subject
Business, 20.03.2020 07:51 whitakers87

Congratulations, you are a millionaire. No, the Delaware Lottery office did not call. However, an officer from Bank of America has just informed you of an account that your grandmother set up years ago to be given to you on this date. The balance is exactly one million dollars. She made ten equal annual deposits into the account, with the final one occurring exactly 50 years ago in 1970. The account has earned 3.2% (APY) every year. A. How much money was in the account on this date in 1970?
B. How much was each of the ten annual payments that Grandma made (1961-1970)?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 02:30
The monthly sales for yazici​ batteries, inc., were as​ follows: month jan feb mar apr may jun jul aug sept oct nov dec sales 19 20 17 12 11 18 16 17 19 22 21 24 this exercise contains only parts b and c. ​b) the forecast for the next month​ (jan) using the naive method​ = nothing sales ​(round your response to a whole​ number). the forecast for the next period​ (jan) using a​ 3-month moving average approach​ = nothing sales ​(round your response to two decimal​ places). the forecast for the next period​ (jan) using a​ 6-month weighted average with weights of 0.10​, 0.10​, 0.10​, 0.20​, 0.20​, and 0.30​, where the heaviest weights are applied to the most recent month​ = nothing sales ​(round your response to one decimal​ place). using exponential smoothing with alpha ​= 0.40 and a september forecast of 21.00​, the forecast for the next period​ (jan) = nothing sales ​(round your response to two decimal​ places). using a method of trend​ projection, the forecast for the next month​ (jan) = nothing sales ​(round your response to two decimal​ places). ​c) the method that can be used for making a forecast for the month of march is ▾ a 3-month moving average a 6-month weighted moving average exponential smoothing the naive method a trend projection .
Answers: 2
question
Business, 22.06.2019 10:00
You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?
Answers: 2
question
Business, 22.06.2019 21:40
Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery
Answers: 1
question
Business, 22.06.2019 23:00
The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading
Answers: 2
You know the right answer?
Congratulations, you are a millionaire. No, the Delaware Lottery office did not call. However, an of...
Questions
question
English, 20.04.2021 03:00
question
English, 20.04.2021 03:00
question
Mathematics, 20.04.2021 03:00
question
Mathematics, 20.04.2021 03:00
Questions on the website: 13722363