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Nuetrik [128]
3 years ago
10

How many years will it take you to accumulate $30,000 for a down payment on a house if you deposit $12,000 today and you expect

to earn a 10% annual return on your investment?

Business
1 answer:
DENIUS [597]3 years ago
3 0

Answer:

9.61 years

Explanation:

For this question , we use the NPER formula that is presented in the attached spreadsheet

Given that,  

Present value = $12,000

Future value = $30,000

Rate of interest = 10%

PMT = $0

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the answer is 9.61 years

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What is financial literacy and why is it important.
FromTheMoon [43]

Answer:

Financial literacy is a set of skills and knowledge that allows one to make effective decisions with their financial resources.

Explanation:

Why is it important? Well, being financially literate ensures financial stability and security. It also allows you to have a variety of different financial skills; such as creating a budget, understanding how credit works, being able to save for retirement, and becoming wiser with how to manage your money.

Hope this helps! Have an amazing day! :D

8 0
2 years ago
The electronic invoicing and payment (EIPP) system for the B2B environment is similar to the electronic bill presentment and pay
charle [14.2K]

Answer:

a) True

Explanation:

Electronic bill payment and presentment (EBPP) can be regarded as process that is been utilized by

companies in collection of payments electronically by utilization of systems such as Automated Teller Machines (ATMs) as well as Internet and direct-dial access. This has turned to a core component of online banking as regards to some financial institutions today, some industries such as telecommunications and insurance providers make use of it.

Electronic invoicing and presentment payment (EIPP) can be regarded as process involving sending of electronic invoice to customers using the internet, as well as the ability of customers to be able to pay that invoice online also. It give a solution that brings about increased productivity, as well as given room for business owner to spend more time in developing their business as well as relationships with their customers.

It should be noted that the The electronic invoicing and payment (EIPP) system for the B2B environment is similar to the electronic bill presentment and payment (EBPP) system for the B2C environment.

3 0
3 years ago
Antonio and Dina are debating the use of student discounts by local theaters near school. Antonio argues, "When theaters offer d
Ivanshal [37]

Answer:

The correct answer is letter "A": Dina.

Explanation:

The fact that local theaters near school offer a discount to students with valid identification is not a form of discrimination. As stated by Dina, there is no age restriction, for instance, and it is presumed, there is no other such religious preference, sexual orientation, race, and so forth. Economists are more likely to agree with Dina since what the local theaters are simply trying to do is to get the more clientele possible out of diverse sources. In this case, the source is the student status.

7 0
3 years ago
"For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed
WINSTONCH [101]

Answer:

d. Private sector through the earning and spending of income.

Explanation:

In economics some major questions producers ask is for whom is production done, and how are output distributed in the economy.

For example ski equipment are produced for those people that practice skiing either as a sport or as a hobby. The particular set of people that use this product is targeted and provided with these goods.

Therefore these questions are answered in the private sector when the consumer earns income and spends it on their needs.

8 0
3 years ago
6.Which statement applies to all centrally-planned economies?
Art [367]

Answer: C) the government makes all important economic decisions.

<span>A centrally planned economy is an economic system in which the  government makes all important economic decisions rather than leaving them to  consumers and businesses.</span>

<span>In these type of economy, prices are all controlled, the government sets plans, and the  economy is handled by bureaucrats. </span>

4 0
2 years ago
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