You plan to invest $1,500 every year (beginning-of-year payments) for the next 10 years. If you can earn 9% on your invested funds, how much will you have in 10 years? A) $24,840 B) $22,789 OC) $28,39

Answers

Answer 1

By investing $1,500 at the beginning of each year for the next 10 years, with an annual interest rate of 9%, the future value of the investment can be calculated using the formula for the future value of an ordinary annuity:

FV = P * [(1 + r)^n - 1] / r

Where:

FV = Future value

P = Payment amount per period ($1,500 in this case)

r = Interest rate per period (9% or 0.09 as a decimal)

n = Number of periods (10 years)

Plugging in the values, we get:

FV = $1,500 * [(1 + 0.09)^10 - 1] / 0.09

= $1,500 * [1.09^10 - 1] / 0.09

≈ $1,500 * [2.367 - 1] / 0.09

≈ $1,500 * 1.367 / 0.09

≈ $1,500 * 15.19

≈ $22,785.68

Therefore, the investment will amount to approximately $22,785.68 after 10 years. Thus, the closest answer choice is B) $22,789.

learn more about investing here:

https://brainly.com/question/28330981

#SPJ11


Related Questions

When towing someone with a pwc, one of the requirements is?

Answers

When towing someone with a pwc, An observer or wide-angle rearview mirror is needed.

What is Towing?

Towing can be regarded as the coupling of two or more objects together using a power source so as to pull them along.

Therefore, when towing is needed there should be a rearview mirror to monitor things to avoid damage to other object.

Learn more about Towing at;

https://brainly.com/question/26270116

#SPJ1

What is earning interest on previously earned interest called?

Answers

Answer:

Compounding. Earning interest on previously earned interest plus the principal amount.

Explanation:

Earning interest on previously earned interest is called compounding. Thus, compounding is the correct term for this definition.

It refers to the process of reinvesting the accumulated interest back into the initial principal amount, allowing for exponential growth over time. With each compounding period, the interest is calculated not only on the original principal but also on the interest earned in previous periods.

This compounding effect leads to the gradual growth of the investment or savings. Compounding is a powerful concept in finance and can significantly enhance the growth of investments or savings over the long term. It is a key factor in various financial instruments such as savings accounts, bonds, and investment portfolios.

Thus, earning interest on previously earned interest is called compounding.

Learn more about interest here:

https://brainly.com/question/30393144

#SPJ6

what was the major difference in emphasis between wilhelm wundt and edward titchener?

Answers

The major difference in emphasis between Wilhelm Wundt and Edward Titchener lies in their approaches to the study of psychology and their focus on different aspects of mental processes.

Wilhelm Wundt is considered the founder of modern psychology and is known for establishing the first experimental psychology laboratory in Leipzig, Germany, in 1879. He emphasized the importance of introspection as a method for studying conscious experience. Wundt's approach, known as structuralism, aimed to analyze and understand the basic components of conscious mental processes. He focused on breaking down mental experiences into their elemental parts and studying sensations, feelings, and thoughts through introspection.

Edward Titchener, a student of Wundt, further developed and popularized the structuralist approach in the United States. However, Titchener's emphasis differed from Wundt's in some key aspects. Titchener focused more on the organization and classification of mental processes rather than simply identifying their elemental parts. He believed that psychology should aim to create a systematic and comprehensive classification system of mental elements, such as sensations and feelings, and their interrelationships.

In summary, the major difference in emphasis between Wilhelm Wundt and Edward Titchener lies in their approach to psychology. Wundt focused on introspection and the analysis of conscious experiences into elemental components, while Titchener emphasized the organization and classification of mental processes within a comprehensive system.

To know more about Wilhelm Wundt and Edward Titchener click this link -

brainly.com/question/30437404

#SPJ11

Charles Adams deposited $1,000 in a savings account that earns 4%
interest compounded monthly. He made no other deposits or
withdrawals. What was the amount in the account at the end of 2
months? How much is the compound interest?
$1,006.67 and $6.67
$1,013.67 and $13.67
О. $1,020.10 and $20.10
$1,040.40 and $40.40

Answers

Answer:

$1,013.67 and $13.67

Explanation:

The formula for calculating compound interest is as follows

FV = PV × (1+r)^n

Where Fv is the future value

Pv is the present value, $1000

r is the interest rate 4%

n is number of periods= 2 months

Since time is in months, applicable interest rates will be 4% per year divided by 12 months multiplied by 2

=4/12 x 2 =0.67%

Fv = $1000 x (1 + 0.67/100)^2

Fv = $1000 x (1.0067)^2

Fv = $1000 x 1.01344489

Fv= $1,013.44

The amount will be $1,013.44.

Interest will be $1,013.44 - $1000 = $13.44

what are some choices you have made/could make that would influence your future choices and options?

i rly need someone's help asap, thanks in advance! (not business, it's career ed. just chose the subject closest to it).​

Answers

Answer:

I would have good company.

I would ensure that I have good communication skills.

I would have a mentor in my choice of career/study or life in general.

I would have a personal relationship with God.

Explanation:

In order for me to influence my future choices positively,I have to uphold certain principles or values like honesty,open mindedness and tolerance so as to achieve my goals.

Explain how a person who pursued a career in accounting could succeed as an entrepreneur.

Answers

Answer:

own their own accounting business

which of the following premortem actions can increase the liquidity of a decedent's estate? making certain that a client's will is executed with all of the required legal formalities stating reasons in a client's will why a close family member is not receiving any part of the client's estate urging a client to keep written current records of payments made by the client on debts owed to third parties urging a client to require written security for a promissory note given to the client for assets purchased from the client a) i and ii b) iii and iv c) i, ii, and iv d) i, ii, iii, and iv

Answers

Option (b)  iii and iv is the answer.  Liquid of a decedent's assets are objects that can be easily converted into cash. In fact, funds held in a savings or checking account are considered assets.  

Why is it important to have liquid assets?

To explain how fluid, adaptable, and changeable an asset is, it can be said to be liquid. Liquid assets are more easily convertible into cash and can be traded fast compared to more inflexible assets that can't. Other assets have varying levels of liquidity based on how quickly and/or easily they can be turned into cash.

Due to the constant requirement for cash to pay short-term obligations, a corporation must have liquid assets. A business can't operate without cash to pay its bills to suppliers or employees' wages.

To learn more about liquid assets, visit:

https://brainly.com/question/29760652

#SPJ4

During her day, tiara often works on about eight different cars fixing any problems and making suggestions to customers about how to keep their cars in working condition. she manipulates numbers throughout the day to get her customers the best price possible. based on her tasks, which most likely is her career? manufacturing production process development maintenance, installation, and repair logistics and inventory control health, safety, and environmental assurance

Answers

Her duties suggest that she might work in the fields of installation and repair.

Tiara fixes roughly eight cars a day and gives customers advice on how to keep their vehicles running well. She spends her day juggling numbers in order to offer her clients the lowest feasible rates. considering her responsibilities.

Jobs that include routine inspections and adjustments of machinery and other equipment are included in the broad category of "maintenance, installation, and repair." Troubleshooting and fixing mechanical, electrical, electronic, and computer systems are all part of this category.

Regular upkeep workers repair machines, mechanical equipment, and buildings. They paint, repair flooring, and fix plumbing, electrical, and HVAC systems.

To know more about what happens in this field:

https://brainly.com/question/22590498

#SPJ4

The right way of asking the question is:

During her day, Tiara often works on about eight different cars fixing any problems and making suggestions to customers about how to keep their cars in working condition. She manipulates numbers throughout the day to get her customers the best price possible. Based on her tasks, which most likely is her career?

Manufacturing Production Process DevelopmentMaintenance, Installation, and RepairLogistics and Inventory ControlHealth, Safety, and Environmental Assurance

Answer: maintenance, installation, and repair.

Explanation:

:)

Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.

Answers

Explanation:

the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.

What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?

Answers

That the answer what I just sent
What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?

Elasticity is a phrase used to describe how the price affects how much a certain product is in demand.

What is elasticity?

In neoclassical economic theory, elasticity is a key idea that aids in understanding a variety of economic concepts, including the incidence of indirect taxation, marginal concepts related to the theory of the firm, wealth distribution, and different types of goods related to the theory of consumer choice. When talking about how welfare is distributed, particularly in terms of consumer, producer, or government surpluses, a grasp of elasticity is crucial.

Elasticity is a key notion in many economic theories, and it may be seen in a number of key indicators. These include the elasticity of demand at different prices, the elasticity of supply at different prices, the elasticity of demand at different income levels, the elasticity of replacement between factors of production, the cross-price elasticity of demand, and the elasticity of substitution across time.

Learn more about elasticity, from:

brainly.com/question/28790459

#SPJ6

Please help!!!

Drag each label to the correct location on the image.
Match the descriptions to the possibility of being addressed by a Trial Balance.

can detect the accuracy
of the accounting process

can help prepare the
income statement

can help check whether the
debit side is equal to the
credit side

can help check whether a
particular transaction has
been completely omitted

helps serve as a proof of
the application of the
double-entry system

Please help!!!Drag each label to the correct location on the image.Match the descriptions to the possibility

Answers

According to given Image the all the scenario are possible of being addressed by a Trial Balance

Give explanations for how a Trial Balance might be addressed

Can determine whether the accounting procedure is accurate: PossibleMay aid in the income statement's preparation: PossibleMay assist in determining whether the debit and credit sides are equal: PossibleCan assist in determining whether a specific transaction has been entirely missed: PossibleAids in providing evidence of the double-entry system's use: Possible

What is trial balance?

A Trial Balance is a financial statement that lists all the general ledger accounts and their balances at a specific point in time.

It serves as a tool to ensure that the total debits equal the total credits in the accounting system and helps to detect errors and discrepancies in the accounting records.

To know more about Trial balance, visit:

https://brainly.com/question/30584187?

#SPJ1

as a firm spends more on transportation service, cost of lost sales increases.
T/F

Answers

False. as a firm spends more on transportation service, cost of lost sales increases.

As a firm spends more on transportation services, the cost of lost sales generally decreases, assuming that the transportation services are effective in delivering products to customers on time. Effective transportation services can help businesses to reduce lead times, improve delivery reliability, and increase customer satisfaction, all of which can contribute to lower costs of lost sales. In contrast, poor transportation services can lead to increased lead times, missed delivery deadlines, and other issues that can contribute to higher costs of lost sales. Therefore, it is important for businesses to carefully manage their transportation operations to ensure that they are meeting customer expectations and minimizing the risk of lost sales. Other factors that can impact the cost of lost sales include product availability, quality, and pricing, as well as competition, market conditions, and consumer preferences.

Learn more about transportation here

https://brainly.com/question/30086350

#SPJ11

form a correct sentence by unscrambling the following sentence en el espanol hay vocales cinco

Answers

Answer:

its option c

Explanation:

just found it the other guy is also correct

goodgro inc. makes genetically modified seeds that are identical to harvest corporation’s patented seeds, without harvest’s permission. this is most likely

Answers

goodgro inc. makes genetically modified seeds that are identical to harvest corporation’s patented seeds, without harvest’s permission. this is most likely patent infringement.

What is a patent, exactly?

A patent is an exclusive right given for an invention, which is a thing or a method that, generally speaking, gives a new way to do something or a new technical fix for a problem. In order to obtain a patent, technical details on the invention must be made public in a patent application.

To know more about patent visit:

https://brainly.com/question/12882864

#SPJ4

Dr. Drake is thinking about retirement and decides to sail around the world once he retires. He buys a sailboat for $125,000. He borrows the money at an apr of 7. 5% for five years. How much will his total interest be?.

Answers

The total interest on Dr. Drake's loan will be $46,875. Interest on a loan is the cost of borrowing money. It is typically expressed as a percentage of the loan amount and is charged by the lender over the term of the loan.

The interest rate is used to calculate the amount of interest that will be paid on the loan, and it can vary depending on factors such as the creditworthiness of the borrower and the length of the loan term. Interest is usually paid in addition to the principal amount borrowed, and it is usually paid periodically (such as monthly or annually) along with the repayment of the principal.

To calculate the total interest on a loan, you need to know the loan amount, the interest rate, and the loan term (in years). Using this information, you can use the following formula:

Interest = (Loan Amount x Interest Rate x Loan Term) / 100

In this case, the loan amount is $125,000, the interest rate is 7.5%, and the loan term is 5 years. Plugging these numbers into the formula, we get:

Interest = ($125,000 x 7.5 x 5) / 100

Interest = $46,875

Learn more about interest loan, here https://brainly.com/question/29480777

#SPJ4

What should you do when you have multiple goals that conflict with each other?

Answers

probably drop one of the goals or find a different time to do it

Could someone help me please?

Answers

Answer: Yes Definitely. But i need the question

Explanation:

you can get the solution on Brainly straightly.

1. Suppose we have obtained the following regression results: ý = 12 - 6x +0.5(Male x x) + 3Male - 2Rural + 1(Rural x Male) where Male is a dummy variable that takes one for males and zero for females and similarly Rural takes one if individual lives in a rural area and zero if urban. (a) What is the equation for a female that lives in a rural area? (b) What is the equation for a male that lives in an urban area? (c) What coefficient estimates would we get if we estimated the following model instead: y = Bo+3₁x+3₂(Femalexx)+B3Female+34Urban+35(Urbanx Female) + u where Female takes a value one for females and zero for males and Urban takes a value one if individual lives in an urban area and zero if rural? (d) Using the model in part a) explain how you would test the hypothe- sis that there is no differences across gender (while still allowing for differences across regions) in the relationship between y and x in the two areas, that is, explain how to do a Chow Test. Describe all the steps in performing this test, the hypothesis being tested, the models, the regressions you need to do, the test statistic used and how to get the corresponding critical value.

Answers

ý = 12 - 2Rural. ý = 12 + 0.5 + 3. Coefficient estimates would remain the same as in the original model. Perform separate regressions for rural and urban areas, calculate SSR, and use Chow Test statistic for hypothesis testing.

To test the hypothesis of no differences across gender in the relationship between y and x in the two areas, we would perform separate regressions for rural and urban areas. Then, calculate the sum of squared residuals (SSR) for each regression. The Chow Test statistic, which compares the SSR from the separate regressions to the SSR from the combined regression, can be used to test the hypothesis. The critical value for the test can be obtained from the F-distribution table. If we estimate the model y = Bo + 3₁x + 3₂(Femalexx) + B3Female + 34Urban + 35(Urbanx Female) + u, the coefficient estimates would remain the same as in the original model, as the coefficients represent the same relationships between the variables.

Learn more about coefficient estimates here:

https://brainly.com/question/28179755

#SPJ11

Reading market news by non-U.S-based publications will help:

Answers

Answer:

broadening the investor base and also allowing them to become better integrated into the local business scene.

Explanation:

The critical elements of internal control systems for cash disbursements include each of the following except: Multiple Choice The same person that prepares the check should also record it in the proper journal. All of these answer choices are critical elements of internal control systems for cash disbursements. All disbursements, other than very small disbursements, should be made by check. Only authorized personnel should sign checks. All expenditures should be authorized before a check is prepared.

Answers

Answer:

The critical elements of internal control systems for cash disbursements include each of the following except:

The same person that prepares the check should also record it in the proper journal.

All of these answer choices are critical elements of internal control systems for cash disbursements.

Explanation:

When the person, who signs the check, records it in the journal, there is a violation of the control principle of segregation of duties, which is a principal element of internal control systems.  Therefore, all the answer choices are not critical elements of the internal control systems for cash disbursement.

A firm has four different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $5 million at the end of one year, $10 million at the end of two years, and $15 million at the end of three years. Option C will give the firm $15 million at the end of one year, $10 million at the end of two years, and $5 million at the end of three years. Option D will give the firm $21 million at the end of one year, nothing at the end of two years, and $9 million at the end of three years. Which of these options has the highest present value if the rate of interest is 5 percent

Answers

Answer:

The answer is "Option D".

Explanation:

Using the formula for calculating present value:

\(= \frac{Future \ value}{(1+r)^n}\\\\\)

that's why "Option D" is correct.

Marcos has multiple duties at work. Sometimes, he has so many projects and deadlines that he
gets overwhelmed. Which action is the best first step toward getting organized?
A) Creating an action plan showing how he will complete each task
B) Making a list of all tasks and the date each is due
C) Completing the easiest tasks first and then focusing on the harder tasks
D) Asking his supervisor to help him prioritize the tasks on his to-do list

Answers

The action that is best for first step toward getting organized Making a list of all tasks and the date each is due.

Why should he make a list?

A list contains all the work Marcos is to do in order of date due for submission which will help him to know which work is to be done first.

He can also have a timetable to help him plan each day and the time to allocate for a particular project.

Therefore, Making a list of all tasks and the date each is due.

Learn more on list here,

https://brainly.com/question/507147

#SPJ1

What is the purpose of a headline?
O introduce the text
O indicate the page or section break
o reduce the need for graphics
o divide the document

Answers

To introduce the text

if a person earns an 8 percent nominal rate of interest on his savings account in a year when inflation is 9 percent, the person's real rate of interest is group of answer choices -1 percent. 1 percent. 8 percent. 9 percent.

Answers

Option (a), -1 percent. The person's real rate of interest is -1 percent.

What is inflation?

Inflation is the increase in prices of goods and services over a certain period of time. Inflation may be the result of a rise in the price of raw materials or the introduction of new taxes. The nominal interest rate is the amount of interest a lender or borrower receives or pays without taking inflation into account. However, inflation-adjusted interest rate is known as real interest rate.

What is the Real Rate of Interest?

The real interest rate refers to the rate of interest adjusted for inflation. The real rate of interest takes into account the inflation rate to determine the amount of purchasing power an investor has. To calculate the real rate of interest, you must subtract the inflation rate from the nominal rate of interest.

To calculate the real rate of interest in the given situation, you must first subtract the inflation rate of 9% from the nominal rate of interest of 8%. The difference between the nominal interest rate and the inflation rate is known as the real rate of interest.

Nominal Interest Rate = 8%

Inflation Rate = 9%

Real Interest Rate = Nominal Interest Rate - Inflation Rate

Real Interest Rate = 8 - 9%

Real Interest Rate = -1%

Learn more about real rate of interest: https://brainly.com/question/32771614

#SPJ11

Making a good first impression on potential employers is essential to securing employment.truefalse

Answers

Making a good first impression on potential employers is essential to securing employment.

Yes,True. Making a good first impression on potential employers is essential to securing employment.

Making a good first impression on supervisors, colleagues, and customers is important because you only get one opportunity to do it. First impressions help demonstrate that you're trustworthy, confident, and personable.

steps to make a great first impression at work    Dress appropriately. Be a little early (or at least on time) .Smile and make eye contact. Introduce yourself.

Which aspect of diversity can be positive or negative? A (blank) can be negative or a positive.

Answers

Answer:

Positive aspects of diversity is that no one is the same. Everyone is  their own person. There is no negative to diversity. It is the people themselves who think negativly of diversity often by discrimination.

Explanation:

i hope this helped and was on point and I'm sorry if it wasn't. I just stumbled on your question...

Answer:

stereotyping

Explanation:

Give all start up costs for opening a salon that has 8 workers with 8 stations and that does everything hair and wax related. Include the quantities for each item and the pricing

Answers

Rent/Lease for the salon space: $2,000 - $10,000

Build-out costs: $5,000 - $15,000

Equipment and supplies:

8 stations, chairs, and mirrors: $5,000 - $10,000

8 styling stations (styling chairs, styling stations, styling tools): $8,000 - $15,000

8 hair dryers: $4,000 - $6,000

8 hair washing stations: $8,000 - $12,000

8 hair cutting stations: $8,000 - $12,000

8 waxing stations: $8,000 - $12,000

Hair color, waxing, and other supplies: $5,000 - $10,000

Marketing and advertising costs: $2,000 - $5,000

Legal and accounting fees: $1,500 - $3,000

Insurance (liability, property, and worker's compensation) $2,000 - $5,000

Employee salaries: $8,000 - $12,000

Miscellaneous costs (utilities, phone, internet, etc): $5,000 - $10,000

Note that these numbers are rough estimations, and the cost can vary depending on location and other factors.

Based on the document shown, which new NPS document must be written in plain language? A.A guide to fishing in national parks and wildlife refuges B.A law to authorize the renaming of a national park C.A report to Congress analyzing national park maintenance needs D.The National Park Service Ranger Employee Manual E.The regulations for law enforcement contracts at national parks

Answers

Clear, succinct, structured, and suitable for the target audience are all characteristics of plain language. Write not for yourself, but for your reader. When you can, use pronouns.

Before getting into the details, state your main point or points. On October 13, 2010, President Obama signed the Plain Writing Act of 2010. The public must be able to comprehend and use government communications clearly, according to the legislation, which applies to all federal agencies. Language is typically thought of as a system of symbolic communication that consists of three components: signs, meanings, and a code that links the signs to their meanings. Semiotics is the study of the semiotic process—how signals and meanings are integrated, applied, and interpreted. You must add a new NEPA document to an existing one and say that depending on your understanding of the environmental implications and the measures you take.

To learn more about NPS document from given link

brainly.com/question/11017355

#SPJ1

Write the names of sender and receiver of quotation letter in foreign trade.​

Answers

Answer:

Wydm

Explanation:

A business is having trouble keeping up with the competition. They cannot
respond to their customers like the competition. Which type of system will
likely be able to help them solve this issue?
O A. Management communication system
B. Management information system
O C. Transaction processing system
D. Decision support system

Answers

Answer:a

Explanation:

Manage communication system

Other Questions
When 1-bromopropane is exposed to magnesium, followed by ethanal (a 2-carbon aldehyde) and then aqueous acid, what is the resulting product If you assume Hardy-Weinberg equilibrium for these alleles (admittedly very improbable), calculate the number of cats you would expect to have folded ears when the island population reaches 20,000 Is it worse to kill civilians (non-military people) than to kill soldiers in a war? Choose the measurement closest to 60km/h: 40mph, 60mph, or 100mph How much force (in Newtons) is needed to accelerate a 160 kg object at a rate of 4 m/s2?A. 15B. 40C. 640D. .025 Question 3 (3 points) Determine the smallest integer that makes 4x - 9 - 2x < 5x + 1 true a 4b 3 c 2 d 1 Help me out here pleaseeeeeee what is the nth term for this sequence?-7, -12, -17, -22, -27 Wind gusts create ripples on the ocean that have a wavelength of 2.63 cm and propagate at 2.37 m/s. What is their frequency (in Hz) A month ago, Jamal lost his job because of circumstances beyond his control and he is very concerned about his financial situation. Since then, he has learned that his wife will not be able to return to the United States because she cannot get her green card, that his rent-controlled apartment is being sold, and he must find another place to live. Given what happens when people feel unable to control their environment, what is MOST likely happening to Jamal . J and M are base angles of isosceles trapezoid JKLM. If mJ = 18x + 8, and mM = 11x + 15, find mK. 3 From "I Want a Wife" by Judy Brady. Please respond in essayformat.What message does the author convey in the text?How does the narrator resist or capitulate to acts ofdomination in the text? which of the following foams has the capability of re-covering any gaps created by fire fighters walking through and disturbing the foam layer Deandre wants to measure the height of a tree. He sights the top of the tree, using a mirror that is lying flat on the ground. The mirror Is 31 ft from the tree, and Deandre is standing 7.4 ft from the mirror, as shown in the figure. His eyes are 6 ft above the ground. How tall is thetree? Round vour answer to the nearest foot which excerpt from a student essay maintains the most objective tone ? A ideology provides a system of ideas that can form the basisfor economic theory. For maximum loading of hemoglobin with oxygen at the lungs, the: robin hood has sales of $34 million, fixed assets of $18 million total equity of $24 million and total debt of $11 million. The profit margin is 12 percent and a tax of 40%. what is the return assets?a. 6.99%b. 13.65%c. 11.65%d. 11.37%e.31.38% how does the financial system minimizes individual risk? in which type of organization do managers spend a lot of time coordinating and controlling the network of contractors and strategic alliances?