Anne wants $15,000 in 5 years. If her savings account earns 6% a year, how much does
Question:
a. $9,725.75
b. $11,208.87
c. $10,500
d. $12,317.51
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
b 1120887 Calculatio...View the full answer
Answered By
Amy Kremer
I have over 22 years of teaching experience, teaching students of all ages. I have experience teaching Business, Computer Applications, Math and English courses. Besides teaching, I have owned and operated a small business for 16 years and I enjoy bringing real world business and customer service examples to the classroom or tutoring sessions. I look forward to working with you.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Organizational Behavior questions
-
If a persons income is $14,000, how much does she pay in taxes?
-
(a) Find R+ S + T. Draw the arrows to show the answer. R T S (b) Find R + S + T, where R= (2,4), S= (6,5), T= (8,-3) (5 marks) (5 marks)
-
Use the Second Order Runge-Kutta Method to solve for x and y from t = 0 to t=0.5s with step At = 0.1s: (x'= 13.1x 13.94x y' = 1.71x With x(0) = 0.03 and y(0) = 0.
-
a) Assuming that your capital is constrained, what is the fifth project that you should invest in? Please show work. b) Assuming that your capital is constrained so that you only have $600,000...
-
Steel is heated until 85% austenite, with a carbon content of 1.05%, forms. Estimate the temperature and the overall carbon content of the steel.
-
During two consecutive years, Horton Medical Clinic completed the following transactions relating to its $ 6,750,000 issue of 30-year, 7 percent bonds, dated April 1 of the first year. Interest is...
-
An inward flow radial turbine (see Fig. P5.136) involves a nozzle angle, \(\alpha_{1}\), of \(60^{\circ}\) and an inlet rotor tip speed, \(U_{1}\), of \(30 \mathrm{ft} / \mathrm{s}\). The ratio of...
-
Describe some of the ways the Internet has or has not impacted the way you (1) buy groceries, (2) make travel plans, (3) read news, (4) follow your favorite sports team, (5) decide which movie to see...
-
Under the equity method of accounting, the receipt of a cash dividend is not recorded as dividend revenue. Instead the receipt of a dividend is recorded by crediting ( reducing ) the investment...
-
a. What is the percentage depletion amount if the IDCs are expensed? b. What is the percentage depletion amount if the IDCS are capitalized? c. What is the depletion deduction amount assuming that...
-
An investment opportunity having a market price of $1,000,000 is available. You could obtain a $750,000, 25-year mortgage loan requiring equal monthly payments with interest at 7.0 percent. The...
-
Charlie is married and files a joint return. He reports the following items of income and loss for the year: Salary .................. $ 120,000 Activity A (passive) ............. 13,000 Activity B...
-
Evaluate the expression for p = -4, q = 8, and r = -10. -p 2 - 2q + r
-
What is different about gauging the credit risk of a foreign buyer?
-
What is the relationship between credit and currency risk?
-
What is the rationale for hedging currency risk?
-
What is the nature of currency risk in international trade?
-
What are the major differences between the United States and Chinas balance of payments?
-
In Problems 3542, evaluate each integral. (In x) dx /
-
One hundred pounds of water at atmospheric pressure are heated from 60F to 200F. What is the enthalpy change? The internal energy change? Why is the difference between the internal energy change and...
-
You are a shareholder in a corporation. The corporation earns $8.00 per share before taxes. After it has paid taxes, it will distribute the rest of its earnings to you as a dividend (we make this...
-
As a jewelry store manager, you want to offer credit, with interest on outstanding balances paid monthly. To carry receivables, you must borrow funds from your bank at a nominal 6%, monthly...
-
Your firm sells for cash only; but it is thinking of offering credit, allowing customers 90 days to pay. Customers understand the time value of money, so they would all wait and pay on the 90th day....
-
Erika and Kitty, who are twins, just received $30,000 each for their 25th birthday. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her early...
-
How does the implementation of a centralized database system impact the efficiency and data accuracy in a large retail organization?
-
Identify some processes related to a workplace, assess the benefits and concerns that may arise as a result of the relative sizes of P-time with respect to D-time. In a table include the benefits and...
-
industry competitors and customers analysis & develop a communications pla. Choose any company and analyze its industry, competitors and customers. Then either present theirs communications plan or...
Study smarter with the SolutionInn App