconomies where the snappier a firm builds up the asset, the higher the improvement cost. We demonstrate that time compression diseconomies normally offer ascent to asset heterogeneity and henceforth upper hand in that one firm builds up the asset quicker than the other. We evaluate the supportability of the upper hand, determine conditions  

under which the asset is "incomparable" and demonstrate that firm benefits are nonmonotonic in the degree of time compression  diseconomies.

5 0
3 years ago
The feed that Luca exports from his point of sale system needs some cleanup before it will be accepted by Google Merchant Center
Reil [10]

Answer: To meet the requirements, he needs to constantly change product state to condition in his exported feed. The best way to do this each time: <u><em>Submit his feed without changing it, and then use feed rules to automatically change product state to condition.</em></u>

<u><em></em></u>

<u><em>Therefore, the best option in this case is (a)</em></u>

3 0
3 years ago
What should you do 10 to 15 minutes before a webinar begins?
goblinko [34]
Go to the bathroom, get a glass of water and review you topics.
8 0
3 years ago
Which principle of design is used to make one element of a design stand out?
Olegator [25]
B is the correct answer.
5 0
3 years ago
Read 2 more answers
Accents Associates sells only one product, with a current selling price of $150 per unit. Variable costs are 30% of this selling
Ksju [112]

Answer:

$65,333

Explanation:

As we know,

Sales price = Variable cost + Contribution cost

Sales price = Variable cost ratio + Contribution margin ratio

100% = 30% + Contribution

Contribution = 100% - 30%

Contribution = 70%

Fixed cost = $19,600

Break even sales = Fixed cost / Contribution margin ratio

Break even sales = $19,600 / 30%

Break even sales = $19,600 / 0.3

Break even sales = $65,333.

8 0
3 years ago
Other questions:
  • Which one is not a capital good?
    15·1 answer
  • Jermaine lives in a world where the nominal interest rate is 3% and the inflation rate is 1%. today, jermaine has $200, with whi
    14·1 answer
  • Which graph shows the relationship between the aggregate price level and the aggregate quantity supplied over time?
    5·1 answer
  • A copyright registered on or after January 1, 1978 lasts how long?
    8·1 answer
  • Suppose that you discover in your attic an overdue library book on which your grandfather owed a fine of 30 cents 100 years ago.
    15·1 answer
  • If textbooks and study guides are complements, then an increase in the price of textbooks will result in
    14·1 answer
  • Starting at ttt_1 = 0 ss , a horizontal net force F⃗ =(F→=( 0.265 N/sN/s )ti^+)ti^+(-0.460 N/s2N/s2 )t2j^)t2j^ is applied to a b
    15·1 answer
  • GDP per person tells us the income and expenditure of the a. richest person in the economy. b. poorest person in the economy. c.
    14·1 answer
  • During the past year, a company had cash flow to stockholders, an operating cash flow, and net capital spending of $16,497, $40,
    6·1 answer
  • Consumer surplus is the difference between the ___ price a consumer is willing to pay for a product and the price paid.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!