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
geniusboy [140]
2 years ago
6

An initial deposit of $5000 is put into an account that earns 4% interest, compounded annually. Each year, an additional deposit

of $5000 is added to the account. What is the value of the account after the tenth deposit if no withdrawals or additional deposits are made
Business
1 answer:
Ne4ueva [31]2 years ago
5 0

Answer:

$60,030.54

Explanation:

You might be interested in
_____ gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribut
Lunna [17]

Phased retirement gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribution at a more relaxed pace.

<h3>What is Phased retirement ?</h3>
  • A human resource's strategy called phased retirement enables full-time employees to work part-time hours while starting to receive retirement benefits.
  • Employers may be able to better manage or even lower payroll costs during the transition by utilizing phased retirement.
  • This plan enables the retiree to work less hours, often switching from full to part-time, and uses less payroll funds.
  • It is completely optional and requires the agreement of both the employee and the hiring organization.
  • An employee must have worked three years straight at a full-time job in order to be eligible to participate.

Learn more about retirement here:

brainly.com/question/14502477

#SPJ4

4 0
1 year ago
A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company'
Alchen [17]

Answer:

c. $4,025,200

Explanation:

The computation of the total cash receipts from sales and collections in April month is shown below:

= April sales × cash sales percentage + April sales × credit sales percentage × collection month percentage + March sales  credit sales percentage × Following month collection percentage

= $4,000,000 ×30% + $4,000,000 × 70% × 40% + $4,200,000 × 70% × 58%

= $1,200,000 + $1,120,000 + $1,705,200

= $4,025,200

Since cash sales are 30% , so the credit sales would be 70%

3 0
3 years ago
Assume that Abby, Ben, Clara, Joe, and Matt are the only citizens in a community. A proposed public good has a total cost of $1,
serg [7]

I THINK ITS MIDDLE FINGERS AT THESE AHOLE MODERATORS

6 0
3 years ago
"Falling oil prices have caused a sharp decrease in the supply of oil." Speaking precisely, this quotation is ______.a. Correct;
FinnZ [79.3K]

Answer: Option (d) is correct.

Explanation:

According to the law of supply, it states that there is a positive relationship between the price of a commodity and the quantity supplied of a commodity. This means that as the price of a commodity increases, as a result the quantity supplied of that commodity increases.

Therefore, any change occur in the prices of a commodity will affect the quantity supplied of a commodity not supply of a commodity.

5 0
3 years ago
Which of the following statements is correct?a. Monopolistic competition is similar to monopoly because both market structures a
nata0808 [166]

Answer:

The correct answer is (A)

Explanation:

Monopoly and monopolistic competition are similar in many ways. In both type of markets the firms are usually the price makers. Being the only firm in the market gives them an opportunity to earn abnormal profits and in both cases firms earn abnormal profits. Perfect competition is a type of market that is totally different in terms of number of sellers and buyers. In perfect competition firms are the price takers.

4 0
3 years ago
Other questions:
  • Peggy andrews has a charge account at davis jewelers, which uses the unpaid-balance method of computing finance charges. the per
    7·1 answer
  • Which of the following is NOT one of the four characteristics of IPOs that puzzle financial economists? Select one: a. The long-
    14·1 answer
  • Mayberry Ice Cream Shoppe has $1,500.00 in wages, $93.00 in Social Security withholding, $21.75 in Medicare withholding, $200.00
    10·1 answer
  • Waterway Industries incurs the following costs to produce 11800 units of a subcomponent: Direct materials $9912 Direct labor 133
    8·1 answer
  • Which of the following factors should be considered when deciding whether to keep a product line or drop it? Check All That Appl
    6·2 answers
  • Juanita makes $30 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $3
    6·1 answer
  • Which is the type of stock that is commonly traded in stock exchanges? Hint: this is the form of company ownership that does not
    11·1 answer
  • The condensed product-line income statement for Rhinebeck Company for the month of October is as follows:
    15·1 answer
  • Trevor Ang holds a $400,000 portfolio consisting of the following stocks:
    5·1 answer
  • A structure was built five years ago. Because of exceptional upkeep, the appraiser estimates the structure's condition today to
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!