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
Troyanec [42]
3 years ago
10

Your coin collection contains 57 1952 silver dollars. If your grandparents purchased them for their face value when they were ne

w, how much will your collection be worth when you retire in 2055, assuming they appreciate at an annual rate of 6.4 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
kiruha [24]3 years ago
3 0

Answer:

$ 33,951.78

Explanation:

For this problem, you wan to know the future value of these coins later in 2055. For future value (FV), you need the rate, number of periods that occur (NPER), payment (PMT), and the present value (PV).

Currently, you know that you Present Value is 57, because that is how many silver dollars you have ($1 per coin). The rate is given: 6.4%. The number of periods is found by taking the year 2055 and subtracting 1952; 2055-1952=103. Then the payment is 0 here.

Rate: 6.4%

Nper: 103

PMT: 0

PV: 57

The formula for FV = PV [(1+rate)^NPER]. Or you use the function in excel of =FV(rate,nper,pmt,pv) to solve.

That should get you the answer of 33,951.78.

You might be interested in
Winona contracted with XtremeCast, a broadcast media firm, to cohost an Internet-streaming sports program. Winona and XtremeCast
Dimas [21]

Answer: Yes. Winona was an independent contractor

Explanation:

Based on the analysis and the information that have been provided in the question, we can say that Winona was an independent contractor.

An independent contractor is an individual who works for someone else and gets paid for the work done by the employer but it should be noted that the person is not under the control of the employer. .An independent contractor is termed an agent and not employed by the company he or she is working for.

8 0
3 years ago
For what purpose are goods and services produced in a socialist economy?
Burka [1]

Answer: To meet all consumer needs

Explanation: In a socialist economy good and services are produces for direct use. Unlike a capitalist economy where goods and services are produced to earn profits. The purpose of producing goods in a socialist economy is to utilise the economy's scarce resources in a way that maximum consumer needs can be satisfied.

Thus, option D- to meet all consumer needs is the correct choice.

5 0
3 years ago
Read 2 more answers
Consider an economy with two firms and a government.
andriy [413]

Answer:

Step wise detailed solution is given below:

6 0
3 years ago
Read 2 more answers
__________ are a type of limited-function wholesaler that owns products they sell, but do not actually handle, stock, or deliver
bagirrra123 [75]

Answer:

Option C (Drop-shippers) is the correct choice.

Explanation:

  • Drop shipping would be a technique of retail fulfillment where a store does not maintain the items in stock that it advertises or sell. Instead, whenever a store offering its products that used the drop shipping framework, it buys goods from either a third party and it may have delivered the product straightforwardly.
  • The products are owned by Drop shippers but they have never handled or executed them.

Some other alternatives given weren’t linked to the scenario in question. So, the alternative above is the right one.

6 0
3 years ago
What triggers security questions using walmarts moneygram?
arlik [135]
<span>Walmart MoneyGram is an online platform for sending and receiving money. The main issue is that it may disclose personal information to financial institutions, their Agents, their service providers, or governmental or other regulatory agencies and this triggers security question. The risk is that some of these third parties may use the personal information. That's why the information should be protected.</span>
7 0
3 years ago
Other questions:
  • Today's organizations can be divided into three groups, which are __________ organizations. D. employee, distributor, and custom
    12·1 answer
  • Process Costing using the Weighted-Average Method
    15·1 answer
  • Economy
    12·1 answer
  • Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of ca
    13·1 answer
  • Joe​ Henry's machine shop uses 2 comma 510 brackets during the course of a year. These brackets are purchased from a supplier 90
    6·1 answer
  • Which of these methods allows people to make payments by mail when they do not have a checking account? A: Electronic withdrawal
    5·2 answers
  • You might take out a payday loan if you are a
    5·1 answer
  • The bookkeeper for Concord Corporation asks you to prepare the following accrued adjusting entries at December 31.
    5·1 answer
  • Is a loan estimate the same as a pre approval letter?
    8·1 answer
  • The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months w
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!