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scZoUnD
5 days ago
7

You have set a goal of saving $4,000 every year, beginning the year you finish school and start working and lasting until you re

tire. You are considering these three investment instruments: an IRA, stocks, and certificates of deposit. Which will likely produce the best long-term returns? Explain your answer.
Business
1 answer:
Mariulka [3.4K]5 days ago
3 0

Answer:

IRA (Individual retirement account)

Explanation:

An IRA is specifically designed to foster retirement savings, thus providing several benefits.

One significant benefit that IRAs hold over other savings options is a more advantageous interest rate when compared to certificates of deposit, while stock values may fluctuate due to macroeconomic influences. The interest can also be compounded throughout the saving period, resulting in a higher cumulative amount.

Additionally, the earnings accumulated in an IRA until retirement are not subject to taxation.

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A young man is the beneficiary of a huge trust fund 35 years ago. If they had set aside $25,000, how much will be in the trust n
soldi70 [3439]

Answer:

The final amount is $59,330.13.

Explanation:

Based on the information provided, the data is as follows:

Principal amount (P) = $25,000

Annual interest rate (r) = 2.5%

Investment duration (T) = 35 years

We can find the total amount using this formula:

CI = P (1 + R)^T

= $25,000 (1 + 0.025)^35

= $25,000 (2.37320518607)

= $59,330.13

Therefore, the total investment value is $59,330.13.

6 0
1 month ago
Pressure with Two Liquids, Hg and Water. An open test tube at 293 K is filled at the bottom with 12.1 cm of Hg, and 5.6 cm of wa
arsen [3236]

Answer:

16.9816 psia

117.083928 kN/m^2

Explanation:

To determine the absolute pressure at the tube's bottom, we must add atmospheric pressure to gauge pressure.

P_{abs}=P_{atm}+P_G

Gauge pressure accounts for contributions from water columns (P_{w}) and mercury (P_{Hg}), allowing us to derive the contribution of each as:

P= \rho g h (*)

where \rho represents density, g is gravity, and h is height.

With all necessary data available to apply the above equations (P_{atm}, height, and density of each fluid), we must be diligent about unit consistency.

For clarity, we can express all pressure contributions in mmHg ( P_{atm}, P_{w}, and P_{Hg}). The units "x" mmHg indicate the pressure at the bottom of a mercury column that is "x" mm tall. In this case, a 12.1 cm Hg column equals 121 mmHg (conversion from cm to mm requires multiplying by 10) showing the pressure exerted is 121 mmHg.

For a water pressure at 5.6 cm (56 mm), it equals 56 mm of water. However, this differs from mmHg because water's density is less than mercury's, resulting in 1 mm of water exerting less pressure than 1 mm of Hg. The conversion between mmHg and mm of water relies on their densities.

mmHg=\frac{\rho_w*mmH_2O}{\rho_{Hg}}

mmHg=\frac{0.998*mmH_2O}{13.55}=0.0737 mmH_2O

Thus, water pressure in mmHg is calculated as

0.0737*56=4.1246 mmHg

The absolute pressure is computed as:

P_{abs}=P_{atm}+P_G= 756 + 121 + 4.1246 = 881.1246 mmHg = 88.11246cmHg

To convert to dyn/cm^2 units, we will utilize equation (*)

P= \rho g h = 13.55 \frac{g}{cm^3} * 980.665 \frac{cm}{s^2} * 88.11246 cmHg = 1170839.28 \frac{g}{cm s^2} = 1170839.28 \frac{dyn}{cm^2}

Note: It is essential to maintain cm Hg for uniformity.

Next, to convert from dyn/cm^2 to kN/m^2 (or kPa), we must remember that 1 dyn equals 10^{-8} kN and that 1 cm^2 is 10^{-4} m^2.

1170839.28 \frac{dyn}{cm^2} * \frac{10^{-8}kN}{1 dyn}*\frac{cm^2}{10^{-4}m^2}=117.083928kN/m^2

Finally, transitioning from kN/m^2 to psia, we must take into account that 1 psia equals 6.89476.

117.083928kN/m^2*\frac{1psia}{6.89476kN/m^2}=16.9816 psia

8 0
1 month ago
A store open 24 hours per day is interested in determining store traffic. It found that customers arrive uniformly at the rate o
Mariulka [3472]
The average number of customers present in the system is 5. Explanation: Given information includes a customer arrival rate of 10 per hour and an average processing time of 5 minutes per customer. To determine the average number of customers, the servicing rate per hour is calculated as 60 minutes divided by 5 minutes, resulting in 12 customers per hour. Consequently, the average number of customers in the system can be deduced as 10 divided by 2, equaling 5 customers.
5 0
13 days ago
You are the IT manager for the Andrews Company. A large shipment of new computers has just arrived. You notice that the inventor
harina [3522]
The first step is to eliminate other possibilities, such as an error from the computer distributor.
7 0
13 days ago
A set of sweater prices are normally distributed with a mean of 585858 dollars and a standard deviation of 555 dollars.What prop
harina [3522]
The mean is represented as μ = 58 and the standard deviation σ = 5. With given values of x₁ = 48.5 and x₂ = 60, we compute t-values through the formula t = (x₂ - μ) / σ, which leads to t = (60 - 58) / 5 = 0.4, yielding an area of 0.1554 from the normal distribution curve. Similarly, for the lower value, t is computed as (μ - x₁)/ σ, resulting in t = (58 - 48.5) / 5 = 1.9 with an area of 0.4713. Totaling these, the total area under the curve is 0.4713 + 0.1554 equating to 0.6267 or 62.67%.
8 0
21 day ago
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