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svp [43]
2 years ago
6

Each of the following situations is independent. Work out your own solution to each situation, and then check it against the sol

ution provided.The Morgans would like to send their daughter to a music camp at the end of each of the next five years. The camp costs $1,000 a year. What lump-sum amount would have to be invested now to have $1,000 at the end of each year if the rate of return is:Twelve percent?
Business
1 answer:
saw5 [17]2 years ago
8 0

Morgan will get $1600 with the process of simple interest.

<h3>what is simple interest?</h3>

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

Rate of interest = 12%

principal = $1000

Time = 5 years

Simple interest

=\frac{1000 \times 5 \times 12}{100}\\=600

Now amount = 1000+600 = 1600.

Therefore, Morgan will get $1600.

To learn more about simple interest from the given link

brainly.com/question/25793394

#SPJ4

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Adam's company recently suffered an attack where hackers exploited an SQL injection issue on their web server and stole sensitiv
zaharov [31]

Answer:

d.Incident

Explanation:

Based on the information provided within the question it seems that what is being described in this activity is an incident as: an unplanned interruption to an IT service or reduction in the quality of an IT service or a failure of a Configuration Item that has not yet impacted an IT service In the context of information technology this refers to an attack to a IT service or server which causes an unplanned interruption in that service or reduction or quality. Which the attack  in this scenario did both as they attacked the server and stole sensitive information which most likely caused the service to be shut down for maintenance in order to fix the exploit.

6 0
3 years ago
Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60
BARSIC [14]
A 20/60 x 100 is the answer
8 0
3 years ago
What is the Urban Dictionary definition of Makenzie
dusya [7]

Makenzie's are so awesome, funny, athletic, sweet, kindhearted and you will always laugh whenever your around a Makenzie. Makenzies and the most coolest people in the whole world you have to know a Makenzie now.

6 0
4 years ago
You’ve collected the following information from your favorite financial website.
Nataliya [291]

Answer:

-9.92%

Explanation:

P₀ = Div₁ / (Re - g)

  • Div₁ = next year's expected dividend = $1.12 x (1 - 11.5%) = $0.9912
  • Re = cost of equity = ?
  • P₀ = current stock price = $62.91
  • g = dividend's growth rate = -11.5%

Re =  (Div₁ / P₀) + g

Re = ($0.9912 / $62.91) - 11.5%

Re = 1.58% - 11.5% = -9.92%

Since the cost of equity or required rate of return cannot be negative, I suppose that investors are not worried about Abbott distributing dividends, instead, they prefer that the company reinvests earnings in new projects.

3 0
3 years ago
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Num
GuDViN [60]

Answer:

following a linear equation:

y = mx + b

if we use July's data:

y = $0.0882m + 500

where

y = total cost

m = number of copies

the slope = 1 / 11.3333 = 0.0882

Explanation:

Month          Number of Copies       Total Copy Cost

January            46,000                          $4,600

February          42,000                          $4,400

March              58,000                           $5,300

April                 64,000                           $6,300

May                  57,000                          $5,000

June                62,000                           $5,800

<u>July                 68,000                           $6,500 </u>

August            71,000                            $7,300

y = mx + b

6,500 = 68,000x + 500

x = variable cost per unit = (6,500 - 500) / 68,000 = $0.088235294 per copy ≈ $0.0882 per copy

the equation would be:

y = $0.0882m + 500

the slope = 1 / 11.3333 = 0.0882

8 0
3 years ago
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