write a compound interest function to model the following situation. then, find the balance after the given number of years. $16,100 invested at a rate of 1.2ompounded monthly; 7 years
Answers
To model the situation of compound interest, we can use the formula:
A = P(1 + r/n)^(n*t)
Where:
A = Final balance
P = Principal amount (initial investment)
r = Annual interest rate (in decimal form)
n = Number of compounding periods per year
t = Number of years
In this case, we have:
P = $16,100
r = 1.2% (or 0.012 in decimal form)
n = 12 (compounded monthly)
t = 7 years
Substituting the values into the formula, we can calculate the final balance:
A = $16,100 * (1 + 0.012/12)^(12*7)
A = $16,100 * (1 + 0.001)^84
A = $16,100 * (1.001)^84
A ≈ $16,100 * 1.1054
A ≈ $17,818.54
Therefore, the balance after 7 years would be approximately $17,818.54.
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Related Questions
Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D
Answers
Answer: B. a variety of companies
Explanation:
Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.
On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.
which type of data consists of objective responses that a business can measure for market research purposes?
blank or blank data refers to objective responses that a business can measure in the market research process.
1 (structured/ unstructured: descriptive)
2 (expressive/ qualitative/ quantitative)
Answers
Answer: structured or quantitative
Explanation: i just took the test ( for PLATO users )
Juan spends all of his income on baseball cards and candy. At his current consumption bundle, the marginal utility of baseball cards is 20 and the marginal utility of candy is 10. If the price of baseball cards is $10, and the price of candy is $2, Group of answer choices Juan should consume equal amounts of baseball cards and candy. Juan is maximizing his utility, and he should continue to consume the current bundle. Juan should increase his consumption of candy and decrease his consumption of baseball cards. Juan should increase his consumption of baseball cards and decrease his consumption of candy.
Answers
Answer:
Juan should increase his consumption of candy and decrease his consumption of baseball cards.
Explanation:
Given that
The baseball cards marginal utility is 20
And the candy marginal utility is 10.
Now If the baseball cards price is $10,
and the candy price is $2
So if we divide the marginal utility with the price so it will come 2 for baseball card and 5 for candy so the consumption of the candy should be increased while on the other hand the consumption of the baseball card should be decreased
Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answers
Answer:
wow
Explanation:
I'm gonna type a random answer
What is the integral part of research?
Answers
Ethics is considered to be an integral part of research from the beginning to the end.
Research is considered to be very critical to societal development. As the research is conducted to study and then generate knowledge, provide useful information, and help the decision-making, among others.
However, ethics are considered to be an important part of the research. Thus, there are several reasons that why it is important in order to adhere to ethical norms. First, the norms tend to promote the aims of research. Research methods are specific procedures to collect and analyze data.
Hence, it also promotes knowledge, truth, and avoids any error.
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not only do infants grow rapidly, but in proportion to body weight, their _____.
Answers
Not only do infants grow rapidly, but, in proportion to body weight, their basal metabolic rate is remarkably high about double or twice that of an adult.
The sentence highlights two key characteristics of infants: their rapid growth and their high basal metabolic rate (BMR). Infants undergo significant physical development in a relatively short period.
Their bodies are constantly changing and maturing as they acquire new skills and increase in size.
Additionally, infants have a remarkably high BMR compared to adults when considering their body weight. Basal metabolic rate refers to the amount of energy expended by an individual at rest to maintain essential bodily functions, such as breathing, circulation, and cell production.
Infants require a substantial amount of energy to support their rapid growth, tissue repair, and brain development.
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influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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A retiree is paid an annual amount equal to 30% of the average of his last 3 years' salary. Which of the following retirement plans offers this type of payment?
A) Deferred compensation. B) Defined benefit. C) Profit-sharing. D) Defined contribution.
Answers
The retirement plan that provides an annual amount equal to 30% of the average of the last 3 years' salary is the Defined Benefit Plan.
The Defined Benefit Plan is the type of retirement plan that offers an annual amount equal to 30% of the average of his last 3 years' salary. It is the retirement plan in which the employer commits to pay the retiree a specified benefit during retirement. The benefit may be calculated as a dollar amount, as a percentage of pay, or as a percentage of the employer's profits.
The contribution is made by the employer, and the payout is based on a formula that considers factors such as salary history, years of service, and age at retirement. Typically, the benefits increase with each year of service. Defined benefit plans are often offered by public sector employers and large corporations.
Defined benefit plans have a reputation for being complex and difficult to manage. Actuaries, lawyers, and financial professionals are commonly involved in creating, maintaining, and overseeing these plans. These professionals are responsible for ensuring that the plan complies with state and federal regulations and that the payout is sufficient to cover the retiree's expenses. The actuarial calculations required to determine the payout can be complex, and the process requires significant resources from the employer.
To minimize their exposure to risk, many employers have moved away from defined benefit plans and toward defined contribution plans. Defined contribution plans, such as 401(k)s, place the burden of retirement saving on the employee. Employers contribute to the plan, but the payout is not guaranteed. The payout depends on the performance of the investment portfolio.
In conclusion, the retirement plan that provides an annual amount equal to 30% of the average of the last 3 years' salary is the Defined Benefit Plan. It is a type of retirement plan in which the employer commits to pay the retiree a specified benefit during retirement. It is often offered by public sector employers and large corporations. Although they are complex and difficult to manage, they provide the retiree with a guaranteed payout that is not dependent on investment performance.
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Since water transportation is so much slower than other modes, why do companies choose it?
Water transportation is unaffected by delays for maintenance, scheduling, and weather, making it far more reliable.
Some companies might think it's worth the lost time when they are shipping potentially dangerous products.
The environmental impact of water transportation is lower, so companies can justify its use.
Some companies prioritize cost as their overriding concern for their shipping requirements.
Answers
Answer:
i think its d or maybe a
Explanation:
Answer:
ah
Explanation:
Personal jurisdiction can be asserted over a corporation within the geographical boundaries:
• a. where it is incorporated
• b. where it is headquartered
• c. where it is doing business
O d.where any one of the given requirements are satisfied
Answers
Answer:
D. Where any one of the given requirements are satisfied.
What must people taking out a mortgage agree to? Check all that apply. A loan amount plans for repairs an interest rate renovation ideas payment terms.
Answers
The things which people who are taking out a mortgage must agree to are:
A loan amount, Interest ratePayment termsAccording to the given question, we are asked to state the things which people who are taking out a mortgage must agree to and why they are essential for obtaining this loan.
As a result of this, we can see that when a person is taking out a mortgage loan, then he is expected to agee on the loan amount, the interest rate and the payment terms.
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Answer:
A loan amount,
Interest rate
Payment terms
Explanation:
For every A you earn on your report card, your grandma gives you a twenty dollar bill. This is an example of
Answers
Answer:
a positive incentive I think
Explanation:
list at least 3 places where you can look for information about license and permits
Answers
Answer:
billing and safety department, public works, DMV, and city license office.
if the credit terms on a sales invoice read "2/10, n/30," what does this mean?
Answers
When credit terms on a sales invoice read "2/10, n/30," this means that the customer has a discount of 2% if they pay within 10 days of the invoice date. Full payment is due within 30 days after the invoice date, as indicated by the "n/30".
To explain this further, let's say that a customer receives an invoice for $1,000 with the credit terms of "2/10, n/30." If the customer pays within the first 10 days, they can deduct 2% from the invoice amount and pay only $980 instead of the full $1,000. However, if they pay after the first 10 days, they need to pay the full amount of $1,000 within 30 days of the invoice date.
This credit term is a common way for businesses to encourage prompt payment and incentivize customers to pay earlier. By offering a discount for early payment, the business can reduce the risk of late payments or unpaid invoices. On the other hand, if the customer chooses to pay later, the business still has the assurance of getting paid within a specific time frame.
"2/10, n/30" basically implies that the customer can get a 2% reduction if they pay within 10 days of the invoice date, but the entire amount is due within 30 days of the invoice date.
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Select the correct answer.
Jesse launched a cheaper variant of her high-performing dishwashing liquid, anticipating similar success. Which strategy has Jesse made use of?
1. product differentiation
2. brand extension
Note: I narrowed it down to these two answers and I will provide Plato’s definitions to these words given. Im leaning towards 1 considering the product would need to be smtn similar using the same brand to be 2 (aka a shampoos company introduced dishwashing liquid). I did post this question before but I’m unable to delete it oops.
Answers
Answer:
product differentiation
Explanation:
i got it right on test
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover Total Sales $ 100,000 $ 50,000 $ 150,000 Variable expenses 37,000 8,000 45,000 Contribution margin $ 63,000 $ 42,000 105,000 Fixed expenses 81,900 Net operating income $ 23,100 Required: 1. Compute the overall contribution margin (CM) ratio for the company.
2. Compute the overall break-even point for the company in dollar sales.
3. Complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two product.
Answers
1. Overall Contribution Margin (CM) ratio for the company is as follows:
Overall CM Ratio = Total Contribution Margin ÷ Total SalesTotal Contribution Margin = $105,000
Total Sales = $150,000CM
Ratio = $105,000 ÷ $150,000= 0.7 or 70%.
Therefore, the overall contribution margin ratio for the company is 70%.
2. Overall Break-even Point in dollar sales is as follows:
Fixed Expenses = $81,900O overall CM Ratio = 70%
Break-even Point in Dollar Sales = Fixed Expenses ÷ Overall CM Ratio= $81,900 ÷ 0.7= $117,000
Therefore, the overall break-even point for the company in dollar sales is $117,000.
3. The contribution format income statement at the break-even point for the company showing the appropriate levels of sales for the two products is as follows:
Claim jumper Makeover Total Sales $ 82,500 $ 34,500 $ 117,000 Variable expenses 30,450 6,090 36,540
Contribution margin $ 52,050 $ 28,410 $ 80,460
Fixed expenses 81,900 Net operating loss $ (1,440)
At the break-even point, the company will have $117,000 in total sales, of which Claimjumper will account for $82,500 and Makeover will account for $34,500.
Total variable expenses at this level of sales will be $36,540, and the contribution margin will be $80,460 ($52,050 + $28,410).
This contribution margin exactly equals fixed expenses of $81,900, resulting in a net operating loss of $1,440.
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Sales returns and allowances are reported on the ______.
Answers
Sales returns and allowances are reported on the Income Statement.
What is the income statement?The income statement is a financial statement wherein the sales revenue and cost of goods sold and operating expenses are summarized in order to obtain the net income.
When reporting the sales returns and allowances on the income statement, they are subtracted from the gross sales to arrive at the net sales.
Thus, sales returns and allowances are reported on the Income Statement.
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Which of the following is LEAST likely to be considered in establishing the value of a property by the sales comparison approach
Answers
The item that is LEAST likely to be considered in establishing the value of a property by the sales comparison approach is capitalization rate.
What is capitalization rate?This is usually associated with real estate, which is the returns on investment or properties hence helps in evaluating a real estate investment. it is the percentage rate of return that a property will produce on the owner's investment.
In other words, capitalized interest refers to interest that is added to some kind of debt and that is included in current balance accounts, as opposed to waiting to figure in the cost of interest.
The capitalization rate are measures, used to estimate and compare the rates of return on multiple commercial real estates, which is calculated as the ratio between the annual rental income produced by a real estate asset to its current market value.
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A country’s potential nationalization of companies in the oil industry would represent a(n) _____ risk
Answers
What is an example of form utility
Answers
U.S. is established as a country based on freedom is to the early america era as federal support for the growth of big business is to the?
Answers
U.S. is established as a country based on freedom is to the early America era as federal support for the growth of big business is to the Industrial revolution.
What is American Industrial revolution?The 1870s saw the beginning of the Revolution, also referred to as the American Manufacturing Revolution, which lasted until the conclusion of World War II. During this time, new transport methods like steamships, vehicles, and airplanes were developed along with the mechanization of industry and agriculture.
What are the four root reasons of the American Industrial Revolution?The advent of capitalism, European imperialism, efforts to mine coal, and the effects of the agricultural revolution are some of the factors that historians have recognised as contributing to the Industrial Revolution.
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Which of the following of statements are true of a "disruptive innovation"? I. A factor favoring the success of disruptive innovation is that incumbent firms are slow to change. II. Disruptive innovators take advantage of incumbent firms’ excessive focus on making mostly minor improvements on existing technologies. III. Disruptive innovation has the potential to result in creative destruction.
Answers
Answer:
I. A factor favoring the success of disruptive innovation is that incumbent firms are slow to change.
Explanation:
In the theory of business, the disruptive innovation is defined as the innovation or technology which creates a new market and also value network and it eventually disrupts or destroys the existing market or the value market. It displaces the existing established markets and firms.
It tries to capture the market or the firms from bottom up, first capturing the low end. One of the factor that favors the success of the disruptive innovation is that the existing markets are very slow to changes.
Which are examples of a service business? (Check all that apply)
Ford Dealership
Southwest Airlines
Procter & Gamble
McDonalds
Answers
Answer: Southwest Airlines, Ford Dealership & McDonalds
Explanation: For ex, airlines, banks, electronic support providers, law firms, plumbing repair companies, movie theaters, and managing management consulting firms are pure service companies. Foodservice McDonald's outlets. In more than 100 countries worldwide, these restaurants offer a diverse, but small value list.
Elaine Chambers works as a research executive at ENVIR Inc Though her colleagues are belpful and friendly, because of her shy nature, she often eats her lunch at her desk and has limited interactions with them. She is glad that her nature of work does not require her to interact with her co-workers to a high extent Hilaine's personality is characterized by the Myers Briggs Type Indicator referred to as
A) reserved
B) introverted
C) extroverted
D) agreeableness
E) Conscientes
Answers
Answer:
The answer is B she's an introvert, a person who's more reserved in nature than other people.
ENGLISH
Read the passage given below
The choices we make on a daily basis-wearing a seatbelt, lifting heavy objects correctly or purposely staying out of any dangerous situation can either ensure our safety or bring about potentially harmful
circumstances. You and I need to make a decision that we are going to get our lives in order Exercising self-control, self-discipline and establishing boundaries and borders in our lives are some
of the most important things we can do. A life without discipline is one that's filled with carelessness.
We can think it's kind of exciting to live life on the edge. We like the image of "Yeah! That's me! Living on the edge! Woo-hoo!" It's become a popular way to look at life. But if you see, even highways have lines, which provide margins for our safety while we're driving. If we go over one side, we'll go into the ditch. If we cross over the line in the middle, we could get killed. And we like those lines because they help to keep us safe. Sometimes we don't even realize how lines help to keep us safe.
I'm not proud of this, but for the first 20 years of my life at work, I ignored my limits. I felt horrible, physically, most of the time. I used to tell myself "I know I have limits and that I've reached them, but I'm going to ignore them and see if or how long I can get by with it." I ran to doctors, trying to make myself feel better through pills, vitamins, natural stuff and anything I could get my hands on. Some of the doctors would tell me, "It's just stress." That just made me mad. I thought stress meant you don't like what you do or can't handle life, and I love what I do. But I kept pushing myself, travelling, doing speaking engagements and so on-simply exhausting myself. Finally, I understood I was living an unsustainable life and needed to make some changes in my outlook and lifestyle. You and I don't have to be like everyone else or keep up with anyone else.
Each of us needs to be exactly the way we are, and we don't have to apologize for it. We're not all alike and we need to find a comfort zone in which we can enjoy our lives instead of making ourselves sick with an overload of stress and pressure.
i. The reason why living on the edge has become popular, is because of the
a) constant need for something different.
b) population being much younger.
c) exhausting effort to make changes.
d) strong tendency to stay within our limits
ii. Choose the option that best captures the central idea of the passage from the given quotes.
a) It is all about quality of life and finding a happy balance between work and friends.
b) to go beyond is as wrong as to fall short
c) life is like riding a bicycle. To keep your balance you must keep moving.
d) balance is not something you find, it is something you create.
iii. Which of the characteristics are apt about the writer in the following context: "I know I have
limits and that I've reached them, but I'm going to ignore them and see if or how long I can get by
with it."?
1) negligent 2) indecisive
3) spontaneous
4) reckless 5) purposeless 6) patient
a) 2 and 5
c) 1 and 4
b) 3 and 6
d) 2 and 3
iv. Which of the following will be the most appropriate title for the passage?
a) Much too soon
b) Enough is enough
c) How much is too much? d) Have enough to do?
v. The phrase "potentially harmful circumstances” refers to circumstances that can
a) certainly be dangerous. b) be fairly dangerous.
c) be possibly dangerous. d) seldom be dangerous
vi. Select the option that makes the correct use of “unsustainable", as used in the passage, to fill in
the blank space.
a) In the long run, the_______officials followed emergency procedures.
b) Emergency procedures were _______ by the officials.
c) Officials reported a set of _______ events during the emergency.
d) Officials admit that the emergency system is __________ in the longer run.
vii. The author attempts to the readers through this write-up.
a) rebuke
b) question c) offer aid to d) offer advice to
viii. The author uses colloquial words such as "yeah" and "Woohoo!". Which of the following is
NOT a colloquial word?
a) hooked
b) guy
c) stuff
d) stress
ix. What does the author mean when he says, "to get our lives in order"?
a) To resume our lives.
b) To organize our lives.
c) To rebuild our lives.
d) To control our lives.
x. Choose the option that correctly states the two meanings of 'outlook', as used in
the passage.
a) A person's evaluation of life
b) A person's experiences in life
c) A person's point of view towards life d) A person's regrets in life
e) A person's general attitude to life
xi. The author explains the importance of discipline and boundaries in our lives
using the example of
a) road accidents.
b) traffic rules.
c) lines on the highway.
d) safe driving.
xii. What is the message conveyed in the last paragraph of the passage?
a) Love what you do.
b) Love yourself to love others.
c) Be the best version of yourself. d) Be yourself.
Answers
Answer:
mother trucker u suppose to put one answer
Answer:
if ur gonna put 90234982304 questions and a passage maybe give more than 5pts lol
Explanation:
The best way to communicate sensitive information is to do so:
A) In an email message.
B) In a written memorandum.
C) Verbally.
D) In a text message.
Answers
When it comes to sensitive information, it's important to consider the context and carefully weigh the pros and cons of different communication methods before deciding on the best approach.
The best way to communicate sensitive information depends on the nature of the information, the recipients of the information, and the context in which the information is being shared
Different approaches-That being said, in general, verbally communicating sensitive information is typically the best approach. This allows for a greater degree of control over the message, tone, and delivery, which can be crucial when dealing with sensitive topics. It also provides an opportunity for the recipient to ask questions, seek clarification, and react in real time.
Other Modes-Email messages, text messages, and written memoranda can be effective in certain contexts, but they are generally less personal and can potentially be more easily misinterpreted or forwarded to unintended recipients
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Some large publishers have stopped publishing children’s books because they are expensive to produce and distribute. This is an example of an offensive strategy. True or false?.
Answers
Answer:
False
Explanation:
it cost roughly around 5k to produce 100k+ books and they make roughly 65k
If the first 5 students expect to get the Final Average of 95, what would their Final Tests need to be?? Please let me know how to get the final scores.
Answers
Answer:
475
Explanation:
An average value is the sum of all initial values divided by the number of values used.
i.e Av = \(\frac{sum of values}{number of values}\)
Since the 5 students are expecting final average of 95, then their final test score can be determined by;
number of values used = 5, and the average = 95
So that;
95 = \(\frac{sum of values}{5}\)
⇒ sum of values = 95 × 5
= 475
sum of values = 475
The first 5 students' final test score = sum of values = 475.
Their final test score need to be 475.
What is friendship?? :)
Bye! Y'all!!
Answers
Answer:
agree with this
.................................
Answer:
just for fun
Explanation:
real friends are those who open their mouth to just insult there bestij
In the communication process, when the ideas of a message are perceived and then interpreted, this is known as.
Answers
In the communication process, when the ideas of a message are perceived and then interpreted, this is known as decoding.
What is decoding?Decoding can be defined as the process of translating or converting information or message into what the addressee can understand.
This process has to do with analyzing and interpreting the message or information so as to enables the listener of the message to decode or understand what the information entails.
Therefore is is known as decoding.
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