Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 07, 2024

if I have $160,000 in my superannuation account and it accumulates at 14.00% per year, how long will this take to accumulate to $500,000 (approx.)

if I have $160,000 in my superannuation account and it accumulates at 14.00% per year, how long will this take to accumulate to $500,000 (approx.) assuming that I make no further contributions?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics Of Money Banking And Finance

Authors: Keith Bain, Peter Howells

1st Edition

0582278007, 9780582278004

More Books

Students also viewed these Finance questions

Question

★★★★★

Germanium forms a substitutional solid solution with silicon. Compute the number of germanium atoms per cubic centimeter for a germanium-silicon alloy that contains 15 wt% Ge and 85 wt% Si. The...

Answered: 1 week ago

Question

★★★★★

The cable is subjected to the uniform loading. If the slope of the cable at point O is zero, determine the equation of the curve and the force in the cable at O and B. BO 8 ft 500 lb/ft 15 ft 15 ft

Answered: 1 week ago

Question

★★★★★

Explain how race, ethnicity, prejudice, discrimination, and stereotype threat might affect student learning and achievement in schools.

Answered: 1 week ago

Question

★★★★★

Yarnell Electronics sells computer systems to small businesses. Yarnell engaged in the following activities involving notes receivable: a. On November 1, 2011, Yarnell sold a $5,000 system to Ross...

Answered: 1 week ago

Question

★★★★★

There are 3 entries At December 31, Folgeys Coffee Company reports the following results for its calendar year Cash sales $918,000 318,000 Credit sales Its year-end unadjusted trial balance includes...

Answered: 1 week ago

Question

★★★★★

The Little Theatre is a nonprofit organization devoted to staging plays for children. The theater has a very small full-time professional administrative staff. Through a special arrangement with the...

Answered: 1 week ago

Question

★★★★★

As CIO of BellyBig, a new chain of fast - food restaurants, you are responsible for setting up the information systems infrastructure. Brefly outline your vision for all the components of this...

Answered: 1 week ago

Question

★★★★★

Outdoor Equipment (OE) sells camping equipment. On December 1, the accounts receivable account had a balance of $50,000, the bad debt expense account had a balance of $0, and the allowance for...

Answered: 1 week ago

Question

★★★★★

explore how to reduce employee turnover, absenteeism and the cost turnover has on corporate profits. In the process of researching this topic, look into numerous ways companies have tried to improve...

Answered: 1 week ago

Question

★★★★★

CA3-AUDITING a) Describe the factors you as auditor should considered and the procedures should bee performed prior to acceptance as auditor (10 marks) b) A good system of internal control consists...

Answered: 1 week ago

Question

★★★★★

Can I get some help with these questions A glass is tapered so that it is narrower at the top than at the bottom. The glass is filled using a hose with a constant flow rate of 4 ml per second. Cross-...

Answered: 1 week ago

Question

★★★★★

Students may first discuss the nature of the stressors and then identify from a list the principal stressors for the teacher of the school in question.

Answered: 1 week ago

Question

★★★★★

Regarding Robert Bosch: Please look into other countries wherein the company operates or compare this company with another company or national context you are familiar with: What aspects of the Bosch...

Answered: 1 week ago

Question

★★★★★

Explain the importance of teacher competences for the achievement of educational goals. What are the principal competences that the teachers of the school in question should possess to keep the pace...

Answered: 1 week ago

Previous Question Next Question