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wolverine [178]
3 years ago
11

Beginning three months from now, you want to be able to withdraw $2,800 each quarter from your bank account to cover college exp

enses over the next four years. If the account pays .50 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years
Business
1 answer:
mr Goodwill [35]3 years ago
4 0

Answer:

You will need to have $ 55,006.94

Explanation:

We need first to consider the following details according to the problem

We have a Annuity amount of $ 2900, a Rate(r)= 0.51%, and a Time(n)= 5 years (or 20 quarters ) .

To reach to the money that we would need to have in the bank today to meet the expense over the next four years we use the following formula:

PVA= annuity amount × [1 - (1 / (1 + r)n)] / r

PVA= $ 2900 x[ 1-{ 1/(1+0.0051)20)]/0.0051

PVA= $ 55,006.94

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Wood Dreams makes hand crafted furniture in its retail stores. The furniture maker has recently installed a new assembly process
Sophie [7]

Answer: 204.76%

Explanation:

In the earlier scenario, furniture maker manufactured 47 (42 non defective) pieces per 5 laborers working 8 hours day.

Thus, the productivity in terms of units per labor hour is as follows:

= \frac{42}{8\times5}

= 1.05

Similarly, after the process improvement, the productivity in units per labor hour would be:

= \frac{128}{8\times5}

= 3.2

Thus change in productivity would be calculated as:

=\frac{3.2-1.05}{1.05}\times100

= 2.047 × 100

= 204.76%

Thus, the productivity of non defective parts would increase by 204.76%.

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3 years ago
Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the eco
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Answer:

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3 years ago
The level at which individual is viewed by Society is called​
tatiyna

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Explanation:

I hope this helps and pls mark me brainliest :)

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3 years ago
Rosalina has recently been passed over for a promotion. This is the third time it has happened despite excellent performance rev
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7 0
3 years ago
On July 1, 2017, Lopez Company paid $2,600 for six months of insurance coverage. No adjustments have been made to the Prepaid In
MAVERICK [17]

Answer:

a.

Date                          Account Title                                       Debit           Credit

Dec. 31, 2017           Insurance expense                          $2,600

                                 Prepaid insurance                                                 $2,600

b.

Date                          Account Title                                       Debit           Credit

Dec. 31, 2017           Supplies Expense                               $9,700

                                  Supplies                                                                 $9,700

<u>Working</u>

Supplies = Beginning balance + Purchases - Closing balance

= 7,800 + 3,400 - 1,500

= $9,700

5 0
3 years ago
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