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Alenkinab [10]
3 years ago
8

You just won a lottery prize of $95,000. While you plan to use some of the sum to pay off your student loans, you would like to

have a total of $100,000 saved in an account in 8 years. After paying off some of the principal on your student loans, you plan to deposit the money left over in an account earning 2% interest, compounded annually. How much money can you spend today and still achieve your goal of having $100,000 at the end of 8 years?
Business
2 answers:
Evgesh-ka [11]3 years ago
8 0

Answer:

Principal Amount needed to get $100000 at end of 8 years = $ 85470

Prospective Spending out of $ 95000 prize = $9530  

Explanation:

Compound Interest Total Amount formula with Principal & 'n' period of times, compounding 't' times in a time period n.

A = P [1 + r/n] ^ nt

100,000 = P [1+ 0.02 / 1] ^ (8x1)

100,000 = P [(1.02)^ 8]

100,000 = P [1.17]

P = 100,000 / 1.17

P = $ 85470  [Principal Amount needed to get $100000 at end of 8 years]

Prospective Spending  = Prize Amount - Principal amount needed

95000 - 85470

= $ 9530

8_murik_8 [283]3 years ago
7 0
You put 85,000 into your account for 8 years and add $1250 each year into your account. At the end of the 8 years you will have a 11
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A leveraged buyout (LBO) Multiple Choice is based on an expectation that the new private owners will not restructure the company
pochemuha

Answer:

Changes the ownership structure of a company from public to private.

Explanation:

A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company.

It is known to change the ownership structure of a company from public to private.

This is because it isn't usually sanctioned by the target company. It is also seen as ironic in that a company's success, in terms of assets on the balance sheet, can be used against it as collateral by a hostile company.

3 0
3 years ago
Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called:
Zanzabum
<span>Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called: </span>Cumulative preferred stock
In cumulative preferred stocks, the amount of dividend usually given on a fixed-rate annually. But, it shall always be set aside before calculating the dividend for the common stock and the amount will be accrued for the next period if the dividend is not paid on current period.
6 0
3 years ago
On January 1, 2021, Everglade Company purchased the following debt securities and properly accounted for them as securities avai
hammer [34]

Answer:

Unrealized gain = $12,000

Explanation:

Security    Cost A     Fair value B    Unrealized amount (B-A)

ABC          $40,000    $55,000                 $15,000

DEF           $72,000    $65,000                -$7,000

XYZ           $16,000     $20,000                 <u>$4,000</u>

                                                        Total    <u>$12,000</u>

So, the unrealized gain to be recorded is $12,000

4 0
3 years ago
(01.02 mc) which of these actions was an economic cause of increased tensions between the north and south?
Damm [24]

The correct option is (b) Protective tariffs

Protective tariffs aim to make imported goods more expensive while protecting domestic producers from overseas rivalry.

<h3 /><h3>What is protective tarrifs?</h3>
  • An illustration of a protective tariff would be the US raising the customs charge on clothing imported from Britain so that it is significantly more expensive than clothing made domestically.
  • The importing countries profit the most from tariffs since they design the policy and receive the cash.
  • The main advantage of tariffs is that they generate income from imported products and services. Tariffs may also serve as a springboard for negotiations between two countries.
  • Protective tariffs are designed to shield vital American industries from international competition, stop foreign manufacturers from dumping inexpensive goods in the US, or both.

Learn more about the Tarrifs with the help of the given link:

brainly.com/question/11672570

#SPJ4

I understand that the question you are looking for is "Which of these actions was an economic cause of increased tensions between the North and South?

(a) Dred Scott decision

(b) Protective tariffs

(c) Bleeding Kansas

(d) Lincoln’s election"

6 0
1 year ago
Suppose Cook Plus manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 22. Cook Plus projects sales
amid [387]

Answer:

Production budget = 835

Explanation:

<em>T</em><em>he production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.  </em>

Production = Sales budget + closing inventory - opening inventory

Inventory at the end of July = 40%×650= 260

Opening inventory = 75

Sales budget = 650

Production budget = 650+ 260  - 75= 835

Production budget = 835

3 0
3 years ago
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