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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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The striking dock workers on the west coast refused to unload the ships carrying merchandise for retail stores. These stores suf
son4ous [18]

Answer:

indirect loss, cannot be

Explanation:

Indirect losses refers to a type of loss that incurred outside of circumstances that usually occur in normal operation. (such as loss because the government created a certain type of law or loss because people are conducting strikes on other areas of our business)

Insurance companies can't cover Indirect losses because these costs tend to be really unpredictable and extremely hard to be measured .  They will specify that they wouldn't cover these types of loss during the initial cotnract.

4 0
3 years ago
On October 1, year 1, Kirby Corp. purchased equipment for $100,000. The equipment has a useful life of 5 years with no residual
NNADVOKAT [17]

Answer:

5000 partial depreciation

Explanation:

straight line formula is = <u>cost  - scrape value</u>

                                          useful life in years

since there is no residual value (scrape value) therefore, we divide <u>100,000 </u>

                                                                                                                     5        

the answer we get 20000 per year depreciation. but the equipment is bought on 1st oct, and if assume that the year ends on Dec, 31 so  it is measure for 3 month depreciation which is 5000.                                                                                                                                                                                                                                                                                            

4 0
3 years ago
To prepare for a trial between SmartPhones, Inc., and TechApps Company, TechApps' attorney places SmartPhones' chief executive o
katrin [286]

Answer:

A deposition

Explanation:

Deposition is the term under the law of the US (United States), which is defined as it involve the taking of sworn, oral testimony in the out of court, to witness that it might reduce to a transcript which is written for the later use in the court or for the motive or the purpose of the discovery.

Therefore, a deposition is required to prepare for the trial among the companies so that the court official make a record of the questions of the attorney and the answers of the CEO.

5 0
3 years ago
When making investments, your primary motivation should be:
alexira [117]

When making an investment, the primary goal of every investor is to make money. Investing is an activity undergone by any individual called investor to gain profit. Profit is the amount of money the investor can earn out of his/her investment. The primary goal of every investor is profit.

7 0
3 years ago
Whenever Jane is successful she takes full credit for what has happened, but whenever she is unsuccessful she attributes her fai
Nat2105 [25]

Answer:

The correct answer is E) self-serving bias.

Explanation:

Self-service bias, or bias due to personal interest, appears when people request responsibility with greater interest for their own successes than for their own failures or failures. It also manifests itself when people tend to evaluate ambiguous information in a way that benefits their own interests. Dale Miller and Michael Ross were the first to suggest this attributional bias. Self-service also arises as a result of statistical bias as a result of people thinking, due to their self-esteem, that in certain areas it is better than average. For example: most drivers think they drive better than average.

5 0
3 years ago
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