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Airida [17]
3 years ago
9

Leslie Porter is planning a trip to Europe upon graduation in two years. She anticipates that her trip will cost $14,000. She wo

uld like to set aside an amount now to save for the trip. How much should she set aside if her savings earns 4% interest compounded quarterly
Business
1 answer:
Serjik [45]3 years ago
4 0

Answer:

$12,929

Explanation:

Amount = $14,000

Rate=4%= 0.04

Number of Times Compounded= 4

Time= 2 years

For Compound Interest,

Amount = P(1+ ʳ/ₙ)ⁿᵗ

14000 = P(1+0.04/4)²ˣ⁴

14000=P(1+0.01)⁸

14000=P(1.01)⁸

P= 14000/(1.01)⁸

=$12928.77

Leslie should set aside an approximate sum of $12,929 for her trip.

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A project with an initial investment of $438,500 will generate equal annual cash flows over its 9-year life. The project has a r
motikmotik

Answer:

$70 194.95

Explanation:

The computation of the minimal annual cash flow needed for accepting the project is shown below:

As we know that

Present value of annuity = Annuity × [1 - (1 + interest rate)^ - time period] ÷ rate

$438,500 = Annuity × [1 - (1.08)^ - 9] ÷ 0.08

$438,500 = Annuity × 6.246887911

So,

Annuity = $438,500 ÷ 6.246887911

= $70 194.95

7 0
2 years ago
Before 1860, most of the U.S. population lived _____ and most workers _____ .
riadik2000 [5.3K]

Answer:

b. in rural areas; were self-employed.

Explanation:

Before 1860, most of the U.S. population lived Rural area and most workers were self-employed .

Before, 1860 or the pre civil war era most of the US rural only unlike today. The since, industrial revolutions in its fledgling stage. Most of the population was self employed.

6 0
3 years ago
An auto parts shop carries an oil filter for trucks. The annual demand for the oil filter is roughly 1200 units. The ordering co
earnstyle [38]

Answer:

The answer is the economic order quantity is 400 units.

Explanation:

For this question, we apply the economic order quantity (EOQ) formula developed by Ford W. Harris in 1913, to find the answer. The formula is shown as below:

EOQ = \sqrt{2DS/H}

in which: EOQ: Economic order quantity; D: Annual Demand in units; S: Cost per order; H: Annual holding cost per unit.

So by substituting the information we are given in the question, we have: D = 1,200 units; S = $80 and H = $1.2. Thus:

EOQ = \sqrt{2 * 1,200 * 80/1.2} = 400 units.

So, the economic order quantity is 400 units.

6 0
3 years ago
True or false the texas legislature is classified as highly professional, the highest level of institutionalization.
Phantasy [73]
<span>Your question lacks some context. So, I am going to assume that you are talking about relates to America as a whole. If my assumption is right, I'd have to say that the answer is false because they are at the state level and the federal level outranks it. For instance, if Texas passes a law abolishing a minimum wage, the law on federal minimum wage still must be followed.</span>
4 0
3 years ago
Which functionality would you include in the product category of the marketing mix?
Licemer1 [7]

The after sales services are included in the product category of market mix.  Option C

<u>Explanation: </u>

The set of ideas or actions taken by a business entity or a company to promote its product or brand in the market. The four P’s of marketing mix are namely,

  • Product - The end product that is offered for sale.
  • Price – The value set for the finished good for selling.  
  • Place – Direct or indirect markets.
  • Promotion – Public relations, advertising, etc.,

From the given, discounts comes under pricing, product image used in advertising comes under promotion and substitute goods belong to a different topic. After-sales services comes under the service branch of the product category.

6 0
3 years ago
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