1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nadya68 [22]
3 years ago
7

Today, you invest a lump sum amount in an equity fund that provides an 8% annual return. You would like to have $11,700 in 6 yea

rs to help with a down payment for a home. How much do you need to deposit today to reach your $11,700 goal? Do not round intermediate calculations. Round your answer to the nearest cent.
Business
1 answer:
V125BC [204]3 years ago
8 0

Answer:

$7,372.99

Explanation:

Discounting is the method used to determine the present worth of a future amount which compounding is used to determine the future worth of a present amount. The relationship between both is such that;

Fv = Pv(1 + r)^n

where

Fv = future amount

Pv = present amount

r = interest rate and

n = time

The future amount = $11,700

time = 6 years

rate = 8%

$11,700 = Pv(1 + 0.08)^6

Pv = $11,700(1 + 0.08)^-6

Pv = $7,372.99

You need to deposit $7,372.99 today to reach your $11,700 goal in 6 years.

You might be interested in
Rowell Company spent $3 million two years ago to build a plant for a new product. It then decided not to go forward with the pro
ELEN [110]

Answer:

B. If the building could be sold, then the after-tax proceeds that would be generated by any such sale should be charged as a cost to any new project that would use it.

Explanation:

The proceeds from a potential sale are the opportunity cost of using the building for a given project instead of selling to a third party. Not including any cost will lead to project not recovering the entire capital used in it.

Is important to notice this is the after-tax proceeds from the sale of the building.

3 0
3 years ago
Companies should avoid answering complaints on product review sites, because they may appear incompetent.
blondinia [14]
False answering customer feedback can make the business seem more honest and appealing to consumers.
6 0
3 years ago
A state constructs an office building. The construction is financed with: (1) a transfer of $1 million from the General Fund; (2
Zolol [24]

Answer:

$8 million

Explanation:

There are total 4 sources involved.

But the government grants are reduced from the cost of the the project. It is not recorded as other financing sources.

Also the earnings from bond proceeds shall not be considered for the other financing sources, as that is mere use of income.

Use of general fund in these capital projects will account for such other financing sources.

Cash received from issue of bonds for this project will also account for such capital fund.

Thus, total other financing sources = $1 million + $7 million = $8 million

4 0
2 years ago
"Gathering information from potential customers in an effort to determine their preferences is an example of using statistics in
nadya68 [22]

Answer:

Marketing Research

Explanation:

Marketing Research

This is the process of investigating collecting , analyzing and interpreting informatiom about a market of a particular product or service to be rendered for sale in the market , and about the past, present and potential customers for the product or service; research into the characteristics, their spending habits, location and needs of your business's target market, the industry as a whole, and the competitors you face

Accurate information about your customers needs will ensure the sales of your product and service.

4 0
3 years ago
money that’s irretrievably gone and instead to focus on the marginal costs and benefits of future options.
dimaraw [331]

Sunk charges are to forget approximately the money and time that is irretrievably long past and rather attention to the marginal cost and blessings of contemporary and future options. cash that’s irretrievably gone and instead to consciousness at the marginal costs and benefits of destiny options.

Marginal cost is the brought value to provide an additional nicely. for example, say that to make 100 automobile tires, charges $a hundred. To make one extra tire might fee $eighty. this is then the marginal fee: how an awful lot it fees to create one additional unit of a great or carrier. The fees of manufacturing decide the marginal price.

Marginal cost refers to the extra cost to produce each additional unit. for example, it might cost $10 to make 10 cups of coffee. To make another would value $0.80. therefore, this is the marginal value – the extra fee to provide one extra unit of output.

Marginal cost represents the incremental costs incurred while producing extra units of a good or service. it's miles calculated by taking the entire alternate inside the value of producing extra items and dividing that through the trade inside the number of products produced.

Learn more about Marginal cost here:

brainly.com/question/12231343

#SPJ4

8 0
1 year ago
Other questions:
  • Why​ isn't elasticity just measured by the slope of the demand​ curve?
    15·1 answer
  • Tidewater Distributors is successfully using short-term financing to buy inventory for resale. As sales climb, the managers real
    7·2 answers
  • What happens to someone's property if they do not pay their taxes​
    15·2 answers
  • First question, please help. My teacher is super mad rn, need to finish dis.
    10·1 answer
  • Biometrics (retinal scans, fingerprints, and the like) are mainly used for ____ by large security-minded entities such as bankin
    12·1 answer
  • According to the U.S. Department of Labor Statistics, _____ is the industry earning the highest average annual wage in 2009.
    9·2 answers
  • Technical Performance Measures should be selected for those parameters that: [Use Technical Performance Measures to track progre
    8·1 answer
  • Nment
    7·2 answers
  • Zachary Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company Never-Fail,
    8·1 answer
  • Based on the constant demand assumption in the economic order quantity (EOQ) model, the average cycle inventory is: Question 20
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!