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
Finger [1]
3 years ago
10

Steve Wilson wants to deposit $150 per month into an account earning 4 percent for the next 3 years, so he can purchase a used c

ar at that time. What type of computation would he use to determine the amount he will have for his purchase?
A) Simple interest
B) Future value of a single amount
C) Present value of an annuity
D) Present value of a single amount
E) Future value of an annuity
Business
1 answer:
Lelu [443]3 years ago
5 0

Answer:

E

Explanation:

Future value of an annuity is a method used to calculate the value of a recurring payments in the future.It involves the principal payment , a specific timeline and also interest or discount rate.

Assuming the rate of discount or interest do not change , it can help to accurately predict the value of a future payment or saving.

The interest or discount rate is factored into the present value of the annuity in order to derive the future value.

You might be interested in
Because users often neglect to create strong​ passwords, some organizations choose to also employ​ ______ authentication using f
zloy xaker [14]

<span>Because users often neglect to create strong passwords, some organizations choose to also employ biometric authentication using fingerprint scans or retina scans.</span>

Biometric authentication is a security feature used in computer science that relies on biometric identifiers, measurable characteristics of the human body, to enhance the processes of authentication. 

3 0
2 years ago
Which of the following is not normally considered an area of personal finance?
sertanlavr [38]
Choice of a marriage partner does not form part of personal finance. Ideally, personal finance talks about retirement planning, investments, budgeting, cash flow or any other things that may affect financial stability.
4 0
3 years ago
Why do infomercials use both strong and weak arguments? to appeal to both high and low involvement consumers because it is neces
Vesna [10]

Answer:

The correct answer is letter "A": to appeal to both high and low involvement consumers.

Explanation:

Strong arguments are those that provide probable support for an idea. Weak arguments fail to provide support for different matters. Then, when talking about marketing, strong arguments are more likely to engage consumers with a product while weak arguments can attract consumers at low levels but the ideas lack reliability.

Thus,<em> infomercials can make use of both strong and weak arguments at different levels of consumer involvement.</em>

4 0
3 years ago
Mackenzie's dream is to open a chain of salons. She hopes to attract investors to help finance growth. Having once considered fo
CaHeK987 [17]

Answer: <em>Limited Liability Company</em>

Explanation:

Limited liability company also known as LLC is referred to as the United States specific type of private limited organization. It is referred to as a business structure or component that tends to combine or mix pass-through taxation for a sole proprietorship or a partnership with the tendency of a limited liability of an organization. A LLC is not an organization under the state law, it is referred to as a legal type of an organization that tends to provide a limited liability to the owners in several jurisdictions.

5 0
3 years ago
Francine installed a new pool for $11,320 using a 12-month deferred payment plan with an interest rate of 20.67%. what is the ba
mr_godi [17]
<span>$11,320 with its interest rate over the year will be $13659.84. If Francine paid $436 each month for a year he would have paid off $5232 in a year. His debt balance would still be remanding at $8427.84. Francine will have paid off a large amount of his payment plan with the company however he will still be required to spend 18 months or so to pay back what he owes as there was a a 20.67% interest sum added to his payment plan with the company.</span>
3 0
3 years ago
Other questions:
  • The price (P) of designer jeans is affected by the supply (S) and the demand (D).
    11·1 answer
  • A budget for a business could best be created in a:
    5·1 answer
  • Why do monopolies engage in price discrimination when possible? Enumerate and explain the nature of possible impediments to pric
    14·1 answer
  • Any excess of cost over fair value was attirbuted to goodwill, which has not been impaired. Emery Co. reported net income of $40
    15·1 answer
  • Select one country and consider the export of that country what is the reason for the export
    9·1 answer
  • Suppose that Freddie's Fries has annual sales of $520,000; cost of goods sold of $395,000; average inventories of $11,000; avera
    7·1 answer
  • Value Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The c
    15·1 answer
  • Which steps would you follow if you wanted to see a list of overdue invoices, starting from the quickbooks online company sales
    9·1 answer
  • When individuals use all available information about an economic variable to make a decision, expectations are?
    12·1 answer
  • if the income elasticity of tomatoes is estimated to approximate 0.25, what would you expect to happen to the consumption of tom
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!