All categories

2 years ago

In this assignment, you will research the cost of the first year at a two- or four-year college, depending on

Business

1 answer:

Tanya [424]2 years ago

6 0

A sample savings plan for a college student based on the given requirements would be:

Daily savings: $500
Weekly savings: $3,500
Monthly savings: $14,000
Yearly savings: $168,000
It would 6 months of saving to get $84,000

<h3>What is a Savings Plan?</h3>

This refers to the financial plan that is made in order to sort a budget and set aside certain amounts of money to fund a particular thing.

Hence, we can see that the useful information to be used is:

(Yearly)

College fees: $30,000
Housing: $24,000
Food: $16,000
Books: $12,000
Total: $82,000

Read more about savings and budget here:

brainly.com/question/25817705

#SPJ1

You might be interested in

Flyaway Travel Company reported net income for 2021 in the amount of $110,000. During 2021, Flyaway declared and paid $4,125 in

Lena [83]

Answer:

See below

Explanation:

7 0

3 years ago

Your grandmother invested one lump sum 17 years ago at 4.25 percent interest. Today, she gave you the proceeds of that investmen

White raven [17]

Answer:

The lump sum invested was $2,730.30.

Explanation:

Giving the following information:

Invested one lump sum 17 years ago at 4.25 percent interest. Today, the proceeds totaled $5,539.92.

We need to calculate the original amount that this person invested 17 years ago. We will use the following formula:

PV= FV/(1+i)^n

PV= 5,539.92/ (1.0425)^17

PV= $2,730.30

3 0

3 years ago

The following information relates to Sheridan Company for the year 2022.

aliina [53]

Answer:

a. Computation of net income

Particulars Amount

Service revenue $52,500

Less: Expenses

Salaries and wages expenses ($23,520)

Utilities expense ($2,600)

Rent expense ($8,740)

Advertising expense <u> ($1,510)</u>

Net Income <u>$16,130</u>

<u />

b. Computation of comprehensive income statement

Particulars Amount

Net Income $16,130

Add: Other Comprehensive Income <u> $380 </u>

Comprehensive Income <u>$16,470</u>

Note: Dividend will not be included as it forms part of Income statement

5 0

3 years ago

I need a sentence with the word carbon offset in it

Digiron [165]

After having consumed electricity and producing carbon dioxide, I made up for it by buying Carbon Offsets.

3 0

3 years ago

Read 2 more answers

A proposed nuclear power plant will cost $2.2 billion to build and then will produce cash flows of $300 million a year for 15 ye

pochemuha

Answer:

Project NPV at 5% discount rate = $1346 .78

Project NPV at 18% discount rate = -597.4

Explanation:

Below is the given values:

Initial cost = $2.2 billion

Yearly cash inflow, A = $300 million

Time = 15 years

Salvage value, S = $900

Project NPV at 5% discount rate = A (P/A, 5%, 15) + S (P/F, 5%, 15) - Initial cost

Project NPV at 5% discount rate = 300 (P/A, 5%, 15) + 900 (P/F, 5%, 15) - $2.2 billion

Project NPV at 5% discount rate = 300 (10.3796) + 900 (0.4810) - $2.2 billion or 2200 million

Project NPV at 5% discount rate = $1346 .78

Now,

Project NPV at 18% discount rate = 300 (5.0915) + 900 (0.0835) - $2.2 billion or 2200 million

Project NPV at 18% discount rate = -597.4

4 0

3 years ago