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Delicious77 [7]
3 years ago
11

The germane family has found the perfect house in thessaloniki, greece that they would like to use for their summer vacation. to

purchase this $1,000,000 beach house, their bank requires a 40% down payment, which the germane family plans to have saved 5 years from now. they earn $8,000 per month, and their savings account earns 6% interest compounded monthly. what amount must be saved each month?
Business
1 answer:
Rudiy273 years ago
3 0

Answer:

Saving each month is $5733.12

Explanation:

The down payment amount = $1000000 × 40% = $400000

The per month earning = $8000

The earning from saving account = 6%

We have to find the amount that will be saved per month by using the above information.

Interest rate per month = 6% / 12 = 0.5% or 0.005  

Number of periods = 6 ×12 = 60

Future value of annuity = $400000

Saving each month = FV / ([(1+r)^n-1] / r)

Saving each month = 400000 / (((1 + 0.50%)^60 – 1)/ 0.50%

Saving each month = 5733.12

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Answer:

D

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It has so many advantages towards business growth as well as limitations.

Of the listed options in the question ,the only exception to its limitation is that it may require procedures and reports to be standardized across business units, This is more of benefit than limitation.

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Which organization or agency assists the fire department by alerting the public of traffic incidents or evacuations?
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Media is the organization or entity that would help the fire department with incident scene security, crowd control, and explosives disposal.

Law enforcement is the organization or entity that would support the fire department with incident scene security, crowd control, and explosives disposal. Law enforcement forces respond to emergencies around the clock and operate under a paramilitary command structure. In most traffic situations, officers act alone and are taught to make unilateral command judgments. Fire and rescue services respond to emergencies around the clock and follow a well-defined command structure on the scene. The core constituency of traffic incident management consists of eight key disciplines: law enforcement, fire and rescue, emergency medical, transportation, towing and recovery, hazardous materials cleanup, public safety communications and dispatch, and traffic reporting.

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If France had positive net exports last year, then it Group of answer choices sold more abroad than it purchased abroad and had
Snowcat [4.5K]

If France had positive net exports last year, then it (A) sold more abroad than it purchased abroad and had a trade surplus.

<h3>What is trade surplus?</h3>
  • When focused simply on trade effects, a trade surplus indicates that a country's goods are in high demand on the global market, which raises the price of those items and leads to a direct strengthening of the home currency.
  • When exports surpass imports, the trade balance (surplus) is positive.
  • When exports are fewer than imports, the trade balance is negative (deficit).
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  • For example, if China exported $1 trillion in products while importing only $200 billion in goods, it would have an $800 billion trade surplus.

Therefore, if France had positive net exports last year, then it (A) sold more abroad than it purchased abroad and had a trade surplus.

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The complete question is given below:
If France had positive net exports last year, then it

A. sold more abroad than it purchased abroad and had a trade surplus.

B. sold more abroad than it purchased abroad and had a trade deficit.

C. bought more abroad than it sold abroad and had a trade surplus.

D. bought more abroad than it sold abroad and had a trade deficit.

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I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
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