1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Airida [17]
4 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]4 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.

You might be interested in
Astro Co. sold 20,500 units of its only product and incurred a $67,750 loss (ignoring taxes) for the current year as shown here.
maksim [4K]

Answer:

Break even point in dollar sales = $1,050,000

Explanation:

Break Even Point in dollar sales = Fixed Cost/ Contribution margin percentage

Contribution margin percentage = (Contribution margin/ Sales) X 100

Here we have for the year 2017

Contribution margin = $194,750

Sales = $779,000

Contribution margin percentage = ($194,750/$779,000) X 100 = 25%

Break even point in dollar sales = Fixed Cost $262,500/25%

= $1,050,000

3 0
3 years ago
If Ming wants a tertiary color, she should combine
Dimas [21]

red and orange because tertiary colors are combinations with primary and secondary colours.




4 0
3 years ago
Read 2 more answers
A television advertisement for Chick-fil-a shows several cows eating grass in a large field. The camera zooms out to show that t
JulsSmile [24]

Answer:

D) being original

Explanation:

An advertising copy is the main text or phrase used in an advertisement.

The copy used in this commercial is original, specially given the context. Generally advertisements show the product that is being advertised, not a substitute product (cow meat is substitute to chicken meat). This ad tries to be funny in showing that cows prefer people eating chicken instead of them.

8 0
3 years ago
Inflation is 14 percent. Debt is $4 trillion. The nominal deficit is $360 billion. What is the real deficit or surplus
DiKsa [7]

Answer:

Real Surplus is $200 billion

Explanation:

Inflation = 14%

Debt = $4 trillion = $4,000 billion

Nominal deficit = $360 billion

Real Deficit = Nominal deficit - (Inflation*Debt)

= $360 - 14% * 4,000

= $360 - 560

= -$200

Hence, the answer is Real Surplus of $200 billion

8 0
3 years ago
The federal funds rate A. equals the discount rate. B. only matters to banks and has very little impact on individual consumers.
bixtya [17]

Answer:

D. is the rate that banks charge each other for​ short-term loans of excess reserves.

Explanation:

The federal reserves require banks to maintain a certain amount in their vaults to cater for possible withdraws.  At the close of business every day, banks have to confirm they have the required amount. Should a bank fail to meet the requirement, it can borrow from other banks that have a surplus. The interest rate that banks charge each other for these transactions is the fed fund rate.

The Fed set the fund rate. It may increase or decrease it depending on the prevailing market condition. The banks use the fund rate set to determine the interest rates to be charged on loans and mortgages. A high fund rate means high-interest rates.

8 0
3 years ago
Other questions:
  • An employer whose basic approach to leadership consists of statements like do right, and ill reward you. mess up, and ill punish
    6·1 answer
  • If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible p
    9·2 answers
  • For each of the​ following, describe some of the potential opportunity costs ​:1. Going home for Thanksgiving vacation. A. Time
    14·1 answer
  • A university begins Year 1 with 80 faculty. They hire 4 faculty each year. During each year 10% (rounded to the nearest integer)
    12·1 answer
  • The price of silver is $20 per ounce, the riskless rate of interest is 10% c.c. and storage costs are $1.00 per annum, payable q
    9·1 answer
  • Business-to-business (B2B) _____ refers to dividing the market based on the characteristics of buyers.
    13·1 answer
  • Wallace's Wrench Company manufactures socket wrenches.
    13·1 answer
  • What is the target of SEO service?
    11·1 answer
  • ____writing uses storytelling to communicate to the reader.
    11·1 answer
  • Which level of strategic management focuses on the organization as a whole?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!