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Ad libitum [116K]

2 years ago

7

You are planning to make monthly deposits of $500 into a retirement account that pays 6 percent interest compounded monthly. If

your first deposit will be made one month from now, how large will your retirement account be in 40 years

1 answer:

liberstina [14]2 years ago

7 0

Answer:

$995,745

Explanation:

PV = $0

PMT = $500

I/YR = 6

P/YR = 12

N = 40 x 12 = 480

your retirement account be in 40 years will be $995,745

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2 years ago

Juanita makes $30 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $3

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Answer:

Juanita should purchase the suit at the store across town because the total economic cost will be lowest.

Explanation:

three options:

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across town = $86 + [1/2 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $131
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2 years ago

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

ZanzabumX [31]

Answer:

$71,240

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Direct Materials (2,740 units × $44) $120,560

Direct Labor (2,740 units × $19) $52,060

Variable Manufacturing Overhead (2,740 units × $13) $35,620

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3 years ago