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nadya68 [22]
3 years ago
9

Your parents invested $1000 into an account when you were born. The account has an interest rate of 6% and compounds monthly (12

times per year). Calculate how much the account would be worth on your 20th birthday if no other activity took place.
Business
1 answer:
Gelneren [198K]3 years ago
8 0

Answer:

$3,310.20

Explanation:

The applicable formula in this case is

A = P x ( 1 + r )^ n

Where A= amount after 20 years

P is principle amount= $1000

r is interest rate = 6 % or 0.06 per year: monthly interest = 0.06/12

n is number of periods = 12 months x 20 years

A = $1000 x ( 1 + 0.005) ^240

A = $1000x (1.005) ^ 240

A =$1000 x 3.31020447580

A =$3,310.2044

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marshall27 [118]

Answer:

The first two of these steps are engineered to avoid unnecessary and potentially endless arguments. Someone may not like your reaction. Someone may think you are unjustified in having such a reaction. But only rarely would someone argue that you are not experiencing the feeling you report. Alternatively, anyone can argue ceaselessly about an opinion or judgment. Some even consider it sport. A typical mistake made during the second step is to interpret the meaning of behavior, instead of describing a specific behavior. If you complain that somebody is being "controlling," the object of your complaint may be sincerely dumbfounded, or may endorse their own attempt to "control" you. The importance of the third step is to remind yourself to take responsibility for your own problem. The problem you are seeking to solve is not the other person's behavior, but your feelings about it. They are powerless to determine your emotions. Even if someone did everything you asked of them, you could still decide that it was an insincere effort, or too little too late, and so on. Others are responsible for their behavior, and may change it if they understand the effects it has on those around them. You are responsible for your own feelings, and being assertive is one way to assume that responsibility.

Explanation:

6 0
3 years ago
Read 2 more answers
17 Select the correct answer. Which characteristic best describes organizational buying? A. The market contains huge numbers of
Kryger [21]

Answer:

The market contains huge numbers of buyers.

Explanation:

Organization buying is the process through which formal institutions establish the basis for purchasing products or services. It involves identifying, evaluating, and picking the ideal option from the available brands and suppliers. A typical organization will have a team of skilled workers directly or indirectly involved in the buying process.  Businesses that purpose to maximize profits will go the extra mile to get the best deals on their purchases.

Organization buying will involve the participation of many people.  Common characteristics of organization buying are

  • Several people in the organization influence buying
  • The organizational buyers are qualified professionals in purchasing.
  • A lot of purchasing occurs in direct dealing with producers.
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3 0
3 years ago
Zeus Industries sells satellite television systems. Recently, the company invested heavily in one of the many new technologies a
Elanso [62]

Answer: Filtering

Explanation:

Filtering in communication occurs when information passed on between two bodies is being reduced by the middlemen, where the middlemen are not able to communicate favourable with either party and it affects either of the party, it's called filtering. The inability for the salesperson's to communicate the technical knowledge of the product to the customers which they are being taught during trainings is known as filtering in communication. This causes the business loss as the customers are not able to operate the equipment effectively which the business sells.

6 0
3 years ago
Baa-rated bonds currently yield 6%, while Aa-rated bonds yield 4%. Suppose that due to an increase in the expected inflation rat
ollegr [7]

Answer: The new confidence index is 0.7143

Explanation: Consumer confidence index which is known as the confidence index is an index used for estimating the economy of the U.S, it is published by the conference board which shows the decree of excitement in peoples's activities on their savings and spendings.

To calculate the new confidence index;

STEP1: Add the bond increase to the current bond;

6% + 1% = 7%

4% + 1% = 5%

STEP 2: FIND THE NEW CONFIDENCE INDEX

5% ÷ 7% = 0.7143

The old confidence index can also be calculated as

4% ÷ 6% = 0.6667

8 0
3 years ago
Larance Detailing's cost formula for its materials and supplies is $1,910 per month plus $10 per vehicle. For the month of Novem
gladu [14]

Answer:

$2,420

Explanation:

Calculation to determine what The materials and supplies in the flexible budget for November would be closest to:

Using this formula

Cost = Fixed cost + (Variable cost per unit × q)

Let plug in the formula

Cost= $1,910 + $10 × 51

Cost= $2,420

Therefore The materials and supplies in the flexible budget for November would be closest to:$2,420

4 0
2 years ago
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