colton has $3,000 that he wants to invest today to grow into $21,000. he finds an investment that earns 7.5% with monthly compounds. how many months will he wait till he has the $21,000?

Answers

Answer 1

Colton will have to wait approximately 3 years and 11 months to have $21,000 from his initial investment of $3,000, assuming the investment earns 7.5% with monthly compounding.

To calculate the number of months it will take for Colton's investment to grow to $21,000, we can use the formula for compound interest:

\(A = P * (1 + r/n)^{(nt)}\)

where A is the end balance, P is the initial principal, r is the annual interest rate, n is the number of times the interest is compounded in a year, and t is the number of years the investment is held.

In this case, we can plug in

P = $3,000, r = 7.5%, n = 12 (because the interest is compounded monthly), and A = $21,000.

Solving for t, we get:

t = (log(7) - log(3)) / (log(1 + 0.075/12))

Using a log calculator, we find that

t = approximately 47.53 months, or approximately 3 years and 11 months.

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Related Questions

What can help you meet your budget while shopping for
important items?

Answers

It is known as consumer skills.

Explanation:

Prioritizing to meet your needs. Making a good purchasing decision requires in order to meet your budget while shopping for important items.

Following are the points to follow while shopping for important items:

Buying the item with the best features. Making a list of your wants to meet your needs.Prioritizing features to meet your needs.Compare the prices of products while shoppingWait for the promotionsUse coupons and promo codes Buy used products or second-hand productsBuy at the right timeDon't be afraid to negotiateConsider the quality

In conclusion, saving money on important purchases requires a little effort and patience, but it's worth it in the end. By comparing prices, waiting for promotions, using coupons and promo codes, buying used products, buying at the right time, negotiating the price, and considering quality, you can find ways to spend less on important purchases.

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Final answer:

To meet your budget while shopping for important items, you can compare prices, take advantage of sales and discounts, and create a budget to avoid overspending.

Explanation:

When shopping for important items, there are several things that can help you meet your budget:

Price comparison: Compare prices of the same item at different stores or online platforms to find the best deal.Sales and discounts: Look for sales, discounts, or promotional offers that can help you save money on your purchases.Budgeting: Create a budget and list the important items you need to buy. Stick to the budget and avoid impulsive purchases that may strain your finances.

By implementing these strategies, you can make smarter purchasing decisions and stay within your budget.

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If you are interviewed by more than one person, you should send a thank-you note to _____.


each person in the interview

each person you see in the building

the first person you are introduced to

the person who is obviously leading the interview

Answers

Answer:

option A is correct.

i.e.

each person in the interview.

Explanation:

Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.

Prateek ha 10 employee at hi printing buine. Some employee are in their teen and ome are in their ixtie. Which i the bet example of how Prateek can uccefully addre the need of all employee?

Answers

Prateek has 10 employees in his printing business. Some employees are in their teens and some are in their sixties. Prateek can successfully address the need of all employees by communicating with each member in the way they prefer.

Communication is an effective way to improve the productivity of employees and manage professional relations. Communication must be the dissemination of appropriate information, sharing of intentions and emotions among the employees and employer.

Communication between employers and employees must be acknowledged to provide a sense of cordial relations. It makes the employees feel that their ideas and problems are heard by the employer.

Prateek can communicate with each member in a way they prefer as it will help the employees to create a cordial professional relationship. It will also help in developing communication skills and personal awareness among the employees.

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When the business cycle or economic activity is declining, the economy is said to be in....?

A
the trough

B
contraction

C
expansion

D
recovery

Answers

contraction is to decline the answer is B

17A - Although the women of America are one step nearer to nylon stockings as a result of new ceiling price schedules . . . , the prospect of "nylons for Christmas," except for a favored few, is not good, hosiery manufacturers said yesterday.
—"Outlook Is Gloomy for Christmas Nylons," New York Times, November 10, 1945
This excerpt suggests that U.S. consumers were affected by —

Answers

Even if the jobs that women did during the war were eliminated after demobilization, women acquired skills between 1914 and 1918.

What modifications to women's social roles resulted from World War 2?

American women were given unprecedented chances during World War II to work in fields that had never been available to them, particularly in the defense sector. It was difficult for women to find good childcare while working and to combat societal stereotypes of working women.

How did women's roles in society change following World War One?

Most significantly, following the war, many countries finally granted women the right to vote. However, there were very few states that allowed their female residents to vote, and this did not happen until much later (1944 in France).

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Which of the following businesses describes a branch?
A. CarCity is a car dealership that is old by a large company but operated by a group.
B. Easy as Fries, a fast-food restaurant, is operated by one person but still owned by a large company.
C. Photo Finish, a sports photography business, has many locations that are owned an operated by the company.
D. Hit the books, a Tutoring business, has one location in San Diego, California

Answers

I believe that it’s C
ANSWER =C

Photo Finish, a sports photography business, has many locations that are owned an operated by the company is the businesses describes a branch. Hence, option C is correct.

What is meant by photography business?

A variety of services are offered by professional photography studios, including portraiture, commercial photography, event photography including weddings, family gatherings, bar mitzvahs, and more, convention photography, and more.

Their creativity, which is the art or process of making images by the influence of radiant energy, particularly light, on a sensitive surface, is expressed through shades, tones, smiles, joy, and even sadness.

To start, you can increase brand awareness by including brand-specific colors in your images. Additionally, your image might inspire bto take action. Good pictures elicit an emotion. Within that attitude, an emotion develops, which inspires potential customers to become clients.

Thus, option C is correct.

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whether the economy is in a recession is illustrated in the ad/as model by how close the _____________________ is to the potential gdp line.

Answers

Answer:

The answer is equilibrium

Explanation:

Whether the economy is in a recession is illustrated in the ad/as model by how close the equilibrium is to the potential gdp line.

equilibrium in financial markets occurs at an interest rate where the quantity of loanable funds demanded is? A.greater than the quantity of loanable funds supplied.
B.less than the quantity of loanable funds supplied.
C.equal to the quantity of loanable funds supplied.

Answers

Equilibrium in financial markets occurs at an interest rate where the quantity of loanable funds demanded is less than the quantity of loanable funds supplied.

Option b is correct .

The market for loanable funds reaches equilibrium when the amounts of savings that savers give and the amounts of loans that borrowers demand are equal. The interest rate is changed to bring things into balance. Prices become stable when market supply and demand are in equilibrium. Equilibrium is the term for this. When there is an excess of a good or service, prices normally fall as demand rises.

The actual interest rate will fluctuate if there is an increase or decrease in the amount of loanable funds. The reason for this is that the equilibrium point when the amount of loanable money sought and supplied are equal has changed.

Hence , Option b is correct .

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What is market economy?

Answers

Answer: an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.

Answer:

an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.

Explanation:

Bank of America quotes a rate of 11.5% with monthly compounding for a consumer loan, while Wells Fargo quotes you 12% with annual compounding.
What is the EAR for Bank of America?
What is the EAR for Wells Fargo?

Answers

The Effective Annual Rate (EAR) is the interest rate that reflects the true cost of borrowing, considering compounding over a year. To calculate the EAR for Bank of America, we can use the formula: EAR = (1 + (nominal rate / n))^n - 1.

Plugging in the values, we have: Therefore, the EAR for Bank of America is approximately 12.57%. Similarly, to calculate the EAR for Wells Fargo, we use the same formula, but with the nominal rate of 12% and n as 1 for annual compounding: EAR = 0.12 or 12%.

Therefore, the EAR for Wells Fargo is 12%. In summary: Bank of America's EAR is approximately 12.57% Wells Fargo's EAR is 12%.

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Mei starts a job with a $72,000 annual salary that is paid twice a
month. How much should she expect her gross pay to be on her
first paycheck?

Answers

$3000

Explanation:

just diveide the number by 24

Sam and robin want to start a business. in a market economy, how might they determine what to produce? ask local officials and heads of families check recent regulatory laws survey potential consumers write to a government committee

Answers

To determine what to produce Sam and Robin have to do a survey regarding the potential customers.

Given that Sam and Robin want to start  business in a market economy.

We are required to determine how Sam and Robin can asertain that what they have to produce.

Economies have to address and solve three fundamental economic problems:

What to produce?How to produce?For whom to produce?

The first problem basically involves the problem regarding the production of the goods, means what products should be produced in the market. This decision can be taken by the survey of the customers.

The second problem basically involves the decision regarding the techniques of the producing the goods, it includes, labor and capital incentive technique.

The third problem basically involves the decision regarding the distribution of goods in the market, that for whom the goods be produced.

Hence to determine what to produce Sam and Robin have to do a survey regarding the potential customers.

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Answer:

Here the correct Answer

Explanation:

Sam and robin want to start a business. in a market economy, how might they determine what to produce?

if the market price is $10, what is the firm's short-run economic profit? a. $50 b. $9 c. $30 d. $15

Answers

P= MR = MC = 10, Q = 5, Profit = total revenue - total cost = 10*5 - 7*5 = 15/ Thus, short-run economic profit would be d. $15

Explain economic profit.

Accounting profit and economic profit are frequently examined together in analyses. The profit a corporation displays on its income statement is known as accounting profit. Accounting profit is a component of the necessary financial transparency for a corporation and gauges real inflows versus outflows.

Contrarily, economic profit is not revealed to regulators, investors, or financial institutions and is not reported on a company's financial accounts either. A particular kind of "what if" study is economic profit. When faced with decisions about production levels or other business options, businesses and people may opt to take economic profit into account. Foregone profit considerations can be represented by economic profit.

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Which aspect of Darron's career matches his lifestyle but is also in conflict with some of his desires? busyness while at work earning money frequent travel strong competition

Answers

Answer:

frequent travel

Explanation:

Since in the question it is mentioned that Darron loves his carrier as it fits with his lifestyle. He knows how to make a money and how to keep busy also he loves travelling plus he wish that he could spend more time with his family members

So here the frequent travel fits in the given situation as he loves travelling so he travel frequently

Therefore the same is considered

Answer:

its travel

Explanation:

What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?

Answers

Answer: The action button lets users play the audio file, the sound button will play an audio clip.

Explanation:

The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.

Which of the following demonstrates active listening while receiving constructive criticism well

Answers

Please finish the question!

Answer:

c

Explanation:

starbucks operates outlets inside some grocery stores, such as safeway and kroger. this is an example of

Answers

Starbucks has locations inside of some supermarkets, including Safeway and Kroger. An illustration of piggyback franchising is this.

What does piggyback franchising mean?

Piggyback franchising, or "Combination franchising," as it is also known, is essentially a merger of two franchises that operate under the same roof. Independent business startups can be expensive, and most entrepreneurs have very limited access to cash. Currently, the entrepreneurs' position as a potential borrower is at its lowest. By collaborating with a franchising company, the franchisee may increase her/his chances of getting financial support. If the franchising company believes the candidate is a good fit with a good chance of success, it frequently offers financial assistance.

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Which statement best describes the current price for the good shown in this

Answers

Answer:

The Current price will result in a low supply for the good.

Explanation:

Darin has clicked on the Outdoor Gear website. What should the marketing manager have already done to make sure the site works for Darin

Answers

The marketing manager can make the website work for Darin by;

Provide truly useful information.Keep Darin interested in Outdoor Gear's offerings.

What is a website?

A website is an online platform used to advertise a business, it a way to market the products of the company.

This can be helpful by providing the necessary information about the products on the website for consumers to see.

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Which of the following best describes a monetary policy to? a) interest rates
b) taxes
c) household savings
d) government spending

Answers

The right response is a) interest rates. The central bank utilises this strategy in conjunction with other monetary policy instruments to change the money supply. Inflation can be managed thanks to this as well.

What phrase best sums up monetary policy?

A nation's monetary policy is a set of measures taken to promote economic growth and manage its total money supply. Adjusting bank reserve requirements and changing interest rates are examples of monetary policy strategies. Typically, monetary policy is categorised as either expansionary or contractionary.

What is another name for monetary policy?

Either an expansionary or a contractionary monetary policy is referred to. When a monetary authority employs expansionary policy, it is doing so to boost the economy.

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Which situation describes the increasing returns stage of the production function?

a. Hiring one more tailor results in three more suits produced per hour.

b. Hiring one more baker results in less than one oven available per baker.

c. Buying one more office computer causes there to be more computers than workers.

d. Extending the workday results in more tired and less productive workers.

Answers

The situation that describes the increasing returns stage of the production function is option a. Hiring one more tailor results in three more suits produced per hour.

The production function shows the relationship between the inputs used in production and the output produced. The increasing returns stage of the production function is characterized by an increase in output that is greater than the increase in input. In other words, the marginal product of the input is increasing.

In the given options, only option a demonstrates this situation. Hiring one more tailor results in an increase in output (three more suits produced per hour) that is greater than the increase in input (one more tailor). Therefore, option a is the correct answer.

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what is motivation in business

Answers

Answer:

La motivación emprendedora es un factor importante para contribuir con el desarrollo de una sociedad. También es importante el proveer instrumentos para canalizar las acciones de los emprendedores/as potenciales para obtener el exito.

[ Entrepreneurial motivation is an important factor in contributing to the development of a society. It is also important to provide instruments to channel the actions of potential entrepreneurs to achieve success..]

Explanation:

Sorry my English is not very good but I hope you understand and help you with something.

What is an increase in competition likely to do to the demand?
A. Increase the demand
B. Decrease the demand
C. Make the demand less elastic
D. Make the demand more elastic
Please select the best answer from the choices provided
А
B
D

Answers

Answer:

D. Make the demand more elastic.

I hope this helps. <3

Answer:

D

Explanation:

A loss is when
A. Revenue is greater then expenses
B. Revenue is less than expenses
C. Revenue is equal to expenses
D. None of them

Answers

The answer is B revenue is less than expenses

The answer to this question would be B

During the 2018 financial year, Foster Manufacturing recorded the following income and expenditure. GST is not considered in this question.

• Sales Revenue of $2,040,000
• Operating Expenses of $322,000
• Income tax Expense $215,000

Charges to Production were:
• Raw Materials issued to Production of $420,000
• Direct labour charged to Production $340,000
• Overheads charged to Production $272,000
• Actual cost of Overheads $265,000

Additional Information:
• Work in Process at the beginning of the period was $102,000
• Work in Process at the end of the period was $110,000
• Finished Goods at the beginning of the period was $234,000
• Finished Goods at the end of the period was $252,000

Required:
Based on the transactions recorded, within Microsoft Excel prepare a:
Income Statement for the year

Answers

Answer:

in 2021  C

Explanation:

c

If the company issues common stock of $5,000 and pay dividends of $40,900, how much is net income (loss)?

Answers

Answer:

1.  $13,000

2. $34,000

3. $52,200

4. $28,100

5. $13,700

6. ($18,500)

Explanation:

Hi, I have attached the full question as pdf below

The Accounting equation is stated as :

Assets = Equity + Liabilities

also stated as,

Equity = Assets - Liabilities

therefore,

1.  Equity = $29,000 - $16,000 = $13,000

2. Equity = $63,000 - $29,000 = $34,000

now

Beginning Equity + Common Stock Issue + Net Income - Dividends = Ending Equity

where,

Beginning Equity = $13,000 (calculated)

Ending Equity = $34,000 (calculated)

therefore,

3. Net Income = $34,000 +$36,700-$13,000-$5,500 = $52,200

4. Common Stock = $34,000 + $8,100 - $13,000 - 1,000 = $28,100

5. Dividends = $13,000 + $16,700 + $18,000 - $34,000 = $13,700

6. Net (Ioss) = $34,000 - $13,000 - $41,100 + $1,600 = ($18,500)

mackenzie conducted mac561 as an s corporation and she received a salary of $20,000. all business income allocated to her is also distributed to her.

Answers

The statement is true "When Mackenzie conducted Mac561 as an S Corporation, and she received a salary of $20,000, all business income allocated to her is also distributed to her" is true because it has the liability and tax advantage.

An S Corporation is a unique business structure that offers the liability protection of a corporation and the tax advantages of a partnership. The shareholders of an S corporation report the company's income on their personal tax returns based on their shares. Also, only the salary earned by S Corporation employees, including shareholders who work for the company, is subject to Social Security and Medicare taxes. S corporation income is not subject to self-employment tax, which may result in lower Social Security and Medicare tax payments and overall tax savings for S corporation shareholders.

In conclusion, when Mackenzie conducted Mac561 as an S Corporation and received a salary of $20,000, all business income allocated to her is also distributed to her.

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Complete question is:

"mackenzie conducted mac561 as an s corporation and she received a salary of $20,000. all business income allocated to her is also distributed to her. State tru or false."

Filaska Corp. paid a dividend of $2.84 on its common stock at the end of last year. Dividends are expected to grow at a constant rate of 3% in the forseeable future. What is the intrinsic value of the stock if investors’ required rate of return is 12%? Round to two decimal places (Ex. $0.00)

Answers

The intrinsic value of a stock can be determined using the Gordon Growth Model, which calculates the present value of all future dividends.

In this case, we can use the formula:
Intrinsic Value = Dividend / (Required Rate of Return - Growth Rate)
Given that Filaska Corp. paid a dividend of $2.84 and the dividends are expected to grow at a constant rate of 3%, we can plug in these values into the formula.
Dividend = $2.84
Growth Rate = 3%
Required Rate of Return = 12%
Using the formula, the intrinsic value of the stock is:
Intrinsic Value = $2.84 / (0.12 - 0.03)

Now let's calculate it step by step:
1. Subtract the growth rate from the required rate of return:
  0.12 - 0.03 = 0.09
2. Divide the dividend by the result:
  $2.84 / 0.09 = $31.56
Therefore, the intrinsic value of the stock is $31.56 if the investors' required rate of return is 12%.


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Reflective journal on impacts of unionization, why you choose
this topic and how it impacts on you?

Answers

I will provide you with a general explanation of a reflective journal on impacts of unionization.

What is unionization?

Unionization is the act of forming or joining a labor union to advocate for better working conditions, wages, and benefits.

How unionization impacts workers and organizations:

Unionization benefits workers by giving them a collective voice in negotiations with employers. Employees who belong to a union generally receive better wages, benefits, and working conditions. Unionized workers also have more job security and are better protected from discrimination, harassment, and unfair treatment in the workplace. However, unionization can lead to higher labor costs for employers and create tension between unionized and non-unionized employees. Organizations must also negotiate with union representatives on issues such as wages, hours, and working conditions, which can be time-consuming and costly.

How to write a reflective journal on impacts of unionization:

Begin by writing about why you chose this topic, and what you hope to learn from reflecting on it. As you continue to write, consider the following questions:-

How has unionization impacted workers and organizations?

- Have you ever belonged to a union or worked for an organization that was unionized?

How did this impact you?

- What are the benefits and drawbacks of unionization, from both the employee and employer perspective?

- What can be done to address the challenges and opportunities of unionization in today’s workforce?

- What role do you see unions playing in the future of work?

As you reflect on these questions, consider your personal experiences and opinions, and how they shape your understanding of the impacts of unionization.

Remember that the goal of a reflective journal is not to arrive at a single “correct” answer, but rather to engage in a thoughtful, honest, and open-ended exploration of a topic.

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Select the correct answer. the bankruptcy abuse and prevention and consumer protection act limited the number of debtors who could declare which type of bankruptcy? a. chapter 7 b. chapter 13 c. chapter 12 d. chapter 15

Answers

The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) limited the number of debtors who could declare Chapter 7 bankruptcy.

The BAPCPA, enacted in 2005, made significant changes to bankruptcy law, aiming to reduce the number of bankruptcy filings and to ensure that individuals pay back some of their debts. Chapter 7 bankruptcy allows debtors to liquidate their non-exempt assets to repay creditors, and remaining debts are often discharged.

BAPCPA introduced a means test to determine if an individual is eligible for Chapter 7 bankruptcy. The test examines the debtor's income, expenses, and debt level. If the debtor's income is higher than the median income for their state, they may be required to file for Chapter 13 bankruptcy instead.

Chapter 13 bankruptcy involves the creation of a repayment plan where debtors pay back a portion of their debts over a 3-5 year period.

In summary, the BAPCPA limited the number of debtors who could declare Chapter 7 bankruptcy by implementing a means test that directs some debtors towards Chapter 13 bankruptcy. This change aimed to reduce bankruptcy filings and encourage debt repayment when possible.

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The type of distribution system that is owned by the manufacturer throughout the channel of distribution to the retail stores is a(n): XxWhich equation describes the relationship of thegraphs of f(x) and g(x)?O g(x) = f(x) + 1O g(x)=f(x) - 1O g(x) = f(x + 1)O g(x)=f(x-1) A toy police car moves across the room in 10 seconds. The distance the car traveled is450 centimeters. At what speed did the car travel? If my radius is 10 what is my circumference quien me puede ayudar a resolver estos ejercicios porfa de ecuaciones ls/ etc / grep conf / grep -v / / sort_~/ conf which procedure was more efficient at separating the mixture into its components What do l talk about on my timelines? Describe the roles of the three basic branches of government. In most countries, these three branches balance each other by sharing power and monitoring one another.What are the roles of the executive, legislative, and judicial branches?(i put my answer in the description and i already know the answer i just did this to help yall) which of the following is a standardized language used to communicate security information between systems and organizations Find what the value of x is pleaseThe choices are...1. 1182. 1083. 284. 58 A pair of smart sunglasses is designed so that the percentage p of light allowed through the sunglasses is given by p=50+50e., where x is brightness of the exterior light (in ft-c). (a) Find the percent of light allowed through the sunglasses on a cloudy day (100ftc). (b) Find the percent of light allowed through the sunglasses on a bright sunny day (11,000 ft-c). (c) Display the graph on a calculator. Find the volume of a box with a length of 5 cm, a width of 5 cm, and a height of 10 cm. V= cm3 Describe the shifting relationship between religion and the development of the field of biology from the perspective of the early taxonomists we learned about. How did religion factor into the work of 1. Aristotle, 2. Biblical Scholars and 3. Linneaus . Would you describe the field of biology as being forever at odds with faith-based understandings of nature? Why or why not? a solid uniform ball of mass m and radius r rolls without slipping down a ramp from height h. how fast is the ball going at the bottom of the ramp? I was involved in a robbery with a partner. During the robbery, my partner killed someone. In addition to the robbery, I could also be charged with: Group of answer choices under the basic dwelling form losses are paid on which basis A poster that might have been used to encourage people to support ratification of the Constitution. a catchy slogan. three reasons why states should ratify the Constitution. creative touches to make your poster visually appealing, such as a decorative border. writing that uses correct spelling and grammar. Identify how scientists use radioactive isotopes by selecting the best answers from the drop-down menus.Archaeologists use radioactive isotopes to .Scientists use radioactive isotopes in agriculture to .Geologists use radioactive isotopes to . What is a another word for describing?