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makvit [3.9K]
3 years ago
6

Ted owns a small florist shop. Since his business is booming, his realizes he will soon need one more delivery van. He decides h

e will purchase a full size van versus a minivan, which he currently owns. The van he is looking to buy in 3 years will cost him $40,000. How much should he invest each quarter into an account that pays 7% per year compounded quarterly, so that he can have the desired funds in 7 years?
Business
1 answer:
Kisachek [45]3 years ago
4 0

Answer:

He must deposit $1,119.26 per quarter for 7 years.

Explanation:

Giving the following information:

Future value= $40,000

Number of years= 7

Interest rate= 7% compounded quarterly.

First, we need to determine the real interest rate:

Real interest rate= 0.07/4= 0.0175

Now, using the following formula, we can calculate the investment required quarterly:

FV= {A*[(1+i)^n-1]}/i

A= deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (40,000*0.0175) / [(1.0175^28)-1]

A= $1,119.26

He must deposit $1,119.26 per quarter for 7 years.

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jeka57 [31]

Answer:

$4

Explanation:

Given that

Sale value of quarter-pound of meat = $2

And, the sale value that arises from the meat = $4

So, the value that included in the GDP i.e Gross domestic product is $4 as it reflects the final price of the hamburger rather than the value that is to be intermediate i.e $2 as it shows a quarter pound of meat

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7 0
3 years ago
or due to his success at his current company in getting several new patents. This is an example of ________ capital.
Ket [755]

Complete Question:

Cesar was being recruited by a competitor due to his success at his current company in getting several new patents. This is an example of ________ capital.

Group of answer choices

A) social

B) customer

C) human

D) intellectual

E) financial

Answer:

D) intellectual

Explanation:

In this scenario, Cesar was being recruited by a competitor due to his success at his current company in getting several new patents. Therefore, this is an example of intellectual capital because he was recruited based on his intangible assets which made him excel or succeed.

An intellectual capital can be defined as the value or intangible assets such as skills, copyright, trademarks, experience, patents, knowledge provided by the employees working in an organization and thus, giving the organization a competitive advantage over their rivals in the same industry, as well as earn more profits, increase their customer base and creation of quality products.

5 0
2 years ago
Jeremy is working on a spreadsheet. Which part of the information processing cycle will justify Jeremy's use of the spreadsheet
Tom [10]

Answer:

A

Explanation:

if its wrong than forsure d

7 0
3 years ago
20% of students in a class go to professor during office hours. of those who go 30% seek minor clarification. 70% seek major cla
aksik [14]

a. The probability that a student goes to seek for minor clarification from the professor during office hours = 6%.

b. The probability that a student goes to the professor for major clarification = 14%.

Data and Calculations:

Percentage of students in the class who go to the professor to seek clarifications = 20% (a)

Percentage of students in the class who do not go to the professor to seek clarifications = 80% (100% - 20%) (b)

Percentage of (a) who seek minor clarification = 30%

Percentage of (a) who seek major clarification = 70%

Probability of (a) seeking minor clarification = 6% (20% x 30%)

Probability of (a) seeking major clarification = 14% (20% x 70%)

Thus, the probability of students seeking minor clarification is 6% while the probability of students seeking major clarification is 14%.

Learn more about probability at brainly.com/question/13604758

8 0
2 years ago
The difference between a financial aid package and total cost of collage can be made up by ______.
Gennadij [26K]
Personal savings and student loans
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2 years ago
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