Suppose you will need $68,000 in 10 years. If your bank compounds interest at an annual rate of 11%, how much will you need to deposit into your account 1 year(s) from now to reach your goal? Enter your answer rounded to two decimal places.

Answers

Answer 1

You would need to deposit approximately $25,907.68 into your account 1 year from now to reach your goal of $68,000 in 10 years.

To calculate the amount you need to deposit into your account 1 year from now to reach your goal of $68,000 in 10 years, we can use the concept of future value.

Given:

Goal amount: $68,000

Time period: 10 years

Annual interest rate: 11%

Time until deposit: 1 year

We can use the future value formula:

Future Value = Present Value * (1 + Interest Rate)^Time

Rearranging the formula to solve for Present Value:

Present Value = Future Value / (1 + Interest Rate)^Time

Substituting the given values:

Present Value = $68,000 / (1 + 0.11)^10

Calculating:

Present Value = $68,000 / (1.11)^10

Present Value ≈ $25,907.68

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Related Questions

Which of the following is involved in organizing an outline?


categorizing

listing

ordering

recording

Answers

Answer:

listing

Explanation:

It's easier more smarter and faster to handle

Hope this helps❤

The answer is:

Listing

Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.

Answers

25 tickets

($14)(25)=$350
($25)(11)=$275
$350+$275= $625

Describe the major components of business conduction plan.

Helppp AHHHH

Answers

Answer:

Heya there!

Here's ya answer.

Executive summary Business description and structure Market research and strategiesManagement and personnel Financial documents Founder (team) and business leadershipCo-workers and business coordination

Explanation:

Which of the following types of income is generated from passive investments rather than portfolio investments?
a. Capital gains
b. Operating income
c. Interest income
d. income

Answers

The type of income generated from passive investments rather than portfolio investments is a. Capital gains.


Passive investments refer to investments where an investor does not actively participate in the management or day-to-day operations of the asset. These investments often generate returns over time without the need for the investor to be involved in the business.
Portfolio investments are a more active form of investment, where an investor buys and sells various assets such as stocks, bonds, and other securities in an attempt to generate profits or income. The investor usually monitors the performance of these assets and makes decisions based on their performance.

Capital gains are the profits generated when an investor sells an asset for a higher price than the original purchase price. Capital gains can be generated from passive investments such as real estate, stocks, or other assets that have appreciated in value over time.

Operating income refers to the revenue generated from a business's core operations. It does not apply to passive investments, as it is related to the active management of a business or investment.

Interest income is the income earned from lending money, such as through bonds or loans. While it can be a part of a portfolio investment, it is not specific to passive investments.

Income is not a relevant term in this context, as it is not a type of income generated from investments.

In summary, capital gains are the type of income generated from passive investments, while operating income and interest income are more related to active or portfolio investments.

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Explain the difficulties of barter system?​

Answers

Answer:

Payment issue etc.

Explanation:

Individuals encountered many obstacles with the barter system, including a lack of the double coordination of expectations, a lack of a standard unit of value, difficulty making potential or contingent transactions, and difficulty storing and transferring value.

HELP ILL GIVE A CROWN TO WHOEVER IS RIGHT BUT PLZ HeLP

Alejandro lives in a small apartment, within walking distance to school. He takes the bus to work where he makes $10 per hour after taxes and works 30 hours per week. He wants to save money to buy a $6000 car within the next 2 years. How could a monthly budget be created to help Alejandro meet his financial goals? Select the best option.
Monthly Budget

Budget A
Budget B
Budget C
Budget D
Income
$1,500
$1,500
$1,200
$1,200
Expenses-
Rent
Utilities
Food
Bus Pass
Savings

$600
$100
$150

$25
$250

$600
$100
$550

$25
$250

$600
$100
$250

$25
$250

$600
$100
$150

$25
$250

a.
Budget A
b.
Budget B
c.
Budget C
d.
Budget D



Please select the best answer from the choices provided


A
B
C
D

Answers

Answer:

um look and ctrl C my link and it have the answer

Explanation:

um that should also give ur answer too

https://quizlet.com/68451633/personal-finance-flash-cards/

Answer:

The answer is Budget D

Explanation:

how evade taxes pls tell me how to evade taxes i am only nine years old and need not pay taxes cause i hate taxes, taxes are for nerds

Answers

Answer:

you simply cease to do your legal documentation

Explanation

you dont have taxes until u have a job

Which characteristic gives the term preference shareholder its distinct name?


Preferred shareholder gets its name from its unique feature that shareholders of such shares are given first preference in terms of payment in case the business_____.

Answers

Answer: dividends

Explanation:

Dividends are not liability of the firm. The preferred dividends are differed. The dividends and preferred dividends must be paid to the individual stakeholders so that equal share share can reach out to the individual owner before the common shareholders can receive any monetary gain. Dividends are the taxes that are not included in the business expenses but it is included as corporate tax. The dividends by the shareholders are included with the tax.

Answer:

shuts down

Explanation:

S1 Industrial partners can't be a general partner S2 General commercial partnership is one where two or more persons put up a firm for the practice of a same profession such as law, tax, and accounting A.First statement is true and second statement is false B.First statement is false and second statement is true C.Both statements are true D. Both statements are false

Answers

The statement "Industrial partners can't be a general partner" is false and "General commercial partnership is one where two or more persons put up a firm for the practice of a same profession such as law, tax, and accounting" is false. Option d is correct.

In a general commercial partnership, two or more persons come together to carry out a business activity, not necessarily limited to the practice of a specific profession such as law, tax, or accounting. The partners in a general commercial partnership can engage in various types of businesses, not just a single profession.

Regarding the first statement, industrial partners can indeed be general partners in a partnership. A general partner is actively involved in the management and decision-making of the partnership, and they can have any type of expertise or background, including industrial expertise. Therefore, the first statement is false.

Therefore, the correct answer is d.

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Tennyson's ultimate goal is to work as the CEO of an advertising agency. One of her goals is to "gain the required experience for the position." What type of goal would this be?
OA performance-based
OB. time-based
O C.
OD. long-term
mid-term

Answers

The type of goal that is been used when Tennyson's ultimate goal is to work as the CEO of an advertising agency and one of her goals is to "gain the required experience for the position is B. time-based goal.

What is  time-based goal?

Time-based goal can be described as the goal  that is been focused so that it can be achieved on a  target date,  it involve focusing on a particular thing at a time so as to be successful in it.

In conclusion, from the case above , we can see that her goal is to work as the CEO of an advertising agency which is specific and have time.

Therefore, option B is correct.

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PLEASE HELP!!1
Describe the concept of economics of scale. How does it relate to productivity?

Answers

Answer:

the phenomenon where the average costs per unit of output decrease with the increase in the scale or magnitude of the output being produced by a firm.

Explanation:

Hideo and Hannah decide to go on a vacation. As a result, they withdraw $5,000 from their savings account to purchase $5,000 worth of traveler's checks. As a result of these changes,a. M1 increases by $5,000 and M2 decreases by $5,000.b. M1 decreases by $5,000 and M2 increases by $5,000.c. M1 increases by $5,000 and M2 stays the same.d. M1 and M2 stay the same.

Answers

In the following question, Hideo and Hannah decide to go on a vacation. As a result, they withdraw $5,000 from their savings account to purchase $5,000 worth of traveller's checks. As a result of these changes, The correct answer is C. M1 increases by $5,000 and M2 stays the same.

M1 (M1-Money supply) refers to all physical money circulating in an economy, such as coins and paper money. When Hideo and Hannah withdrew $5,000 from their savings account, it increased the amount of physical money circulating in the economy, and thus M1 increases by $5,000. M2 (M2-Money supply) refers to all physical money circulating in an economy plus all the other forms of money such as checking accounts and savings accounts. Since they withdrew the money from their savings account, M2 decreases by $5,000.

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81) When a seller advertises an item at a low price but once in store pushes a similar item at a higher price, the seller is participating in: A) price fixing B) price discrimination C) psychological pricing D) predatory pricing E) bait and switch.

Answers

Answer:

E) bait and switch

Explanation:

BAIT AND SWITCH can be defined as a way in which a seller use advert of a low price to deceive and attract customers to their shop in which the products or item advert by seller is not available in order to sell similar or separate product to the customer at a higher price instead of selling the same product with a low price advertised by the seller.

Example a seller may advert a quality Italian shoe with a low price of $50 in order to deceive a buyer or customers to their place of business by then selling a similar product of shoe that looks like the one advertise by them to the customer at a higher price of $300.

which of the following forms of countertrade does not require use of money or credit between parties? a) barter b) switch trading c) offset d) compensation trading e) none of the above

Answers

Barter is a form of countertrade which does not require use of money or credit between parties

A reciprocal form of international trade known as countertrade involves exchanging one good or service for another in place of hard currency. In developing nations with few credit or foreign exchange options, this kind of international trade is more prevalent.

Direct exchange of products between two parties in a transaction is known as barter. The primary exports are funded by importing markets' supplies of commodities or services. A single contract, which in its most basic form does not involve any currency, covers both flows.

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istp


1.Use the results of your personality test and write an essay.

2.Based on the test results write an essay describing your personality, learning style, and communication skills.

3. Post your essay on the "Question" page. Respond to all posts to your essay.

please pwede nyo ba sagutan due date na kasi Yan bucks please

Answers

Answer:

As an ISTP, I am characterized as a practical and logical person who enjoys solving problems and engaging in physical activities. I prefer to work independently and focus on the task at hand rather than engaging in social interactions.

My learning style is hands-on and experiential. I prefer to learn by doing rather than reading or listening to lectures. I thrive in situations where I can apply my knowledge and skills to solve real-world problems. I am good at analyzing complex situations and breaking them down into manageable parts.

When it comes to communication skills, I tend to be concise and to the point. I don't like to waste time on small talk and prefer direct communication. I am a good listener and pay attention to details. However, I may come across as aloof or detached in social situations, which can be misinterpreted by others.

As an ISTP, I have several strengths that I bring to any team or group. I am dependable, practical, and resourceful. I enjoy taking on challenges and coming up with creative solutions to problems. I am adaptable and can work in a variety of settings and situations.

However, there are also some weaknesses that I need to be aware of. I can sometimes come across as insensitive or indifferent to others' feelings, which can lead to misunderstandings and conflicts. I also have a tendency to procrastinate and avoid tasks that I find uninteresting or challenging.

To improve my communication skills, I can work on being more expressive and open with my thoughts and feelings. I can also try to be more patient and understanding with others, even if their communication styles differ from my own. To improve my learning style, I can seek out more opportunities for hands-on experience and experimentation, and try to engage with different learning materials to broaden my knowledge.

Overall, as an ISTP, I am a problem-solver who prefers practical solutions and hands-on experiences. While my communication style may come across as aloof, I am a good listener and pay attention to details. By being aware of my strengths and weaknesses, I can work to improve my skills and become a more effective member of any team or group.

Explanation:

A friend tells you that they cannot pay for for the standardized tests that need to be taken to apply for college and military school. How can you respond?

Answers

Can respond by Tell them to talk to a counsellor at the school for a scholarship

A vast global network that is made up of many smaller interconnected networks is known as

Answers

Answer:

The internet

Explanation:

Robert receives a salary of $60,000 per year, or $2,500 semi-monthly. How
much does his employer pay for his unemployment tax for the entire year?
A. no limit
B. $0
C. $840
D. $420

Answers

Answer:

B. $0

Explanation:

Unemployment tax known as FUTA (The Federal Unemployment Tax act) is imposed on employers based on the wage and salaries they pay their employees. Employers who pay $1500 and above per calendar quarter are mandated to pay FUTA. Unlike other payroll-based taxes, employers are not required to deduct FUTA from employees. Therefore, nothing should be withheld from Robert's income as unemployment tax.

most four year colleges want an applicants scores for all of the following except
A.class rank
B.IQ
C.GPA
D.standerdized tests

Answers

Answer:

I think it is IQ.

I'm not 100% sure

Explanation:

What is product positioning?

Answers

Product positioning is the process of deciding and communicating how you want your market to think and feel about your product

Congress passes a bill calling for a 5% tax decrease. The president then signs it
a.) the government's monetary policy
b.) government's open. market regulations
c.) the government's tight money policy
d.) the government's fiscal policy

Answers

Answer:

d.) the government's fiscal policy

Explanation:

Fiscal policy is the actions of a government to alter spending and taxation to influence economic direction. This implies that fiscal policy tools are the level of government spending and taxation.

Reducing taxes and government spending increases the money supply in the market.  The government will consider these actions during recessions to stimulate economic growth. Increasing taxes and decreasing spending reduces money circulation in the economy, thereby regulating economic growth.

Enter your gross pay, taxes, and deductions below. Press calculate when you’re ready.

Answers

Answer:

what are we supposed to be answering

Choose a country / economy of your interest. Write a short essayof 500- 1000 words on the history of exchange rate regimes in thatcountry starting from around 1973. Comment on whether you feel thec

Answers

When looking at the history of exchange rate regimes in a particular country, it's important to understand the context of the global economy during that time period. From around 1973, the world saw a shift towards floating exchange rates, which meant that the value of a country's currency was determined by market forces rather than being fixed to another currency or a commodity like gold.

In the case of Japan, the country experienced a period of rapid economic growth from the 1950s to the 1970s, known as the "Japanese economic miracle". During this time, Japan's exchange rate regime was fixed to the US dollar, which helped to maintain the competitiveness of Japanese exports and support economic growth. However, by the early 1970s, the US was experiencing high inflation and a weakening economy, which put pressure on the fixed exchange rate system. In 1971, the US abandoned the gold standard and allowed the dollar to float freely, which led to a revaluation of the yen against the dollar. Japan eventually shifted towards a floating exchange rate regime in 1973, which allowed the value of the yen to be determined by market forces. This helped to make Japan's exports more competitive and support continued economic growth. In the following decades, Japan experienced a number of economic challenges, including a real estate bubble in the late 1980s and a long period of deflation in the 1990s and 2000s. Throughout these challenges, the Japanese government and central bank intervened in the foreign exchange market to manage the value of the yen.

Overall, Japan's history of exchange rate regimes reflects the shifting global economy and the importance of maintaining competitiveness in the export sector. While the country has experienced a range of economic challenges, the flexibility of its exchange rate regime has helped to support growth and stability.

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A standard inventory form should include:
a) The date of the inventory
b) The list of the items
c) The unit size for each item
d) All of these​

Answers

Answer:

B

Explanation:

The list of the items

Hope it helped brainiest plz

-Guesty

The correct option is B. A standard inventory form should include a list of the items. Using an inventory form, you can keep track of all the supplies, goods, and merchandise in your company at any one time.

Why Inventory form is important?

Small businesses need inventory management because it helps them manage many locations, avoid stockouts, and maintain correct records. As opposed to attempting to complete them all manually, an inventory system makes these operations simpler.

The form typically serves three functions: requisitioning things from inventory, releasing inventory records in the quantity of the items selected, and billing the targeted task for the cost of the products requisitioned. Any inventory products that are not currently in stock can also be ordered again using the form as a guide.

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what is a security deposit?

Answers

A security deposit is a sum of money that is paid by a tenant to the landlord usually before a tenancy commences or on the date of commencement of the tenancy. The security deposit is considered the lawful property of the tenant until the landlord establishes a right to it.

Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?

The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.

Answers

Answer:

The chart is placed in a database with five groups.

Hope this helped.

Twelve years ago, your parents set aside $8,000 to help fund your college education. Today, that fund is valued at $23,902. What annually compounded rate of interest is being earned on this account? Multiple Choice 9.06% 9.67% 8.99% 9.55%

Answers

The annually compounded rate of interest earned on the account is 9.06%. Te correct option is (A) 9.06%.

We have initial principal = $8000

Value of the principal after 12 years = $23,902

We need to calculate the annually compounded rate of interest earned on the account.

The formula for the future value of investment is given as:

FV = PV × [1 + i]^n

Where,

FV = Future Value

PV = Present Value

i = interest rate

n = number of years

Substituting the given values in the above formula we get:

$23,902 = $8,000 × [1 + i]^12

Simplifying the above equation we get:

[1 + i]^12 = $23,902/$8,000[1 + i]^12

= 2.9878

Taking the 12th root on both sides we get:

1 + i = (2.9878)^(1/12)1 + i

= 1.0906

i = 1.0906 - 1

i = 0.0906 or 9.06%

Hence, the annually compounded rate of interest earned on the account is 9.06%.Therefore, the correct option is (A) 9.06%.

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Use the data below to compute 2014 Tax Rate: 2014 2013 Cash 15 1,6 Short-term investments 8. 69 Accounts receivable 367 320 Inventories 553 416 Property, plant & equipment (net) 929 873 Accounts payable 47 33 Short-term debt 98 63 Accrued liabilities 149 134 Long-term debt 661 583 Common stock 130 130 Retained earnings 771 715 Net revenue 3,147 2,851 Depreciation expense 113. 91 Interest 88 61 Taxes 80 82 255 122 Net income (Enter your answer as a percent with 2 decimal places but without the % symbol. For example, if you compute 25.00%, enter 25.00)

Answers

The taxable income by reducing the total expenses (depreciation, interest, taxes) from net income is zero. The tax rate for 2014 is undefined.

Given Data: 2014, 2013 Cash 15 1,6 Short-term investments 8. 69 Accounts receivable 367, 320, Inventories 553, 416, Property, plant & equipment (net) 929, 873, Accounts payable 47, 33, Short-term debt 98, 63,Accrued liabilities 149, 134, Long-term debt 661, 583, Common stock 130, 130.

Retained earnings 771, 715, Net revenue 3,147 2,851, Depreciation expense 113.91, Interest 88, 61, Taxes 80, 82, 255, 122, Net income 255.

We have to calculate the tax rate for 2014.Let's calculate the tax rate for 2014:

First, we have to calculate the taxable income by reducing the total expenses (depreciation, interest, taxes) from net income:

Net income: 255

Depreciation expense: 113.91

Interest: 88

Taxes: 80

Total expenses: 281.91

Taxable Income = Net income - Total expenses= 255 - 281.91= -26.91.

We know that the taxable income cannot be negative so we can say that the taxable income is zero as the company has no taxable income:

Taxable income = 0.

Now, we can calculate the tax rate using the below formula:

Tax Rate = Taxes / Taxable incomeTax Rate = 80 / 0

Tax Rate is undefined as the denominator is zero.

Therefore, the tax rate for 2014 is undefined.

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The Texas Department of Education has offices throughout the state covering more than 268,000 square miles. State
documents are stored on a large server in a central location, so that employees can access the data they need
regardless of their physical location. The type of network used by the organization is most likely a
LAN
MAN
WAN

Answers

Answer:

Wide area network (WAN)

Explanation:

A local area network (LAN) refers to a group of personal computers (PCs) or terminals that are located within the same general area and connected by a common network cable (communication circuit), so that they can exchange information from one node of the network to another. A local area network (LAN) is typically used in small or limited areas such as a set of rooms, a single building, school, hospital, or a set of well-connected buildings. Some of the network devices or equipments used in a local area network (LAN) includes an access point, personal computers, a switch, a router, printer, etc.

On the other hand, a metropolitan area network (MAN) is formed by an aggregation of multiple local area network (LAN) that are interconnected using backbone provided by an internet service provider (ISP). A metropolitan area network (MAN) spans for about 5 kilometers to 50 kilometers in size.

Basically, a metropolitan area network (MAN) spans across a geographic area such as a city and it's larger than a local area network (LAN) but significantly smaller than a wide area network (WAN).

Wide area network (WAN) can be defined as a telecommunication network that covers a wide range of geographical locations such as countries or regions across the world for the purpose of communication and sharing information and data between different users.

Hence, a network that has locations in different countries is considered a wide area network (WAN).

Generally, wide area network (WAN) makes it possible for various organizations to interconnect with their branch offices, headquarters and other multiple locations across the globe. Wide area network (WAN) usually span over a distance of 50 kilometers.

Hence, the type of network used by the organization is most likely a Wide area network (WAN).

Value Added Inc. buys $1 million of sow's ears at the beginning of January but doesn't pay immediately. Instead, it agrees to pay the bill in March. It processes the ears into silk purses, which it sells for $2 million in February. However, it will not collect payment on the sales until April. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Enter your answers in thousands of dollars not in millions.)


(a) What is the firm’s net income in February?

(b) What is its net income in March?

Answers

Answer and Explanation:

The computation is shown below:

Firm net income in Feb is

= Sales - cost of goods sold

= $2,000,000 - $1,000,000

= $1,000,000

Now the net income is

= $1,000,000 ÷ 1,000

= 1,000 thousands

b. For the month of march, the net income is zero

By using the above formula the correct amount could come and the same is to be considered

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