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Inessa [10]
3 years ago
15

The parents of a young child decide to make annual deposits into a college savings account. The first deposit will be made on he

r 5th birthday and the last deposit will be made on her 15th birthday. Then starting on her 18th birthday, withdrawals for college expenses will be made as follows: $20,000 on her 18th birthday, $24,000 on her 19th birthday, $28,000 on her 20th birthday, and $32,000 on her 21st birthday. If the yearly interest rate is 10%, during this entire period of time, what is the amount of the equal, annual deposits made on birthdays 5 through 15
Business
1 answer:
Gnom [1K]3 years ago
5 0

Answer:

The amount of the equal, annual deposits made on birthdays 5 through 15 is $3,970.58

Explanation:

First, let's calculate the present value of the college expenses on her 17th birthday (a year before college) using NPV formula

NPV(9%, 20000...32000) = $82,839.69

Now, its value on 15th birthday should be equal to 82,839.69 / (1 + 9%)² = $69,724.51

Using the PMT formula, we can calculate the annual amount they have to invest for 11 years to get to this sum at 9% annual rate

PMT(rate = 9%, nper = 11, pv = 0, fv = 69,724.51, 0) = $3,970.58

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Contact [7]

Answer: Stockholders have the right to elect the firm's directors, who in turn select the officers who manage the business. If stockholders are dissatisfied with management's performance, an outside group may ask the stockholders to vote for it in an effort to take control of the business. This action is called a tender offer.

Explanation:

Tender offer refers to a bid to buy the stock of a shareholder in a corporation. These are usually made public and the shareholders are invited to sell their shares at a given price and a particular period of time.

The statement that "Stockholders have the right to elect the firm's directors, who in turn select the officers who manage the business. If stockholders are dissatisfied with management's performance, an outside group may ask the stockholders to vote for it in an effort to take control of the business. This action is called a tender offer" is incorrect.

Even though the stockholders can vote and choose the board of directors, the information given in tender offer is wrong.

6 0
3 years ago
Please please please help me please I don’t know how to do it please help me
Brilliant_brown [7]

Answer:

11) 9 cantaloupes

The answer would be 9 because three cantaloupes cost 7 dollars. And 7 times 3 equals 21. Then we would need to multiply the three cantaloupes by three to get the total amount if she has 21 dollars.

12) 20 Dirhams

The answer would be 20 Dirhams because 4 of them would cost 1 dollar. And if we add 4 more dollars it would equal 5. hen we would need to multiply 4 five times to get the total amount of Dirhams with the exchange of 5 dollars.

13) 8 Bunches of fennel

The answer would be 8 bunches of fennel because it cost 9 dollars for one bunch. And if we multiply it by two then we will get 18. Then if we get 18 we will need to multiply the four bunches by 2 since one bunch cost 9 dollars and two bunches cost 18.

14) Two fruit baskets

The answer would be 2 fruit baskets because if we were to buy on fruit basket it would cost 30 dollars. And we we would buy two it would cost 60 because 30 times 2 is 60.

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If I divide 121.10 by 3 then I would get 40.36... Then I would round the number to the nearest tenth and get 40 pesos.

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8 0
4 years ago
"Nancy works for a nonprofit organization in which she reports directly to the area director, who reports directly to the distri
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Answer:

flat divisional structure

Explanation:

Generally organizations can be structured in three different ways:

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In this case, Nancy reports to an area director ⇒ district director ⇒ CEO

Since the number of layers between Nancy and the CEO (top management) are rather few, we can assume that this is a flat organization, with very few hierarchical levels. On the other hand, tall organizations have many levels, filled with supervisors and middle managers.

6 0
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maria [59]

Answer:

Explanation below

Explanation:

Workplace diversity can be attained when people from different races, ethnic groups, ages, languages, nationalities, gender and religions are well represented within the company.

Diversity benefits the company in different ways.

When it comes to the marketing of company products and services, a diverse workforce can be able to build trust in the company’s brand with a diverse market they are targeting.

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Answer:

The correct answer is option b.

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