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Afina-wow [57]
2 years ago
14

How much will Marie have in her retirement account in years if her contribution is ​$ per year and the annual return on the acco

unt is ​%? How much of this amount represents​ interest? The amount Marie will have is:_________
Business
1 answer:
Ira Lisetskai [31]2 years ago
4 0

Answer:

The amount is constant so is an annuity and the value at the end of 10 years is the future value of an annuity.

Future value of annuity = Annuity * Future value interest factor of annuity, 10 years, 6%

= 7,000 * 13.1808

= $‭92,265.6‬0

Value at the end of 10 years is ‭$‭92,265.6‬0.

The interest is;

= ‭92,265.6‬0 - (7,000 * 10 years)

= ‭92,265.6‬0 - 70,000

= $22,265.60

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(humility, egotism, will, discipline)

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The different elements of working capital are <u>current current asset and current liabilities</u>. The management of a business entity might take <u>ratio analysis</u> to reduce the cycle.

Working capital management assists in sustaining the smooth operation of the net operating cycle, otherwise called the cash conversion cycle.

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Working capital management is a business strategy formulated to ensure that an organisation functions efficiently by overseeing and utilizing its current assets and liabilities to their most effective use.

Therefore, learn more about working capital management: brainly.com/question/28287025

#SPJ1

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