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harina [27]
3 years ago
8

Matt plans to start his own business once he graduates from college. He plans to save $1,400 every six months for the next five

years. If his savings earn 10% annually (or 5% every six months), determine how much he will save by the end of the fifth year.
Business
1 answer:
NemiM [27]3 years ago
6 0

Answer:

$18,453.40

Explanation:

the easiest way to determine how much money Matt is going to save is by using the future value annuity factor. Using a future value annuity table, we must look for the value that correspond to 5% interest and 10 periods =  13.181

Now we multiply our annuity factor times the amount of money that Matt saves every 6 months = $1,400 x 13.181 = $18,453.40

When Matt graduates from college he should have saved $18,453.40.

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Rob Redbird is interested in attending a concert next weekend. Unfortunately, he is scheduled to work. If he finds a substitute
telo118 [61]

<u>Full question:</u>

Rob Redbird is interested in attending a concert next weekend. Unfortunately, he is scheduled to work. If  he finds a substitute for his shift so he can attend the concert, what kind of cost is he incurring?

A. Fixed

B. Opportunity

C. Unexpected

D. Unavoidable

E. Tangible

<u>Answer:</u>

He incurring is Opportunity kind of cost

<u>Explanation:</u>

Opportunity costs describe the gains a somebody, investor or business craves out on when picking one choice over another. Analyzing opportunity costs can manage you in exceeding profitable decision-making. Bottlenecks are frequently a case of opportunity costs.

The most fundamental description of opportunity cost is the cost of the subsequent most immeasurable thing you could have accomplished had you not obtained your primary option. Opportunity cost examination also operates a vital role in preparing a business's capital building.  Opportunity costs are universally and transpire with every decision made, huge or little.

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3 years ago
Which of the following is NOT a legitimate use of the Internet for businesses?
maw [93]
The true correct answer is C my dude
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3 years ago
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Suppose some banks decide to increase their holdings of excess reserves relative to deposits. Ceteris paribus, this action will
slava [35]

The action of the bank will put decreased pressure on the money supply, and to reduce the impact of this action, the Fed could decrease the discount rate.

Basically, a decrease in discount rate will make it easy and cheaper for commercial banks to borrow money from Federal Reserve System and thus, results to increase in available credit and lending in the economy

Therefore, if the commercial banks decide to increase their holdings of excess reserves supposed to be remitted to Feds, then, this will put <u>decreased</u> pressure on the money supply, and the Fed would act by <u>decreasing</u> the discount rate.

Read more about this here

<em>brainly.com/question/20023706</em>

5 0
2 years ago
what is the purpose of this media message? to inform people that they have the opportunity to support a cause to inform people t
Korolek [52]

The purpose of this media message is to inform people that they have the opportunity to save money. Thus, option B is correct.

What is the media?

Media refers to any route of transmission. This can range from written paper to electronic material, and it provides data in a broad range of forms, including art, journalism, and instructional materials.

A media message is a form of communication that eventually contributes to a viewer, including a television program, website, news article, advertising, or status update through which the information can be conveyed.

As there needs to be a message that needs to be sent to the people, that means that the message can be conveyed that the people need to save money as well as the methods can also be said or be specified in the same with the help of any medium that can be possible. Therefore, option B is the correct option.

Learn more about media, here:- brainly.com/question/27175118

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3 0
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What is joint tenancy?
NeTakaya

Answer:

Explanation:

Joint tenancy is a lawful course of action in which at least two individuals possess a property together, each with equivalent rights and commitments. When one of the proprietors in a joint tenure dies, that proprietor's interest in the property goes to the survivors without the property experiencing the courts.

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