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
Afina-wow [57]
3 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]3 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

You might be interested in
A production system in which there is little or no delay time and idle-in process and finished goods inventory is called a______
AveGali [126]

Answer:

Just in time inventory system

Explanation:

Just in time inventory system is on that ensures that the amount of a product needed is available to the consumer and no more is stockpiled.

For this inventory style to be successful the business will need to forecast accurately the demand of customers.

Just in time inventory system is aimed at increasing efficiency and reducing cost such as storage cost.

There is little or no delay time and idle-in process and finished goods inventory

8 0
3 years ago
Read 2 more answers
Terrance has to make home mortgage payments.What can you Most likely conclude about Terrence based on this fact?
pantera1 [17]

Answer:

D. He has a long term liability.

Explanation:

3 0
3 years ago
A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c.
Ipatiy [6.2K]

Answer:

The correct answer is letter "A": Price uncertainty but not execution uncertainty.

Explanation:

When talking about trading orders, a market order is executed whether to buy or sell a security at market price. The market order does not follow the security's price at the bid or ask, it usually follows the last price at which the security was sold. Thus, that <em>price is always uncertain.</em>  

The benefit of market order relies on the execution. Traders will not have to wait until another trader is willing to buy or sell at their desired level. The <em>market order will execute the order almost automatically</em> at the price the market has available.

6 0
3 years ago
Ramon incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100
olasank [31]

Answer:

Ramon’s basis in the stock he receives in his corporation is $84,000

Explanation:

The computation of Ramon’s basis in the stock received in his corporation would be $84,000 as this amount reflect the adjusted basis of the assets transferred to the corporation.  

These assets include inventory, building, and land. So, the total amount of the total assets would be received i.e based on an adjusted basis, not the fair market value  

6 0
3 years ago
What is home equity?
shepuryov [24]
Difference between the purchase price of the home and its current market price
3 0
3 years ago
Read 2 more answers
Other questions:
  • If jasmine sleeps for 12 hours each night and takes two naps during the day, jasmine is most likely:
    7·1 answer
  • How many bushels of wheat are wholesalers willing to buy at $18 per bushel?
    11·2 answers
  • Consider the voluntary contribution to building a fence game discussed in class. Assume that v1 = v2=100 and C=150, and select a
    9·1 answer
  • Sarah, the cofounder of a start-up company that sells sports goods, prepares a mission/purpose statement for the company. In the
    7·1 answer
  • How would the value of a firm be affected by the following events? a.The introduction of a new product designed to increase the
    11·1 answer
  • Vicarious liability is direct liability. <br> a. True <br> b. False
    10·1 answer
  • Mather Company purchased equipment on January 1, 2018 at a total invoice cost of $336,000; additional costs of $6,000 for freigh
    15·1 answer
  • the vikings company, based in minnesota, is committed to training new employees. assuming the company uses the incremental learn
    14·1 answer
  • 1. A interest rate that does not change during the life of the loan is a
    14·1 answer
  • 2. Why might it be a plus for a company to have such a high share price that trading in its stock is discouraged? What drawbacks
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!