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Oxana [17]
3 years ago
5

Noma plans to save $3,400 per year for the next 35 years. If she can earn an annual interest rate of 9.2 percent, how much will

she have in 35 years? a) $716,300.24 b) $119,000.00c) $767,464.54 d) $83807128 e) $734,09652
Business
1 answer:
maksim [4K]3 years ago
3 0

Answer:

c) $767,464.54

Explanation:

The computation of the future value of an annuity is shown below:

As we know that

Future value of annuity F =  Payment made × ((1 + rate of interest)^t - 1) ÷ r ate of interest

= $3,400 × (1.092^35 - 1) ÷ 0.092

= $3,400 × 225.7249

= $767,464.54

Hence, the future value of an annuity is $767,464.54

Therefore the correct option is c.

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Answer:

All of the above

Explanation:

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Damaris is a member of AASA. What did she most likely learn from a meeting she recently went to?
Temka [501]

Answer: B. there is a conference for school principals coming to town.  I hope this  helps everyone :)

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4 years ago
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XYZ Co. is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121,000 and 10
stira [4]

Answer:

the predetermined overhead rate is $12.10

Explanation:

The computation of the predetermined overhead rate is shown below:

The Predetermined overhead rate is

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= ($121,000 ÷ 10,000)

= $12.10

hence, the predetermined overhead rate is $12.10

6 0
3 years ago
A ______ is different from a sole proprietorship because it is legally defined as an entity that is separate from its owners.
olga_2 [115]
Corporation goes in the blank
7 0
3 years ago
To arrive at net cash provided by operating activities, it is necessary to report revenues and expenses on a cash basis. This is
erma4kov [3.2K]

Answer: C) eliminating the effects of income statement transactions that did not result in a corresponding increase or decrease in cash

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The income statement comprises of entries that are not cash based in nature but help in the computation of taxes amongst other things such as depreciation and amortization.

When calculating net cash provided from operating activities therefore the income calculated should be adjusted for any expenses or revenue that are not cash based in nature and so will not result in a corresponding increase or decrease in cash.

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