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spin [16.1K]
4 years ago
10

Janine is 21 years old. she opens an account that pays 4.4% interest, compounded monthly. she sets a goal of saving $10,000 by t

he time she is 24 years old. how much must she deposit each month?
Business
1 answer:
jeka57 [31]4 years ago
4 0
<span>Future Value=Payment*[(1+i)^n-1]/i where i is the interest rate and n is the number of payments. N is 36 (3 years *12 months per year) and our monthly interest rate is 4.4%/12. Doing the math, 10000=Payment/38.4089665 Payment=260.36</span>
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Moral hazard is a situation when a. contract terms attract parties that have a higher preference for risk b. contract terms ince
monitta

Answer:

contract terms incentivize one party to take on more risk because they don't carry the full cost of the risk

Explanation:

A moral hazard can be understood as the concept that a participant that is sheltered from danger in some manner will behave significantly than if they were not.

Every day, we see moral hazard in the form of established academics who remain apathetic presenters, individuals who have burglary insurance who are less attentive about where they parked, compensated workers who take long vacations, and etc.

Thus, from the above we can conclude that the correct option is C.

5 0
3 years ago
Dominique owns an international grocery store, the World Food Market, where customers can purchase foods and canned goods from o
Svet_ta [14]

Answer:

Imports

Explanation:

Dominique owns an international grocery store, the World Food Market, where customers can purchase foods and canned goods from other countries. World Food Market is an example of a company that imports. Dominique imports products from different countries and make them available to its customers on their shelves. They have to buy those products from different sources. For this purpose, they have to put large amount of efforts in order to contact the foreign vendors and get their product imported in their country and ultimately at their store by spending costs and efforts. By importing products from other country, they can provide large product assortment to their customers.

5 0
4 years ago
A product will probably have a relatively high price if
podryga [215]
It’s a luxury item and the brand name over the years has been one people have grown fond of and will accept no substitute
8 0
3 years ago
Suppose Bill Gates, founder of Microsoft, is interested in a small software company. He may offer to purchase the stock of this
Alenkasestr [34]

The action taken by Bill Gates in acquiring the shares of a small software company is called a tender offer.

<h3>What is a tender offer?</h3>

A tender offer is a type of offer given by an investor in respect of purchasing the shares of a public entity at a value within a defined period.

When Bill Gates offered to take over the shares of a small software entity at a cost that can attract the share investors to sell them off in the market. This action of Bill Gates tends to initiate a tender offer for the shareowners of the software entity.

Therefore, the tender offer is the action being taken by the founder of Microsoft company.

Learn more about Bill Gates in the related link:

brainly.com/question/1385934

#SPJ1

6 0
2 years ago
Which of the following is included in GDP? a) Cash gifts from relatives during the holidays b) Welfare payments received by some
krok68 [10]

Answer:

D)the cost of a dinner at a restaurant

Explanation:

GDP which means Gross domestic product can be regarded as the monetary value of finished goods as well as services that is been produced within the country at a particular period of time. The 3 types of GDP are

✓Real Gross Domestic Product.[ occur after inflation has been considered)

✓Nominal Gross Domestic Product.(with normal price)

✓Gross National Product (GNP)

Therefore, Out of the given options, the only one that is included in GDP is "the cost of a dinner at a restaurant".

6 0
3 years ago
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