1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolezko [41]
3 years ago
7

Gloria is saving for her daughter’s college education. She wants to have $100,000 available when her daughter graduates from hig

h school in four years. If the investment she is
considering will pay 7.25 percent compounded monthly, how much will she have to invest todayto reach her target? (Round to the nearest dollar.)
1.$35,987
2.$49,659
3.$75,581
4.$97,619
5.$74,892
Business
1 answer:
Helen [10]3 years ago
4 0

Answer:

The correct answer is that Gloria would have to invest $75,581 today at the rate of 7.25 % to receive $100000 in four years,hence option is correct

Explanation:

FV=PV(1+r)^t

FV=$100000

PV= is unknown

r=7.25%

t=4years

PV=FV/(1+r)^t

PV=100000/(1+0.0725)^4

=$75581

Hence the amount Gloria has to invest today is $75581

You might be interested in
Scalpers often artificially decrease supply by releasing tickets in waves, making it impossible for consumers to know how many t
AfilCa [17]

Answer: increase

Explanation: the scalpers are wanting to make the most money out of the buyers so they are willing to increase the price each time they release them in waves(sections)

5 0
4 years ago
The quantity of a good demanded in a given time period increases as the price falls, which is known as:_________
Illusion [34]

Answer:

B) The law of demand

Explanation:

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Ceteris paribus means all things being equal.

Says law says supply creates its own demand.

I hope my answer helps you

4 0
4 years ago
Suppose you hit a 0.058-kgkg tennis ball so that the ball then moves with an acceleration of 10 m/s2m/s2. If you were to hit a b
daser333 [38]

Answer:

1 m/s2

Explanation:

The force on a body ( which is a pull or push) is given by the formula

F = Ma

where F is the force, a is the acceleration and M the mass of the body

Therefore, given that the same force is applied to both bodies,

0.058 × 10 = 0.58 × a

a = 0.058 × 10/0.58

a = 1  m/s2

The acceleration of the basketball will be 1 m/s2.

8 0
4 years ago
A business owner makes 50 items by hand in six hours. She could have earned $10 an hour working for someone else. If each item s
ElenaW [278]

Answer:

Please see attachment.

Explanation:

5 0
3 years ago
The key to market positioning is _______. having a multitude of products to market having a well-defined promotional campaign de
Sergio039 [100]
Strategy is the word you are looking for
3 0
3 years ago
Other questions:
  • How is the value of a product determined?
    10·1 answer
  • When Alfred Weber published his book Theory of the Location of Industries (1909), what did he select as the critical determinant
    10·1 answer
  • Companies under ____ market structures are interdependent. _____ is a secret agreement among companies that may result from this
    15·1 answer
  • Which one of the following statements about best practices is false?
    9·1 answer
  • Pooler Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.15 direct labor
    12·1 answer
  • The ________________ desires to find a solution to a social problem rather than to simply earn profits.
    7·1 answer
  • On July 1, Arcola Company purchases equipment for $330,000. The equipment has an estimated useful life of 10 years and expected
    5·1 answer
  • Rusty Corporation purchased a rust-inhibiting machine by paying $54,500 cash on the purchase date and agreed to pay $10,900 ever
    8·1 answer
  • A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th
    8·1 answer
  • Which of the following types of diversification strategies is characterized by less than 70 percent of revenue coming from the d
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!