Carla deposits $3,000 a year into her retirement account. if these funds have an average earning of 8 percent over the 40 years until her retirement, what will be the value of her retirement account?

Answers

Answer 1
In case Carla deposits every year 3000$. Then pretty much, just the depostis will be 120.000$ during the 40years. If the average earning 8% per year, the first deposit has 40times this earning, the second 39times and so on...so it will be 3000 * (1,08 + 1,08^2 + 1,08^3 + ... + 1,08^40) and that is 839.343,12$.

Answer 2
Final answer:

Using the formula for compound interest, it can be calculated that the value of Carla's retirement account will increase to about $800,000 after 40 years, if she deposits $3,000 annually at an average interest rate of 8%.

Explanation:

The value of Carla's retirement account after 40 years can be calculated using the formula for compound interest which is A = P(1 + r/n)^(nt). In this scenario, P is $3,000, r is the interest rate which is 0.08, n is the number of times that interest is applied per period, which is 1 (as it's annually), and t is the number of time periods the money is invested for, which is 40 years.

So, substituting in the values we have, A = 3000(1 + 0.08/1)^(1*40). Therefore, the value of Carla's retirement account will be approximately $800,000 after 40 years.

Learn more about Compound Interest here:

https://brainly.com/question/34614903

#SPJ2


Related Questions

HELP PLEASE!!!!!!!!!!!!!!!
Latasha is writing minutes. She puts details in chronological order. Which details will be first in her document?

A. The most important details
B. Details that happened first
C. Pros and cons
D. Details that happened last

Answers

b is the correct answer

Answer: (B) Details that happened first

Explanation:

 According to the question, in the Latasha document the fist detail will be in the chronological order is the detail that happened first. While writing any type of document the first detail should be mention that happened first according to the appropriate order.

 As, the detail that happen first then it should be come first in the order. On the other hand, all the other options are not the first order in her given document.

Therefore, Option (B) is correct.

When greg started his window-washing business, he wanted to keep things simple. as recommended, he filed a record of the business with the state where he resided. he carefully watched his expenses including state filing expenses and licensure requirements. greg’s financial resources were limited, but so were his concerns; after all, “he was the business.” greg’s business is a ___________________.?

Answers

I think his business is a window washing business he is a entrepreneur

It is often easier for a brand-new business to get a loan than an existing business. True Or False

Answers

it would be false because starting a new business is way harder than keeping up with an existing one
 

Answer:

False

Explanation:

It is very difficult for a start-up to get a loan. Banks usually request businesses to present a cash flow in order to get a loan, but if the company has just been established there is nothing to show.

That is why government entities and other private organizations offer financing options to entrepreneurs, e.g. SBA loans or grants, crowdfunding, venture capitalists

Etta wants to make a monthly budget. What should she do first?
Calculate her net income

Decide how much she wants to spend

Open a savings account

Pay her bills

Answers

When developing a monthly budget, the first thing to do is calculate your net income. Etta needs to calculate her net income, so she can budget everything based off of the money she brings in. After she sets up her net income, she can pay her standard monthly bills, then decide how much she wants to spend on different areas of her life and then, open a savings. It is important to know how much money you have to work with before budgeting because if you don't, the budget may not be realistic.

Answer:

Calculate her net income.

Explanation:

The net income is the money left after the expenses has been deducted. So, if Ette wants to make a monthly budget, the first thing she needs to do is to calculate her net income to have a clear view of the monthly earnings she has, her expenses and if her salary is enough those expenses. From this analysis, she can proceed to create an accurate budget.

______ serves as an incentive for entrepreneurs

Answers

The correct answer that would best complete the given statement above would be the term PROFIT. Profit  serves as an incentive for entrepreneurs. This is when the entrepreneur is able to make more money out from a product than they are using it. Hope this is the answer that you are looking for.

Answer:profit

Explanation:

can someone help me please
When should a writer establish common ground before the bottom-line statement?

A. When the report does not have an executive summary
B. When the details are arranged in order of importance
C. When the document is minutes of a meeting
D. When the reader may disagree with the bottom-line statement

Answers

d
                  ok??????????????????????????????????????????????????????/                                                                                                                                                                                                                                                                               
Final answer:

A writer needs to establish common ground before the bottom-line statement when the reader may disagree with the statement. This strategy helps make the reader more open to the writer's perspective.

Explanation:

In writing, a writer should establish common ground before the bottom-line statement when the reader may disagree with the bottom-line statement (Option D). Establishing common ground is an important strategy in persuasion. It involves finding a mutual understanding or a shared viewpoint between the writer and the reader. This can help make the reader more receptive to the writer's bottom-line statement. The other options presented don't typically require establishing common ground beforehand as they communicate information in a more straightforward manner, ownership or disagreement is not a primary concern.

Learn more about Establishing Common Ground here:

https://brainly.com/question/10810666

#SPJ12

Total quality management theorizes that if workers are more responsible, they will ______.
a.
Increase overall quality
b.
Reduce overall quality
c.
Have no effect on overall quality
d.
None of the above

Answers

Total quality management (TQM) theorizes that if workers are more responsible, they will increases overall quality. Correct answer:A

TQM is a management approach towards improving the quality of an organization's outputs, including goods and services, through continual improvement of internal practices and leading to long–term success through customer satisfaction.

Total quality management theorizes that if workers are more responsible, they will Increase overall quality. Therefore option A is correct.

What is Total Quality Management Theory?

Businesses employ quality management systems to make their operations more profitable by increasing process efficiency. In order to empower employees, foster a sense of teamwork, and concentrate on the voice of the customer, total quality management systems use a number of techniques and theories.

Businesses that use a TQM system regularly make small adjustments to improve the quality of their operations and output. Employees that follow a continuous improvement methodology must aim for efficiency and zero defects across all processes. Continuous improvement initiatives actively look for areas that need improvement.

Hence, Total quality management theorizes that if workers are more responsible, they will Increase overall quality.

To know more about Total Quality Management Theories follow the link.

https://brainly.com/question/14337277

#SPJ6

True or false. the consumer sector is the largest part of the macroeconomy.

Answers

the consumer sector is the largest part of the macroeconomy

TRUE
Final answer:

True, the consumer sector is typically the most significant part of the macroeconomy, often contributing the largest portion to a country's Gross Domestic Product (GDP). For example, in the United States, consumer spending usually equates to about two-thirds to 70% of the country's total GDP.

Explanation:

True. In most economies, the consumer sector is indeed the largest part of the macroeconomy. The macroeconomy is the sum total of all economic activity within a given region, usually a country, and the consumer sector is the component of that total that is made up of private, individual (household) consumption of goods and services. The consumer sector often accounts for the largest contribution to a country's Gross Domestic Product (GDP), a measurement of the size of an economy. For instance, in the United States, consumer spending typically makes up about two-thirds to 70% of its total GDP. Therefore, the consumer sector plays a significant role in economic growth and stability.

Learn more about Consumer Sector here:

https://brainly.com/question/32469332

#SPJ3

Which of these could result from decreased federal spending?

a.Advances in the space program
b.Fewer social programs
c.Increased national debt
d.More government regulation

Answers

B. Fewer social programs
The best and most correct answer among the choices provided by your question is the second choice or letter B.

Fewer social programs could result from decreased federal spending.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

You have $200 in your account. You are very responsible. What is the maximum amount of money you should spend? A. $199. B. $225. C. $200. D. $100.

Answers

a because you dont want to waist lots of money 
you should spend d 100. 

that way you have 100 for yourself and 100 to save for other times

What are some disadvantages and advantages of online grocery shopping?

Answers

ADVANTAGES 
THEY ARE CONVENIRNT +
THEY ARE QUICK 
THEY SAVES TIME 

DISADVANTAGES 
UNKNOWN QUALITY
UNKNOWN TIME+
ETC ETC
Advantages
They are Simple
Save Gas
You can get deals

Disadvantages
Wrong order
Paying Shipping
Package not on time

The sarbanes oxley act was passed to
A.) prevent fraud at public companies
B.) replace all of the old accounting procedures with new ones
C.) Improve the accuracy of the company's financial reporting
D.) both a and c

Answers

The correct answer to your question is letter D. "Both A and C"

The Sarbanes Oxley Act was passed to prevent fraud at public companies and improve the accuracy of the company's financial reporting. Thus, the correct option is (D).

The Sarbanes-Oxley Act of 2002 is a federal legislation in the United States that prescribes certain procedures for corporate financial record keeping and reporting.

It was also known as the SOX Act of 2002, and it demanded tough modifications to present securities rules as well as harsh new penalties for violators.

The high-profile thefts undermined investor faith in the reliability of company financial statements and prompted many to call for an update to long-standing regulatory norms.

Therefore, the correct option is "D".

To know more about the sarbanes oxley act, visit:

https://brainly.com/question/4254567

#SPJ4

Which of the following is a tax incentive?

A.a tax on imported goods
B.a set amount that you subtract from your gross income for yourself and any dependents
C.taking tax payments out of an employee’s pay before he or she receives it
D.the use of taxation to encourage or discourage certain behaviors

Answers

D.the use of taxation to encourage or discourage certain behaviors

The answer is "D.the use of taxation to encourage or discourage certain behaviors".


A tax incentive is an administration measure that is proposed to urge people and organizations to burn through cash or to set aside extra cash by decreasing the measure of assessment that they need to pay.  

Tax incentive are methods for lessening charges for organizations and people in return for explicit alluring activities or ventures on their parts. Their motivation is to empower those organizations and people to take part in conduct that is socially dependable or potentially benefits the network.

Your company needs to fix some of the machines in its factory. It also needs to buy more materials. But the company has to choose between these options, because money
1)grows on trees
2)is the marginal benefit
3)is limited

Answers

3.) money is limited...

3. "is limited" is the right answer

The purchase of inventory for cash will cause the current ratio to decrease. true false

Answers

i think it is false hopefully it is right


1. Jovanna has determined that she wouldn't want to be a nurse because she really doesn't like the sight of blood and she tends to not work well under pressure. Which stage of career matching is she in? (1 point)eliminating options that don't match her characteristics
eliminating options that she has little chance of entering
eliminating options that don't pay enough
identifying transferable skills

Answers

the stage of career matching that she's in is :
The first stage
The paragraph basically said that she still not sure what kind of career that she would choose

hope this helps

Which of the following would best support a claim that most people feel hopeful about the future of the economy?

A table showing results of THE SURVEY, along with details of the questions asked

A summary of the findings and an interview with the group collecting the responses

An interview with one or two subjects from THE SURVEY group

An excerpt of questions from THE SURVEY, with an explanation of the process

Answers

I believe the answer is: A summary of the findings and an interview with the group collecting the responses

A summary of the findings would give the general indicators that we could use to measure the economy (such as unemployment rate, currency strength, etc). Interview with group collecting the response would give us information on how the data is collected and determine the reliability of the data.

How might a surplus of food have helped civilizations advance from hunter-gatherer societies?

A.A surplus of food allowed people to move to new homes more often.
B.A surplus of food allowed people to specialize in different jobs.
C.A surplus of food allowed people to hunt large animals more easily.
D.A surplus of food allowed more people to become successful farmers.

Answers

A surplus of food is definitely something that allowed people to specialize in different Jobs. This is how we can say that the people in the past used this surplus. I hope this works for you 

Answer:

it helped them have time to do differant jobs

so b

Explanation:

The trachea connects to two smaller tubes called: larynx alveoli bronchi

Answers

The correct answer is bronchi.

What is the purpose of file extensions?

A. They execute the mail merge function.
B. They tell the operating system what kind of document you are creating.
C. They set up your files in an organized hierarchy.
D. They run the spelling checker and grammar checker features.

Answers

The purpose of File Extensions is that they tell the Operating system what kind of document you are creating.

What is File Extension?

A filename extension or file extension is a suffix added to the name of the computer file which indicates the characteristics of the file or its purpose.

What is Operating System?

Operating System is the initially loaded programme in the computer which manages all the running programmes, applications and functions of the computer. Some of Operating systems are Linux, Microsoft Windows, Mac OS etc.

What is a Document?

Any file which contains any kind of information is a Document. Document can be in any mode like Hard copy or in electronic form like pdfs, excel sheets etc.

Hence Option B is the Correct answer.

To know more about File extension, click here

https://brainly.com/question/7640304

#SPJ2

Final answer:

File extensions help the operating system understand the type of file, to manage and open it with the correct program.

Explanation:

The purpose of file extensions is to indicate to the operating system what type of file it is dealing with. This helps the operating system to know which program can open and work with the file. For example, a '.docx' extension indicates a Microsoft Word document, and an '.mp3' indicates an audio file. Thus, the correct answer to the question is:

B. They tell the operating system what kind of document you are creating.

Learn more about File Extensions here:

https://brainly.com/question/33710984

#SPJ3

Your friend has prepared his monthly budget and asks you if he has overlooked anything in this planning. Which of the following questions points out his most serious omission?


a.What if your income from stocks is lost?
b.What if you need to go to the doctor?
c.What if the electric bill increases?
d.What if you need to replace the furnace?

Answers

The best and most correct answer among the choices provided by the question is 
The statement that points out his most serious omission is "What if the electric bill increases?".


I hope my answer has come to your help. God bless and have a nice day ahead!

Answer: D

Explanation: edge 2022

In two to three sentences, explain why the private businesses will not provide public goods.

Answers

Final answer:

Private businesses do not provide public goods due to the nonexcludability of such goods, leading to the free rider problem, which is why these goods are usually provided by the government through taxation.

Explanation:

Private businesses typically do not provide public goods because these goods are nonexcludable and non-rivalrous, meaning they cannot prevent non-payers from using them and one person's use does not diminish another's ability to use them. For instance, national defense is a public good that is freely available to all citizens irrespective of their contribution to its cost, making it implausible for a private firm to charge for it. The inability to exclude non-payers leads to the free rider problem, undermining the private sector's ability to profitably provide these goods. Hence, public goods like national defense are typically provided by the government which possesses the unique ability to fund such services through taxation.

What is time management?

Answers

Time management is planning or consciously using your time wisely between activities with varied importance. For example, maybe you're running a business, making a chart with all the different activities and duties you need to do at what time is a good idea.

Answer: LISTING AND PRIORITIZING ALL APPOINTMENTS AND ACTIVITIES

Explanation:

I’m Also Doing Gradpoint.

It is less important to account for factors like warranties and durability when purchasing a
A. durable good
B. long-term product
C. nondurable good
D. very expensive item

Answers

long-term product or b

The answer is C) nondurable good

I took the test and C was correct.

How do scarce resources influence you personally? What impact does this have on your financial management?

Answers

Scarce resources encourage me to spend time thinking about how I use the limited amount of money and materials that have so that I may use them in a matter that best guarantees that I will get the most satisfaction out of it. Since resources also include time, they also define how much I time I spend doing which activities, and steer me to put in a certain degree of work. 

Since there is a limited supply of resources, the great wheel that facilitates the cycle that these such resources use, known as money, must also be limited. How I manage my finances (money and resources). Knowing this, I am encouraged to invest such resources into more efficient outlets to attain the most powerful results out of my few resources. 

Which is a certificate of debt issued by corporations and governments?
1. Stock
2. Bond
3. Annuity

Answers

For Plato users the answer is B.  bond

why do you think it is important to plan expenditures carefully?

Answers

because expenditures should always be less than the incomes... so expenditures should be planned carefully so that there won't be shortage of money during emergency situations.

Answer:

It is important to plan expenditures carefully because you do not need to over spend money or spend money that you do not have. ... The interest for the savings account will get you more money. Investing money is the riskier of the two. You can loose all of your money or you can earn even more money.

Explanation:

Use your own words but i hope this helped<3

God Bless!

Economic question ... Select the items that describe goods.

cars
houses
getting a haircut
going to a movie

Answers

It depends on who you are. Different people see goods in different ways. To me, they are all goods, but from an economics point of view, it would probably be cars and houses.

Answer:

Cars and Houses

Explanation:

_____ are used to take money directly from your account.

Charge cards
Cash cards
Credit cards
Debit cards

Answers

debit cards is the best anwser

Answer:

Debit cards is the correct answer.

Explanation:

Debit cards are used to take money directly from your account.A debit card is utilized to get funds in the deposit account.When we open a checking/savings account at the bank we normally get debit card.With the help of Debit cards, the user can withdraw cash from their account by an ATM. With the help of debit cards, the funds come directly withdrawn from the bank account.

What information can you find in the Occupational Outlook Handbook (OOH)?

the value of every company in the same business
the company’s mission and goals, along with current salaries
the job requirements, work environment, and salary range
the listing of CEOs with addresses and phone numbers

Answers

The information you can find in the Occupational Outlook Handbook or OOH are the job requirements, work environment, and salary ranges for hundreds of occupations in the United States.

Answer:

c

Explanation:

because i said so brudda

Other Questions
Write an equation of a line that is parallel to x=8 and that passes through the point (-3,-2) The main difference between stream pools and ponds is that stream pools _______. How many grains of sand fit in a 5 gallon bucket? Whats the difference between freshwater and saltwater? Choose all that apply.During the Meiji Restoration, how did Japan react to Western ways of life?They sent people to Europe and the United States to study ways of life and government.Their constitution and cabinet system were modeled after those in Germany.They rejected western development of businesses.They opened public schools.They created banking, telegraph, and postal systems. Which equation can be used to solve the problem?How many 12-packs of juice boxes contain a total of 84 juice boxes? A. 12 + b = 84 B. 12 b = 84 C. 12b = 84 D. b 12 = 84 Who was ammainus marcellinus sa solution is made by dissolving 26.42 g of (NH4)2SO4 in enough H2O to make 50.00 mL of solution. what is the molarity of the solution Who are three people who greatly influenced the bill of rights? find each percent increase round to the nearest percent.From 86 books to 150 books Ryan's gas tank is 1/10 full. After he buys 11 gallons of gas, it is 3/5 full. How many gallons can Ryan's tank hold? Find the exact value of sin(11pi/8).Choices are in the attachment. The _____ root helps stabilize soil from erosion. A) Fibrous B) Taproot Read these lines from the poem "The Horses" by Ted Hughes, and answer the question that follows.I climbed through the woods in the hour-before-dawn dark. Evil air, a frost-making stillness,"Evil air, a frost-making stillness" is an example of:a.metaphorb.similec.alliterationd.onomatopoeia A store had 100 t-shirts. Each month, 30% of the t-shirts were sold and 25 new t-shirts arrived in shipments. Which recursive function best represents the number of t-shirts in the store, given that f(0) = 100? f(n) = f(n - 1) 0.3 + 25, n > 0 f(n) = 100 - f(n - 1) 0.3 + 25, n > 0 f(n) = f(n - 1) 0.7 + 25, n > 0 f(n) = 100 - f(n - 1) 0.7 + 25, n > 0 what is a sign that you're reading an informational source with a biased view point in one week there are 10,080 minutes. what is this number in scientific notation? Which would make an effective thesis for an essay on the cause of the French Revolution? Who was Muslim, but they didnt force it on their people. They were more concerned about stopping rebellions than spreading religion. Check all that apply. *Mansa MusaSundiata KeitaSunni AliDinga Cissereally need help How did Mansa Musa affect the Mali Empire? Steam Workshop Downloader