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
dsp73
3 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]3 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

You might be interested in
For a not-for-profit private animal rescue agency, which account should be credited to record a gift of cash from an outside par
sesenic [268]

Answer:

Unrestricted net assets - contributions

Explanation:

Unrestricted net assets are donations made to any nonprofit organization (in this case the animal rescue agency) that can be used for unrestricted general expenses. The rescue agency can use this money for their normal day to day expenses or for whatever other expense that they consider necessary without any type of restriction.

While restricted net assets are donations that must be used for an specific purpose set by the donor.

8 0
3 years ago
The newly formed nation remained financially solvent through the first decade of its existence (1790s). Choose ONE of the follow
tresset_1 [31]

Answer:

Establishment of the national bank

- Eventually issued paper money, handled tax receipts and other government funds.

Explanation:

The adoption of Hamilton's debt plan impacted financial solvency the most because in this plan Hamilton proposed to pay off the foreign debt and to issue new bonds to cover the old ones. He also proposed that the federal government would assume all state debt, giving creditors an incentive to support the new government and he proposed a National Bank.

7 0
3 years ago
A certain company reorders envelopes when it stock drops to 15 boxes, although demand for envelopes during lead time is normally
marissa [1.9K]

Question: The options were not given in the question. here are the options;

a. 50%

b. 75%

c. 5%

d. 95%

e. 25%

Answer:

The correct option is D. 95%

Explanation:

ROP = demand during lead time + (Z * standard deviation of lead time demand)

15 = 10 + (Z * 3)

Z = 1.667

For Z = 1.667, service level is nearly 95%

6 0
2 years ago
Read 2 more answers
Arter is a method of exchange whereby goods or services are traded directly for other goods or services without the use of money
expeople1 [14]

Answer: correct evaluation and medium of exchange etc.

 

Explanation: The main problem with the barter system is that it would be hard to value the goods or services that the parties are exchanging. In the given case, it would be hard to value how many car washes would be equal to a paint of house.

Also finding someone who is willing to paint house in exchange of car washes is another difficult task.

5 0
3 years ago
What happens when the federal reserve decreases the money supply?
Shtirlitz [24]
The currency would deflate, though this never happens
4 0
3 years ago
Other questions:
  • Which person is credited with introducing the concept of supply and demand?
    7·1 answer
  • Bob, a guest at a hotel, reached into the front seat of the hotel limousine to get his briefcase. he supported himself by placin
    6·1 answer
  • A (n) is the factor that is deliberately changed in an experiment
    15·1 answer
  • Karen wants to rent a car for 5 days, and she's interested in the loss damage waiver but not the collision damage waiver. if the
    5·2 answers
  • Wilton, Inc. had net sales in 2017 of $1,400,000. At December 31, 2017, before adjusting entries, the balances in selected accou
    12·1 answer
  • Which of these rights is not considered a right of privacy?
    15·2 answers
  • Deadweight loss occurs when
    15·1 answer
  • Please help?!
    6·1 answer
  • The negative impact of the Corona virus as one of the socio economic issues on businesses ​
    8·1 answer
  • Imagine the tea market has a demand function of QDX = 10 – 2PX and a supply function of QSX = PX − 2, where PX is the price of t
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!