You have just deposited $10,500 into an account that promises to pay you an annual interest rate of 6.4 percent each year for the next 5 years. You will leave the money invested in the account and 15 years from today, you need to have $29,750 in the account. What annual interest rate must you earn over the last 10 years to accomplish this goal?

Answers

Answer 1

Answer:

7.59%

Explanation:

Calculation for What annual interest rate must you earn over the last 10 years to accomplish this goal

Future value required=[Amount of deposit*(1+6.4%)^5]*(1+I)^10

$29,750=[$10,500*(1+6.4%)^5]*(1+I)^10

$29,750=[$10,500*(1+0.064)^5]*(1+I)^10

$29,750=[$10,500*(1.064)^5]*(1+I)^10

$29,750=[$14,318.497198]*(1+I)^10

(1+I)^10=[$29,750/$14,318.497198]

(1+I)^10=2.077732013

(1+I)=2.077732013^(1/10)

(1+I)=1.07586791

Hence, annual interest rate will be:

Interest rate, I=(1.07586791-1)*100

Interest rate=0.07586791*100

Interest rate=7.586791%

Interest rate=7.59% (Approximately)

Therefore the annual interest rate that you must earn over the last 10 years to accomplish this goal is 7.59%


Related Questions

The two types of distribution channels are direct and ________________.
- indirect
- publishing
- production
-wholesaler

Answers

Answer:

- indirect

Explanation:

Manufacturers may use either direct or indirect distribution channel to get finished products to the consumers.

In the direct channels, the finished products move from the manufactures straight to the consumer. There are no intermediaries involved.

In the indirect distribution channel, products go through one or more intermediaries before getting to consumers. The products may come from the manufactures to distributors, wholesalers, retailers, and finally, consumers.

What are the cons of using new residential sales/new home sales as a economic indicator?

Answers

Answer:

New home sales and existing home sales are released each month at about the same time. Many comparisons are made between the two series, but before doing any comparisons, one must be aware of some definition differences that affect the timing of the statistics.

The Census Bureau collects new home sales based upon the following definition: "A sale of the new house occurs with the signing of a sales contract or the acceptance of a deposit." The house can be in any stage of construction: not yet started, under construction, or already completed. Typically about 25% of the houses are sold at the time of completion. The remaining 75% are evenly split between those not yet started and those under construction.

Existing home sales data are provided by the National Association of Realtors®. According to them, "the majority of transactions are reported when the sales contract is closed." Most transactions usually involve a mortgage which takes 30-60 days to close. Therefore an existing home sale (closing) most likely involves a sales contract that was signed a month or two prior.

Given the difference in definition, new home sales usually lead existing home sales regarding changes in the residential sales market by a month or two. For example, an existing home sale in January, was probably signed 30 to 45 days earlier which would have been in November or December. This is based on the usual time it takes to obtain and close a mortgage.

Effective with January 2005, the National Association of Realtors created a new monthly series to overcome the lagging effect of the existing home sales definition. This new series is called Pending Home Sales and is based on sales of existing homes where the contract has been signed but the transaction has not been closed, making it roughly equivalent to the new home sales definition. Monthly estimates are expressed as an index where the year 2001 has been set to equal 100.0.

Explanation:

HELP WILL MARK BRAINLY AND GIVE EXTRA POINTS || if I’m in 11th grade how many years of basic math skills do it have (for a job application)

Answers

I think the answer you’re looking for is 7, depends on the college degree you’re trying to get :)

State 5 differences betweeen a stencil suplicator and a spirit duplicator​

Answers

Answer:

spirit duplication is a method of reproducing documents where a spirit duplicator is used. The master copy is prepared from which copies are produced.

I hope is helpful

please i want to be a branalist

Explanation:

(Will give brainliest)
Which qualification is necessary for a Mental Health Counselor?

knowledge of psychology and related books and resources
understanding of a psychology and religious tradition
understanding of psychology, and mathematics
knowledge of psychology and history of psychology

Answers

Answer: Knowledge of psychology and related books and resources.

Explanation: Religious tradition, mathematics and history of psychology are not needed qualifications for a Mental Health Counselor.

The qualification is necessary for a Mental Health Counselor is knowledge of psychology and related books and resources. Thus the correct option is A.

What is Mental Health Counselor?

The Mental Health Counselor is referred to as an individual who has expertise in dealing with the issues and challenges related to mental health. He carries certain degrees and certifications which shows his expertise and knowledge.

He has a deep understanding of the behavioral changes of an individual which he learned through psychology studies as well as related books and resources.

To manage psychological problems and enhance emotional wellness, counselors work with individuals, families, groups, and communities. People exhibit signs of mental diseases like despair, phobias, and anxiety.

Therefore, option A is appropriate.

Learn more about Mental Health Counselors, here:

https://brainly.com/question/9912755

#SPJ6

Once a marketing campaign is executed, it should be ________________ for effectiveness.
- evaluated
- created
- engineered
- designed

Answers

Answer:

evaluated

Explanation:

To evaluate is to carefully and skillful determine the merits, benefits, significance, nature, character, or relevance of something or someone. The process of evaluation highlights the strengths of the subject matter and reveals its weaknesses.

Evaluating a marketing campaign will determine its level of success and point out areas that need improvement.

Imagine you have decided to buy a movie ticket for $15. Which of the
following best describes the opportunity cost of your decision?

Answers

Answer: the money and time you spend on the movie!!


Explanation:

The lengths of the sides of two squares are 4cm and 6cm . find in its simplest form the ratio of their perimeters and areas ​

Answers

Answer:

Perimeters, 2:3

Areas, 4:9

Explanation:

The formula for calculating the area of a square is L squared. Findings perimeter is L x 4

The perimeters

The Perimeter of the first square: 4cm x 4 = 16

The perimeter of the second square: 6cm x 4 =24

Their ration will be 16:24

in simple form = 2:3

The areas

Area of the first square: 4 x 4 = 16

Areas of the second square: 6 x 6 =36

Their ratio will be 16:36

In simple form= 4:9

Future Clothes Inc., a publicly traded company, designs and manufactures wearable technology. What approach should Future Clothes take after a long period of horizontal integration in its industry? Assume that the industry is now stable and competitors have not made any major changes in price or marketing recently.

Answers

Answer:

The interpretation of the discussion is characterized throughout the explanation segment below.

Explanation:

Concentrate on an investigation as well as implementation or enhancement as something with a category or manner of price-free competitive advantage. With more than just related diversification, there is much less inflationary pressure as well as the corporation or manufacturer should start concentrating on non-price competitive advantage throughout the opportunity to expand mostly on the supply chain.

So the answer here is just the appropriate one.

PLEASE addresses the answer to the question: how how far should the plan go to meet the
objectives?
• matching objectives and target-market priorities
•matching activities with target markets
•continuity of long planning
• common term of reference
•helps measure market success

Answers

Answer:

the answer is NOT common terms of reference

Explanation:

got it wrong on edg quiz :(

ANSWER: matching objectives and target-market priorities 

Resources are considered to be natural, human or ________________ resources.
- money
- land
- capital
- personal

Answers

Personal






The guy above me said so yeah

Resources are considered to be natural, human, or personal resources.

What are resources?

Resources are those materials that are readily available in our surroundings that are economically feasible, technologically feasible, and culturally sustainable that help us satisfy our needs and desires. Based on their accessibility, resources are separated into two categories:

Personal resources, often known as "internal resources," are resources that may be linked to a specific person. An example of a personal resource is motivation. Interests. the capacity for thought, emotion, and action.

Personal resources are characteristics of the self that are typically associated with resiliency and describe people's perceptions of control over and success in influencing their surroundings. Resources include resources, capital (other finances), and assets (time, money, and energy) that can be used to achieve your objective. What financial resources do you have Make a list of all of your possessions and assets.

Therefore,  thus option (D) is correct.

Learn more about resources here:

https://brainly.com/question/28605667

#SPJ2

A census helps the CPI in what way?
a. It shows who will be unemployed next year
b. It shows which citizens will use the stock market.
c. It shows the purchasing history of citizens by year.
d. It shows the educational level of citizens.

Answers

Answer:

c. It shows the purchasing history of citizens by year.

Explanation:

CPI stands for Consumer Price Index. A census in CPI will provide the data about the changes in average price of customers goods and services that's bought by the households in a country.

A government can know the purchasing history of average citizens by examining the changes in these prices. (If the price increases, it usually indicates that more customers purchases that particular product.)

E-mail is a factor of _____.


communication

demographics

competition

possible customers

Answers

Answer:

Communication

Explanation:

Well, isn't that what we all use emails for?

Answer:

I think the answer is communication

Explanation:

Sorry if it's wrong.

A Nike Hoodie has a retail price of $99.00 and it costs the retailer $49.50. What is the mark-up
Percentage?

Answers

Answer:

100%

Explanation:

Mark-up is the difference between selling price and cost price

Selling price =$99.00

Cost price = $49.50

Mark up = $99- 49.50

=$49.50

As a percentage

= $49.50/$49.50 x 100

= 1 x 100

= 100%

i dont get it
can you help ye s didniit os good to dxuiowesxvuedhhgv0x difc id dv h 0oidv

Answers

i don’t get it either jsjsvsusm ssnshwkwnnw skshwbjsj skjsbs djdhsnsj
I- where the picture??

Practice
Which of the following is a benefit of product
placement? (Select the best answer.)
0 It's difficult for viewers to ignore.
It's less expensive than other forms of advertising.
Olt attracts a broader target market than other ads.
O It doesn't make viewers skeptical.

Answers

Answer:

A. It's difficult for viewers to ignore.

Explanation:

A marketing channel can be defined as the process of developing marketing techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers. There are four (4) main types of marketing channels and these includes; direct selling, dual distribution, sales through intermediaries and reverse channel.

Another channel used extensively by business owners for the advertisement of their products is product placement.

Product placement can be defined as a marketing strategy which typically involves having branded products and services being predominantly featured in a production such as a movie or a piece of art. Thus, it is essentially used by business owners to reach out to their target audience or customers who are considerably large in size.

For example, an automobile company such as Toyota may decide to have their exclusive cars being featured in a blockbuster movie.

Hence, one of the benefit of product placement is that, it's difficult for viewers to ignore.

Answer:

A. It's difficult for viewers to ignore.

Explanation:

did it on edg

The bank received and accepted a payment worth $7,200 from a customer on the company’s behalf. Which journal entry adjustment should the accountant make?
A.
Accounts receivable will be debited by $7,200.
B.
Accounts payable will be debited by $7,200.
C.
Accounts receivable will be credited by $7,200.
D.
Accounts payable will be credited by $7,200.

Answers

Answer:

C. Accounts receivable will be credited by $7,200

Explanation:

Accounts receivable are expected payments from customers. They exist because businesses sell goods and services to customers on credit. Account receivables are asset accounts. An increase in assets accounts is debited, and a decrease is credited.

If the banks received payment from a customer, it means a customer has paid for goods sold on credit. Accounts receivable have decreased ( to be credited), but cash in the bank has increased.

Which quality of accounting information states that the information is verifiable and is not subject to opinion.

Answers

Reliability!

Hope this helps, Good luck! :)

lin is making a presentation about road safety and wants to add images of road signs.

Answers

Answer:

I dont get what this is asking

Explanation:

This is not a question

A student of mass of 65kg takes 10s to run up a flight of stairs of 40steps. lf each step is 12cm high,calculate the potential energy of the student at a maximum height. take gravity =10m/s2​

Answers

Answer:

Eg=mgh

Eg=gravitational potential energy

m=mass (kg)

g=acceleration of gravity

h=height (m)

m=65kg

g=10m/s²

h=40·12=4.8m

Eg=65(10)(4.8)

Eg=3120J


1) What happens if you do not pay a credit card bill on time?
A. Use your debit card
B. Go into debt
C. Pay interest
D. Declare bankruptcy

Answers

The answer is C because you have to make up for it.

Select a disadvantage of a corporation:
a. More resources to access
b. Minimum liability
c. Meeting complex government requirements
d. Easier to raise money

Answers

Answer:

c. Meeting complex government requirements

Explanation:

The process of starting a corporation is long and complex compared to the other forms of business. Numerous legal requirements must be met before a corporation is registered. On most occasions, the founders need to hire a lawyer to assists in the registration process. The legal fee and registration fee makes incorporating a business expense.

Dave Ramsey's investing principles.

Answers

Answer:

Here is Dave's investing philosophy: Get out of debt and save up a fully funded emergency fund. Invest 15% of your income in tax-favored retirement accounts. Invest in good growth stock mutual funds

Enterprising people will make good office workers.
A.True
B. False

Answers

Answer:

A.True

Explanation:

Enterprising means having or showing initiative and resourcefulness making it helpful in a office.

It’s a it’s trueeeeeeee

Accroding to lapena what is the importance of the oral tradition?
to what extent do you agree with his opinions why?

Answers

Answer:

Oral tradition is a form of human communication that transmits knowledge, ideas, culture, thoughts, beliefs and other issues of social or ideological nature through verbal communication. Therefore, this was the main means of knowledge transmission in pre-literate societies, where older generations transmitted their knowledge to younger people, and also an important aspect in literate societies in parallel with written literature.

Therefore, since it is the first means of transmitting knowledge, and is still applied today in smaller social groups such as the family, oral tradition is a fundamental part in the construction of knowledge and people's identity.

What might you need to do to renew your credentials?

submit paperwork

fill out an application

attend a meeting

retake exams

start your education over

Answers

Answer:

submit paperwork, fill out an application, and retake exams

Explanation:

trust me

Answer:

<3

Explanation:

A job search should be treated like a full time job. Please select the best answer from the choices provided
True or false

Answers

True, a job search souls be treated like a job

Which of the following ratios is used to determine ones debt-to-income ratio?
а. 20/28
b. 20/36
C. 28/30
d. 28/36

PLEASE HELP ASAP

Answers

I believe the answer is D.

Hope this helps! ^^

Answer:

I THINK D AS WELL

Explanation:

The availability of a commodity is referred to as its

Demand.

Distribution.

Surplus.

Supply.

Answers

The answer is Supply



Demand refers to the need of a commodity.
Distribution refers to the way the commodity is given out.
Surplus refers to what is left over.

________________ products are customized and adapted to the culture, tastes and social trends of a country.
- International
- Global

Answers

Answer:

- International

Explanation:

An international product is customized to suit the culture and the needs of a particular country. It means the product is available for purchase in many different markets. It is made slightly different to suit the unique needs of each country.

A global product is also available in many countries. Unlike an international product that is customized, a global product is availed with the same features and packaging in all countries.

Other Questions
Drag each label to the correct location on the table. Not all labels will be used.Identifythe careers that require a college degree.anthropologistfilm actorvideo equipment installerprogrammer analystaeronautical engineerphotographer Alion eats the meat of a buffalo. How do the molecules in the buffalo most likey act as building blocks for thelion? find the value of x. what does migration prevent ? Which of the following statements aboutthe Umayyad dynasty is true?A. The dynasty relocated the Islamic holy city to Cairo inEgypt.B. The dynasty was able to control most of Asia.C. The dynasty was able to control most of Europe.D. It was able to greatly expand the Islamic religion. What is the image point of (9,-1)(9,1) after the transformation T_{-4,-3}\circ R_{270^{\circ}}T 4,3 R 270 ? What happens after magma is formed?1. Magma escapes by intrusion.2. Magma escapes by extrusion.3. Magma escapes to the bodies of water.4. Magma escapes through a magma chamber. 3y + 5x =15dhnsnsishbsdn 16.Mg(OH)2 +H.PO.-> ||||Mg(PO2 +H2O2,3,6,13, 3, 1,63, 2, 1,62,3,1,317. Cr+Fe(NO.)2 ->Fe +_ Cr(NO3)24,6,6,20 2,3,2,30 1,3,3,102.3, 1.20 2,3,3,2these are two questions separated but I would REALLY appreciate if someone could do them its for a test Absolute advantage is found by comparing different producers' Group of answer choices opportunity costs. payments to land, labor, and capital. input requirements per unit of output. locational and logistical circumstances. I really need help guys! Please answer with detail, will give brainliest. What is velocity? If f(x)=x-6 and g(x)=x^1/2(x+3) , find g(x) X f(x) . Help please I need this asap :) Pls help Im failing math the change in weather is what causes the change in seasons? Identify the sentence structure of the sentence below A person lifts a 10 N box 1 m off the ground in 1 s. How much power does she use? P = W/tA. 100 WB. 20 WO C. 10 wO D. 12 W Please. Help. I. Need. Assistance. What poin of veiw is it. How many mols is 8.86 x 1023 atoms of silver?