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
miskamm [114]
2 years ago
13

Sydney saved $10,000 during her first year of work after college and plans to invest it for her retirement in 40 years. how much

will she have available for retirement if she can make 8% on her investment?
Business
1 answer:
Yuliya22 [10]2 years ago
3 0
Given:
P = $10,000, the principal
t = 40 yers, time duration
r = 8% = 0.08, the interest rate
Assume that
n = 12, monthly compounding.

The value after 40 years is
A=P(1+ \frac{r}{n} )^{nt}
nt = 12*40 = 480
1 + r/n = 1 + 0.08/12 = 1.0066667
A = 10000*1.0066667⁴⁸⁰ = $242,737.71

Answer:  $242,737.71

You might be interested in
What allows consumers to receive goods and services in a non-price rationing system?
Tatiana [17]
Non-price rationing system is commonly done by queuing (to resolve rationing problems brought by price ceilings) and by coupons (to restore buyer equilibrium). Favored customers who received special treatment from dealers when there is an excess demand, which means: owners giving goods and services to their friends, is another non-price rationing mechanism. I hope that this is the answer that you were looking for and it has helped you.
6 0
2 years ago
To understand the competitive intensity of two industries, a business consultant conducted market concentration analysis by usin
MAXImum [283]

Answer:

4. more, more

Explanation:

Options includes: 1. less, more , 2. more, less, 3. less, less, 4. more, more

Based on this calculation, the consultant concludes that industry X is <u>more</u> concentrated market than industry Y and that industry X is <u>more</u> competitive market.

The intensity of Porter competition determines the level of competition that exists in an industry. This competition can be affected by many factors, including industry focus, replacement costs, fixed costs, and industry growth rates. The intensity of competition among competitors in a given industry refers to the extent to which companies in a given industry put pressure on each other and determine each other their profit potential. If competition is fierce, competitors are trying to steal profits and market share from each other.

8 0
2 years ago
A high school student working part-time as a cashier had a gross income of $6727 last year. If his federal tax rate was 10% and
8_murik_8 [283]

Federal tax rate = 10%

State tax rate = 4.3%

Social security = 6.2%

Medicare = 1.45%

Total deductions = 21.95%

Amount withheld = 21.95%*6727 = $1476.58

3 0
2 years ago
"Which of the following is a support activity in a firm's value chain? A) Inbound logistics B) Operations C) Sales and marketing
Pepsi [2]

Answer:

The technology is a support activity in a firm's value chain.

Explanation:

Value chain analysis means the analysis which adds the value to the organization. It can be categorized in two activities - primary activities and support activities. This value chain analysis is propounded by Porter.

The primary activities includes inbound & outbound logistics, operations, Marketing & sales and service whereas support activities includes firm infrastructure, human resource management, technology , and procurement.

Thus,  the technology is a support activity in a firm's value chain.

4 0
2 years ago
The Blaine Development Corporation (BDC) is reconsidering the Lummi Resort Hotel project. It would be located on the picturesque
Digiron [165]

Answer:

I can't help you sorry

Explanation:

I don't know what any of this means

4 0
2 years ago
Other questions:
  • Mark wants a new car that costs $30,000. He only has $500 in his savings account and $300 in his checking account. Which financi
    5·2 answers
  • explain three steps an eighth grader should take to create a college savings plan if she is interested in attending a two year t
    6·2 answers
  • Firms that disingenuously market products as environmentally friendly with the goal of gaining public approval and sales, rather
    11·1 answer
  • Lachlan Stuart is employed by International Paper, a company that values his vision and creativity. To stay ahead in a very comp
    8·1 answer
  • Recently it was announced that FC Cola Company was pursuing a merger with Lemon-Lime Soda Co. The proposed merger is expected to
    9·1 answer
  • A perpetuity will pay $1000 per year, starting five years after the perpetuity is purchased. What is the present value (PV) of t
    8·1 answer
  • Management wants to build a culture where employees keep security in mind. Employees should be able to access information freely
    8·1 answer
  • Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the f
    8·1 answer
  • a) Miranda needs to build new shelves in her pantry to store all these items. She wants to put each type of item on a separate s
    5·2 answers
  • For a particular maximization problem, the payoff for the best decision alternative is $15.7 million while the payoff for one of
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!