Answer:
She have to invest $7,387 today to achieve goal
Explanation:
Future value is the accumulated value of principal and compounding interest after some period of investment.
Target Future value = A = $14,500
Number of year = 12 years
Yearling compounding = 2 time a year
Total compounding = n = 12 x 2 = 24 compounding periods
Interest rate = r = 5.7% yearly = 5.7% / 2 = 2.85% semiannually
A = P ( 1 + r )^n
$14,500 = P ( 1 + 2.85% )^24
$14,500 = P x 1.963
P = $14,500 / 1.963
P = 7,386.65
P = 7,387
I think it’s B: the 529 college savings only
Answer:
Price decreases and demand increases
Explanation:
After achieving a required profit, stores usually start to sell their products on sale. A sale is an opportunity for the buyers to buy goods and services at low prices. Price and demand have an inverse relationship, that is why, on sale, the price decreases and moves the point down, whereas, the increase in the demand moves the point up.
