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
mamaluj [8]
3 years ago
8

You need to have $32,000 in 14 years. You can earn an annual interest rate of 3 percent for the first 4 years, 3.6 percent for t

he next 3 years, and 4.3 percent for the final 7 years. How much do you have to deposit today
Business
1 answer:
melomori [17]3 years ago
3 0

Answer:

PV= 19,042.84

Explanation:

Giving the following information:

You need to have $32,000 in 14 years. You can earn an annual interest rate of 3 percent for the first 4 years, 3.6 percent for the next 3 years, and 4.3 percent for the final 7 years.

<u>To calculate the initial deposit, we need to use the following formula for each interest rate:</u>

<u></u>

PV= FV/(1+i)^n

<u>Last 7 years:</u>

PV= 32,000/(1.043^7)

PV= $23,831.96

<u>Year 4 - 7:</u>

PV= 23,831.96/1.036^(3)

PV= 21,432.88

<u>Finally, for year 0 to 4:</u>

PV= 21,432.88/ 1.03^(4)

PV= 19,042.84

You might be interested in
The average do-it-yourself bedroom makeover costs $475 with a standard deviation of $86 (fictional data). tanya redoes her daugh
irinina [24]
Given with $475 as the previous cost of the do-it-yourself bedroom makeover, $602 as the cost when she redoes her daughter's room, and $86 as the standard deviation. The percent of bedroom makeovers cost less than Tanya spent, that is rounded to two decimal places is 93.06%.
6 0
3 years ago
Let’s say you’re looking to increase the visibility of your company blog. What, in addition to SEO tactics, could you do to make
zhuklara [117]

Answer:

Addition of backlinks to your Blog

Explanation:

Addition of backlinks to your blog post is one way you can make it easy for people to organically find your previous published pages

Backlinks are links created and added to a webpage that links the website or webpage to another webpage or blog post. this links makes it easier for people navigating through a company's blog to find previously posted articles without having to search them all over again on the menu page.

3 0
3 years ago
During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $8,800; indirect labor, $6,600; utili
Klio2033 [76]

Answer:

Dr Factory Overhead $29,200

Cr Materials 8800

Cr Wages payable 6600 Cr Utilities Payable 4800

Cr Accumulated Depreciation-Factory 9000

Explanation:

Preparation of the entry to record the factory overhead incurred during May.

Dr Factory Overhead $29,200

($8,800 + $6,600 + $4,800 + $9,000)

Cr Materials 8800

Cr Wages payable 6600 Cr Utilities Payable 4800

Cr Accumulated Depreciation-Factory 9000

(To record the factory overhead incurred during May)

8 0
3 years ago
What is a tax refund?
Tatiana [17]

Answer:

A tax refund is essentially a payment to the taxpayer when the taxpayer pays more tax than they owe.

Explanation:

May I have brainliest please? :)

8 0
2 years ago
48. What is the economic process or activity of producing goods and
fgiga [73]

Answer:

O C. Production

Explanation:

Production is the organized activity of combining different materials (inputs) to make consumable goods and services. It is the process of converting resources to finished products and services for sale. Production occurs to meet the demand for the goods and services in the market.

Entrepreneurship involves the generation of an idea and transforming it into a profitable business. Factors of production are the inputs necessary for making goods and services. These factors of production (inputs) are the ingredients in the production process.

7 0
3 years ago
Other questions:
  • What occurs immediately after a boom in the business cycle?
    11·1 answer
  • Trade associations provide all of the following except
    12·1 answer
  • Suppose that for a particular firm the only variable input into the product process is labor and that output equals zero when no
    10·1 answer
  • Assume you run the central bank of a large open economy with floating exchange rates. Output, unemployment and inflation are whe
    12·1 answer
  • When a company tracks gross profit by department, the sales journal will..? Please help limited time!
    10·1 answer
  • Sunland Construction enters into a contract with a customer to build a warehouse for $890000 on March 30, 2021 with a performanc
    8·1 answer
  • An FI purchases at par value a $100,000 Treasury bond paying 10 percent interest with a 7.5 year duration. If interest rates ris
    11·1 answer
  • manufacturing costs for August when production was 1,000 units appear below: Direct material $12 per unit Direct labor $7,500 Va
    14·1 answer
  • Factorize the following algebraic expressions.<br>m²-64n⁴​
    10·1 answer
  • Keynes believed that the government should ________ to get the economy out of recession:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!