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
densk [106]
3 years ago
5

You want to buy a house within 3 years, and you are currently saving for the down payment. you plan to save $5,000 at the end of

the first year, and you anticipate that your annual savings will increase by 10% annually thereafter. your expected annual return is 7%. how much will you have for a down payment at the end of year 3?
Business
1 answer:
iragen [17]3 years ago
6 0
<span>Answer: Just get the FV of each year's cash flow.
At T1 - 5,000, N 2, R 7%, Compute FV at T3 - 5,724.50
At T2 - 5,500, N 1, R 7%, Compute FV at T3 - 5,885.00
At T3 - 6,050, N 0, FV at T3 - 6,050

Total at T3 - 17,659.50</span>
You might be interested in
At the time when products and services are produced or provided to customers, which functional area is responsible for ensuring
Norma-Jean [14]

Answer: operations

Explanation:

At the time when products and services are produced or provided to customers, the functional area that is responsible for ensuring that those products and services meet high quality standards is operations.

The people in the operations department are in charge of managing activities that relates to production of goods and services. Some if their functions are managing operations, embracing design, performance improvement, planning, control, and operations strategy.

5 0
3 years ago
Which of the following statements can be used to explain the growth of international business? a. Many countries in Europe and A
Trava [24]

Answer:

a. Many countries in Europe and Asia were devastated after World War II and had to be rebuilt.

Explanation:

a) after WWII the US emerge as world leader taking the place of the UK and trade betwene Europe and Asia making post in the US improved global trade.

b) The postwar boom increased demand for product.

c) The cultural traditions did changge but not in that direction the world divided into Communinst and Capitalism

d) No, they weren't at all. Even Britain who didn't suffer land invasion has the south coast in ruins as a resutl of the aereal battle of brittian.

8 0
3 years ago
If you are in a car accident cause by someone else who also has insurance, which type of insurance plan will not require you to
max2010maxim [7]
If you are in a car accident cause by someone else who also has insurance, the type of insurance plan that will not require you to pay out of pocket costs is liability insurance. If the car accident was not your fault and the person who caused the accident is also insured the claim should be paid by him under his coverage and your pocket will be safe as well as your insurance will not be affected.
7 0
3 years ago
Ship A is 15 miles east of P and is moving west at 20 mph; ship B is 60 miles south of P and is moving north at 15 mph. At what
Sav [38]

Answer:

please \: refer \:  \:  to \: the \: attachment \: above

Thank U,Next

5 0
2 years ago
Assume Uber planned to cut losses by 40 percent by withdrawing from countries like China and Singapore. A year has now passed si
yKpoI14uk [10]

Answer: The correct answer is "d. control the direction".

Explanation: Uber need to control the direction because:

a. make the plan  - The plan has already been drawn up, is to withdraw from China and Singapore.

b. make the goal  - The objective was not met because, despite having executed the plan, there are still losses.

c. define objectives  - The objectives have already been defined and is to reduce losses.

d. control the direction  - The executed plan is not fulfilling the objectives therefore it is necessary to control the direction of it.

e. carry out the plan - The plan has already been carried out, a year has passed and there are still losses.

6 0
3 years ago
Read 2 more answers
Other questions:
  • The Marshall Company has a process cost system. All materials are added when the process is first begun. At the beginning of Sep
    7·1 answer
  • Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases
    11·1 answer
  • Select best example below illustrative of transaction costs.a. All of the above b. The costs of various dinners during which a c
    5·1 answer
  • The following information is taken from Reagan Company's December 31 balance sheet:
    6·1 answer
  • Determine the missing amount for each of the following:
    15·1 answer
  • Assume there is no leakage from the banking system and that all commercial banks are loaned up. Suppose the reserve ratio is 25%
    6·1 answer
  • What is a significant difference between Accountants and Auditors and other professionals?
    13·2 answers
  • If you have done everything correctly, you might realize that stagflation creates a dilemma for the Fed. Why? Choose one or more
    7·2 answers
  • Advise new entrepreneurs on the char<br>acteristics of co-operatives<br><br>​
    14·1 answer
  • Abc company is in the process of issuing bonds. The bonds have a stated interest rate of 6%, which is 2% above the current marke
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!