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Arisa [49]
3 years ago
6

You decide to save money for your daughter's education which requires a one time payment of $60,000 in 10 years and in pursuit o

f this you deposit a certain amount today in a bank which offers you a return of 6%. What is the amount that you need to deposit today
Business
1 answer:
Anarel [89]3 years ago
3 0

Answer:

The amount deposited today is $56,603.77

Explanation:

First of all, let us lay out the information clearly :

final amount to be realized = $60,000

return on investment = 6% = 0.06

Let the amount to be invested be P

6% of P + P = $60,000

0.06P + P = 60,000

1.06P = 60,000

∴ P = 60,000 ÷ 1.06 = 56,603.77 ( to 2 decimal places).

Therefore, the amount deposited today, that will yield a 6% return on investment to yield $60,000 is $56,603.77

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Janet is the secretary to the ceo. the ceo uses the corporate jet to travel to locations where he acts as a private consultant.
Sauron [17]

Janet is <u>a  "whistleblower".</u>


A whistleblower is a person, who could be a representative of an organization, or an administration office, unveiling data to people in general or some higher expert about any bad behavior, which could be as extortion, debasement, and so on.  

An whistleblower could be a representative, temporary worker, or a provider who winds up mindful of any unlawful exercises.  

To shield whistleblower from losing their activity or getting abused there are particular laws. Most organizations have a different arrangement which obviously states how to report such an occurrence.

7 0
3 years ago
An analysis of the competition suggests the average retail selling price of an electronic game is $89. The owner of a computer a
sukhopar [10]

Answer:

Yes, she should buy

Explanation:

The cost price of the electronic games is $55 per unit.

The selling price is $89 per unit.

The margin is dollar = selling price - cost price

=$89- $55

=$34

As a percentage, the margin will be

=34/55 x 100

=61.82%

If her normal margin is 35%, then the offer is good for her.

4 0
3 years ago
Skolits Corp. issued 10-year bonds 2 years ago at a coupon rate of 8.7 percent. The bonds make semiannual payments. If these bon
kykrilka [37]

Answer:

7.36%

Explanation:

Nper = (10-2)*2 = 16

Pmt = 1000*8.7%/2 = 43.5

Pv = -108%*1000 = -1080

Fv = 1000

YTM = Rate(Nper, pmt, -Pv, Fv)*2

YTM = Rate(16, 43.5, -1080, 1000)*2

YTM = 0.036795696 * 2

YTM = 0.073591392

YTM = 7.3591392%

YTM = 7.36%

6 0
3 years ago
Gloria's employer deducted 20 percent of her pay in the month of january due to personal problems he had with her. under the lil
Dafna11 [192]

180 days of the most recent paycheck reflecting the discrepancy.

4 0
3 years ago
Faith went to the grocery store to buy apples. if each apple cost $0.78, and she spent a total of $4.68, how many apples did fai
nirvana33 [79]

Faith bought 6 apples at $.78 each. She paid $4.68 for the apples.


Given : $.78 price for each apple

$4.68 the amount Faith spent for the apples.


$4.68 / $.78 = 6

4 0
3 years ago
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