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
alisha [4.7K]
4 years ago
14

You receive a ​$5 comma 000 check from your grandparents for graduation. You decide to save it toward a down payment on a house.

You invest it earning 7​% per year and you think you will need to have ​$10 comma 000 saved for the down payment. How long will it be before the ​$5 comma 000 has grown to ​$10 comma 000 ​?

Business
1 answer:
aleksandrvk [35]4 years ago
4 0

Answer:

10.24 years      

Explanation:

For this question we use the NPER function that is shown on the attachment. Kindly find it below:

Data provided in the question

Present value = $5,000

Future value = $10,000

Rate of interest = 7%

PMT = $0

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the answer would be 10.24 years

   

You might be interested in
The Artisan Cheese Company in Florida has decided to add a new line of imported cheeses to its offering. The company president (
KonstantinChe [14]

Answer:

Cheeses from England.

Explanation:

First, let us define what Marketing Mix is:

  • This refers to the number of strategies a company employs to promote its goods and services in the market. The four Ps of the marketing mix include Product, Price, Place and Promotion.

The goal of a marketing strategy is to create awareness among the target audience.

Feedback and surveys are ways in which a company informs its marketing mix strategy. Therefore, if it has been determined from the customer feedback from company surveys and cheese tasting that the Product the customers prefer is Cheese from England, then that is what should be produced and promoted.

It cannot be over emphasized that companies are in business because of the customers, so their opinion takes precedence, as the saying goes, customer is always right. Therefore, if the need of the customer is not met, the company will make no profits.

The company president and product director will have to do what the customer wants.

4 0
3 years ago
Walter reached age 70 1/2 in September of 2018. By what date is he required to begin taking the RMD from his traditional IRA?A.
harina [27]

Answer: A. December 31, 2018

Explanation: RMD also known as required minimum distribution is a withdrawal one has to take from his or her retirement plan once he or she attains the age of 70and a half years old.

According to IRAs, once a person attains the age of 70.5 which is six months after the person's 70th birthday, the individual is entitled to take his or her RMD by the 31st of December following his or her 70.5 birthday.

According to the above question, Walter is entitled to take his RMD on the 31st of Dec, 2018.

3 0
3 years ago
Discuss why South Africa as a country has a scarcity of skilled workers, and how this can be changed more especially in terms of
FromTheMoon [43]

South Africa, as a country still experiences a scarcity of skilled workers.  This should not be, given the country's population size.

<h3>What is the scarcity of skilled workers?</h3>

The scarcity of skilled workers means that South African companies cannot attract the manpower they need to power the South African industry and economy.

However, this scarcity can become a thing of the past if many more South African companies can start investing in the education sector by giving out scholarships, grants, and endowing academic chairs in the universities.

This was how the economy of the United States was enabled to flourish until today.  South African companies can emulate their footsteps.

Thus, South Africa, given its enormous population, has no business experiencing a scarcity of skilled workers.

Learn more about the scarcity of skilled workers at brainly.com/question/1787954

5 0
2 years ago
A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 3
exis [7]

Answer:

C. a retail communication

Explanation:

FINRA is a non governement corporation that enable investor or firm to participate in the market by safeguarding their rights. It has been divided into two category:

  • correspondence
  • retail communication.

Correspondence: It is a communication to 25 or less existing client or prospective clients. Under correspondence, Institutional communication and public appearances are not subject to pre principal approval.

Retail communication: It is communication to more than 25 existing client or prospective client, excluding institutional communication and public appearance.

In the given case, It is a communication to 30 retail clients, therefore is a retail communication

5 0
4 years ago
Sierra owns a small business and handles many responsibilities, from logistics to marketing. She's seen a lot of success with Go
shutvik [7]

Answer:

A Smart Display campaign

Explanation:

A Smart Display campaign utilize Artificial Intelligence to automate and optimize the user's targeting and bidding process.

This campaign will target the internet users based on their past activities and presented your ads to the people with the highest likelihood of conversion.

By running this campaign, Sierra does not have to manually target where she should show her advertisement. The program will automatically select it while Serra can focus her time doing other tasks.

3 0
3 years ago
Other questions:
  • you are about to buy two pairs of shoes. You have the option of getting a 40% discount on the second pair of shoes or getting a
    11·2 answers
  • Ethics training programs typically teach how to disguise unethical behavior and not how to avoid unethical behavior.
    7·1 answer
  • The SP Corporation makes 40,000 motors to be used in the production of its sewing machines. The average cost per motor at this l
    8·1 answer
  • Complete the sentence. "When a market failure arises because marginal social benefit exceeds the ability and willingness to​ pay
    10·1 answer
  • Jon is training Lee, a recent graduate who joined the marketing department. Their topic of discussion is multidimensional scalin
    15·1 answer
  • Your friend Scotty informs you that in 2019 he received a tax-free reimbursement of some medical expenses he paid in 2018. Which
    10·1 answer
  • Most of the farmers' tomato crops have been killed by insects. What will probably happen to the cost of
    9·1 answer
  • A farmer in Germany can use his land to produce corn or wheat. Suppose he can produce 1 million bushels of corn if it devotes al
    13·1 answer
  • the starting point for preparing the operating activities section using the indirect method is ______.
    10·1 answer
  • GDP per capita in Kazakhstan has increased greatly in the twenty-first century as a result of the nation's: Group of answer choi
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!