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3 years ago

WILL MARK BRAINLIEST!!!!! PLZ HELP ASAP!!!!!

1 answer:

4 0

Answer: Direct deposit is a payment option where your funds are electronically transferred to your checking or savings account through any way of technology. This can help the payee receive the payment(s) faster and avoid dealing with physical checks. In many cases, direct deposit means your payroll checks are immediately deposited into your account.

Explanation: Explanation's up there, what is there to explain

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Your daughter will start college one year from today, at which time the first tuition payment of \$58,000$58,000 must be made. A

Ierofanga [76]

Answer: I'll need $2,14,309.02 in my savings account in order to make tuition payments over the next four years.

We follow these steps in order to arrive at the answer:

In this question, we need to take into account that we need to pay 35% as taxes on interest earned.

So even though the interest rate on the deposit is 5%, only $1 - 35% = 65%$ will be available for use.

Hence, effectively the deposit will only earn $0.05*0.65 = 0.0325\\$ or 3.25% interest after taxes.

We'll compute the the Present Value of the annuity of 58,000 for four years at 3.25% interest in order to determine the amount that is needed today.

The Present Value of an Annuity formula is

$\mathbf{PV_{Annuity}= PMT\left ( \frac{1 -(1+r)^{-n}}{r} \right )}$

Substituting the values in the equation above we get,

$PV_{Annuity}= 58,000\left (\frac{1 -(1.0325)^{-4}}{0.0325} \right )$

$PV_{Annuity}= 58,000\left (\frac{ 0.12008695 }{0.0325} \right )$

$\mathbf{PV_{Annuity}= 58,000 * 3.69 = 2,14,309.02}$

3 0

3 years ago

Qucation

RUDIKE [14]

As a result of the record amount of grapes, the equilibrium price decreases while the equilibrium quantity increases. Please find attached the required graph.

<h3>What is the impact of the record amount of grapes?</h3>

If there is a record amount of grapes produced, the amount of wine produced would increase. This is because grapes are an input used in the production of wine.

As a result, the supply of wine would increase. This would lead to a shift to the right of the supply curve for wine. the equilibrium price decreases while the equilibrium quantity increases.

To learn more about supply curves, please check: brainly.com/question/26073189

3 0

2 years ago

An emerging market is?

aivan3 [116]

Answer:

a market located in an economy with low to middle per capita income.

<h3><u>PLEASE</u><u> MARK</u><u> ME</u><u> BRAINLIEST</u><u>.</u></h3>

8 0

3 years ago

What are the four invoices used in foreign trade?

amid [387]

Answer:

<h3>BILLS OF LADING / AIRWAY BILL. MARINE INSURANCE POLICY AND CERTIFICATE. BILLS OF EXCHANGE.</h3>

6 0

3 years ago

A Qdoba and a Baja Fresh both close down. They were both very near by a Chipotle. Now that Qdoba and Baja Fresh are gone, what d

Kitty [74]

Answer:

They were not allowed in advance of this investigation

7 0

4 years ago