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Yuliya22 [10]
4 years ago
7

Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to s

ave $1,410 every year and plans to renovate her kitchen. She deposits the money in her savings account at the end of each year and earns 5% annual interest. Katie’s savings are an example of an annuity. If Katie decides to renovate her kitchen, how much would she have in her savings account at the end of eight years? $13,464.24 $14,137.46 $11,444.60 $9,113.13
Business
1 answer:
Orlov [11]4 years ago
4 0

Answer:

The c orrect answer is A.

Explanation:

Giving the following information:

Annual deposit= 1,410

Annual interest rate= 5%

Number of years= 8 years

To calculate the future value of her investment, we need to use the following formula:

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

A= annual deposit

FV= {1,410*[(1.05^8)-1]}/ 0.05

FV= $13,464.24

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Paul makes an offer to lynn in a written purchase order, saying nothing about how her acceptance should be sent. lynn indicates
nignag [31]

Lynn’s acceptance is effective when she decides to accept. By the time she decided to accept the offer, there was already meeting of the minds between Paul and Lynn. Therefore, the acceptance of Lynn is effective from the time she decided to herself that she would accept the offer regardless of the time when the acceptance was received by the other party.

4 0
4 years ago
Your firm is considering implementing a CRM system to track and access information about its clients. You are responsible for pr
KIM [24]

Answer:

topical

Explanation:

Topical organizational Method;

This pattern is the most commonly used format, and will typically work when the other patterns do not. A topical pattern arranges information according to different sub-topics within a larger topic, or the "types" of things that fall within a larger category. Using this pattern, each "type" represents a main section of information.

Take the below as an example or format for topical organixational approach;

I. Red Wines

A. European

  1.      

B. Californian

  1.          

II. White Wines

A. European

B. Californian

4 0
3 years ago
Based on the concept of service blueprinting, what is the "line of visibility?" select one:
Katena32 [7]

The "line of visibility?" is:

c. a metaphoric divide between the parts of a service that a guest sees and what they do not see.

It basically is a line that separates front stage and back stage actions.

3 0
3 years ago
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually.
aleksley [76]

Answer:

a) Future Value = $530

b) Future Value = $561.8

c) Present Value =$566.037

d) Present Value =$533.99

Explanation:

FV = PV × (1+r)^n

FV -future Value , r- interest rate,n- number of years , PV-present Value

FV = 500 ×(1.06)^1 =

Future Value = $530

b

FV = 500 × 1.06^2 =

Future Value = $561.8

c) Present Value

PV = FV × (1+r)^(-n)

PV =  600 ×1.06^(-1)=566.037

Present Value =$566.037

d)

PV = FV × (1+r)^(-n)

FV -future Value , r- interest rate,n- number of years , PV-present Value

PV =  600 ×1.06^(-2) = 533.99

Present Value =$533.99

a) Future Value = $530

b) Future Value = $561.8

c) Present Value =$566.037

d) Present Value =$533.99

3 0
3 years ago
Determine whether each of the following goods is a private good, a public good, a common resource, or a club good. Private Good
LuckyWell [14K]

Answer:

The correct answers are:

A) Common resource

B) Private good

C) Public good

Explanation:

A) Common resources are natural sources, goods or services that provide tangible benefits. In the example, even if the treadmill is inside a fitness room that is open to the public, it is not a public good itself because the treadmill can be used only once at the time.

B) Private goods are those that someone can claim for ownership. In the case, the new drone is only being lent by one person so the others take turns to use it but, it belongs to that very same person.

C) Public goods can be consumed by an individual without the need of taking away others the possibility of using them at the same time. The clock in the park can be freely used by anybody -at any moment- who is around that place.

7 0
4 years ago
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