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
vladimir1956 [14]
3 years ago
11

Marigold Corp. makes an investment today (January 1, 2020). They will receive $72000 every December 31st for the next six years

(2020 – 2025). If Marigold wants to earn 9% on the investment, what is the most they should invest on January 1, 2020?
Business
1 answer:
gogolik [260]3 years ago
3 0

Answer:

$322,986.14

Explanation:

Formula: Present Value = PMT x ((1 - (1 + r) ^ -n ) / r)

PMT = 72,000

r = 9%

n = 6

Therefore Present Value = 72000 x ((1-(1+0.09)^-6)/0.09)

= $322,986.14

Hence, if Marigold Corp. makes an investment today of $322,986.14

They will receive $72000 every December 31st for the next six years, If they want to earn 9% on the investment.

You might be interested in
What is money placed in a checking account called
rusak2 [61]

Answer:

bank account

Explanation:

4 0
3 years ago
Read 2 more answers
List online activities you can participate in to stack search results of your professional name for potential employers.
finlep [7]

Explanation:

<em>let</em><em> </em><em>AB</em><em> </em><em>be</em><em> </em><em>the</em><em> </em><em>deck</em><em> </em><em>and</em><em> </em><em>CD</em><em> </em><em>be</em><em> </em><em>the</em><em> </em><em>hill</em><em> </em>

8 0
3 years ago
Read 2 more answers
An apparel manufacturing plant has estimated the variable cost to be $3.30 per unit. Fixed costs are $1,800,000 per year. Forty
erica [24]

Answer:

$15.30

Explanation:

Given that,

Fixed costs = $1,800,000 per year

Variable cost = $3.30 per unit

40% of its business is with one preferred customer.

Total units sold in a year = 150,000

Unit cost per item:

= (Fixed cost ÷ Total units sold) + Variable cost per unit

= ($1,800,000 ÷ 150,000) + $3.30

= $12 + $3.30

= $15.30

Therefore, the unit cost per item is $15.30.

4 0
3 years ago
Who influences the total output of the Egyptian economy?
shepuryov [24]

Answer:

Egyptian house holds yes

4 0
3 years ago
Based on the abbreviations, translate the following ads into fully spelled-out sentences. The final sentence should state how ma
Nookie1986 [14]
For sale by owner, 3 bedroom home, family room, fireplace, den , large master bedroom
5 0
3 years ago
Read 2 more answers
Other questions:
  • A company's interest expense is $20,000. Its income before interest expense and income taxes is $140,000. Its net income is $58,
    5·1 answer
  • Which type of workplace culture emphasizes accomplishing goals?
    10·2 answers
  • The demand for cat food is given by D ( x ) = 140 e − 0.03 x where x is the number of units sold and D(x) is the price in dollar
    13·1 answer
  • On Monday, Neil tells Outdoor Landscaping, Inc., that he will pay Outdoor $500 if a variety of tasks are completed by Friday. On
    11·1 answer
  • Sunshine Smoothies Company (SSC) manufactures and distributes smoothies. SSC is considering the development of a new line of hig
    9·1 answer
  • Journalize the following transactions of Trapper Jon’s Productions. Assume 360 days in a year.
    12·1 answer
  • The graph below shows the value of a $100 deposited into three different accounts over a period of 20 years. Which of the lines
    5·2 answers
  • Your boss would like your help on a marketing research project she is conducting on the relationship between the price of juice
    9·1 answer
  • Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound $ 7.50 Direct labor 5 hours at $7.50
    11·1 answer
  • 1. What are the advantages of learning in a group​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!