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
Alika [10]
3 years ago
14

A student has inherited $50,000. If it is placed in asavings account that earns 3% interest, how much isin the account in 30 yea

rs
Business
1 answer:
taurus [48]3 years ago
8 0

Answer:

$121,363

Explanation:

The amount in 30 years is known as the Future Value (FV) . We arrive at this figure by compounding the Present Value using the interest earned on the savings as follows :

PV =  $50,000

P/yr = 1

N = 30

PMT = $ 0

i = 3 %

FV = ?

Using a Financial calculator to enter the amounts as shown above, the FV can be determined as $121,363

You might be interested in
A clear expression of a firm's Blank______ will detail why an organization exists, what problems it wishes to solve, and who it
grandymaker [24]

A clear expression of a firm's Organizational purpose will detail why an organization exists, what problems it wishes to solve, and who it wants to be to every person it touches through its work.

<h3>What is a firms organizational purpose?</h3>

This is a terminology that is used to refer to the objectives of the firm as well as the goals and what it hopes to achieve.

It helps to highlight the problems in the society that it wishes to solve and all of its goals.

Read more on Organizational purpose here

brainly.com/question/19334871

#SPJ1

4 0
1 year ago
As the marketing manager of BargainSmartphones, you're so committed to offering the best bargains that you're willing to show ot
Mekhanik [1.2K]

Answer:

personalization.

Explanation:

Based on the information provided within the question it can be said that the one thing that your website does not offer is personalization. This refers to allowing your customers to choose the parts of the product that they want and the ones they do not in order to create and order a version of the product that fits their needs. Which, as a phone manufacturer you cannot do since phone models are fixed products that do not have swappable parts.

7 0
3 years ago
What is the difference between important and determinant attributes in consumer purchase decision, especially when purchasing se
nasty-shy [4]

Answer:

Importance. Determinant attributes are important because consumers use them to determine from which competitor they make a purchase. ... However, they usually evaluate determinant attributes that are most important for a particular buying decision, whether its one or three attributes.

Explanation:

5 0
3 years ago
Select all that apply Determine which of the following statements are correct descriptions of a subsidiary ledger. (Check all th
djyliett [7]

Answer:

- The balance in the subsidiary ledger will equal the balance of its supported account in the general ledger.

- The account which the subsidiary ledger supports in the general ledger is called a control account.

- It is a supporting ledger that contains detailed information about a general ledger account.

- Two of the most common subsidiary ledgers are for Accounts Payable and Accounts Receivable.

Explanation:

A subsidiary ledger is defined as a supporting ledger that contains details of an account on the general ledger.

It gives a breakdown of the single amount that reflects in a general ledger account.

For example if the accounts payable account has a balance of $50,000, the subsidiary ledger will show the individual transactions that make up the $50,000.

Therefore the balance of the subsidiary ledger will equal the amount in the general ledger account.

5 0
2 years ago
When a business is calculating its operating costs, it must include _____. answer.com?
Svetach [21]
Variable costs.


Hope that helps, Good luck! (:
6 0
3 years ago
Read 2 more answers
Other questions:
  • Which branding strategy focuses on creating a credible green brand? multiple choice eco-branding environmental cost leadership s
    13·1 answer
  • Which of the following do you think would lead to an increase in the current demand for beef?
    12·1 answer
  • Ideally, the price established for a transfer of goods or services between two decentralized organizational units within a compa
    5·1 answer
  • PLEASE HELP ASAP!!
    7·1 answer
  • The fact that a family would spend a lot more time researching the market before buying a new car than it would in the decision
    10·1 answer
  • Graphically illustrate (using the WS and PS relations) and explain the effects of an increase in the markup on the equilibrium r
    12·1 answer
  • Barbara Hastings has no children of her own, but she does have a beloved niece named Ellen Laughridge. Attentive to the future f
    6·1 answer
  • If a firm increases its sales and cost of goods sold while holding its inventories constant, then, other things held constant, i
    5·1 answer
  • When managing your human resources, _____________ is the process of deciding who should be hired, under legal guidelines, to ser
    10·1 answer
  • There is an E. coli breakout on a cruise shio which leads to the cancellation of reservations on other cruise ships. What kind o
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!