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quester [9]
3 years ago
6

"Find the amount of each payment to be made into a sinking fund which earns 7​% compounded quarterly and produces ​$50 comma 000

at the end of 3.5 years. Payments are made at the end of each period."
Business
1 answer:
Elodia [21]3 years ago
3 0

Answer:

Quarterly deposit= $3,182.78

Explanation:

Giving the following information:

A sinking fund earns 7​% compounded quarterly and produces ​$50,000 at the end of 3.5 years.

We need to find the quarterly deposit made at the end of each period.

<u>First, we need to calculate the quarterly interest rate:</u>

Interest rate= 0.07/4= 0.0175

To calculate the deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

n= 3.5*4= 14

FV= 50,000

i= 0.0175

A= (50,000*0.0175)/ [(1.0175^14)-1]= $3,182.78

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il63 [147K]

Answer: B. Openness to experience

Explanation: According to the Big Five personality factors, openness as a personality factor measures the level curiousness, imaginative and creative ability exhibited by an individual. An individual low on openness will be described as someone who would rather stick to a routine outline or experience or methodology. However, Layla fox described above could be said to exhibit high openness to experience given her will or zeal to try out new opportunities, imaginative and creative capability.

4 0
3 years ago
According to the BrandZ model, "Bonded" consumers at the lower levels of the pyramid build stronger relationships with and spend
Romashka-Z-Leto [24]

Answer:

FALSE

Explanation:

According to the BrandZ model, "Bonded" consumers at the lower levels of the pyramid build stronger relationships with and spend more on the brand than those at the top. This is a false statement. True statement is, according to the BrandZ model, "Bonded" consumers at the top level of the pyramid build stronger relationships with and spend more on the brand than those at the top. This bonding is created in the very last step which is the ultimate result of the

Presence

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&

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&

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7 0
3 years ago
What do you prefer Aldi or Lidl? and why?​
Jlenok [28]
Aldi!!! Personal preference due to the organization.
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aleksklad [387]

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please give me brainlist and follow

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8 0
3 years ago
What is the money multiplier when the reserve requirement is
Katyanochek1 [597]

Answer:

Money multiplier= 1 / reserve requirement

a. Reserve requirement = 0.09

Money multiplier = 1 / 0.09

Money multiplier = 11.11

b. Reserve requirement = 0.25

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3 0
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