If you invest $15,000 at 3.1% annual interest compounded monthly, how much will be in the account after 16 years

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Answer 1

Answer:

The final balance would be $24,616.34 at the end of 16 years of monthly compounded interest

Explanation:

The total compound interest would be $9,616.34 after 16 years.


Related Questions

Kimberly has been helping Jonah in preparing his personal income tax forms for a couple of years. Jonah's boss recommended Kimberly because she had done a good job setting up the company's new accounting system. Jonah is very satisfied with Kimberly's work and feels that the fees she charges are quite reasonable. Kimberly would be classified as a(n)

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Licensed professionals who indulge in preparing financial documents for individuals, organizations and business are called public accountant. Hence, Kimberly would be classified as a public accountant.

Based on the description given which involves the various tasks undertaken by Kimberly while working for Jonah, such as preparation of tax income forms and various financial documents.

Here, Jonah is Kimberly's client and she will be classified as a public accountant.

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funds are typically needed to manage day to day needs of a business as well as acquiring needed inventory.

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The type of funds that are required by every business in order to be able to manage their daily activities and getting needed inventory is the operating funds.

The operating funds is used for the expenses that are incurred in the daily operations of a business. Such expenses are expected to happen in the business.

Companies need operating funds in order to finance their purchasing program. Such funds are used for planning and buying assets that are needed for the business.

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What is enterprise value.

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Answer:

In business, enterprise value (EV) is a comprehensive measure of a company's complete worth that is sometimes employed as a more comprehensive alternative to stock market capitalization. The enterprise value (EV) of a firm comprises not only the market capitalization of the company, but also short- and long-term debt, as well as any cash on the balance sheet of the company. Enterprise value is a common statistic for determining the worth of a firm in the context of a possible acquisition.

Explanation:

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Gloria has an option to purchase the cottage she leases from her landlord. She can exercise the option within the next two years. To gain that right, Gloria paid the landlord $5,000. This is called ______.

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The option that Gloria has to purchase the cottage that she leases from her landlord is called An option fee.

Gloria has an option to purchase this property here. Under this option, she and the landlord would have a mutually agreed percentage on the purchase price.

Gloria paid her landlord the $5000 in order for her to have the right that would enable her to buy this property at a later date in the future.

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A scope creep __________ is a list of additional ideas or bells and whistles proposed during a project.

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Based on business management, a scope creeps "parking lot" lists additional ideas or bells and whistles proposed during a project.

Typically, a scope creeps parking lot is a document that records the project scope requests that the stakeholders do not authorize.

There a various information or scope requests that can be documented in the scope creep parking lots. Some of these unauthorized scope requests include the following:

An ambiguous scope of workPoor planning scheduleProject duration and complexity lCommunication between project stakeholders, etc.

Hence, in this case, it is concluded that the correct answer is "parking lot."

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Select the steps in financial planning. (Select all that apply) Multiple select question. define the firms organizational chart forecasting short term needs recruit employees establish financial controls develop budgets

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The available steps which are part of the financial planning process for a business or an individual includes:

B. Forecasting short term needsD. Establish financial controlsE. Develop budgets

According to the given question, we are asked to state the available steps which are part of the financial planning process for a business or an individual.

As a result of this, we can see that the main objective of the financial planning process is to optimize the profits which the business makes. With this in mind, we can see that the steps which are

Therefore, the correct answers are options B, D and E

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The decision-making process has five steps. After collecting relevant information and evaluating each alternative, the next step is to:

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Answer:

Select the course of action

Explanation:

Because it’s the next step after collecting relevant information and evaluating each alternatives

The decision-making process has five steps. After collecting relevant information and evaluating each alternative, the next step is to select the course of action.

What is the decision-making?

The process of deciding what to do involves identifying a problem, acquiring data, and weighing potential answers. The value of decision-making comes in how it aids you in selecting among many possibilities.

Group decision-making is preferable when there is sufficient time and the potential consequences of a choice are considerable since it allows the opportunity for all members to contribute their best ideas.

Determining a decision, acquiring data, and weighing potential solutions are all steps in the decision-making process. The best options are selected, and a course of action is decided.

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óscar’s firm operates in a rapidly changing industry. he often must apply his excellent ________ to assess problems and develop solutions very quickly.

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According to management theory, óscar’s firm operates in a rapidly changing industry. He often must apply his excellent "problem-solving skills" to assess problems and develop solutions very quickly.

This is based on the idea that problem-solving skills are essential in assisting individuals in determining the cause of a problem and why it is occurring, including how to decipher the issue.

There are various Problem-Solving Skills include:

Active listening.Analysis.Research.Creativity.Communication.Dependability.Decision making.Team-building, etc.

Hence, in this case, it is concluded that the correct answer is "Problem Solving Skills."

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when the government injects money into the economy, consumers may have more disposable income, which may lead to:

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Answer: Inflation

Explanation:

What is the largest source of a income for banks

Answers

Answer:

Interest income

Explanation:

Answer:

goverment

Explanation:

they create the money from paper

Wayfair Co. Reported the following results from the sale of 5,500 tables in May: sales $300,000, variable costs $165,000, fixed costs $85,000, and net income $50,000. Assume that Wayfair increases the selling price of tables by 10% on June 1. How much sales are needed by Wayfair to break even?.

Answers

Wayfair Co's sales needed to break even are 2,833 tables and $170,000.

Data and Calculations:

Number of tables sold in May = 5,500

Sales revenue in May = $300,000

Fixed costs = $85,000

Net income = $50,000

Selling price per table in May = $54.55 ($300,000/5,500)

Total variable costs  = $165,000

Variable cost per unit = $30.00 ($165,000/5,500)

New selling price per table in June = $60 ($54.55 x 1.1)

Contribution margin per table = $30 ($60 - $30)

Contribution margin ratio = 50%  ($30/$60 x 100)

Break-even Sales (Units) = Fixed Costs/Contribution Margin

= 2,833 ($85,000/$30) tables

Break-even Sales ($) = $170,000 ($85,000/50%)

Thus, the sales needed to break even are 2,833 tables and $170,000.

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All ________ are required to be members of the Federal Reserve System. Group of answer choices banks with assets less than $100 million banks with assets less than $500 million state chartered banks national banks chartered by the Office of the Comptroller of the Currency

Answers

The answer is national banks chartered by the Office of the Comptroller of the Currency

A partner's self-employment earnings (loss) may be affected by her share of ordinary business income (loss) and any guaranteed payments she receives. The impact of these amounts typically depends on the status of the partner. Which of the following statements correctly describes the effect these items have on the partner's self-employment earnings (loss)?A) General partner - only guaranteed payments affect self-employment earnings (loss).B) General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss).C) Limited partner - only guaranteed payments affect self-employment earnings (loss).D) Limited partner - only ordinary business income (loss) affects self-employment income (loss).E) Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).

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There are different form of partnership. The statements that correctly describes the effect these items have on the partner's self-employment earnings (loss) is given below;

Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).

A general partner is known to be a type of owner of a partnership and they are said to either be a managing partner or active in the daily operations of the firm.

General partners are mandated to include any guaranteed payments they get and their share of ordinary business income (loss) in their self-employment earnings (loss).

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Rinaldo is an expat working in Singapore. As part of his compensation package, a chauffeur drives him to and from work each day. The chauffer is an example of a(n) Multiple Choice wage. allowance. bonus. perk.

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The chauffeur is an example of Perk because the benefit is enjoyed because Rinaldo works for the company.

Basically, Perk is recognized as an advantage / benefit that an employees gets because of working for the company.

For instance, getting free ride, lunch, donations from staffs are all examples of perks.

Here, the Chauffeur driver does drive Rinaldo to and from work because it is part of his compensation package.

This benefit of this transportation is not part of Rinaldo's wage, allowance or bonus.

Therefore, the answer is Option D because the benefit is enjoyed because he works for the company.

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Customers are more likely to tell their friends about negative experiences with companies than positive ones because:

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There is more drama involved in unmet expectations.

The reason why customers are more likely to tell their friends about negative experiences with companies than positive ones is that humans often remember the hateful things said than the nice things

Also, when customers are satisfied with one's service, they rarely tell others. whereas an unsatisfied customer would tell others about his or her bad experience due to unmet expectations.

Logically, customers would have bigger impressions in their mind when they have bad experiences reason companies work on strengthening and improving their customer experience team.

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You invest $3,500 at 10% compounded annually for 3 years. How much will your investment be worth in 3 years

Answers

Answer:

Your total balance after 3 years would be $4,658.5 with a total compounded interest of $1,158.5

Wrigley introduced a new flavor of Orbit brand sugar-free chewing gum, mint mojito, and its introductory price was low so that it quickly created loyal customers for the flavor. In this example, Wrigley used Group of answer choices skimming pricing. penetration pricing. price lining. odd-even pricing. loss-leader pricing.

Answers

In this example, Wrigley used the Penetration pricing.

Penetration pricing is one of marketing strategy which aims to attract potential customers by offering lower price as its initial offering.

This pricing strategy helps a new product or service to penetrate the market and attract customers because of the low price offered.

In the question, the introductory price for chewing gum, mint mojito were set low and aims to attract new customers to the product.

In conclusion, Wrigley used the Penetration pricing to attract new customers.

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A(n) ____________________ is all the people and organizations that might purchase a product.

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Consumers refers to a group of people, individuals, businesses that make use of a product.

A(n) consumer is all the people and organizations that might purchase a product

The consumers can also be refered to as the market for a product. They are people who have the ability, and willingness to buy a product at a particular time.

Consumers can either purchase a product to consume directly or buy with the purpose of using it for production of other items.

Therefore, consumers are purchasers and users of a product.

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9. Describe some research strategies implemented by economists to prove the existence of labor market discrimination based on race.

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Answer:

Explanation:

I

n this article, we discuss the theory and evidence on discrimination in two

key domains—the labor market and the criminal justice system—from an

economic perspective. We define discrimination as treating someone differently based on characteristics such as gender, race, or religion. Prejudice may lead

to discrimination, but only if you act on it. Moreover, discrimination by individuals

does not necessarily lead to discrimination at a market or societal level. We focus

primarily on discrimination against blacks, although many of the concepts l assessment of a nonrepresentative

sample, as when an employer ascribes differences in an earlier job applicants pool

to a current one even though the applicant population has changed.

The canonical Becker ([1957] 1971) model of employer discrimination suggests

that market forces push back against taste-based discrimination, because prejudiced

employers will pay more for (or hire less qualified) preferred race workers, thereby

decreasing profits. Consequently, in a basic model, competition from nondiscriminating firms drives discriminators from the market until wage

a Shannon has been a member of her school's newspaper club for 2 years and attends writing workshops in her free time. Which career choice should she explore? A. Museum Curator B. Web Content Developer C. Graphic Designer D. Business manager​

Answers

She could look into both option B and D but I’m leaning more towards D as She could use her writing and English skills to compose formal documents and prepare motivational and persuasive speeches. And her initiative and independence would also be solid qualities to have for a business manager.

In the new media world of social media, new territory has opened up for ethical challenges. What is an ethical focus question a company should ask itself before posting a piece on social media?.

Answers

The ethical-focus question that a company should ask itself before posting includes:

is this post transparent?is this post honest? is this post ethical?

Ethical principles in this context refers to making sure that the post has moral and is acceptable to the public.

Hence, the ethical-focus question should includes is this post transparent? is this post honest? is this post ethical? etc

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Sales revenues are usually considered earned when.

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Answer:

Revenues, which are derived from an entity's main activities such as the sale of merchandise or the performance of service, are considered to be earned when the earning process has been substantially completed.

Explanation:

can someone please help me i need the sales analysis for covergirl. please help it's due in 30 minutes

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HOW ABT the beach set.

When firms set a single price for all customers, regardless of how much they buy or under what conditions they make their purchase, the firm is operating under a

Answers

Answer:

one-price policy

Explanation:

50 POINTS

Brad is not a huge fan of kids but loves to work with animals. The early childhood development pathway of the human services cluster would be a good fit for brad.

TRUE OR FALSE

Answers

yes , it's true because he actually says that he's not a huge fan of kids so he might be awkward around them but as he Loves animals he would like to be and spend time with them .

Answer:

Brad is not a huge fan of kids but loves to work with animals. The early childhood development pathway of the human services cluster would be a good fit for brad.

FALSE

srry I answered late (•-• ;)

intelligent industries recently purchased a $50,000, 10% 12-month bond. from intelligent’s point of view, this bond would be considered a

Answers

from Intelligent’s point of view, this bond would be considered a current asset, because it represents a resource that can easily be converted to cash within one year.

A bond is a debt instrument. A bondholder is entitled to regular predetermined interest rate payments and at the end of the bond's tenure, the bondholder would receive the amount invested.

Current assets are assets that are expected to be sold, used, or exhausted through standard business operations with one year.

Examples of current asset are:

cash cash equivalents accounts receivablestock inventorymarketable securities pre-paid liabilities

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You will still be able to get public broadcasting whether or not you contribute to their fundraising campaign. You decide not to contribute. What is this an example of?
A. a public-sector problem
B. an externality problem
C. a public-good problem
D. a free-rider problem

Answers

Answer:

D. a free-rider problem

why does having a higher deductible lower your insurance premiums?

Answers

Answer: That's because you're agreeing to take on more of the cost of the damage.

Explanation: the lower you set your deductible, the more you'll pay for car insurance, because you'll be paying less out of pocket. I think <3

the total number of shares that a company may sell is referred to as

Answers

Answer: Authorised shares

write Description the day was hot.

Answers

Answer:

Hope my answer helps you (⌒▽⌒)

Explanation:

A hot summer is more a punishment than a gift. The unbearable heat makes us uncomfortable and lethargic.The period between dawn and sunrise is a lovely sight. The twilight scene is most appealing. The calm and serene atmosphere, the cool and bracing climate and the refreshing breeze soothe our spirits. The sweet chirping sound of birds appears to be the most enchanting.After some time, we can see the golden disc of the rising sun in the East. It is slightly hot. But as the day advances, temperatures keep increasing. People who are out, begin to come back in order to avoid the oppressive heat. At noon the sun is red hot. People are hardly seen outside. Farmers stop ploughing their fields during these hot hours. The doors and windows of the houses are closed. People sit in their rooms, which are kept cool by fans, desert coolers and air conditioners. Some have to go to the offices. Their clothes become wet with perspiration. One feels very uneasy due to this.The afternoon is the hottest. The piercing rays of the sun fall on the ground. The heat is unbearable and oppressive during the afternoon.
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