If you make an initial deposit of $2,500 in your money market account that earns 6% APR compounded daily, and you deposit $100 at each week end for 25 years, how much money will you have accumulated

Answers

Answer 1

Answer:

$312,752

Explanation:

Weekly interest rate = [(0.06/365 + 1)^7] -1 * 100

Weekly interest rate = 1.0011525255 - 1 * 100

Weekly interest rate = 0.0011525255 * 100

Weekly interest rate = 0.1152%

No. of periods =52 weeks * 25 years = 1300

N = 1300; I/Y = 0.1152; PV = -2500; PMT = -100

Amount accumulated at the end = FV(1300, 0.1152, -2500, -100)

Amount accumulated at the end =  $312,752 approximately


Related Questions

On 1 January, 2015, Hikers Inc., a U.S.-based company, borrowed £200,000 on a two-year note at a per annum interest of 4.5%. The spot rate on this day was $1.65 per pound. The spot rate on 31 December, 2015, was $1.64 per pound. The journal entries to account for this foreign currency borrowing will include:______

Answers

Answer:

Debit to Interest expenses for $14,760 on December 31, 2015

Explanation:

At the end of December 2014, the accrued interest is to be accounted based on exchange rate prevailing on that date.

The Journal entry would be as follows:

Account Title                  Debit       Credit

Interest expenses        $14,760

Interest payable                             $14,760

(£200,000*4.5%*$1.64 per pounds)

The cost of capital:
A) is the expected rate of return on a capital investment.
B) is the interest rate that the firm pays on a loan from a bank or insurance company.
C) for risky investments is normally higher than the firm's borrowing rate.
D) is an opportunity cost determined by the risk-free rate of return.

Answers

Answer:

Option A: is the expected rate of return on a capital investment.

Explanation:

A capital is usually the money used to start up any business.

Cost of capital is simply cost of company's long-term sources of funds: debt, preferred equity and others. It shows how the market views the risk of the firm's assets. A firm must earn required return to compensate investors for the financing the business.

Dr. Khoury is a chiropractor with his own practice in a rapidly growing community and would like to add staff members to his business to accommodate the increase in his patient base. He needs to hire a second Chiropractor, a Massage Therapist, a Physical Therapist, and a Medical Secretary. The four candidates have the education indicated in the table.

Candidate



Education Level



Candidate A



high school degree, associate’s degree



Candidate B



bachelor’s degree, medical school degree



Candidate C



high school degree



Candidate D



bachelor’s degree, master’s degree





Which candidate would be best suited for each position?

Candidate A: Medical Secretary Candidate B: Chiropractor Candidate C: Massage Therapist Candidate D: Physical Therapist
Candidate A: Massage Therapist Candidate B: Physical Therapist Candidate C: Medical Secretary Candidate D: Chiropractor
Candidate A: Physical Therapist Candidate B: Chiropractor Candidate C: Massage Therapist Candidate D: Medical Secretary
Candidate A: Massage Therapist Candidate B: Chiropractor Candidate C: Medical Secretary Candidate D: Physical Therapist

Answers

Answer:

C

Explanation:

Just took the test

There are criteria used in selection. The candidate would be best suited for each position is candidate C.

What does a chiropractor do?

A chiropractor  is a trained personnel who does Chiropractic adjustment. This is known as a procedure that involves a trained specialists who use their hands or a small instrument as a form of control and  sudden force to a spinal joint of another person.

The aim of this procedure, also called spinal manipulation is mainly to boast spinal motion and boast  the body's physical function.

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define the concept entrepreneur​

Answers

An entrepreneur is a person who manages and organizes a business. They also assume the risk of the business or enterprise.

Answer:

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. Entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, fame, and continued growth opportunities.

Explanation:

This should help you.

What is meant by activity analysis? Give 3 criteria for determining whether an activity adds value.

Answers

Answer:

The definition is summarized below and according to the case provided.

Explanation:

The method of trying to break down another operation into comprehensive steps as well as analyzing every other component independently of someone is activity analysis.

The three criteria for deciding not just whether value addition would be an activity or behavior:

The phase must move the product towards the conclusion. The phase without complete redesign should be performed correctly the first time. The clients are concerned and will compensate for the move to be taken.

If you charge/plug in your phone on a Xbox will the stuff in ur camera roll on your phone be on/in the Xbox???

Answers

Answer:

No.

Explanation:

You said if you charge, so it will only charge your phone. You aren't able to upload photos directly to an Xbox.

Although, if you are pc, you can upload a custom gamerpic easily.

(An example would be a gamerpic, you need the app in order to have a custom gamerpic because it accesses your files).

Answer:

no

Explanation:

A city and school district are coterminous. When evaluating the debt issues of the city, the school district debt would be considered:______

a. Overlapping debt
b. Separate debt
c. Double-barreled debt
d. Underlying debt

Answers

Answer:

a. Overlapping debt

Explanation:

A city and school district are coterminous. When evaluating the debt issues of the city, the school district debt would be considered an overlapping debt.

The city and school district being coterminous simply means that they share the same things in common such as geographic boundaries, locations, scope of business, branch (jurisdiction) strategies and perhaps objectives.

An overlapping debt can be defined as the financial obligations of a municipality that falls partly or is being shared with a nearby jurisdiction (neighboring district, towns etc.)

_____ are the materials used in the main production or manufacturing of a product.


Cost of goods sold

Ending inventory

Beginning inventory

Raw materials

Answers

Answer:

Raw materials

Explanation:

Raw materials refer to items that go into the production systems to produce other goods. They are substances or materials that are processed to make consumable or usable finished products. They include vegetables, flowers, crude oil, animal products, minerals, wood, resin, and latex.

Answer:

It's B - Raw materials

Explanation:

on edge 2021

Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals in total for revenue of $460,000. How many of each did you sell?

Answers

Answer:

140 luncheons, 160 dinners

Explanation:

The number of luncheons and dinners that are sold will be 140 and 160, respectively.

What is the solution to the equation?

The allocation of weights to the important variables that produce the calculation's optimum is referred to as a direct consequence.

Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals in total for a revenue of $460,000.

Let 'x' be the number of Luncheons and 'y' be the number of dinners. Then the equations are given as,

x + y = 300                                                  ...1

1,000x + 2,000y = 460,000                         ...2

From equations 1 and 2, then we have

1,000(300 - y) + 2,000y = 460,000

300,000 - 1,000y + 2,000y = 460,000

1,000y = 160,000

y = 160

Then the value of 'x' is given as,

x + 160 = 300

x = 300 - 160

x = 140

The number of luncheons and dinners that are sold will be 140 and 160, respectively.

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1) which company has the comparative advantage in sports cars ?
2) which company has the comparative advantage in producing family cars?
ANSWER FAST PLEASE !!!

Answers

Hitch company had the company



Step by step explanation

Answer:

C 15 15

Explanation:

edge2021 i hope my sacrifice helps ;-;

Use of technology, employee retention, and HR development have been at the core of HR becoming more strategic at Xerox. Why have those areas been so key?

Answers

Answer:

Explanation:

These three areas have been key because they all complement one another in order to help the company achieve its organizational goals. Technology helps automate all of the data and processes that the company deals with on a daily basis. Employee retention focuses on keeping the employees and making sure that the best employees remain within the company, therefore making sure that the company will perform better than the competition. Lastly, HR development focuses on creating new ways of making the employees happy and making sure that all departments are as efficient as possible. All of which push a company past any barriers and towards achieving their goals.

The paper industry and brewery industry each emit 60 tons of particulates into the air. It costs the paper industry $1,000 to remove 1 ton of particulates, and it costs the brewery industry $1,400 to remove 1 ton of particulates. In an effort to reduce particulate pollution, the government gives each industry tradable allowances worth 50 tons of particulates. We would expect that: Select one:
a.the brewery industry will buy tradable allowances from the paper industry at a cost greater than $1,400 per allowance
b. the brewery industry will buy tradable allowances from the paper industry at a cost between $1,000 and $1,400 per allowance.
c. the paper industry will buy tradable allowances from the brewery industry at a cost between 1,000 and $1,400 per allowance.
d. the paper industry will buy tradable allowances from the brewery industry at a cost greater than $1,400 per allowance

Answers

Answer:

b. the brewery industry will buy tradable allowances from the paper industry at a cost between $1,000 and $1,400 per allowance.

Explanation:

This is the best one to select because, buying of the tradable allowance from the paper industry would be cheaper for the brewery industry. This would enable them to effectively remove more tons of the particulates thereby reducing the air pollution.

_____ is the process of tapping information systems to extract and report data in organized ways that are helpful to decision makers.

Answers

Answer:

The answer is "Business intelligence".

Explanation:

It's a technology-based data mining system that allows managers, customers, and executives to make more informed marketing decisions as well as provides order to make efficient.

It is a system that implies a big data value, which is created as the authority of the data in the organization was being used as a tool.

Select all parts that should be included in a resume.

Answers

Answer:

Objective , contact information, work experience, education and training, education and training, name.

What is the distinctive competency Toyota appears to be hoping to achieve by investing in Uber Technologies?

a. Basic factors of production
b. Intellectual property
c. Organizational architecture
d. Resources

Answers

Answer:

b. Intellectual property

Explanation:

Toyota is investing in Uber a car hailing service company.

Uber has cutting edge technology that makes it stand out from other car hailing services.

Toyota wants to have a part of this technology in order to improve on their cars and make them stand the test of time with regards to customer satisfaction.

To do this Toyota invested $500 million in Uber and in exchange they have access to Uber's intellectual property.

Kenji has had an illness and an accident during the year. His combined out-of-pocket expense for both incidents was $1,000. The insurance company will now start to pay some of his medical expenses. What does the $1,000 represent?

a. Participation (co-insurance)
b. Deductible
c. Coordination of benefits
d. Intemal limits

Answers

Answer:

b. Deductible

Explanation:

Since in the question it is mentioned that Kenji who had an illness and had an accident during the year also the combined out of pocket expenses is $1,000.

So this $1,000 represent the deductible

hence, the correct option is b.

And the other options are wrong

Therefore the same is to be considered

Ivanhoe Corporation has fixed costs of $507,200. It has a unit selling price of $9.00, unit variable cost of $7.35, and a target net income of $1,552,000.

Required:
Compute the required sales in units to achieve its target net income.

Answers

Answer:

Break-even point in units= 1,248,000

Explanation:

Giving the following information:

Unitary contribution margin= 9 - 7.35= $1.65

Fixed costs= $507,200

Desired profit= $1,552,000

To calculate the number of units to be sold, we need to use the following formula:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (507,200 + 1,552,000) / 1.65

Break-even point in units= 1,248,000

Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answers.

A. High school athletes stop shopping there.
B. The inventory of sports socks goes unsold.
C. Sneaker sales were declining before the decision to sell dress shoes.
D. Dress shoes cost less for the store to buy from a supplier.

Answers

Answer:

It's A) High school athletes stop shopping there and B) The inventory of sports socks goes unsold

The scenerio that can be considered as an effects which makes Sole Sister Shoe Store to choose selling of dress shoes over sneakers is because of;

High school athletes stop shopping there.The inventory of sports socks goes unsold.

The reason for this is that the the Sister Shoe Store discover that those schools are not buying sneakers and sport socks like before, and the only way to make her business to move is to adopt another product which is dress.

What is an inventory?

Inventory can be regarded as goods as well as merchandise, and materials that the business hold to sell in the market to earn a profit.

In this business the profit is been shared alone, therefore, A and B are correct.

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The next dividend payment by Dizzle, Inc., will be $2.85 per share. The dividends are anticipated to maintain a growth rate of 5.00 percent, forever. If the stock currently sells for $49.30 per share, what is the required return

Answers

Answer:

10.78%

Explanation:

The next dividend payment for Dizzle incorporation is $2.85

The growth rate is 5%

Current stock price is $49.30

Therefore the required return can be calculated as follows

= dividend payment/stock price + growth rate

= 2.85/49.30 + 5/100

= 0.0578 + 0.05

= 0.1078 × 100

= 10.78%

Answer:b9.89

Explanation:

10-.11=9.89

How much is the price of a perpetual annuity with quarterly payments of $200 starting 4 years from now and discount rate (dr) 8%? Price is always the period prior to the first payment.

a. $7 430.15
b. $9 423.22
c. $7284.46
d. $7 468.70

Answers

Answer:

PV= $7,284.46

Explanation:

Giving the following information:

Cash flow= $200

Interest rate= 0.08/4= 0.02

First, we need to calculate the value of the annuity 4 years from now:

PV= Cf/ i

PV=  200/0.02

PV= $10,000

Now, using the following formula, we determine the value today:

n= 4*4= 16

PV= FV/(1+i)^n

PV= 10,000 / (1.02^16)

PV= $7,284.46

Executives at worldcom committed an $11 billion fraud by capitalizing costs that should have been expensed. What was the effect of this fraud on worldcom's income statement?

Answers

Answer:

net income was too high, expenses were too low

Explanation:

From the question, we are told about how Executives at worldcom committed an $11 billion fraud by capitalizing costs that should have been expensed. In this case the effect of this fraud on worldcom's income statement is that net income was too high, expenses were too low. An income statement which can also be regarded as "profit and loss" account is a financial statement that gives the revenue as well as the expenses of a company at a particular period, so if the Executive capitalize costs that should have been expensed then it equates to the net income been too high while expenses were too low.

Two months ago, Lisa was honorably discharged from the Air Force where she spent four years training as an airplane mechanic. After discharge, she relocated to take a 40 hour per week apprentice mechanic job with a major airline company where she earns $18 an hour. Last month, her husband Dave, who has worked the past two years as a registered nurse, found a nursing job with a local hospital making $625 per week. They just bought a new car and pay $400 each month on that loan and have no other monthly debts.

What is the maximum mortgage payment (PITI) a lender would allow for a conventional loan based on the housing expense ratio?

Answers

Answer:

The maximum mortgage payment (PITI) a lender would allow for a conventional loan based on the housing expense ratio is:

$1,506.40

Explanation:

a) Data and Calculations:

Lisa works 40 hours at $18 an hour

Lisa weekly income = 40 * $18 = $720

Lisa monthly income = 40 *$18 * 4 = $2,880

Dave weekly income = $625

Dave's monthly income = $625 * 4 = 2,500

Total joint monthly income =            $5,380

b) If Lisa and Dave, her husband, file jointly for taxes, then the maximum mortgage payment (PITI) they can make is 28% of the gross income.

Therefore PITI = $5,380 * 28% = $1,506.40

c) The housing expense ratio is the percentage of your gross monthly income devoted to housing expenses, which should not exceed 36% of your monthly or annual gross income.  According to the general rule, the household expense payments, primarily rent or mortgage payments, cannot exceed more than 28% of the monthly or annual income.

Which of the following is a capital expenditure? Payment of an account payable. Retirement of bonds payable. Payment of Federal income taxes. None of these answers are correct.

Answers

Answer:

The correct answer is the last option: None of these answers are correct.

Explanation:

To begin with, the name of "Capital Expenditure", in the field of business refers specifically to the money that a company spends with the purpose to buy, maintain or improve its fixed assets. Therefore that it is quite simple to recognize the assets that are considered to be capital expenditure due to the fact that they are the ones in which the money is spended in order to extend the useful life that they have or when they are recently new and intend to stay in the company for a considerable period of time. Examples of capital expenditure are: vehicles, buildings, equipments or land.  

Lorraine works for a company that does not pay very well. She relies heavily on extra paychecks that her company gives out a couple of times a year. Lorraine relies on what type of pay?

Answers

Answer: Bonus pay plan of individual-level performance-based pay

Explanation:

In this scenario, an extrinsic reward used here is the bonus pay plan. An extrinsic reward simply means a reward that is being given to the employee of a particular company after a particular thing has been achieved.

Here, a bonus pay plan of individual-level performance-based pay is being used. A bonus is given to the employee for meeting a particular requirements. Bonus are calculated base on either the percentage of ones wages or salaries or by using a flat rate.

principals of manegment ​

Answers

Answer:

The answer is "Option d".

Explanation:

The management team consists of the coordination of any resources in the preparation, organization, analysis, and administration of the project to reach specific goals.  

It is how something will be handled, treated intently, monitored, or managed by a company or group.  Managers work as planners, supervisors, and managers thru the four roles, administrators, which focus on making their staff, processes, projects, and companies more efficient and effective in all fields.

Use the drop-down menus to identify the career that matches the description.

1.) Oversees the finances for an organization:
A.) Risk Management Specialist
B.) Investment Fund Manager
C.) Brokerage Clerk
D.) Treasurer

2.) Helps individuals create strategies for budgets, taxes, and investments:
A.) Financial Services Sales Agent
B.) Securities Trader
C.) Personal Financial Advisor
D.) Budget Analyst

3.) Manages the paperwork for buying and selling securities:
A.) Brokerage Clerk
B.) Risk Management Specialist
C.) Financial Services Sales Agent
D.) Commodities Trader

4.) Oversees a large number of combined investments:
A.) Treasurer
B.) Commodities Trader
C.) Investment Fund Manager
D.) Personal Financial Advisor

Answers

Answer:

sorry ik i’m late to answer but hopefully it can help someone else

Explanation:

1) D. Treasurer

2) C. Personal financial Advisor

3) A. Brokerage clerk

4) C. Investment fund manager

D. Treasurer

C. Personal Financial Advisor

A. Brokerage clerk

C. Investment fund manager.

What is the meaning of Treasurer?

The person in charge of an organization's treasury is called the treasurer. Cash as well as liquidity administration, and risk management, including corporate finance are among the important basic responsibilities of a corporate treasurer.

The term originally referred to an individual in charge of a noble's riches, but it is now more widely used. The Lord High Treasurer served as the third major officer of the Crown on various occasions in England throughout the 17th century.

The safeguarding of assets is the role of accounting. It keeps a record of all things by keeping accurate records, so everyone may always know what resources are accessible. The Treasury is accountable for handling funding. It assesses risk and protects an organization's financial stability. Treasurers prioritize income through expanding investments, for example. In the structure of the finance department, the role of the nonprofit treasurer focuses on accounting and bookkeeping as well as managing the company's monetary adviser.

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The consumer price index was 200 in 2008 and 190 in 2009. The nominal interest rate during this period was 4.5 percent. What was the real interest rate during this period

Answers

Answer:

the real interest rate is 9.5%

Explanation:

The computation of the real interest rate is shown below:

But before that inflation rate need to be determined

Inflation rate is

= [CPI this year - CPIlast year] ÷ CPI last year

= {(190 - 200) ÷ 200} ×  100

= -0.05 × 100

i = -5%

Now the real interest rate is

real interest rate = nominal interest rate - inflation rate

= 4.5% - (- 5%)

= 9.5%

Hence, the real interest rate is 9.5%

Darwin Inc.sells a particular textbook for $24. Variable expenses are $16 per book. At the current volume of 52,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:_____

a. $416,000
b. $832,000
c. $1, 248,000
d. $1, 664,000

Answers

Answer:

$416,000

Explanation:

Darwin sells a particular book for $24

Variable expenses are $16

The current volume of book sold is 52,000 books

The first step is to calculate the unit Contribution margin

= $24-$16

= $8

Therefore the fixed expenses that is associated with the book can be calculated as follows

=52,000 × 8

= $416,000

What is the present value of a four-period annuity of $150 per year that begins two years from today if the annual rate of return on similar investments is 9%?

Answers

Answer:

$409.02  

Explanation:

In the first place, we need to determine the present value of the yearly annuity at the beginning of payout in 2 years:

PV=yearly payment*(1-(1+r)^-n/r

yearly payment=$150

r=annual rate of return on similar investments =9%

n=number of annual payments=4

PV=$150*(1-(1+9%)^-4/9%

PV=$150*(1-(1.09)^-4/9%

PV=$150*(1-0.708425211 )/9%=$485.96  

Present value in 2 years=future value today=$485.96  

PV=$485.96 /(1+9%)^2=$409.02  

Sponsorship is an effective marketing strategy, particularly for sporting goods and recreational equipment.

Answers

Answer:true

Explanation: just took the test

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3. Consider the equation s +10 = 25.(a) Write a real-world problem that can be solved using the equation. Explain how you can use properties of operations as strategies to evaluate each expression using mental math. Then evaluate the expression.a. 0.6+12.7+1.4+2.3b. 4.5 + 3.9 + (0.5) + (4) c . 8 35 9 12 + 1 25d. 485+678385 1 2 3 4 5 6 7 8 9 10 The three basic economic questions include all the following except __________. A. who will use the products produced B. what goods and services to produce C. how the products will be produced D. who will produce the products Please select the best answer from the choices provided A B C D What feeling for her grandmother does the author of I Know Why the Caged Bird Sings reveal most clearly in her descriptions?A fearB. respectC. impatienceD. protectivenessReview I dont understand Brian spent $36 on fruit at the grocery store. He spent a total of $40 at the store. What percentage of the total did he spend on fruit? A certain forest covers an area of 3000 km^2. Suppose that each year this area decreased by 8%. What will the area be after 15 year? Round answer to nearest square kilometer Simplify the expression using the order of operations.(8+62)11+72 Solve for x in the equation below.(x 2) = 1/4(x 8) "There must be hope," he says. Which character most offers hope that the feud between the Capulets and Montagues could end? In four to six sentences, explain your answer using examples from the play. Use proper spelling and grammar. When Isaac was born he weighed 8 pounds. How many ounces are equivalent to 8 pounds? What were Texas settlers looking for when they left the us and were looking to settle in Mexican Texas? 1.562 g sample of the alcohol CH3CHOHCH2CH3 is burned in an excess of oxygen. What masses of H2O and CO2 should be obtained Pls get it right this is a test who ur fav president Raju bought a book for Rs.35.65. He gave Rs.50 to the shopkeeper. How much money did he get back from the shopkeeper? I dont know why I did this Explain the concept of social Darwinism. How did this idea encourage European settlers to treat native Africans differently?Please hurry Compare the perimeter and area of the original figure to the enlarged figure using proportions.A small rectangle has a length of 2, and a width of 1. A large rectangle has a variable length of b, and width of 2. StartFraction enlarged side (2) over Original side (1) = StartFraction Enlarged perimeter (4 + 2 b) over Original perimeter (6) EndFraction. (StartFraction enlarged side (2) over Original side (1) EndFraction) squared = StartFraction Enlarged area (2 b) over Original area (2) EndFractionWhich statements describe true relationships? Check all that apply.The enlarged area is 4 times the original area, which is the square of the scale factor.The scale factor is One-half.The enlarged perimeter is 2 times the original perimeter, which is the scale factor.The perimeter is proportional to the scale factor and the area is proportional to the square of the scale factor.The enlarged area and perimeter are equal.plz help me I will mark brainliest and give thanks :D but only if you can it's fine if you don't know the answer. What led to the fall of the Ottoman Empire?