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
motikmotik
4 years ago
6

- The local botanical society wants to ensure that the gardens in the town park are properly cared for. The group recently spent

$100,000 to plant the gardens. The members want to set up a perpetual fund to provide $100,000 for future replantings every 10 years. a) If interest is 5%, how much money is needed forever pay the cost of planting?
Business
1 answer:
slega [8]4 years ago
8 0

Answer:

$159,000

Explanation:

We are going to compute an A which is equivalent to $100,000 at the end of 10 years.

Therefore:

A= $100,000 (A/F, 5%, 10)

= $100,000 (0.0795) = $7,950

Infinite series is :

P= A/i= $7,950/0.05= $159,000

Therefore the money needed is $159,000

You might be interested in
what are the three most important ethical principles that you feel organizations should adhere to in terms of their staffing phi
Alja [10]

Answer:

  1. fairness,
  2. honesty,  
  3. integrity

Explanation:

The three most important ethical principles that should guide all organizational activities are fairness, honesty and integrity. Currently we live in a globalized and multicultural business scenario, where there is an intense flow of information and a lot of competitiveness, so it is necessary that organizations seek to adapt their strategic planning to this new reality, where corporate governance is an essential parameter of relationship with a company by many stakeholders.

The fairness, honesty and integrity of the company will help it to maintain an internal environment focused on the development of skills and an organizational culture based on ethics and respect for all employees, regardless of their individual values ​​or hierarchical position. These ethical principles will also help the organization to have a good image in the market, to attract greater reliability and transparency in the processes.

3 0
3 years ago
What does APR stand for and what does it mean?
ANTONII [103]
Good morning !

APR stands for : Annual Percentage Rate

What does that mean ?

APR is the amount of interest you pay every year on the outstanding balance.


I hope that's help!
4 0
4 years ago
Read 2 more answers
​enrique borrowed $3600 to put a down payment on a motorcycle. the loan had a simple interest rate of 8% for 2 years. use the fo
Rudik [331]

Answer:

The amount of interest is $576.

Step by step explanation :

Given : ​Enrique borrowed $3600 to put a down payment on a motorcycle. The loan had a simple interest rate of 8% for 2 years.

To find : The amount of interest he will pay on the loan.

Solution : Using the formula,

I=P\times R\times T

Where, I= Interest , P=principal , R= rate, T=time in years

We have given that :

P=$3600

R=8%=0.08

T=2 years

Substitute value in the formula to find interest,

I=P\times R\times T

I=3600\times 0.08\times 2

I=576

Therefore, The amount of interest is $576.

6 0
3 years ago
Presented below are three economic events. In each column, indicate whether the event increased, decreased, or had no effect on
Wewaii [24]

Answer:

See attached file

Explanation:

Accounting Equation Formula:

Assets = Liabilities + Stockholders' Equity

The equation shows that Assets are increased by Debits and decreased by Credits, instead, Liabilities and Stockholders´ Equity decreased by Debits and increased by Credits. In the file, Debits and Credits are represented by the word increased and decreased according to if the transaction has a positive or negative effect on each element.

6 0
4 years ago
What is an accurate description of how the political economy of many of the world’s nation-states has changed radically since th
Olegator [25]

Answer:

A. There has been a move away from centrally planned and mixed economies and toward a more free market economic model.

Explanation:

In that period of time, the Soviet union was regarded as the biggest nation who adopted a  centrally planned economic model.  The country was so poor and  a lot of dissatisfaction arise among the people due the centrally planned economic system. Eventually, members of soviet union started to seek their own independence, Leading to the fall of the soviet union in 1991.

The rest of the countries witnessed this Downfall and started to move away from centrally planned and mixed economies toward a free market model. They fear that if they adopted them, their country will fall into poverty just like the Soviet Union.

4 0
4 years ago
Other questions:
  • When writers take several outside sources and weave the information into their​ arguments, they are
    15·1 answer
  • How is the idea of "strategic intent" different from models of strategy that emphasize achieving a fit between the firm’s strate
    5·1 answer
  • What makes a contract different from an agreement?
    6·1 answer
  • 10. Which of the following is a way developing nations are trying to raise living standards? A. Attract investment B. Return to
    10·1 answer
  • Miles, a software designer, received a performance review that he feels is incorrect. Miles would like to discuss his concerns w
    5·1 answer
  • Robbie veath brings together buyers and sellers of used heavy construction equipment, and helps them negotiate the terms of the
    5·1 answer
  • On December 2, Coley Corp. acquired 1,400 shares of its $3 par value common stock for $24 each. On December 20, Coley Corp. reso
    11·1 answer
  • Martin has hired a marketing research company to bring together a small group of soft drink consumers and get feedback on the th
    6·1 answer
  • Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $2.40 a share. The company has promised to
    10·1 answer
  • Why do you only pay tax on a certain amount of income ​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!