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dsp73
4 years ago
9

You need to have $20,000 for a down payment on a house 4 in years. If you can earn an annual interest rate of 3.8 percent, how m

uch will you have to deposit today
Business
1 answer:
stiks02 [169]4 years ago
6 0

Answer:

PV= $17,228.23

Explanation:

Giving the following information:

FV= $20,000.

The number of years= 4.

interest rate= 3.8%.

To calculate the initial investment required to reach the objective, we need to use the following formula:

PV= FV/(1+i)^n

PV= 20,000/(1.038^4)

PV= $17,228.23

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When the government implements programs such as progressive income tax rates, which of the following is likely to occur? a. equa
kozerog [31]

Answer:

The correct answer is b. equality is increased and efficiency is decreased.

Explanation:

Progressive taxes are considered those in which the economic capacity of the person or the company is taken into account, that is: the higher the economic capacity the value to be paid for the tax increases. The objective of this type of taxes is that the payments made by people or companies are made proportionally to their income. Direct taxes are usually progressive.

An example of a progressive tax is the income tax, in the case of natural persons the value to be paid for this concept depends on the taxable liquid income.

8 0
4 years ago
The Homestead Strike of the Iron and Steel workers in Homestead, PA is representative of the struggle in the late 1800's between
denpristay [2]

Answer:

A) True

Explanation:

The Homestead strike was a combination of both a company lockout (the company didn't allow workers to work) and a union strike (where the workers did't want to work). It was a power struggle between one of the darkest and sinister monopolists of the 19th century, Carnegie Steel (led by Andrew Carnegie) and the most powerful workers' union in America, the Amalgamated Association of Iron and Steel Workers.

In 1889 the union won, but Carnegie wanted revenge, so in 1892, he demanded harsher conditions after the initial contract was over and when the union said no, a lockout started. It was bloody and messy, with 16 dead. Carnegie's private army of 300 guards faced 10,000 strikers and things turned ugly soon. The Pinkertons (Carnegie's troops) were "defeated" but too many lives were lost.

Since Carnegie's little was defeated, he asked a bigger fish to help him and the governor sent 8,000 soldiers to arrest any union striker that opposed Carnegie. Finally, Carnegie's millions and corrupt politicians won, and the workers were forced to accept lower wages and more working hours. Those who rejected the forced deal were sent to prison.

6 0
3 years ago
As the name suggests, convertible bonds allow the owner the option to convert the bonds into a fixed number of shares of common
kipiarov [429]

Answer: 1. Convertible bond

2. Putable bond

3. Purchasing power bond.

Explanation:

The $100,000 investment is a convertible bond. This is a fixed-income debt security which yields interest payments. It should be noted that it can also be converted to equity shares or common stock.

Nazeem should pick a putable bond. This is because the puttable bond has a put option that is embedded ans he can also demand his principal to be paid early.

Nazem also recently bought bonds that have their interest rate tied to the consumer price index (CPI) so that he will be protected if inflation rates increase. Nazem has invested in purchasing power bond .

8 0
4 years ago
You purchase an annuity due for $1,200. The annuity has 11 annual payments of 100 and a larger payment at the beginning of year
romanna [79]

Answer:

Give me brainliest pls! I neeed it to rank up jus pls do it!

Explanation:

8 0
3 years ago
Suppose autos cost consumers $30,000 and trucks cost consumers $15,000. What contribution does the production of 200 autos and 2
alexgriva [62]

Answer:

the  contribution made to the production of 200 autos and 200 trucks is $9,000,000

Explanation:

The computation of the contribution made to the production of 200 autos and 200 trucks is shown below

Contribution to GDP is

= $30,000 × 200 + $15,000 × 200

= $6,000,000 + $3,000,000

= $9,000,000

Hence, the  contribution made to the production of 200 autos and 200 trucks is $9,000,000

6 0
3 years ago
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