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Alex_Xolod [135]
3 years ago
13

On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investme

nt. He projects that the investment will earn 10% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
Question 7 options:


$452,592.56


$278,582.56


$427,986.56


$438,478.56


$397,567.56


$301,578.66
Business
1 answer:
levacccp [35]3 years ago
7 0

Answer:

452592.56

Explanation:

10000(1.1)^40=452592.555682

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The process being employed in the scenario above is called quality control. This is a system being used in means of maintaining standards with the use of testing out samples or products in order to check and maintain the standards that has been implemented.

6 0
3 years ago
Unfortunately, Angie doesn't have enough money in her account right now. She needs to make additional contributions at the end o
SIZIF [17.4K]

Answer: $770.22

Explanation:

If she makes equal contributions then those would be annuities. The $9,000 she wants to have will be the future value of the amount currently in her account and the annuity.

9,000 = 5,000 ( 1 + r) ^ n + ( annuity * future value interest factor of an annuity, 9%,  3 years)

9,000 = 5,000 ( 1 + 9%) ^ 3 + ( Annuity * 3.2781)

9,000 = 6,475.145‬ + 3.2781 * Annuity

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4 0
3 years ago
On October 1, year 1, Kirby Corp. purchased equipment for $100,000. The equipment has a useful life of 5 years with no residual
NNADVOKAT [17]

Answer:

5000 partial depreciation

Explanation:

straight line formula is = <u>cost  - scrape value</u>

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since there is no residual value (scrape value) therefore, we divide <u>100,000 </u>

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the answer we get 20000 per year depreciation. but the equipment is bought on 1st oct, and if assume that the year ends on Dec, 31 so  it is measure for 3 month depreciation which is 5000.                                                                                                                                                                                                                                                                                            

4 0
3 years ago
One reason people do not get enough to eat in a country is because:
Assoli18 [71]

Answer:

C

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One reason people do not get enough to eat in a country is because some crops are grown for export, leaving little to consume internally.

The amount of money made by expoting this crops is more beneficial to the economy and to the farmers that they prefer to export than to sell locally.This akes the crops scare in the country and equally very expensive.

7 0
3 years ago
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Irina-Kira [14]

Answer:

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Joint stock companies were used by the British Empire to set colonies around the world, e.g. the Virginia Company was chartered rights to establish and exploit colonies in British territories, which are now the US.

A joint stock company was named that way because stocks of the company were sold to rich people in England that were willing to risk money in the colonies. E.g. Jameston was founded and basically owned by the Virginia Company. Joint stock companies were vital for the colonization processes of the British Empire.

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Some chartered companies were even responsible for paying the salaries and expenses of the British government officials in foreign countries. The East India Company basically ruled over all India and had its own private army.

5 0
3 years ago
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