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
lesantik [10]
3 years ago
7

you are planning to make monthly deposits of $140 into a retirement account that pays 13 percent interest compounded monthly. If

your first deposit will be made one month from now, how large will your retirement account be in 25 years
Business
1 answer:
VashaNatasha [74]3 years ago
7 0

Answer:

FV= $314,365.69

Explanation:

Giving the following information:

Monthly deposti= $140

Number of months= 25*12= 300

Interest rate= 0.13/12= 0.01083

<u>To calculate the future value of the investment, we need to use the following formula:</u>

<u></u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {140*[(1.01083^300) - 1]} / 0.01083

FV= $314,365.69

You might be interested in
Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,200. Budgeted cash receip
drek231 [11]

Answer:

$13,400

Explanation:

The movement in cash balance over a period is as a result of receipts and disbursements over the period. This may be expressed mathematically as

Opening balance + receipts - disbursements = closing balance

If the company wants to maintain a desired closing balance, the amount to be borrowed would form part of the receipts

$19,200 + receipts - $190,400 = $31,200

Receipts = $190,400 + $31,200 - $19,200

= $202,400

Given Budgeted cash receipts total $189,000 then amount to be borrowed

= $202,400  - $189,000

= $13,400

5 0
3 years ago
Which luxury brand shares its name with the french explorer who is credited with naming canada?
maxonik [38]

Answer:

The luxury brand that shares its name with the french explorer who is credited with naming canada is Cartier.

Explanation:

Cartier is a brand that produces and sells watches and jewelry and it shares its name with the french explorer, Jacques Cartier, who used the word Canada to define an entire area that with time was applied to a larger one and today corresponds to the whole country of Canada.

7 0
4 years ago
You are considering an investment in a startup that will cost $100,000 but you will receive a cash inflow of $25,000 every year
bulgar [2K]

Answer:

Simple payback is 4 years

Total discounted Payback is more than the 5 years which is the payback cutoff period.

Explanation:

Payback period is the time period in which the project recovers the initial cost incurred. Lower the payback period the more beneficial will be the project.

Simple payback = $100,000 / $25,000 = 4 years

Discounted Payback

Discounted payback is calculated by using the present value of future cash flows.

Total discounted cash flows = 22935.78 + 21042.0 + 19304.59 + 17710.63 + 16248.28 = 97,241.28

As sum of all cash flows are less than the initial investment so, total discounted Payback is more than the 5 years which is the payback cutoff period.

8 0
3 years ago
Under the Securities Act of 1933, if damages were incurred and there was a material misstatement or omission in the financial st
dedylja [7]

Answer:

The CPA rebuts the allegations

Explanation:

The Securities Act of 1933 requires that investors receive financial and other significant information regarding any and all securities being sold publicly and prohibits deceit, misrepresentations, and other fraud in the sale of securities. Therefore, since there was material misstatement or omission in the financial statements, the only chance the CPA has is if they rebut the allegations. Meaning that they provide actual evidence, such as physical statements or witnesses that contradict or nullify the evidence that is being presented against them regarding the material misstatement or omission

3 0
3 years ago
Fill in the blank: Using a(n) _____ keeps a record of any inconsistencies from the initial requirements of a project.
MariettaO [177]

An issue log is simply known as a type of documentation element of software project management Using an issue log keeps a record of any inconsistencies from the initial requirements of a project.

  • The issue log is known to have a list of ongoing and closed issues concerning project.

This type of logs can be seen as a way to track errors in any project.

It consist of name of the person who solve the problem, the date or time of the issue, the issue's priority and status and the date or time that the problem was resolved.

An issue log is also regarded as a simple list or spreadsheet that managers use to monitor the issues that arise in a project.

Learn more from

brainly.com/question/14869466

5 0
3 years ago
Other questions:
  • Carradine Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours
    13·1 answer
  • Spectrum Inc., an automobile manufacturer, is interested in measuring the customer satisfaction of car owners. It decides to col
    12·1 answer
  • The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. Th
    10·1 answer
  • ________ refers to a process of negotiations between workers and managers.
    11·1 answer
  • What is interest?
    9·2 answers
  • Diamond Design Company makes custom chairs for individual customers. On September 1, there was one job in process, Job 243, with
    14·1 answer
  • Match the business strategies with their characteristics.
    8·1 answer
  • The trial balance of Barger Company at the end of the accounting period, immediately prior to recording closing entries, showed
    9·1 answer
  • Cullumber Company uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at De
    11·1 answer
  • Which of the following is NOT counted in the unemployment rate?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!