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Nonamiya [84]
3 years ago
10

The table shows the predicted cost of attending an in-state four-year public college 4 years from now. Category Predicted Annual

Cost tuition $9,350 room and board $8,630 books and fees $1,650 transportation $2,140 other $1,110 Caleb used the table to determine the minimum amount he should save each month to have enough money to pay for his first year of college. He anticipates receiving $4,500 in grants and he will live at home. If he has 4 years to save, and places his money in an interest bearing college savings account, what is the minimum Caleb and his family should save each month? $100 $200 $300 $400
Business
2 answers:
astraxan [27]3 years ago
7 0
<span>To find the cost of going to this college in four years, sum all the values given (9350 + 8630 + 1650 + 2140 + 1110), which gives $22,880 for attending. Subtracting 4500 for grants and 8630 for not having to live on-campus gives a value of $9750 required. Dividing this value by 48 months (the time left before he begins attending) gives an approximate value of $203.13 needed to be saved per month without any interest being added. To make sure that Caleb has enough if the $3.13 per month isn't made up by interest down the line, $300 should be saved each month.</span>
Scilla [17]3 years ago
3 0

the right answer is $200.

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Answer:

7.31%

Explanation:

The question is pointing at the bond's yield to maturity.

The yield to maturity can be computed using the rate formula in excel as provided below:

=rate(nper,pmt,-pv,fv)

nper is the number of times the bond would pay annual coupons which is 31

pmt is the annual coupon payment i.e $1000*8.0%=$80.00

pv is the current price of the bond which is $1,084

fv is the face value of the bond which is $1,000

=rate(31,80,-1084,1000)=7.31%

The yield to maturity is 7.31%

That is the annual rate of return for an investor that holds the bond till maturity.

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Answer:

A) Commercial Transactions for the sale "of sonf" (should be AND) payment of goods.

Explanation:

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Answer:

b. $5m

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Answer:

s

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s

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