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
cricket20 [7]
2 years ago
12

Travis International has a one-time expense of $2.86 million that must be paid three years from now. Since the firm cannot raise

that amount in one day, it wants to save an equal amount each month over the next three years to fund this expense. If the firm can earn 2.1 percent on its savings, how much must it save each month?
A) $91 ,300.05

B) $73,901.15

C) $77,037.69

D) $87,411.08

E) $78.416.20
Business
1 answer:
zlopas [31]2 years ago
8 0

Answer:

monthly saving  = $77037.69

Explanation:

given data

expense = $2.86 million

earn on saving = 2.1 percent

to find out

how much must it save each month

solution

we find here monthly saving  by formula that is

monthly saving  = future value ÷ \frac{(1+r)^{nt}-1}{r}      .................1

here r is monthly rate that is \frac{2.1}{12} = 0.175% and n is 12 and time is 3 year

so put here value we get

monthly saving  = 2860000 ÷ \frac{(1+0.00175)^{36}-1}{0.00175}    

monthly saving  = $77037.69

You might be interested in
Under common law, most property issues can be settled by who has a good title. Explain why such traditional characteristics of p
Rom4ik [11]

Answer:

Traditional characteristics of property ownership, such as transfer, risk of loss, insurable interest, and right to encumber are "broken up" and subject to varying tests under the UCC to help create boundaries.

Explanation:

the Uniform Commercial Code (UCC), a standardized collection of guidelines that govern the law of commercial transactions.

Real estate ownership carries with it a complex set of rights, and the bundle of rights concept has traditionally been the way in which those rights are described and summarized.

Traditional characteristics of property ownership, such as transfer, risk of loss, insurable interest, and right to encumber are "broken up" and subject to varying tests under the UCC to help create boundaries and limits to control in other to avoid excesses.

6 0
3 years ago
How did the constitution differ from the articles of confederation? Match the correct document on the left to each of the featur
Bumek [7]

How the constitution differs from the Articles of the Confederation.

The Constitution of the United States was created on September 7, 1787, and ratified on June 21, 1788. It is the present constitution of the United States, although it has been amended many times.

The Articles of Confederation were the first introduced constitution of the United States. It was created on November 15, 1777, and ratified on March 1, 1781.

<h2>Further Explanation</h2>

The Constitution of the United State operates the bicameral legislature, which consists of the senate and the House of Representatives. It is also known as CONGRESS. There are up to 2 senators from each state and the numbers of representatives depend on the actual population of each state. Members of Congress are elected by the people and the voting in congress is one vote per one representative. There is also an executive arm of government headed by the PRESIDENT.

The Articles of Confederation operates unicameral legislature, also known as the CONGRESS. There are 2 to 7 members that represent each state. The voting pattern in congress is one vote per state and the members of congress are appointed by the state legislators. The executive arm of government is not recognized in the articles of the confederation.  

LEARN MORE:

  • What is a constitution brainly.com/question/13355538
  • the Articles of Confederation brainly.com/question/2786803

KEYWORDS:

  • articles of the confederation
  • constitutions
  • united states
  • president
  • executives
  • legislators
  • bicameral
  • unicameral
5 0
2 years ago
Read 2 more answers
If the economy booms, Meyer&amp;Co. stock will have a return of 20.4 percent. If the economy goes into a recession, the stock wi
Mnenie [13.5K]

Answer:

The standard deviation of the returns on the stock is 15.56%(Approx).

Explanation:

Expected Return=Respective return*Respective probability

=(20.4*0.67)+(-12.7*0.33)=9.477%

probability Return probability*(Return-Expected Return)^2

0.67          20.4 0.67*(20.4-9.477)^2=79.93899243

0.33          -12.7 0.33*(-12.7-9.477)^2=162.3003786

Total=242.239371%

Standard deviation=[Total probability*(Return-Expected Return)^2/Total probability]^(1/2)

=15.56%(Approx).

4 0
3 years ago
The_______of the strategic sourcing process, which is sometimes kicked off in response to an entirely new need within an organiz
VladimirAG [237]

The supply chain Management of the strategic sourcing process is sometimes kicked off in response to an entirely new need within an organization.

Explanation:

The main purpose of strategic sourcing is to save money, acquisition process, supplier performance, and minimizing risk.

Based on the seven steps the strategic source processing is performed. They are profile the category means that it defines the categories and commodities in it.

The second step is supply market analysis describes about the cost components of the products or service. Develop the strategy is the next step in which decides where to buy while minimizing risk and cost and how to develop sourcing strategy. The next step is selecting source process which is used as a request for proposal process.

Then negotiate and selection suppliers is used to conduct multiple rounds of negotiation to get a shortlist.

The sixth step is implement and integrate are used for implementation process. The final step is benchmark and track results is the key element for sourcing process.

5 0
2 years ago
People pursue _____________ projects in the market and ____________ projects in government.
Bingel [31]
A. Their own, their own
Is the answer
4 0
3 years ago
Other questions:
  • For a monopolistically competitive​ firm, marginal revenue A.is greater than the price.B.equals the price.C.is less than the pri
    13·1 answer
  • A subcontractor is responsible for outfitting six satellites that will be used for solar research. Four of the six have been com
    14·1 answer
  • A paper mill releases chemicals into a river. There is one town downstream that uses the water. For every unit of chemicals rele
    8·1 answer
  • Which of the following is true?
    8·2 answers
  • Sawchuck Consulting has been profitable for the last 5 years, but it has never paid a dividend. Management has indicated that it
    12·2 answers
  • 3. What role did CDS play in the financial crisis?
    7·1 answer
  • Bissell Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan asset
    8·1 answer
  • Where can I watch jersey shore for free
    7·1 answer
  • Give me suggestions on how to enhance labor market processes
    9·1 answer
  • Disadvantages of the matrix organization structure are efficient use of resources because of ease of access efficient communicat
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!