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Bond [772]
2 years ago
9

Your father helped you start saving $20 a month beginning on your fifth birthday. He always made you deposit the money into your

savings account on the first day of each month just to "start the month out right." Today completes your 17th year of saving and you now have $6,528.91 in this account. What is the rate of return on your savings?
Business
1 answer:
Inessa05 [86]2 years ago
8 0

Answer:

0.0515 or 5.15%

Explanation:

Given that

Monthly saving (C) = $20

Time (n) = 17 years ×  12 months = 204 months

Future value (F) = $6,528.91

Using Future value if annuity due formula:

F = C × (1+r) × [{(1+r) ^n - 1 } ÷ r ]

$6,528.91 = $20 × (1+r) ×[{(1+r) ^204 - 1 } ÷ r ]

After solving this, the r value is

= 0.004288

Now

The annual rate of return is

= 0.004288 × 12 months

= 0.0515 or 5.15%

We simply applied the above formula to get the rate of return

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Available Options are:

Fax machines

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Answer:

All of the above except Printers

Explanation:

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3 0
2 years ago
TechPro offers instructional courses in e-commerce website design. The company holds classes in a building that it owns.
myrzilka [38]

Answer:

1. fixed and indirect

2. variable and direct

3. variable and direct

4. fixed and indirect

5. fixed and indirect

6. variable and direct

Explanation:

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A fixed cost is expected to be constant for a short term period whilst a variable cost is expected to vary in direct proportion to the number of units produced in this case it is the individual classes.

Depreciation expense on classroom building and on computers is a fixed cost that is expected to remain constant and the instructor wage varies with the number of classes thus a variable cost.

<u>Direct and Indirect costs</u>

A direct cost can be directly traced to the cost object by observation whist the indirect cost can not be directly traced on a cost object.

The instructors wage is a direct cost, his effort is seen with the success of the classes whist the depreciation expenses are indirect costs.

4 0
2 years ago
You lost $65,000 out of your original $105,000 investment. What percentage of your initial investment was lost?
cestrela7 [59]

Answer:

The answer is 62% (B)

Explanation:

The easiest way to answer this is by simply doing $65,000 divided by $105,000. You'll get 61.9 but if you round it, you get 62% and that's how you get the answer.

Also, I just got this question and I got it correct.

Hope this helps!!

6 0
2 years ago
At Crater Valley Manufacturing, workers are encouraged to find their own solutions to problems, and to implement their solutions
pentagon [3]

Answer: Theory Y

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In the given case, Crater valley assumes there workers to be committed and give them liberty to make their own decisions.

Hence we can conclude that Crater valley reflects theory Y leadership style.

5 0
2 years ago
Which of the following marketing variables is concerned with design, quality, and packaging? O A. Promotion O B. Place O C. Pric
Gala2k [10]

Answer:

promotiopeicen

Explanation:

product

8 0
1 year ago
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