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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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A 2,000-kg test car, traveling 60 m/s hits a brick wall. Using motion pictures, the time involved is determined to be 0.050 s. W
julia-pushkina [17]
Impulse= Δvm
=2000(60-0)
=120000Ns
6 0
3 years ago
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Marla often critiques team ideas and thinks her boss could do a better job of leading. However, she rarely ever helps on the lar
anastassius [24]

Answer:

Marla is an alienated and toxic type of follower.

Explanation:

Marla is clearly an alienated follower because she distances herself from the organization.  As an alienated follower, she is disengaged from her organization and tasks. In addition, she is skeptical, cynical, and too critical.  She does not support her team on any project.  Instead, she delights in castigating the leadership.  She can negatively influence others, dampening team spirit.

5 0
3 years ago
Using the supply and demand for loanable funds model, explain why the central bank may aggressively expand the monetary base.
blagie [28]

Answer: This means that there may remain room for an increase in the monetary base to . Finally, we discuss reasons why the expansion of the monetary base at ..A central bank can lower longer-term interest rates even when . small, why does the Bank not aggressively try the “unconventional” policy of purchasing some specific.

Explanation: Central banks affect the quantity of money in circulation by buying or selling government securities through the process known as open market operations (OMO). When a central bank is looking to increase the quantity of money in circulation, it purchases government securities from commercial banks and institutions.

8 0
3 years ago
The York Company has arranged a line of credit that allows it to borrow up to $64 milion at any time. The interest rate is .640
klio [65]

Answer:

8.46%

Explanation:

Monthly interest rate = 0.640%

Number of month in year = 12

Investment in non-interest bearing = 6%

Effective annual interest = [(1 + Monthly interest rate)^Number of month] - 1 / (1 - Investment in Non-interest)

Effective annual interest = [(1 + 0.640%)^12] - 1 / (1 - 6%)

Effective annual interest = (1.0064)^12 - 1 / 0.94

Effective annual interest = 1.07956187072 - 1 / 0.94

Effective annual interest = 0.07956187072 / 0.94

Effective annual interest = 0.084640288

Effective annual interest = 8.46%

Hence, the Effective annual is 8.46%.

7 0
2 years ago
What is the price of a coupon bond that has annual coupon payments of $75, a face value of $1000, interest rate of 5%, and a mat
Citrus2011 [14]

$1,046.49.

The price of a coupon Bond that has periodic coupon payments of $ 75, a face value of  $ 1000, an interest rate of 5%, and a maturity of two times is $1,046.49.

Coupon Bond: A bond having tickets attached that reflect semiannual interest payments is known as a coupon bond, deliverer bond, or bond pasteboard. With coupon bonds, the issuer doesn't keep any records of the buyer, and no instrument has the buyer's name moreover.

The price of a coupon bond that has periodic coupon payments of $75, a face value of $1000, an interest rate of 5%, and a maturity of two times is $1,046.49.

To learn more about Coupon Bond, visit the following link:

brainly.com/question/26376004

#SPJ4

6 0
1 year ago
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