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Yuri [45]
3 years ago
11

You are depositing $1,500 in a retirement account today and expect to earn an average return of 6.5 percent on this money. How m

uch additional income will you earn if you leave the money invested for 50 years instead of just 40 years?
Business
1 answer:
mr_godi [17]3 years ago
3 0

Answer:

$16,335.90622

Explanation:

The computation of the additional income earned is shown below:

For 40 years

Future value = Present value × (1 + rate of interest)^number of years

= $1,500 × (1 + 0.065)^40

= $18,624.1118

For 50 years

Future value = Present value × (1 + rate of interest)^number of years

= $1,500 × (1 + 0.065)^50

= $34,960.01802

Now the additional amount is

= $34,960.01802 - $18,624.1118

= $16,335.90622

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In order to overcome the ________ problem, interest groups often provide ________ to their members.
katrin [286]

In order to overcome the free rider problem, interest groups often provide attractive offers to their members. Interest groups attempt to influence developments or trends in a way that benefits its members or the cause they support, in addition to reporting on them.

This persuasion is carried out through lawsuits, political action committees, grassroots efforts, and lobbying. All interest groups share the desire to influence governmental policy in order to advance their causes or themselves. Their objective can be to implement a policy that only benefits members of their group or a particular social class.

Interest groups exist because they found different ways to draw members in order to solve the free rider issue. A contract, or exchange, between a group entrepreneur and an unorganized interest that may be underrepresented or not represented results in the formation of an interest group.

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5 0
2 years ago
“How can using technology to communicate be more challenging than person to person interaction?”
Jobisdone [24]
Using technology the text could be read in the wrong tone and taken a different way , where in person you can tell how a person means something by their tone of voice along with their facial expressions and body language.
8 0
3 years ago
A new operating system for an existing machine is expected to cost $600,000 and have a useful life of six years. the system yiel
Slav-nsk [51]
For the first investment the solution as follows
Annual depreciation
600,000÷6 years=100,000

Net annual cash flows
100,000+155,000=255,000

Present value
255,000×4.11141+16,600×0.50663
=1,056,819.608

Net present value
1,056,819.608−600,000=456,819.608

For the second investment the solution as follows
Annual depreciation
390,000÷8 years=48,750

Net annual cash flows
48,750+60,000=108,750

Present value
108,750×4.96764+24,500×0.40388
=550,125.91

Net present value
550,125.91−390,000=160,125.91
4 0
3 years ago
A recent survey reports that employees devote only 25 percent of their work time to creativity. the primary barrier to creativit
Rus_ich [418]
Inadequate time.  
The more time on spends on an activity the more proficient the person because, in a situation where everything is timed with very restrictive deadlines and timelines to meet up, it is very likely that the person will just do the job so as to meet the requirements and wont add extras that is suppose to display addition out of the box creative ingenuity
3 0
3 years ago
با ما
Eddi Din [679]

Answer:

Because of product's use of natural resources in its input (1) and dependence on the supply chain system of other companies.

Explanation:

The reason is that all of the companies rely on natural resources that the companies are processing and making it available for the other companies to utilize it to control its cost and complete the production of the products. The energy is a natural resource which every company utilizes and due to this its production is largely dependent on the firms that are processing natural resources to make it available for companies to utilize it.

The next most important thing is supply chain system of natural resource companies that helps the companies like AEC and even an individual to make the use of these natural resources in an efficient and effective manner. If I don't have access to fuel, then I cann't travel and traveling by using horses would be expensive and time consuming. So supply chain system of the other businesses play key role here.

5 0
3 years ago
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