Suppose that you place $450 in a bank account each year for the next 20 years. How much would be in your bank account at the end of the twentieth year if the deposits earned an annual rate of return of 6% each year?
A) $9,540.00
B) $10,876.31
C) $14,729.44
D) $16,553.52
Answer: D
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Which of the four schools of thought views work as "unpleasant" and lacking in rewards other than making enough money to purchase the goods and services one desires?
A. Mainstream economics. B. Human resource management. C. Industrial relations. D. Critical industrial relations.
The percent of people contacted in a survey who complete a questionnaire is the
A. qualitative rate. B. population rate. C. sample rate. D. response rate. E. None of these answers is correct.
Merced Corporation has a process costing system and uses the FIFO method. For May, the company's beginning work in process inventory was 75% complete with respect to conversion, and the ending work in process inventory was 80% complete with respect to conversion. Information on units processed and conversion costs incurred during May follow: Units ConversionWork in process inventory on May 128,000$44,000Units started into production, and costs incurred during the month130,000$266,700Units completed and transferred to finished goods during the month108,000 Work in process inventory on May 3150,000 The amount of conversion cost in the ending work in process inventory was:
A. $84,000 B. $222,700 C. $68,000 D. $80,000