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Delicious77 [7]
4 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:
Rudiy274 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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If a previously proposed strategy is being fully implemented, it shows that there is good strategic leadership.

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Explanation:

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Airline companies then had to adopt some strategies to overcome the crisis, such as the adoption of stricter security control procedures, to increase the reliability of services and people, who were prevented by the terrorist attacks and stopped flying. Advances in technology have also positively impacted aviation, currently there is more control, greater inspection of tickets and luggage and greater security.

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4 years ago
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Answer:

vii) Which of the following best describes the company-related considerations (beyond software type) for the choice of a process methodology in a software project?

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3 years ago
A researcher found that students who scored high on a test of reading achievement also scored high on a self-esteem inventory. t
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A researcher found that students who scored high on a test of reading achievement also scored high on a self-esteem inventory. the researcher can say that reading achievement and self-esteem are <u>positively correlated.</u>

Two variables that move together, or in the same direction, are said to have a positive correlation. A positive correlation exists when one variable increases as the other increases or when one variable decreases while the other decreases. Theoretically, the same external forces can affect both of these separate variables because they travel in the same direction.

A fully positive correlation means that the variables move together by the same proportion and direction 100% of the time. The demand for a product and the price that goes along with it are positively correlated. If demand increases in circumstances where the supply is constant, the price will go up.

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brainly.com/question/27591911

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1 year ago
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Answer & Explanation:

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