Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 28, 2024

Mariana has a balance of $1,300,000 in her retirement account. What annual ratio did she earn if she deposited $10,000 45 years age? (The interest

Mariana has a balance of $1,300,000 in her retirement account. What annual ratio did she earn if she deposited $10,000 45 years age? (The interest was compounded monthly) 12% 11.4% 0.0.9% 10.9%

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

Financial Management For Decision Makers

Authors: Peter Atrill

9th Edition

1292311436, 978-1292311432

More Books

Students also viewed these Finance questions

Question

★★★★★

The average weekly earnings in the leisure and hospitality industry group for a recent year was $273. A random sample of 40 workers showed weekly average earnings of $285 with the population standard...

Answered: 1 week ago

Question

★★★★★

61. Consider randomly selecting a point (X1, X2, X3) in the unit cube {(x1, x2, x3): 0 x1 1, 0 x2 1, 0 x3 1} according to the joint pdf (so the three variables are independent). Then form a...

Answered: 1 week ago

Question

★★★★★

Miller Enterprises deposits the cash received during each day at the end of the day. Miller deposited $48,287 on October 3 and $50,116 on October 4. Cash register records and other documents...

Answered: 1 week ago

Question

★★★★★

Ayayai, Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan a home for fires and gas leaks and then transmit this information to a smartphone. The cost...

Answered: 1 week ago

Question

★★★★★

! Required information Use the following information for the Quick Study below. ( Algo ) [ The following information applies to the questions displayed below. ] The fixed budget for 2 1 , 4 0 0 units...

Answered: 1 week ago

Question

★★★★★

Develop a comprehensive analysis that identifies threats and vulnerabilities to the information systems infrastructure and organizational data. You may use a fictitious company, one that you...

Answered: 1 week ago

Question

★★★★★

Samstreet, Inc went public by issuing 1 million shares of common stock at $25 per share. The shares are currently trading at $30 per share. Current risk free rate is 4%, market risk premium is 8% an...

Answered: 1 week ago

Question

★★★★★

On November 12, 2020, Ms. Wilma Vander purchased an automobile to be used exclusively in her newly formed unincorporated business that commenced operations on June 30, 2020. The cost of the...

Answered: 1 week ago

Question

★★★★★

Culture affects our personalities and behaviors. To analyze underlying reasons for bias and the effects on treatment methods, you will be watching a short film that asks what if our normal wasn't...

Answered: 1 week ago

Question

★★★★★

Water, initially at 100 Celsius and 200 kPa, is heated isothermally (yes, this can happen-adiabatic and isothermal are not the same things) until a saturated liquid-plus-vapor mixture having a...

Answered: 1 week ago

Question

★★★★★

8-17 Describe three spoofing tactics employed in identity theft using information systems.

Answered: 1 week ago

Question

★★★★★

8-9 A survey of your firms IT infastructure has identified a number of security vulnerabilities. Review the data on these vulnerabilities, which can be found in a table in MyMISLab. Use the table to...

Answered: 1 week ago

Question

★★★★★

8-11 This project will help develop your Internet skills in using the Web to research and evaluate security outsourcing services. You have been asked to help your companys management decide whether...

Answered: 1 week ago

Previous Question Next Question