Karl opens a savings account with $2500. He deposits $1500 every year into the account that has a 0.75% interest rate, compounded monthly. If he doesn't withdraw any money, what will the account balance be in 10 years?

Answers

Answer 1

Answer:

Total FV= $29,335.25

Explanation:

First, we need to calculate the future value of the initial investment ($2,500) using the following formula:

FV= PV*(1 + i)^n

PV= $2,500

i= 0.0075

n=10*12= 120 months

FV= 2,500*(1.0075^120)

FV= $6,128.39

Now, the future value of the $1,500 annual deposit:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

We need to determine the effective annual rate:

Effective annual rate= (1.0075^12) - 1= 0.0938

FV= {1,500*[(1.0938^10) - 1]} / 0.0938

FV= $23,206.86

Total FV= $29,335.25


Related Questions

What is the proper balance between dealing with negative externalities through government regulation or through torts?

Answers

Answer:

Government regulation is the best way to deal with negative externalities

Explanation:

An externality is the effect of the activities ( mostly economic ) of an individual on third parties whom are not direct participants in such activities ( mostly economic ) and this externalities can be either positive or negative .

A proper balance by which Government can deal with negative externalities is by increasing taxes on the production of goods and services that leave a trail of negative externalities on  third parties. that way the cost of production of such goods and service will discourage its production

Which of the following is another name for hard skills?
A. People skills
B. Technical skills
C. Management skills
D. Study skills

Answers

Technical skills is another term that is used to refer to hard skills.

What is meant by technical skills ?

Technical skills are the specialized knowledge and proficiency needed to carry out certain activities and make use of particular equipment and programs in practical settings. Almost every sector and industry, from IT and business administration to health care and education, need a wide range of technical abilities.

Technical skills are specialized knowledge or talents that may be applied to real-world work in the fields of math, science, technology, engineering, and the arts. The use of certain tools and the technology needed to employ those tools are often prerequisites for technical abilities.

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Answer:B. Technical Skills

Explanation:

took the test

Explain the importance of scale of preference to individual​

Answers

Opportunity cost like other basic concepts of Economics – scarcity, scale of preference and choice is important to an individual who represents the consumer or household, or firm or productive unit and the government that form the three decision making bodies in an economy.

A scale of preference can be defined as the list of a person's needs or wants written in an order of importance. You will observe that the person puts his most important needs or wants at the top of the list.

A scale of preference is a list of goods and services (for example, shoes, socks, books, haircut, and so on) prepared for purchase in order of priority. It is a priority rating of all individual wants, according to their importance in one's valuation and the means to achieve or obtain them.

what are the strengths of an entrepreneur​

Answers

Answer:

They're not afraid to take chances

Explanation:

Being an entrepreneur is not for the faint heart but the "if you build it they will come" mentality doesn't always work either. It takes balance of solid planning and research to justify making those leaps of faith

A hair salon designed to appeal to children does not use the standard salon furniture. Instead, children sit on carousel horses to get their haircuts. Large TV monitors strategically located throughout the salon show kid-targeted videos and cartoons are there to entertain the children. The child-friendly hair salon's servicescape serves in what two capacities?

Answers

Answer:

a differentiator and facilitator

Explanation:

Since  in the question it is mentioned that hair salon would be designed for children where the standard furniture would not be used rather using this, the children would sit on carousel houses for their haircuts also the cartoon videos should be shown to them so here the two capacities would be differentiator and facilitator as it is different in providing the service and here the learning would be easy

True or False: The parts of the cells called, cellular respiration, glucose and oxygen combine to make carbon dioxide and water releasing energy.

Answers

Answer:

Ture

Explanation:

Answer:

True

hope it helps you have a good day ☺️

PLLZZ HELLLP DUE IN 1 MINNNN
Which list of integers is in order from least to
greatest?
A -42, -39, -4, 40, 41
B -42, 41, 40, -39, -4
C -4, -39, 40, 41, -42
D 41, 40, -4, -39, -42

Feel it all so certainly
I can't stop now, I'm in too deep
And I overtake my senses
And I'll never be in jeopardy
(wave lyrics)

Answers

Answer:

A is the correct answer I think hope this helps

Answer:

A

Explanation:

When the lights dim

And we conquer

You start to feel the pull

I can't help but (help but)

Scream out (scream out)

We're unstoppable

Like a wave

Like a wave (Riding on that energy)

Like a wave (Sifting through the memories)

Like a wave

Riding on that energy

Soaking through the memories

I can't hold back

I'm riding on that energy

Ignite the electricity

Cause you haven't seen the last of me

I'm more than just a memory

Push has just begun to pull

I-I-I can't help but (help but)

Scream out (scream out)

We're unstoppable

Like a wave

Like a wave (Riding on that energy)

Like a wave (Sifting through the memories)

Like a wave

Riding on that energy

Soaking through the memories

I can't hold back

Like a wave

Like a wave (Riding on that energy)

Like a wave (Sifting through the memories)

Like a wave

(I can't hold back)

Like a wave (Riding on that energy)

Like a wave (Sifting through the memories)

I can't hold back

PLS ANSWER FAST, I'LL GIVE BRAINLIEST

In the healthcare field, there are face-to-face types of jobs and behind-the-scenes jobs. What is the difference between the two? PLEASE give an example of each with your answer.

Answers

Answer:

The answer is below

Explanation:

Face-to-face types of jobs is usually a clinical job that involves the practice or activities of carrying out the diagnosis, treatment, and actual care. For example Physician, Nurse, Surgical Assistant, Medical lab technician, etc.

On the other hand, Behind-the-scenes jobs in the healthcare fields are usually non-clinical jobs, while it may involve interaction with the patients, it does not involve the practice of medical testing or treatments. For example Medical billers and Coders, Transcriptionists, Hospital executives, Receptionists, etc.

The difference between the two is that some doctors meet with the patient and observe their symptoms. Other doctors diagnose what a patient may have by using the knowledge the other doctors provide them with.

Example of a doctor who interacts with the patient face-to-face:

pediatrician

Example of a doctor who works behind the scenes:

Intensevist

Explain the functions of a trade union. (6)

Answers

Answer:

Trade unions will organize strikes and demonstrations on behalf of worker demands. Fight for social welfare for workers. Promote and advocate for education and proper training for workers. Advocate and fight the government for legislative protection for workers.

Answer:

the functions of a trade union:

i. Increasing Co-operation and Well-being among Workers

ii. Securing Facilities for Workers

iii. Establishing Contacts between the Workers and the Employers

iv. Trade Unions working for the Progress of the Employees

v. Safeguarding the Interests of the Workers

vi. Provision of Labor Welfare

Hope it helps!!!

why is cost price important in price determination?​

Answers

Answer:

The cost price is the price you buy a product for. You need to compare the cost price to the selling price to know whether you got a profit or loss (did you make money or did you not).

If you don't know the cost price, you don't know whether you have a profit or loss. Of course everyone wants a profit (make money) so to determine a selling price the cost price is important.

answer

The most important factor affecting the price of a product is its cost. ADVERTISEMENTS: Product cost refers to the total of fixed costs, variable costs and semi variable costs incurred during the production, distribution and selling of the product. ... The price for a commodity is determined on the basis of the total cost.

In a well-diverted portfolio, _______ risk is negligible.

A) Nondiversified
B) Firm-specific
C) Systematic
D) Market

Answers

C systematic risk is negligible


Unit 4 Marketing Information Systems Test

Answers

Answer:

bro what tryna say in this question

Which of the following is not an example of an operational cost?

A. the cost of the manufacturing process

B. the cost of supplies

C. the cost of hiring contractors

D. the cost of opening the business

Answers

Answer:

D

Explanation:

Direct expenses are operational expense that can be straightforwardly applied to creating a particular expense object, similar to a decent or administration. Cost objects are things that expenses are alloted to. Instances of direct expenses incorporate direct work, direct materials, and assembling supplies.

Brainliest?

The example of an operating cost does not involve the option d. the cost of opening the business

What are the direct expenses?

It is considered to be the operational expense that should be applied for developing the specific expense object.

An example of the direct expense is direct material, supplies assembling, etc.

Therefore, the option d is correct.

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What is an advantage of using credit cards? (Select the best answer.) Credit cards are protected from loss or theft. Credit card accounts can be used as savings accounts. Credit card accounts are always easy to understand. Credit cards have low interest rates.​

Answers

Answer:

The answer is the last one which is credit cards have low interest rate

Explanation:

I think so

Answer:

Credit Cards are protected from loss or theft.

Explanation: THIS IS THE CORRECT ANSWER NOT THE OTHER ONE PEOPLE!

An example of a variable cost is


A) payroll

B) insurance

C) rent

D) labor

Answers

Your answer is Insurance

Answer:

labor

Explanation:

insurance is wrong on edge

_____ are best described as costs that occur due to political maneuvering by managers to control capital and resource allocation and the resulting inefficiencies stemming from suboptimal allocation of scarce resources.

Answers

Answer:

The Answer is

Explanation:

INFLUNCE COST

In the past, jaleel's vacation time has been spent at home catching a few local attractions when she could afford them. this year, she received a big bonus at work and has decided to finally take the trip to europe that she has always dreamed about. jaleel's purchasing behavior has changed due to_________.


a. the income effect.

b. the substitution effect.

c. cross-price elasticity.

d. the complementary products effect.

e. the substitute products effect.

Answers

Answer:

a. the income effect.

Explanation:

The income effect is the change in demand with respect to the good or service that due to change in the purchasing power of the consumer results in change in real income

Since in the situation it is mentioned that she received a big bonus this year and she decided for a trip to europe so here the purchasing power would be changed due to the income effect

hence, the option a is correct

Sabrina bought a new washing machine. She put $50 down and pays $50 per month for the next 10 months to be able to make the purchase. Which type of credit did she use?

A. an installment sales credit

B. an installment cash credit

C. a single lump-sum credit

D. a bank line of credit

Answers

I’m pretty sure it’s A. I hope this helped!

Sabrina uses an Installment sales credit. Thus the correct answer is A.

What is an installment?

When an individual borrows a fixed amount of money from another person, bank, or financial institution he has to return the borrowed funds in smaller amounts. This smaller amount which is paid by the borrower is referred to as installments.

This installment helps an individual to borrow a big amount of money when needed and allows them to pay in smaller quantities to avoid any financial burden.

In a an installment sales credit, a person is allowed to have Credit sales which is a method for businesses to increase customers' compensation deduction options for a limited time.

In this case when Sabrina bought a new machine. she puts$50 down and Pays $50 per month for the next months reflecting the presence of sales credit.

Therefore, option A an installment sales credit is the appropraite answer.

Learn more about sales credit, here:

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Melissa is creating a speech for her public speaking class. She needs to reference a popular culture trend at her school and it is difficult to
explain with words alone. What type of presentation aid could help her in this situation?

A. Slideshow

B. Whiteboard

C. Video

D. Handout

Answers

A I think would be the best answer. Like a picture or explanation on a slideshow.

Terrance has just signed a contract with a bank to get a loan to buy a new house. What is TRUE about this contract? A. Both the bank and Terrance share power of attorney. B. Terrance has participated in a guarantee of gain. C. Both parties now have an obligation to their agreement. D. Terrance is required to submit a verbal agreement.

Answers

Answer: C. Both parties now have an obligation to their agreement.

Explanation:

When parties get into a contract, they have a legal obligation to each other to fulfill their part of the agreement or the other party will be able to seek redress in a court of law.

Terrance and the bank are now parties to an agreement to provide Terrence with a loan to buy a house. The bank will have to fulfill this obligation by giving Terrence the loan and Terrence will fulfill his side of the agreement by making payments as stipulated in the loan covenant.

When writing a business plan, it
is important to think about the competition. Think of a
product or service you use often. What are the advantages it
has over competing products?

Answers

Depends on the product you are intending on introducing to the public

Say you are developing a phone, what features does it have over Apple? Let’s say Apple released a new feature, the greatest touch screen by average standards, so how can you top that? You can’t cause it’s the “greatest” by average standards

HELP ITS DUE TODAY!! list things that the government can do to create more employment ​

Answers

Answer:Reduce Interest Rates

Cut Business Payroll Taxes for New Hires

Spend on Unemployment Benefits

Defense Spending and Job Creation  

Explanation:

things that the government can do to create more employment ​

Answer

Reduce Interest Rates Spend on Public Works Spend on Unemployment Benefits Cut Business Payroll Taxes for New Hires Defense Spending and Job Creation When to Use Expansionary Fiscal Policy Job Creation Statistics Presidents Adding Jobs

Your friend Marco loves being on his phone and interacting on social media. He knows that you are studying different careers and asks you what kinds of careers he might consider that would allow him to learn more about communications. You know that advances in telecommunication are always being introduced, and in the future more and more people will be needed in the Energy cluster to design, create, advertise, and sell new ways of communicating. List two careers that he could pursue along the telecommunication pathway. What kind of skills or talents would he need in these two careers? How could he gain the talents or skills to succeed in these two careers?

Answers

Answer: The two pathway he can pursue on telecommunication pathway are public relations and social media manager. This is considering the fact that he loves interacting with the world on social media.

Explanation:

The two pathway he can pursue on telecommunication pathway are public relations and social media manager. This is considering the fact that he loves interacting with the world on social media.

The kind of skills he would need in this career are communicating skills and branding or marketing. In communication skill, he would need to know how to interact with various kinds of people on social media and how to present products to them. On branding skills, he would need to know how to build and maintain brands, which are a window to how organizations are seen.

To gain the talent or skills, he would need to enroll in college to study public relations or marketing, then there after take up multiple trianings on relating to them.

On December 31, 2021, Perry Corporation leased equipment to Admiral Company for a five-year period. The annual lease payment, excluding nonlease components, is $40,000. The interest rate for this lease is 10%. The payments are due on December 31 of each year. The first payment was made on December 31, 2021. The normal cash price for this type of equipment is $125,000 while the cost to Perry was $105,000. For the year ended December 31, 2021, by what amount will Perry's earnings increase due to this lease (ignore taxes)

Answers

Answer:

$20,000

Explanation:

Calculation to determine by what amount will Perry's earnings increase due to this lease

Using this formula

Selling price=Fair value-Cost

Let plug in the formula

Selling price=$125,000-$105,000

Selling price=$20,000

Therefore The amount that Perry's earnings will increase due to this lease is $20,000

4. How do dependent tasks differ from primary tasks? ​

Answers

Answer:

The answer is below

Explanation:

Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.

On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.

While in the planning stage, what would a project manager create through the use of software?
O a proposal for what the project will entail
O a list of goals for the project to meet
O a timeline or schedule for the project
O an evaluation of the project

Answers

an evaluation of the project

find the area of the squarewhose perimeter is 224cm

Answers

Answer:

3,136

Explanation:

area=3,136 hope that this helps you .I think that's the answer

argue that use of english is important to chartered accountant​

Answers

Explanation:

There are several ways that a CA aspirant can become fluent in the English language. The best way is to take short-term English language classes that will give some fluency in English. There are several such English courses available from leading institutes in India. Also, you can take simple online English language courses to improve English language fluency.

English language fluency is important for CA aspirants. It’s not only necessary to pass all exams to become a CA but also in your routine work, after becoming a CA. Hence, learning English and becoming fluent in this language is very important.

What is the most important information you need to receive a stock quote?

Answers

Answer:

Hello Again!!! (Do you remember me?)

Explanation:

The information that we can get from a stock quote is usually consisting of a bid price, previous bid details, or the total quantity of trade. Generally the stock quote represents the price of share. It usually consists of all previous details of stock that the seller and buyer had finalized before agreeing to final decision.

How can a budget process help you achieve your life-span goals?

Answers

Answer:

10 ways to achieve your life goals

(1) choose goals that inspire you

(2) be proactive

(3) no more negativity

(4) be balanced

(5) break it down

(6) embrace failure

(7) tell everyone

(8) get help

(9) trace your progress

(10) visualise the end result

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