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Vika [28.1K]
3 years ago
13

You expect to receive $2,600 upon your graduation and will invest your windfall at an interest rate of 0.33 percent per quarter

until the account is worth $4,375. How many years do you have to wait until you reach your target account value?
a. 34.55 years
b. 39.49 years
c. 36.86 years
d. 42.53 years
e. 39.68 years
Business
1 answer:
kupik [55]3 years ago
5 0

Answer:

n= 39.49 years

Explanation:

Giving the following information:

Present value (PV)= $2,600

Future value (FV)= $4,375

Interest rate (i)= 0.33/100= 0.0033

<u>To calculate the number of years, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(4,375/2,600) / ln(1.0033)

n= 157.96/4

n= 39.49 years

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Troy Engines, Ltd., Manufactures A Variety Of Engines For Use In Heavy Equipment. The Company Has Always Produced All Of The Nec
Molodets [167]

Answer:

Total relevant cost for making the parts =$387,400

Total relevant cost for buying the parts = $465,000

Explanation:

The computation of total cost of making and buying the parts is shown below:-

                                           Make         Buy

Cost of purchasing             0               $465,000

                                                            (15,000 × $31)

Direct material                $135,000     0

Direct labor                     $165,000     0

Variable manufacturing

overhead                          $30,000     0

Fixed manufacturing

overhead                          $57,240     0

Total relevant cost           $387,400     $465,000

8 0
4 years ago
A(n) ____ focuses on the need for service providers to build strong bonds with customers.
Elena-2011 [213]

Answer:

Interpersonal relationship

Explanation:

Took business

6 0
3 years ago
Read 2 more answers
Loft Industries sells roof trusses to contractors and builders and is currently looking for honest feedback on its services. How
astra-53 [7]

Answer:

The correct answer is C. Mail questionnaires.

Explanation:

Given that the company needs honest and sincere feedback regarding the quality of its products, and that its clients have so far not given the desired answers due to their education and lack of critical focus as a way to avoid hypothetical conflicts, the correct way to obtain honest and impersonal feedback regarding the quality of their products would be through mail questionnaires.

This is so because through these questionnaires, direct contact between the members of the company and its clients would be avoided, making the criticism or assessment much less personal for the client, which could be expanded without fear of possible reproach on the part of the members of Loft Industries. In this way, a space of sincere expression would be generated that would allow an objective assessment on the part of the clients.

8 0
3 years ago
Even if you are willing to take on more responsibility, you need to make sure that ______. a. you do not take on too much b. you
pentagon [3]
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4 0
4 years ago
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Harry has just inherited $300,000. Harry has decided to quit his job and go to school full time for the next five years by livin
never [62]

Answer:

$ 75131

Explanation:

Given:

Amount inherited = $ 300000

Present amount of annuity = $ 300000

Interest rate, i = 8% = 0.08

number of years, n = 5

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the formula for the present amount of annuity is given as:

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where,

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now, on substituting the values, we get

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or

$ 300000 = P × 3.993

or

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hence, the amount he can withdraw is $ 75131

3 0
4 years ago
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