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
ludmilkaskok [199]
3 years ago
15

n an attempt to have funds for a down payment in five years, James Dupont plans to save $3,800 a year for the next five years. W

ith an interest rate of 4 percent, what amount will James have available for a down payment after the five years? Use Exhibit 1-B. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.)

Business
1 answer:
Galina-37 [17]3 years ago
6 0

Answer:

$20,582.03

Explanation:

For this question, we have to determine the future value that is shown on the attachment. Kindly find it below:

Data provided in the question

NPER = 5 years

PMT = $3,800

Rate of interest = 4%

PV = $0

The formula is shown below:

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

So, after solving this, the future value is $20,582.03

You might be interested in
What percent of the US population participated in volunteer action in 2008?
Sever21 [200]

Answer:

c. 26.4

Explanation:

I just took the test

5 0
3 years ago
Fill in the blanks below. Possible options are given in the parentheses after each blank. If American households and firms expec
Andrews [41]

Answer:

Expectation of worse economic condition means it is experiencing recession which expected to become worse in near future. The Fed tends to increase the money supply to induce investment, which bring increase in demand and lead to an increase in real GDP.

The Federal Reserve could try to reduce the impact by <u>buying</u> bonds. This action will result in a <u>higher</u> level of money supply and a <u>lower</u> level of interest rate. The effect of this interest rate change is that there will be <u>more</u> investment and <u>increased</u> real GDP.

5 0
2 years ago
Mention the works of guide<br>​
andre [41]

Answer: ?

Explanation:

4 0
3 years ago
Myra, a new branch manager, shares her personal story of how she came into the profession, her family life, and the challenges s
lesya692 [45]

Answer:

This question is incomplete, it misses the options. The options are the following:

A) creating and acquiring knowledge.

B) being committed to learning.  

C) modifying her behavior.

D) generalizing ideas.

E) transferring her knowledge.

And the correct answer is the option E: transferring her knowledge.

Explanation:

To begin with, the name of <em>"Learning Organization"</em> is used in the field of business to refer to the type of organization that is characterized by the fact of always encouraging the fact of keep its employees learning from each other, from the environement, from the context and so on. Therefore that this type of organization seeks for the improvement of knowledge with the only purpose of becoming better at what they do by sharing what every one knows. And that is why, that Myra proves that she is working in a learning organization by transferring her knowledge about the topics to everyone.  

8 0
3 years ago
What are some potential consequences of families having inadequate savings?
soldier1979 [14.2K]
Https://www.wsws.org/en/articles/2013/06/26/payc-j26.html

this websight should help 
6 0
3 years ago
Other questions:
  • Dynamic Defenses Corporation is considering a project that will have fixed costs of $10,000,000. The product will be sold for $4
    9·1 answer
  • Tessa is trying out a new vinaigrette recipe and can't remember the common ingredient ratios. Which of the following is the typi
    9·2 answers
  • Cullumber, Inc. acquired 30% of Marigold Corporation's voting stock on January 1, 2021 for $890000. During 2021, Marigold earned
    8·1 answer
  • Problem 10A specialty coffeehouse sells Colombian coffee at a fairly steady rate of 280 pounds annually. The beans are purchased
    15·1 answer
  • Olamide is a manager at a catering company, organizing an upcoming wedding. she will need to allocate a portion of her staff to
    9·1 answer
  • If your college leadership sought your advice on setting tuition, why would it matter if your college was the only college for m
    12·1 answer
  • A bicycle repair company conducted segmentation research and then targeted their direct mail coupons for a first bike tune-up to
    13·1 answer
  • You expect to receive $2,600 upon your graduation and will invest your windfall at an interest rate of 0.33 percent per quarter
    13·1 answer
  • Someone please help will mark as brainliest
    8·1 answer
  • Venya and Kari own a flower shop that specializes in custom bouquets. Wanting to expand into selling potted plants, they create
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!