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aksik [14]
4 years ago
12

A family wishes to accumulate 50,000 i a college education fund by the end of 20 years. If they deposit 1,000 into the fund at t

he end of each of the first 10 years, and 1, 000+X at the end of each of the second 10 years, find X to the nearest unit if the fund earns 7% effective.
Business
1 answer:
Charra [1.4K]4 years ago
8 0

Answer:651.73

Explanation:

1,000s20|0.07+Xs10|0.07= 50,000. Therefore,X=50,000-1,000s20|s10|=50,000-40,995.4313.81643= 651.73

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If a firm needs to finance a new corporate headquarters building, then it would most likely seek the funds in the <u>capital market</u>.

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2 years ago
A Las Vegas hotel wants to provide a better experience for its rapidly growing customer base from China. The hotel can best do t
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Explanation:

7 0
3 years ago
In general, how would your best friend describe you as a risk taker?
earnstyle [38]

Answer:

answer is B.............

6 0
2 years ago
Which individual is a producer? a quality control manager who works in a busy restaurant a mother who demands quality produce fo
Ostrovityanka [42]

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7 0
3 years ago
Read 2 more answers
You have a $50,000 portfolio consisting of Intel, GE, and Con Edison. You put $20,000 in Intel, $12,000 in GE, and the rest in C
Marrrta [24]

Answer: 1.048

Explanation:

First let us calculate the amount in Con Edison

= 50,000 - 20,000 - 12,000

= $18,000

To calculate the Portfolio Beta, you take the sum of the respective betas of the various stocks in the portfolio multiplied by their proportion in the portfolio.

Intel = 20,000/50,000

= 2/5

GE = 12,000/50,000

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Adding them up we will have

= (1.3*2/5) + (1*6/25) + (0.8*9/25)

= 1.048

If you need any clarification do react or comment.

3 0
3 years ago
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