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sleet_krkn [62]
4 years ago
6

Jim Roznowski wants to invest some money now to buy a new tractor in the future. If he wants to have ​$350 comma 000 available i

n 6 ​years, how much does he need to invest now in a CD paying 4.35​% interest compounded monthly​?
Business
1 answer:
lidiya [134]4 years ago
8 0

Answer:

$269,725.58

Explanation:

The computation of the invested now amount i.e present value is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

where,

Future value is $350,000

Interest rate = 4.35% ÷ 12 months = 0.3625%

Number of years = 6 × 12 months = 72 months

So, the present value is

$350,000 = Present value × (1 + 0.3625%)^72

$350,000 = Present value × 1.2976151473

So, the present value is $269,725.58

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Describe a communication situation with all the elements of communication​
Mariana [72]

Explanation:

Simply, we can define communication as “sharing of ideas or feelings with others.” Communication takes places when one person transmits information and understanding to another person. There is a communication when you respond or listen to someone. Movements of lips, the wave of hands or the wink of an eye may convey more meaning than even written or spoken words. The basic elements of communication process include communicator, communicatee, message, channel and feedback.

- Communicator is the sender, speaker, issuer or writer, who intends to express or send out a message.

- Communicatee is the receiver of the message for whom the communication is meant. The communicatee receives the information, order or message.

- Message, which is also known as the subject matter of this process, i.e., the content of the letter, speech, order, information, idea, or suggestion.

- Communication channel or the media through which the sender passes the information and understanding to the receiver. It acts as a connection between the communicator and the communicatee, i.e., the levels of communication or relationships that exist between different individuals or departments of an organization.

- Feedback, which is essential to make communication, a successful one. It is the effect, reply or reaction of the information transmitted to the communicatee.

Firstly, the communicator develops an exact idea about concepts, beliefs or data that he wants to convey. Then he translates the idea into words, symbols or some other form of message which he expects the receiver to understand. The communicator picks out an appropriate medium for transmitting the message. The message is then received by the communicate. The communicate acts upon the message as he has understood it. Finally, the effectualness of communication is assessed through response or feedback. If the communication brings in the desired changes in the actions, it is said to be successful communication.

Hope It Helps Pls Mark BranLiest

8 0
3 years ago
You were left $100,000 in a trust fund set up by your grandfather. The fund pays 6.5% interest. You must spend the money on your
pickupchik [31]

Answer:

The answer is 27,408.71

Explanation:

Solution

Recall that:

You were left with a trust fund of =$100,00

Interest rate = 6.5%

Money with drawled = 4 installments

Now,

The step to take is to find you could withdraw currently at the start of each of the next 3 years with a zero account to end up with.

Now,

100, 00 = X (1 - (1.065)^-4/.065/1.065

We now solve for X

Thus

X =7,408.71

By applying or using a financial calculator

We arrange it to an annuity due setting - [2nd] [BGN] then [2nd] [Set] this will set it to mode "BGN"

So,

N = 4

I/Y = 6.5

PV = -100,000

FV = 0

CPT PMT

The payments are known to to be 27,408.71

Note : Kindly find an attached copy of the Financial calculator below

3 0
3 years ago
Read 2 more answers
Which of the following accounting concepts states that an accounting transaction should be supported by sufficient evidence to a
pshichka [43]

Answer:

The correct answer is the option C: Verifiability.

Explanation:

To begin with, the accounting concept of <em>"Verifiability"</em> indicates that the accounts of a company are verifiable in the cases when those accounts are reproducible so that indicates that given the same data and assumpitions it is understandable that an independent accountant can produce the same result the company actually did. Therefore that the verifiability is the concept that states that an accounting transaction should be supported by sufficient evidence to allow two or more qualified accountants to arrive at similar measures as it said before.

8 0
4 years ago
Which activity does economics primarily study?
SashulF [63]

Answer:

c. best utilization of scarce resources

Explanation:

Economics is the study of how society uses its scarce resources to meet the insatiable needs of its members. Resources are the inputs that a county uses to produce goods and services. They are the four factors of production.

Human needs are unlimited and cannot be satisfied with the available scarce resources, necessitating human beings to make choices. Economics will involve analyzing production decisions amidst limited resources. It also analyses how the goods produced are distributed to satisfy the different needs and wants of its members.

3 0
3 years ago
Which of the time periods below corresponds to a recession? A. 1931 - 1935 B. 1931 - 1934 C. 1933 - 1936 D. 1937 - 1939
ehidna [41]

Answer:

Time period corresponds to recession is D. 1937-1939

Step-by-step explaination:

Recession period is the period in which there is negative growth in stock market i.e that period in which the graph declines or accompanied by drop.

In the given interval 1931-1935 upto period 1933 the graph declines but after that it increases so it does not corresponds to recession period.

In the given interval 1931-1934, same reason as above.

In given interval 1933-1936, the graph goes to upward direction so it does not corresponds to recession period.

In the given interval 1937-1939,the graph declines upto 1939 so it corresponds to recession period.

4 0
3 years ago
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