Your older sister deposited $2,000 today at 6.5 percent interest for 5 years. you would like to have just as much money at the end of the next 5 years as your sister will have. however, you can only earn 6 percent interest. how much more money must you deposit today than your sister did if you are to have the same amount at the end of the 5 years? $32.19 $47.62 $38.78 $40.21 $53.39

Answers

Answer 1
The future balances will increase to (initial balance) x ( (1 + interest rate) ^ (# of years compounded) ) For your older sister, this is 2000 x ( 1.065 ^ 5), where ^ means 'raised to the power'. For you this is B x ( 1.06 ^ 5) At end of 5 years, sister has $2000 x 1.037 = $2740.17 you have B x 1.33823. So, in order to end up with the same balance as sister, B x 1.33823 must = $2740.17, or B = $2740.17 / 1.33823 B = 2047.62 must be your approximate initial balance. So, the answer is $47.62 is how much more money must you deposit today.

Related Questions

In 2017 grider corporation had cash receipts of $35,000 and cash disbursements of $20,000. grider's ending cash balance at december 31, 2017 was $65,000. what was grider's beginning cash balance?

Answers

To find the beginning balance, the equation would be "x + 35,000 - 20,000 = 65,000". In other words, the company began with "x" dollars, added 15,000, and ended with 65,000. "x + 15000 = 65000" gives a beginning cash balance of 50,000 dollars.

Final answer:

To calculate Grider Corporation's beginning cash balance for 2017, we subtract the cash receipts and add the cash disbursements to the ending cash balance. Using the provided figures, the beginning balance is calculated to be $50,000.

Explanation:

The student is asking how to calculate the beginning cash balance of Grider Corporation for the year 2017, given certain financial information. To find the beginning balance, we use the formula Ending Cash Balance = Beginning Cash Balance + Cash Receipts - Cash Disbursements. Considering the details provided, we have an ending balance of $65,000, cash receipts of $35,000, and disbursements of $20,000 for the year 2017. Rearranging the formula, we get Beginning Cash Balance = Ending Cash Balance - Cash Receipts + Cash Disbursements.

Substituting the given values, the calculation would be: $65,000 (ending balance) - $35,000 (cash receipts) + $20,000 (cash disbursements) = $50,000. Therefore, the beginning cash balance for Grider Corporation in 2017 was $50,000.

Stone roses candies paid employee wages on and through friday, january 26, and the next payroll will be paid in february. there are three more working days in january (29–31). employees work 5 days a week and the company pays $1500 a day in wages. what will be the adjusting entry to accrue wages expense at the end of january?

Answers

The adjusting entry to be made to accrue wages expense at the end of January will be:


( Computation for the accrued salaries: 1,500 x 3 = 4,500)


Debit

Salaries and Wages Expense 4,500


Credit

Salaries and Wages Payable 4,500

 

At the next payday which is February 2, the entry would be:

Debit

Salaries and Wages Payable 4,500

Salaries and Wages Payable 3,000


Credit

Cash 7,500


Your unique combination of attitudes, behaviors, and characteristics make up your?

Answers

lifestyle hope this halps!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Your combination of attitudes, behaviors, and characteristics make up your personality, which is unique for each individual and shaped by a mix of dispositional traits and life experiences.

Your unique combination of attitudes, behaviors, and characteristics make up your personality. Personality is the individual's unique variation of dispositional traits, characteristic adaptations, and integrative life stories, all situated within a cultural context. It constitutes the identifiable and relatively stable aspects of your character that set you apart from others. These aspects include personality traits, physical characteristics, abilities, values, goals, and roles.

Personality traits are core to each individual's self-concept, influencing what a person values, their thoughts and feelings on various subjects, their preferred activities, and how they act and interact with others on a daily basis. This can also manifest differently depending on context, showing variability based on social roles or cultural affiliations.

It's essential to acknowledge that personality develops over time, integrating temperament with one's experiences and environmental influences, becoming particularly evident as someone grows into adulthood.

Can you perform all the essential functions of the job with or without reasonable accommodation? yes or no

Answers

Reasonable accommodation can be any adjustment or change to a workplace environment. It permits a a top notch participant that got there, with or without a disability to participate in the job application process, to perform the essential functions of a job. So yes you can perform all the essential functions of a job with or without reasonable accommodation, it's just if you choose to go down that path.

Brainliest if deserved

Final answer:

Organizations can create a better work environment for disabled employees through reasonable accommodations and supportive relationships.

Explanation:

Yes, organizations can create a better work environment for employees with disabilities by implementing reasonable accommodations such as modifying schedules, reassigning nonessential job functions, and offering flexible work hours. Supportive relationships with supervisors and colleagues play a crucial role in making employees with disabilities feel valued and included. These accommodations could be in the form of modified work schedules, reassignment of nonessential job tasks, or the provision of special equipment. Creating a supportive work environment includes having flexible work hours, understanding and supportive supervisors, and proactive efforts to foster good relationships despite initial barriers such as visible differences. Furthermore, fair performance evaluation for employees with disabilities should be ensured by adapting tests or evaluation procedures to suit their capabilities.

As explained in the individual in a networked world: two scenarios, the metaverse will be a combination of:

Answers

In regards to individual networking and the atmosphere in which it will take place in the future, the metaverse refers to the concept of people networking and connecting both in person face-to-face, but also in their digital and technological interactions online.

The metaverse will be a combination of multiple technologies namely: virtual reality, augmented reality, and video. Essentially, it is a digital universe.

Who created the Metaverse?

The first person to coin the word Metaverse is a Science Fiction writer called Neal Stephenson. In 1992, he used the word Metaverse to describe three-dimensional virtual space.

See the link below for more about Virtual Reality:

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Select all that apply.
Select the factors included in the Human Development Index.
a) how long people are expected to live from birth
b) how many people go to school
c) type of government
d) how many adults can read

Answers

A. how long people are expected to live from birth. 
B. how many people go to school. 
D. how many adults can read.
A, B and D. The government doesn't really have anything to do with human development

Pricing decisions based only on revenue considerations often result in an increase in overall profitability.
a. True
b. False

Answers

The ANswer is False please

A decrease in price of good x has occurred. in the market for good​ y, this will lead to

Answers

This will lead to an increase in price and an increase in quantity if Good X and Y are complementary goods.
Complementary goods refers to the goods that commonly used together (such as stove and gas). When the price for one part of complementary goods fall, the sellers usually will match it up by increasing the price of the other in order to maintain the profitability

When comparing data measured by substantially different scales, we must use:?

Answers

the answer to this question is standardized data values.
 standardized data values. refers to the set of rules in creating data that could be acknowledged anywhere in the world.
Following standardized data values will help in knowledge development because it makes researchers around the world able to synchronize their research with one another.

A reason an automobile engine is not considered to be living is that it is not able to

Answers

Something is classified as alive if it can move independently, metabolize fuel, and reproduce on its own.  An automobile does not move independently, nor can it reproduce itself, so you can't classify it as living. It cannot be classify as living because it is not able to make copy of itself.

being able to ______ is a key benefit for those who study management

Answers

Being able to handle, control or even manage is one of the key benefit for those people who are studying management because studying management is more on focusing about factors and variables into how a person will manage them or control them with the decisions that they implement on.
Final answer:

Studying management allows individuals to gain valuable skills such as effectively leading and coordinating teams, decision-making, and problem-solving. These are all critical in running successful businesses. Additionally, these skills are applicable in various life activities.

Explanation:

Being able to effectively lead and coordinate teams is a key benefit for those who study management. Management students learn crucial skills such as decision-making, problem-solving, planning, delegation and communication, all of which are paramount in running successful teams and businesses. For example, in a business setting, a manager might use their planning and delegation skills to assign tasks efficiently and maximise productivity. This management skillset is not only beneficial within the business sphere, it is also valuable in many other areas of life, enabling individuals to organise and manage various activities successfully.

Learn more about Management benefits here:

https://brainly.com/question/34384747

#SPJ12

When a defendant finishes introducing evidence, the trial is concluded.​?

Answers

This is false. After that part of the trial there comes a rebuttal. That is the part of the case where the plaintiff's attorney presents their own evidence that is supposed to rebuke or counter the evidence presented by the defendant. This can then go on and on indefinitely and is one of the reasons why civil cases last extremely long.

One of the major advantages of the _____ scientific method is that it allows investigation in natural surroundings

Answers

Psychologists and other social scientists commonly use naturalistic observation as their research method. In this technique, the subjects are observed while they are in their natural environment. This technique is utilized in different situations that hinder the scientists in doing their tests in their laboratories. These situations are those unrealistic, cost prohibitive or would unduly affect the subject's behavior. This technique lets the scientists observe the natural behavior of people who are unaware of observation. The researchers in this technique will be able to study things that cannot be manipulated in a lab due to ethical concerns. The external validity of research is supported in this method. There is a clear line between saying that the findings of a lab study will generalize to a larger population and to actually observe those findings happening in a natural setting.

Donna, a chef in a fine restaurant, utilizes top-of-the-line equipment as she prepares meals for customers. donna and her equipment are a(n) ______ in the restaurant's system.

Answers

Donna and her equipment are considered to be an input in the restaurant's system because they are the factors that contributes to the system of how it will function and how it will continue to work as input is important in every system for it to progress and to start it from working.

The ________ is a sequence of activities that determine the earliest date by which a project can be completed.

Answers

The critical path is a sequence of activities that determine the earliest date by which a project can be completed. 

Answer:  The correct answer is :  The critical path

Explanation:  An activity on the critical path cannot be started until the previous activity has been completed. Critical route analysis is the process by which project managers compress the schedule, moving resources, normally changing people from non-critical route tasks to critical route tasks.

How many days will it take for a sum of $1300 to earn $16 interest if it is deposited in a bank paying simple interest at the rate of 4%/year?

Answers

The formula is
I=prt
I interest earned 16
P principle 1300
R interest rate 0.04
T time t/365days
16=1300×0.04×(t/365)
Solve for t
T=(16÷(1,300×0.04))×365
T=112.3 days round your answer to get 112 days

Hope it helps!
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