answer.
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
Darina [25.2K]
2 years ago
10

Brad will graduate next year. When he begins working, he plans to deposit $6000 at the end of each year into a retirement accoun

t that pays 6% interest. How much will be in his account after 40 deposits
Business
1 answer:
Dovator [93]2 years ago
8 0

Answer:

$92,8571.7937

Explanation:

The computation of the amount after 40 deposits is shown below:

= (((1 + interest rate)^number of years - 1) ÷ interest rate)× principal

= (((1 + 0.06)^40-1) ÷ 0.06) × $6,000

= $92,8571.7937

We simply applied the above formula and the same is to be considered

We considered all the things given in the question

You might be interested in
We are evaluating a project that costs $2,040,000, has a life of 7 years, and has no salvage value. Assume that depreciation is
OleMash [197]

Answer: best case Nvp $2,943,304,509.57

Worse case NVP

-$2, 601,609,39

3 0
2 years ago
Read 2 more answers
In addition to the new designer, Burberry also stepped up its involvement in social media, relationships with style magazines an
AlekseyPX

Letter D is correct! Increasing customer retention and reducing customer churn.

Relationship marketing is a set of actions that a company uses to strengthen its relationship with the customer, in order to retain and retain them. The addition of Burberry has increased its involvement in social media with the goal of staying closer to its customers and offering benefits such as collaboration with a famous actress. This strategy strengthens the customer-brand relationship by translating the brand's interest in meeting its customer's needs and wants and thus strengthening brand recognition in the marketplace.

7 0
2 years ago
JED Corp., an e-commerce company, has created a network that supports its supply chain management system. The network provides t
k0ka [10]

The question is incomplete, it lacks options.

A) extranet

B) corporate portal

C) intranet

D) executive information system

Answer:

Extranet.

Explanation:

An extranet can be defined as a private network that is used for information sharing. An extranet is a private network which is created by a company to enable customers and suppliers to get specific information about the company but preventing them access to other private and sensitive information.

Extranet makes it very easy to share information with potential customers and various shareholders. Extranet also improves customer service by providing them with various information to solve their questions.

5 0
2 years ago
Question 1 (1 point)
AlexFokin [52]

Answer: $75

Explanation:

After deduction all expenses and taxes, the balance left either at hand or in bank is the discretionary income.

8 0
1 year ago
While reconciling your check register to your bank statement, you notice that your check register balance is $1250.00, while you
muminat

Answer:

You could have done a transaction that you didn't take into consideration in the check register.

this might be:

1. check

2. debit card withdrawal or POS transaction

3. Bank charges

4. fees for an order of checks

6 0
1 year ago
Other questions:
  • Precautionary information that pertains to a laboratory instrument or appliance can only be obtained by contacting the manufactu
    10·1 answer
  • Stephanie seals is a cpa who is working as a controller for brentwood corporation. she is not in public practice
    13·1 answer
  • Dristell Inc. had the following activities during the year (all transactions are for cash unless stated otherwise):A building wi
    14·1 answer
  • Younjin is a purchasing agent for Acme Enterprises. One of the products she is responsible for is copier paper for the company's
    7·1 answer
  • Scribners Corporation produces fine papers in three production departments—Pulping, Drying, and Finishing. In the Pulping Depart
    14·1 answer
  • Jumbuck Exploration has a current stock price of $2.00 and is expected to sell for $2.10 in one year's time, immediately after i
    12·1 answer
  • On January 1, 2018, Brown Co. borrowed cash from First Bank by issuing a $100,000 face value, four-year term note that had an 8
    8·1 answer
  • Adrian owns an older used car that is valued at about $1,000.
    6·1 answer
  • Demand is created through meeting customer buying criteria, credit terms, awareness (promotion) and accessibility (distribution)
    14·1 answer
  • ABC company had 8,000 in accounts receivable on Dec. 31, 2019. However, the company estimated that 2,000 of them would become ba
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!