if you deposit $63,912 annually at the end of every year in a bank account paying 10 nnually, how much would you have saved at the end of six years? round your answer to the nearest one
Answers
You would have saved approximately $492,746 at the end of six years with an annual deposit of $63,912 in a bank account paying 10% annually. Rounded to the nearest one, the answer is $492,746.
To calculate how much you would have saved at the end of six years with an annual deposit of $63,912 in a bank account paying 10% annually, we can use the formula for the future value of an annuity:
FV = Pmt x (((1 + r)^n) - 1) / r
Where:
- FV is the future value of the annuity
- Pmt is the annual payment amount ($63,912 in this case)
- r is the annual interest rate (10% or 0.1 as a decimal)
- n is the number of years (6 in this case)
Plugging in the values, we get:
FV = 63912 x (((1 + 0.1)^6) - 1) / 0.1
FV = 63912 x (1.771561 - 1) / 0.1
FV = 63912 x 0.771561 / 0.1
FV = 492,745.82
Therefore, you would have saved approximately $492,746 at the end of six years with an annual deposit of $63,912 in a bank account paying 10% annually. Rounded to the nearest one, the answer is $492,746.
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Related Questions
the production manager for the classic boat corporation must determine how many unitsof the classic 21 model to produce over the next four quarters. the company has a beginninginventory of 100 classic 21 boats, and demand for the four quarters is 2000 units inquarter 1, 4000 units in quarter 2, 3000 units in quarter 3, and 1500 units in quarter 4. thefirm has limited production capacity in each quarter. that is, up to 4000 units can be producedin quarter 1, 3000 units in quarter 2, 2000 units in quarter 3, and 4000 units in quarter4. each boat held in inventory in quarters 1 and 2 incurs an inventory holding cost of$250 per unit; the holding cost for quarters 3 and 4 is $300per unit. the production costsfor the first quarter are $10,000 per unit; these costs are expected to increase by 10% eachquarter because of increases in labor and material costs. management specified that theending inventory for quarter 4 must be at least 500 boats.
Answers
The company has a beginning inventory of 100 Classic 21 boats, and demand for the four quarters is 2000 units in quarter 1, 4000 units in quarter 2, 3000 units
What is demand?Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the number of things that consumers are prepared and willing to purchase at various prices within a specific time frame.
The average inventory level has been taken as (Beginning Inventory + Production + Ending Inventory) / 2. However, in some texts, one may find formulae like (Beginning Inventory + Ending Inventory) / 2. But the first formula becomes the production manager for the classic boat corporation must determine how many units of the classic 21 model to produce over the next four quarters
Therefore, The company has a beginning inventory of 100 Classic 21 boats, and the demand
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you have to wait until it says i posted it 1 minute ago if answer before u will be elminated 2 more to go
Answers
Answer:
GG
Explanation:
GG
Answer:
Yay I finally got to say something! Hi I hope you have had a good day! :) I would love to be brainliest because I never have been :')
____ reading will increase your focus and concentration, help you understand the reading, and prepare you to study.
Answers
Answer:
Active.
Explanation:
Active reading can be defined as a process which typically involves an individual being focused on his or her study. It is aimed at acquiring knowledge and understanding of a particular subject or topic without distractions.
Hence, active reading will increase your focus and concentration, help you understand the reading, and prepare you to study.
explain the technical barriers Taiwan is facing in importing and
exporting.
Answers
Taiwan is facing various technical barriers in importing and exporting. These technical barriers affect Taiwan's economy, as well as its ability to establish and maintain international business relations.
Some of the technical barriers include the following:Product standards and certification:The first technical barrier is the standards and certification of products. Each country has its own standards and regulations that imported goods must comply with. The certification process can be quite complicated and time-consuming, making it difficult for Taiwanese businesses to export their products.Inspection procedures:Many countries have rigorous inspection procedures to ensure that imported goods meet their standards. However, these procedures can be challenging for Taiwanese businesses to navigate, particularly if they do not have experience dealing with these procedures.Import restrictions:Some countries place restrictions on the import of certain products, such as agricultural or food products. These restrictions can be difficult for Taiwanese businesses to navigate, as they may not have experience dealing with these types of regulations.
Technical regulations:Technical regulations are often used to protect domestic industries from foreign competition. However, these regulations can be difficult for Taiwanese businesses to comply with, particularly if they are not familiar with the regulations in question.Overall, these technical barriers can have a significant impact on Taiwan's ability to import and export goods. To overcome these barriers, Taiwanese businesses must be aware of the regulations and procedures in the countries they are doing business with and ensure that their products meet the relevant standards and certifications.
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What does it mean to say that a "business" has responsibility?
Answers
Answer:
They can operate a business however they choose, but it must be fair and right to society.
Explanation:They must keep their hours everyday, fair prices, etc
Drag each tile to the correct location. Match each scenario to the appropriate form of business communication. Arty wants to talk with a coworker about providing support for another coworker. Samir wants to share an editing checklist he created with his team. Elena wants to quickly ask her team leader a question about a task she's working on. Rosanna needs to talk to an employee about his poor performance.
Answers
Answer:
digital messaging:
Samir wants to share an editing checklist he created with his team.Elena wants to quickly ask her team leader a question about a task she’s working on.face-to-face or phone calls
Rosanna needs to talk to an employee about his poor performance.Arty wants to talk with a coworker about providing support for another coworkerThe cost of interest of a $500 loan for 12 months is $21.88. What is the interest rate charged for the loan per year?
Answers
Answer:
4.19%
Explanation:
((500/(500+21.88)-1)*100
Please Help!!!! My 5th time posting this please actually help me!
In the workplace, new devices and technologies are transforming the way we exchange information and conduct business. List and concisely describe at least six electronic communication channels used most commonly by businesspeople today.
Answers
Answer: My answer is in the photo below. Hope it helps.
when effective leaders hear others complaining about a problem, which action would they most likely take?
Answers
When effective leaders hear others complaining about a problem, THE action would they most likely take is: To try to learn how big the problem really is.
Who is a leader?A leader is person that possess a leadership skills and help to direct and lead the people that are under him/her.
An effective Leaders does not ignore problems but they tend to learn how big the situation and try to figure and solve it.
Therefore the action would they most likely take is: To try to learn how big the problem really is.
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Question 6 of 10
Which of the following speeds will produce lowest miles per gallon?
A. 75 mph
B. 45 mph
C. 85 mph
D. 55 mph
Answers
What are the key characteristics of a well-designed performance appraisal?
Select all that apply.
Focus on job-related tasks
Conducted by a trained manager
Based on company policy
Opportunities for employee feedback
Clear management feedback
Answers
The key characteristics of a well-designed performance appraisal include a focus on job-related tasks, being conducted by a trained manager, based on company policy, providing opportunities for employee feedback, and clear management feedback.
How can you describe the well-designed performance ?Firstly, the performance appraisal should focus on job-related tasks to ensure that the evaluation is objective and fair. This means that the appraisal should measure employee performance against job-related criteria, such as job responsibilities, goals, and objectives.
Secondly, a well-designed performance appraisal should be conducted by a trained manager who has experience in conducting appraisals and who understands the company's policies and procedures for conducting them.
Thirdly, the appraisal should be based on company policy, ensuring that all employees are evaluated in a consistent and fair manner.
Fourthly, there should be opportunities for employee feedback, allowing employees to provide their input on their own performance and the appraisal process.
Finally, the appraisal should provide clear management feedback, including specific examples of areas where the employee has excelled, as well as areas where improvement is needed. This feedback should be constructive and provide guidance for the employee on how to improve their performance.
Overall, a well-designed performance appraisal should be fair, consistent, and provide valuable feedback to both the employee and the manager.
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why did european countries and the u.s. have an increase in global manufacturing while middle eastern and asian countries production declined?
Answers
The increase in global manufacturing in Europe and the U.S. can be attributed to their technological advancements, skilled labor force, and favorable economic policies, while the decline in production in Middle Eastern and Asian countries can be attributed to political instability, poor infrastructure, and rising labor costs.
There are several factors that contributed to the increase in global manufacturing in European countries and the U.S. while production declined in Middle Eastern and Asian countries.
One of the main reasons for the increase in manufacturing in Europe and the U.S. was the development of advanced technologies and innovations in manufacturing processes. This allowed for increased efficiency, productivity, and lower costs, making it easier for companies to produce goods on a large scale. Additionally, these countries have well-established infrastructure, skilled labor, and favorable economic policies that have enabled them to attract foreign investment and increase their competitiveness in the global market.
On the other hand, Middle Eastern and Asian countries have faced challenges in their manufacturing sectors due to a variety of factors. Many of these countries have struggled with political instability, corruption, and poor infrastructure, which have made it difficult for businesses to operate effectively. Additionally, labor costs have risen in many of these countries, making them less competitive in the global market.
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If someone introduces himself using a formal introduction, you should _____.
address him formally and suggest that he need not be formal with you
ask him how he would like you to address him
follow his lead and address him formally
address him informally and suggest that you prefer informal greetings
Answers
Answer:
Follow his lead and address him formally
Explanation:
If someone addresses you formally, that is because that person expects the conversation to be formal, or because you both are in a formal enviroment, for example, a work meeting. For this reason, the best to do in such situation is to address the other person formally as well.
Brad, a manager at a new investment firm, is performing job evaluation. He selects 12 benchmark jobs in the firm and then ranks each of these jobs against compensable job factors such as physical effort, responsibility, skill, and nature of the working conditions. This ranking is based on job descriptions created during job analysis. Later, the management meets as a group and develops a consensus on the assigned values for each job. In the given scenario, which of the following systems or methods is Brad most likely using for job evaluation?
A) The point system
B) The classification system
C) The factor-comparison method
D) The market-basket analysis method
Answers
Answer:
C) The factor-comparison method
Explanation:
It is correct to say that the method for evaluating jobs that Brad is using in this scenario is the method of comparing factors, which consists of evaluating various factors of the job and not just the job itself. This method is advantageous due to the ease of application and classification of factors, such as those classified as compensable work factors such as physical effort, responsibility, skill and the nature of working conditions.
The objective of the factor comparison method is then to promote a remuneration corresponding to each value attributed to the job's working factors and thus to promote a fairer remuneration according to the position.
Which of the following is an example of a foreign direct investment (FDI)?
1. A company in the United States sells payroll software to companies in Western Europe.
2. Continental Wire Company buys real estate in New Zealand to build a new factory.
3. An appliance manufacturer hires a new regional sales manager to serve countries in Latin America.
4. A US medical supply company and a hospital in Greece join forces to create a new business.
Answers
An example of a foreign direct investment is when Continental Wire Company buys real estate in New Zealand to build a new factory. Option 2.
What is foreign direct investment about?Companies or governments considering foreign direct investment (FDI) generally look for target firms or projects in open economies with a skilled workforce and above-average growth prospects. Fairer government regulation is also valued. FDI is frequently more than just capital investment.
Management, technology, and equipment may also be provided as part of the investment. Foreign direct investment has the important feature of establishing effective control of the foreign business or at least significant influence over its decision making.
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Project: Using Simple Formulas
Suppose you work for a technology company and you are taking a business trip to Japan to purchase some parts. The Japanese use
yen for their currency. When you arrive in Japan, the manufacturers have listed the prices In yen. To figure out how much you are
spending, you will need to convert the prices in yen to U.S. dollars. You know that one U.S. dollar equals 105.06 yen at the time of your
trip, so you use your spreadsheet to make this conversion. You enter a price in one cell and in another cell, you enter a formula that
multiplies the price by 105.06. In this way, you can quickly see how much an item costs in U.S. dollars.
Answers
Answer:
the ansowre would be c
Explanation:
why is scarcity a fundamental problem in economics
Answers
Answer:
Scarcity or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants.
Explanation:
Society would produce, distribute, and consume an infinite amount of everything to satisfy the unlimited wants and needs of humans.
Which of the following is true of brand personalities?
They are not as important as brands' names and logos
They are determined by consumers' perceptions, but influenced by the process of branding
They are determined by the process of branding, but influenced by consumers' perceptions
They are not developed until a brand is nationally known
Answers
Answer:
they are determined by consumer's perceptions, but influenced by the process of branding is answer.
Explanation:
I hope it's helpful!
How are productivity, earnings, and standard of living related?
Answers
Answer:
u work hard for the life u want
why is Africa called plateaus of plateu?
Answers
Answer:
Africa is called the plateau continent because almost the entire continent is raised above sea level and drops sharply off at the coast.
Explanation:
sana makatulong ❤❤
Answer:
continent because almost the entire continent is raised above sea level and drops sharply off at the coast.
Explanation:
Your client's investment portfolio is 50% growth stocks, 10% foreign stocks, and 40% blue-chip stocks. If the client is interested in further diversification, which mutual fund would best meet that goal
Answers
Dennis is doing the bookkeeping for his business. He is determining his assets, liabilities,
and owner's equity so he can see the financial state of his business on any given day.
What financial statement would MOST likely help him with this process?
Answers
The financial statement that would most likely help Dennis with determining his assets, liabilities, and owner's equity is the balance sheet. The balance sheet is a snapshot of a business's financial position at a specific point in time. It lists the assets of the business, such as cash, accounts receivable, inventory, and property, plant, and equipment.
By examining the balance sheet, Dennis can see the financial state of his business on any given day. He can see how much cash he has available to operate his business, how much inventory he has on hand, and how much he owes to creditors. He can also see how much of the business's assets are financed by debt and how much by owner's equity. It also lists the liabilities of the business, such as accounts payable, loans payable, and accrued expenses.
Finally, it lists the owner's equity, which is the difference between the assets and liabilities. The balance sheet is an important tool for business owners, as it provides a clear picture of the financial health of the business. It allows Dennis to make informed decisions about how to manage his business and plan for its future. By regularly reviewing his balance sheet, Dennis can identify trends and take action to improve the financial performance of his business.
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Why is it a good idea to invest in both bonds and stocks?
Answers
Putting portions of your money into different types of investments could help you in case some of them don’t measure up.
Answer:
Diversifying your account by investing in both stocks and bonds provides protection because you can offset some, or all, of your losses in one investment with the gains in the other investment.
Which of the following is a normative statement in economics ?
A. More spending by the government reduces poverty
B. Higher taxes lead to less desire to work
C. The Pakistan’s economy is growing fast relative to other SAARC members
D. The government should concentrate on reducing unemployment
Answers
The normative statement is the government should concentrate on reducing unemployment
A normative assertion is one that states how the world ought to be. This claim demonstrates a value judgement regarding the desirability of a circumstance and frequently reflects value judgements. It describes how the world is. For instance, it is just a personal view to say that globalization causes societal tensions in developing nations.
In economics, these statements are one that reflects a value judgement or a belief about what should be, as opposed to stating what is. Instead of describing how things are, it makes a statement about how they ought to be. In this instance, statement D articulates the opinion that decreasing unemployment should be a top priority for the government, making it a normative statement.
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When goods are shipped ________, title passes to the buyer whenA) FOB Shipping Point; the carrier accepts goods from the seller.B) FOB Destination; the carrier accepts goods from the seller.C) FOB Shipping Point; the carrier accepts goods from the buyer.D) FOB Destination; the seller manufactures the goods.
Answers
When goods are shipped FOB destination, title passes to the buyer when the carrier accepts goods from the seller. The answer is OPTION B
When the seller ships the product, the buyer acknowledges title to the goods and assumes full risk, which is known as FOB Origin or FOB Shipping Point. If the products are harmed or lost in transportation, the buyer is liable.
Ownership of the products in a FOB shipping point arrangement passes from the seller to the buyer once they are delivered at the point of origin. Once the products arrive at the shipping site, the buyer assumes all responsibility for them throughout transportation. In contrast, if the destination is FOB, the seller is responsible for delivery. The answer is OPTION B
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"sun joe spx2680-max electric pressure washer, 13-amp, 2050 psi max, 1.2 gpm max" is this item worth buying? how does the company sell?
Answers
The axial cam pump of the Sun Joe SPX2680-MAX can deliver a flow of up to 1.2 GPM and a pressure of up to 2050 PSI when it is driven by a 13 amp universal motor (according to CSA testing standards).
Specifications of spx2680-max electric pressure washer:Since the SPX2680-MAX is such an electric pressure washer, starting the motor is as easy as flipping an ON/OFF switch. The item comes with a 35-foot GFCI wire, making it safe to use right away.
GENERAL FEATURES
As described below, this Sun Joe SPX2680-MAX includes a sprayer, a wand, high pressure hose, three nozzles, and a detergent adding feature.
Addition of soap: Attach the provided foam cannon toward the end of both the wand to add detergent to the fluid at the exit.Pressure hose: A set of handy hooks makes it easy to neatly store the 20-foot high-pressure hose that is included.Spray gun and wand: You can easily store the traditional, ergonomic spray gun but also its wand in a side hook.Nozzles: The table below lists the three provided nozzles along with the various surfaces that each one is suitable for.To know more about the electric pressure washer, here
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Which of the following is a firm effect that has an impact on the competitive advantage of a firm?
A. The exit barriers within the industry in which the firm operates
B. The number of companies operating in the industry in which the firm operates
C. The intensity of rivalry among existing companies in the firm's chosen industry
D. The value and the cost position of the firm relative to its competitors
Answers
Answer:
B The number of companies operating in the industry in which the firm operates.
profit is the only
Organizational objectives of the business.Do you agree
Answers
Explanation:
I agree because without profit what's the use of the business
Please hurry!!!
how can a small company benefit from writing a marketing plan?
Answers
Answer:
One Page Marketing
Explanation:
One Page Marketing Plan can help simplify and maximize your marketing efforts as well as help you create an actionable to reach your business goals.
expansionary fiscal policy is used in order to ______ the economy.
Answers
Answer:
stimulate
expansionary fiscal policy is used in order to “stimulate” the economy; this is the right answer