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
Arlecino [84]
3 years ago
15

Denise has her heart set on being a millionaire. What payment does Denise need to make at the end of each month over the coming

44 years at 6​% APR to reach her retirement goal of ​$1 ​million?
Business
1 answer:
ArbitrLikvidat [17]3 years ago
7 0

Answer:

$ 941 796

Explanation:

The present amount with compound interest is given by the following formula:

A = P (1+\frac{r}{n})^{nt}

where A = $ 1 000 000

t (years)  = 44

rate         = 6%

               = 0.06

The formula becomes:

1 000 000 = P (1 + (0.06/44) (44*1)

1 000 000 = P (1.0618)

              P = $ 941 796

so the amount needed to be deposited is $ 941 796

You might be interested in
Maddie enjoys viewing the website for her favorite clothing store because part of the space lets customers post pictures wearing
Anika [276]

Answer:

Content.

Explanation:

Internet branding or marketiing is the process of advertising your business and services over the internet. This marketing strategy helps to attract customers, sales, etc.

The model of online marketing suggests 7C's of internet branding.

The one that is exemplified in the given instance is content.

Content is one of the 7C's of online marketing which helps to pace with the modernity of society. There are, now, many new ways of creating a creative content which helps to attract the customers. This may include to create content that consists of videos, infographics, images, etc.

<u>In the given instance, Maddie is viewing the website of her favorite clothing store. The pictures posted on that website helps Maddie to style her own clothing. This suggests that her favorite clothing store has created a creative content that helps it's customer to visualize the clothings as well.</u>

Thus the correct answer is content.

3 0
3 years ago
How does the use of new technology in industry benefit producers more so than consumers?
katen-ka-za [31]

The use of new technology in industry has benefited producers more so than consumers as, "Producers can transport goods around the world."

With faster decision-making and quick responses, the new technology enables producers to become more competitive in the market. The technology is helping to increase the efficiency of systems, products and services.

With the help of technology, the products which are produced are being marketed and then they are being transported around the world. This way it enables the business to grow rapidly and increases the profits.

Through the use of technology, businesses can research the market. This is extremely useful as it provides businesses with in-depth knowledge about market conditions.

Hence, the use of new technology in industry has benefited producers more so than consumers.

To learn more about the producers and consumers here:

brainly.com/question/7103791

#SPJ4

4 0
2 years ago
You have just signed a contract for your rental property and you will make monthly payments at the beginning of each month. Your
Mekhanik [1.2K]

Answer:

$9,760.48

Explanation:

Present value of annuity due = P* [[1 - (1+r)^-(n-1)] / r] + P. Where P = Periodic payment = $1,000, r = Rate of interest per period 4% (0.48/12), n = number of payments 12 (12*1)

Present value of annuity = $1000 * [[1 - (1 + 0.04)^-(12-1)] / 0.04] + $1000

Present value of annuity = $1000*8.760475 + $1000

Present value of annuity = $8760.48 + $1000

Present value of annuity = $9,760.48

3 0
3 years ago
Japan has the ability to produce either 10,000 televisions or 5,000 cars in a day. The United States has the ability to produce
lisabon 2012 [21]

Answer:

<h2>The United States has the comparative advantage in car production.</h2>

Explanation:

  • Japan has a lower opportunity cost of producing televisions compared to cars, implying that Japan basically has to give up or sacrifice or trade off relatively less number of cars to produce one more television compared to the production of one more car.
  • Alternatively, US has a lower opportunity cost of producing cars relative to televisions meaning that US has to give up, sacrifice or trade off less number of televisions to manufacture one more car in comparison to the production of one more television.
  • Hence, in this case,US has a comparative advantage in the production of cars and Japan has a comparative advantage in production of television and both countries can produce these respective commodities by using relatively less productive resources or factor inputs.
8 0
3 years ago
Type the correct answer in the box. Spell all words correctly.
umka21 [38]
Do you have a word bank?

i think 1: flowchart
2: first
5 0
3 years ago
Read 2 more answers
Other questions:
  • According to the fiedler contingency model, high managerial control is characterized by ________.
    14·1 answer
  • Travers Company is contemplating the acceptance of a special order has the following unit cost behavior, based on 10,000 units (
    6·1 answer
  • Before introducing the new software, Star Software Inc., conducted benchmark activities to assess how popular the product would
    8·1 answer
  • How am I still single.
    14·1 answer
  • Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was esti
    5·1 answer
  • Steve Jobs of Apple was known as a perfectionist. "My job is not to be easy on people," he said. "My jobs is to take these great
    11·1 answer
  • Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts p
    14·1 answer
  • Security Analysts that have evaluated Concordia Corporation, have determined that there is a 15% chance that the firm will gener
    7·1 answer
  • How long do you have to work to qualify for unemployment?.
    15·2 answers
  • A model for enabling on-demand access to compute resources such as networking, analysis, storage and compute is called.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!