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
harkovskaia [24]
3 years ago
6

Jake Jones wants to deposit $100 per month into an account earning 5 percent for the next 4 years so he can purchase a used car

at that time. What type of computation would he use to determine the amount he will have for his purchase
Business
1 answer:
DanielleElmas [232]3 years ago
5 0

Answer:

Future value of an annuity

Explanation:

It is the amount of a set of continuous installments up to a certain future date. It considering a fixed rate of return or Periodical payments. A higher interest rate provides a higher benefit of continuous payment.

Future value of an annuity  = p[\frac{(1+r)^n-1}{r} ]

Where, p = payment per month

            r = Rate of interest

            n = number of periodic payment

You might be interested in
The acronym now, when used by financial institutions, stands for ________ and is a type of interest-bearing checking account.
ololo11 [35]

The answer is negotiable order of withdrawal or short for the acronym NOW. The acronym NOW, when it is used in terms of financial institutions, in stands for Negotiable Order of Withdrawal, it is a type of interest-grossing checking account wherein a patron or customer is allowed to create drafts against cash held on deposit or in short words, the owner of the account can write an unlimited amount of checks for drafts or to be used.

5 0
3 years ago
Consider the relative liquidity of the following assets:Assets1. A $5 bill2. The funds in a savings account3. A boat you own4. A
Irina-Kira [14]

Answer:

Boat is an asset.

Most liquid = $5 bill

Second most = Fund in saving account

Third most = Bond

least liquid = Boat

Liquidity means easily convertible into cash. $5 bill is the most liquid while asset cannot be easily and readily convertible into cash.

Explanation:

8 0
3 years ago
According to the BrandZ model, "Bonded" consumers at the lower levels of the pyramid build stronger relationships with and spend
Romashka-Z-Leto [24]

Answer:

FALSE

Explanation:

According to the BrandZ model, "Bonded" consumers at the lower levels of the pyramid build stronger relationships with and spend more on the brand than those at the top. This is a false statement. True statement is, according to the BrandZ model, "Bonded" consumers at the top level of the pyramid build stronger relationships with and spend more on the brand than those at the top. This bonding is created in the very last step which is the ultimate result of the

Presence

Relevance

Performance

&

Advantage step, therefore the order becomes this:

Presence

Relevance

Performance

Advantage

&

Bonding.

7 0
3 years ago
WriteOn Stationery is new in the market. They have hired a specialized agency to promote their products in the market. Which typ
Brrunno [24]

Answer: Marketing service

Explanation: Marketing services can be defined as those services involving activities like advertising and market research etc. The main focus of marketing is not on advertising the products but to make a demand in the market for the product offered.

In the given case writeon is new in the market hence they need promotion and customer base for selling the product. The advertising objectives that writeon needs can be achieved with the help of marketing activities.

8 0
3 years ago
21. which of the following sections is responsible for providing communication planning and resources?
Reil [10]
Wher do we choose the communication planning and resource?
8 0
3 years ago
Other questions:
  • Apple has been working on what it believes is a revolutionary new technology. CEO Tim Cook is finally ready to showcase this tec
    8·1 answer
  • Budgeted variable overhead for the year is $150,000. Expected activity is 30,000 standard direct labor hours. The actual hours w
    7·1 answer
  • Craft, Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company'
    12·1 answer
  • Universal Containers email policy requires that all email traffic remain within its firewall. Currently, the company has 200 sup
    14·1 answer
  • This problem has been solved!
    8·1 answer
  • Macro photography often involves what type of depth of field?
    10·2 answers
  • Identifying the median voter
    8·1 answer
  • Use the information below to answer the following questions.
    13·1 answer
  • How much will Marie have in her retirement account in years if her contribution is ​$ per year and the annual return on the acco
    14·1 answer
  • The revenue manager at the 133-room Big Bluff Bunkhouse Hotel noticed that, based on information from the past several years, th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!