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lilavasa [31]
3 years ago
6

Sue and Neal are twins. Sue invests $5,000 at 7 percent when she is 25 years old. Neal invests $5,000 at 7 percent when he is 30

years old. Both investments compound interest annually. Both Sue and Neal retire at age 60. Which one of the following statements is correct assuming that neither Sue nor Neal has withdrawn any money from their accounts? Sue will have less money when she retires than Neal. Neal will earn more interest on interest than Sue. Neal will earn more compound interest than Sue. If both Sue and Neal wait to age 70 to retire, then they will have equal amounts of savings. Sue will have more money than Neal as long as they retire at the same time
Business
1 answer:
dolphi86 [110]3 years ago
3 0

Answer:

Sue will have more money than Neal as long as they retire at the same time

Explanation:

Both Neal and Sue invest the same amount ($5,000) at same interest rate (7%). In the compound interest rate formula only the time is differ. When they retire at age 60, Sue has 5 years more than Neal meaning Sue earn more interest than Neal.

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Answer:

$800

Explanation:

Calculation for how much would she need to charge per month for tuition in order to break even

Using this formula

Amount to charge to break even=[(Monthly Fixed Costs+Salary and Benefits Costs+Estimated Food Costs)÷Number of Children Served]

Let plug in the formula

Amount to charge to break even=[($4,000+$7,000+$1,000)÷15]

Amount to charge to break even=$12,000/15

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Therefore the amount she would need to charge per month for tuition in order to break even will be $800

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3 years ago
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Vanyuwa [196]

Answer:

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6 0
3 years ago
Write a paragraph explaining what kind of assessment works best for you to really be able to show what you know. (Consider stand
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Answer:

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