If you live in an area where the cost of living is increasing, the area you live in is likely experiencing:

Your child is planning attend summer camp for 3 months, starting 12 months from now. The cost for camp is $2,676 per month, each

Vinil7 [7]

Answer:

Monthly deposit= $2,625.16

Explanation:

Giving the following information:

Total cost= 2,676*3= $8,028

Monthly interest rate0 0.023/12= 0.00192

First, we need to calculate the nominal value required at the end of the third month:

PV= FV / (1 + i)^n

FV= 8,028

i= 0.00192

n= 9 months

PV= 8,028 / (1.00192^9)

PV= $7,890.6

Now, the monthly investment to reach $7,890.6:

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

A= monthly deposit

Isolating A:

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

A= (7,890.6*0.00192) / [(1.00192^3) - 1]

A= $2,625.16

5 0

2 years ago

Robert G. Flanders Jr., the state-appointed receiver for Central Falls, RI, said his city's declaration of bankruptcy had proved

valentinak56 [21]

Answer:

False

Explanation:

Missing question: The ability to declare bankruptcy increased the disagreement value of the city during negotiation with the unions

Alternatives available to an agreement determine the terms of an agreement. If bankruptcy is been declared in a situation where the cities can manipulate and evade much of their pension obligations owed to unions, such scenarios gives the city a much better alternative, if the favorable agreement with the city's unions and retirees emerge.

7 0

3 years ago

If a market is semistrong-form efficient, this implies that above-average returns cannot be achieved by analyzing publicly avail

Shkiper50 [21]

Answer:True

Explanation:

6 0

3 years ago

. Jeff works as a computer repair technician. He has money in a savings account and he owns some stock. What types of income doe

Alex17521 [72]

I think the correct answer from the choices listed above is the last option. He earns a salary from his work, interest on his savings account, and dividends on his stock holdings. Hope this answers the question. Have a nice day.

5 0

3 years ago

Carly Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost is $9

ahrayia [7]

Answer:

Straight line method rate = 1/ Number of years * 100 = 1/25*100 = 4%

Double declining balance depreciation = 2*Straight line method rate*Book value

First Year depreciation = 8%*$960,000

First Year depreciation = $76,800

Second year depreciation = 8% * (Book Value as on 1st year - First Year depreciation)

Second year depreciation = 8%*($960,000-$76,800)

Second year depreciation = 8%*$883,200

Second year depreciation = $70,656

4 0

2 years ago