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Ulleksa [173]
3 years ago
15

Jill wants to save up for a down payment for her first home to be purchased 8 years from now. If she can earn 8% on her savings

per year how much does she need to save now to make a $35,000 down payment 8 years from now?
Business
1 answer:
mash [69]3 years ago
4 0

Answer:

Jill needs to save $18909.41 at 8% for 8 years so as to have $35000 as the down payment required.

Explanation:

The present  value formula can be used in the determining the amount money invested at 8% per year so as to give $35000  in 8 years.The formula is given thus:

PV=FV/(1+r)n

FV=future value =$35000

r=rate of return =8%

n=number of years =8 years

PV=$35000/(1+0.08)^8

PV=$18909.41

However it should be noted that at year end the balance of principal and interest earned is reinvested so as earn more interest on both.

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About 6 out of 10 people entering a community college need to take a refresher mathematics course. if there are 850 enteringâ st
musickatia [10]

Answer:510 students

Explanation: given that total student is 850

And Of every 10 student 6 will have to sit for a refresher math course

Hence the number that will need a refresher math course will be (850/10)*6= 510

Or better still to better understand this let's use the crossing multiplication method

of 10 student 6must do a refresher math then

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Cross multiplying we have

X=(850*6)/10=510 students

5 0
3 years ago
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Answer: what are the options

Explanation:

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6 0
3 years ago
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melomori [17]

Answer:

The amount of Sunland Company’s total assets is $348,000.

Explanation:

In this question we use the accounting equation which is shown below:

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3 0
3 years ago
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Answer:

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