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
Colt1911 [192]
3 years ago
6

Sarah Gray wants to invest a certain sum of money at the end of each year for five years. The investment will earn 4% compounded

annually. At the end of five years, she will need a total of $45000 accumulated. How should she compute her required annual investment? g
Business
1 answer:
guajiro [1.7K]3 years ago
5 0

Answer:

How should she compute her required annual investment?

$ 36.987  

Explanation:

With the present value formula we can calculate how she has to invest today to get $45,000 at the end of the 5 years, with a compounded rate of 4%.

Principal Present Value  =  F /  (1 + r)^t  

In this case we have the future value and we need to find the present value that we have to invest to get the money expected.

Principal Present Value  =  45,000 /  (1 + 4%)^5 = $36,987  

If we invest today $36,987, with a compounded interest rate of 4% we get at the end of the period, 5 years, the total sum of $45,000.

You might be interested in
Under the sales comparison approach to valuation, a subject property has 3 bedrooms, two bathrooms and is on a golf course. The
kondaur [170]

Answer:

The subject property should be valued at $760,000

Explanation:

Sales comparison approach to valuation in real estate values properties by comparing their similar characteristics, and the features are priced. The total value of a property is thus the addition of all features.

In the instance given, both properties have 3 bedrooms and 2 bathrooms and so using comparison theses features are equally priced at $690,000.

So the property with the golf course will have $690,000 added to the value of the golf course ($70,000).

That is $760,000.

8 0
2 years ago
When you are in a conflict that you are not passionate about, it is seen as gracious to sometimes ______. a. Fight for your side
Hunter-Best [27]

Answer:

B) Step aside and let the other person prevail

Explanation:

I took it on Edgenuity

7 0
3 years ago
Oldhust Corp., an electronics company in the country of Bigmount, bought Specden Corp., an electronics company in the country of
uysha [10]

Answer: Direct foreign investment

Explanation:

The direct foreign investment is one of the investment process that helps in controlling the business ownership and in this the investment is basically create by one organization in some other country or location.

The economic development and the easy international trading are the main benefit of the direct foreign investment.

 According to the given scenario, the Oldhust corporation is one of the electronic company that basically bought the other electronic firm in the other country and this example is refers as the direct foreign investment.

 Therefore, Direct foreign investment is the correct answer.

8 0
3 years ago
A waiter believes the distribution of his tips has a model that is slightly skewed to the left​, with a mean of ​$8.90 and a sta
postnew [5]

Answer:

A. 0.3204    B. $14.669

Explanation:

Mean = 8.9      SD = 4.5

Required probability = P (X >/= 550/50)

P(X>/=11) = 1 - P[(X - mean/SD) < (11 - mean)/SD]

              = 1 - P(Z < (11-8.9)/4.5)

P(X>/=11) = 1 - P(Z < 0.4666667)

Using Excel NORMDIST(0.4666667,0,1,1)

P(X>/=11) = 1 - 0.6796 = 0.3204

The probability that she will earn at least $550 = 0.3204

b. P ( X  >  x )  =  0.10

1  −  P ( X  −  mean)/SD  ≤  (x  −  mean) /SD = 0.10

P ( Z  ≤  z )  =  0.90

Where,

z  =  (x  −  mean )/SD

Excel function for the value of z:

=NORMSINV(0.9)

=1.282

Hence (x - mean)/SD = 1.282

= (x - 8.9)/4.5 = 1.282

x = (1.282*4.5) + 8.9

x = 14.669

He earns $14.669 on the best 10% of such weekends.

3 0
3 years ago
The demand and supply curves show how buyers and sellers ________; the interaction of buyers and sellers ________. compete again
koban [17]

Answer:

The correct answer is the second option: respond to prices; determines the price.

So the final statement will be:

The demand and supply curves show how buyers and sellers respond to prices; the interaction of buyers and sellers determines the price.

Explanation:

To begin with, in the microeconomics theory both the demand and supply curves are economic functions that are represented in the graphic in order to give a better understanding of what is going on in the reality of the economy out there. So that means that they are both determine by the quantity demanded or supplied and the price, the relation between those two components. And regarding that, they both will show how the buyers and sellers respond to prices. Moreover, their interaction will determine the price as explained before.

5 0
2 years ago
Other questions:
  • Replenishment lead time is _________.a. The time between placing an order and receiving the materials. b. The amount of time the
    9·1 answer
  • If a firm sells on terms of 2/10, net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day
    6·1 answer
  • 1. Compound interest is:
    15·1 answer
  • Mr. Husker’s Tuxedos Corp. ended the year 2018 with an average collection period of 37 days. The firm’s credit sales for 2018 we
    14·1 answer
  • Under __________ requirements, the union must apply the terms of contract equally to all bargaining-unit employees. question 15
    9·1 answer
  • An insurance company is analyzing the following three bonds, each with five years to maturity, annual interest payments, and is
    6·2 answers
  • Suppose you own a small business and have been thinking about expanding production, including hiring more workers. Until recentl
    8·1 answer
  • How do i look today im going somewere soooooooooooooo
    15·2 answers
  • Three types of patents available under U.S. law are: a. utility, regulatory, common law. b. design, packaging, invention. c. uti
    10·1 answer
  • A major difference between ifrs and gaap relates to the revaluation surplus account. retained earnings account. share premium ac
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!