Have $54,118.54 in brokerage account, and plan to deposit additional $3000 at the end of every future year until account totals $210,000. Expect to earn 10% annually on the account. How many years will it take to reach goal?

Answers

Answer 1

Answer:

11 years

Explanation:

PV= 54,118.54

FV= 210,000

I/Y= 10

PMT= 3000

N = ?

Number of years = N(Rate, -Pmt, -Pv, Fv)

Number of years = N(10, -3000, -54,118.54, 210,000)

Number of years = 10.9999949

Number of years = 11


Related Questions

A restaurant that serves $1400 a day in meals to 140 customers with an average cost of goods sold per unit at $7.00.
What is the average unit of sale for this business?

Answers

Answer:

=$10

Explanation:

The average unit of sales will the total serves per day divided by the total number of customers.

= $1400/140

=$10

The average unit of sale is $10


A person is a professional truck driver and a car salesperson. Which action
would she most likely take if she wanted to increase her level of economic
specialization?
A. Move to another country that has fewer truck drivers
B. Hire an employee who can both drive trucks and sell cars
ce
C. Stop driving trucks to focus on becoming better at selling cars
D. Continue driving trucks and selling cars, while also learning to
repair engines

Answers

Answer:

C. Stop driving trucks to focus on becoming better at selling cars

Explanation:

I would think this because she would be more successful since she would get paid more

C. Stop driving trucks to focus on becoming better at selling cars

The following information should be considered:

For increasing the level of economic specialization the driving truck should be stopped. Due to this, it should be focus on becoming the better at selling the cars.

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Why is it difficult to increase the nation’s supply of goods and services when everyone has a job?

Answers

Because when everyone has a job there would be no one to employ to increase the output of supply of goods and services.

Which type of budget indicates more expenses than income?
O O O O
a deficit budget
a balanced budget
a debt budget
an equity budget

Answers

Answer:

a deficit budget

Explanation:

A budget is a plan detailing how an individual, a firm, or a government will spend its anticipated revenue. In short, a budget is a plan of expenditure. Budgets are usually prepared at the beginning of a period to guide the use of available resources.

An ideal situation is when the planned expenditure equal to the expected income. Such a plan is called a balanced budget. However, in some circumstances, the planned expenditure exceeds the projected income. That budget is a deficit budget.

On a new job, a good way to fit in on the team is to _____.

tell everyone what to do
show respect and listen to every person's point of view
eat by yourself so you won't bother other people
hand out flyers to everyone about a cause you care about

Answers

Answer:

On a new job, a good way to fit in on on the team is to...show respect and listen to every person's point of view

Explanation:

this is my answer because respecting others is one that business do to have a great start

a.)what is H-pilorie disease cause by(dunno spelling sorry)b.)can it kill​

Answers

Answer:

Helicobacter pylori (H. pylori) infection occurs when a type of bacteria called Helicobacter pylori (H. pylori) infects your stomach. This usually happens during childhood. A common cause of peptic ulcers, H. pylori infection may be present in more than half the people in the world.

Should I start my final exam? im kinda scared ill get a bad grade lol. anyways, I hope everyone is doing great. ​

Answers

Answer:

do it lol putting more words because its requireddddd

Answer:Yes you should and dont be scared just try your hardest. Also i am doing great what about you ?

Explanation:

Convenience goods and services are products that a consumer buys only after comparing value, price, quality and style from a variety of sellers. True

Answers

Answer:

False

Explanation:

The convenience product is the product i.e. inexpensive and need a minimum amount of effort while selecting and purchasing the products,

It involves the bread, soft drinks, etc

In this the consumer do not think whether to purchase or not it is already available at minimum cost

So the given statement is true

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