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Artist 52 [7]
3 years ago
14

Sara wants to have $600,000 in her savings account when she retires. How much must she put in the account now, if the account pa

ys a fixed interest rate of 8%, to ensure that she has $600,000 in 20 years?
Business
1 answer:
Leona [35]3 years ago
5 0

Answer:

Total value attained in 20 years = Simple interest of 20 years on the Principal amount + Principal amount invested

<em>Simple interest = Principal amount invested * Interest rate * Time Period</em>

Simple interest earned during 20 years =  X * 0.08 i.e. 8% * 20 ( Assume principal invested as <em>X)</em>

= 1.6 X

Hence,

$ 600,000 = 1.6 X + X

2.6 X = 600,000

X = 600,000 / 2.6  

= $ 230,769 (Approx.)

<em>Hence, amount Sara should put in the Savings Accounts now =  $ 230,769 (Approx.)</em>

<em></em>

Explanation:

Refer to the answer.

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Eddie was known for driving 30 miles just to save a dollar on the price of his favorite beverage. Eddie perceived price as _____
Inessa [10]

Answer:

Here answer to the first fill in the blank is money paid and answer for the second fill in the blank is overall sacrifice.

Explanation:

Here Eddie has perceived price as money paid for the purchase of his favorite beverage, he is ready to drive 30 miles for this beverage , just because he is saving a dollar on it, so from the Eddie's point view , driving 30 miles to get the beverage is worth it . But as per the most of the customers , Eddie is making an overall sacrifice by driving 30 miles to get the beverage , just because he is saving dollar on it, so from the most customers point of view , driving 30 miles is not worth it and a lot of sacrifice is being made.

7 0
3 years ago
Suppose that the inflation rate is 2% and the real terminal value of an investment is expected to be $82,500 in 4 years. Calcula
Assoli18 [71]

Answer:

The answer is option (c)$89,301

Explanation:

Solution

Given that:

Inflation rate = 2%

The expected value of an investment = 82,500

Now,

nominal terminal value of the investment at the end of year 4.

Thus,

The nominal terminal value rate at the end of year four is given as follows:

= 82, 500 * (1 +2%) ^4

=$89300. 65

= $89,301

3 0
3 years ago
In order to prepare a contribution format income statement, costs must be separated into: Multiple Choice
scoray [572]

Answer:

variable and fixed costs.

Explanation:

The format of the contribution margin income statement is presented below:

Sales                                    XXXXX

Less: Variable cost            (XXXXX)

Contribution margin            XXXXX

Less: Fixed cost                  (XXXXX)

Net income or loss               XXXXX

Based on this we can concluded that the contribution margin income statement  classified into two cost i.e variable and fixed cost

4 0
4 years ago
Build interest in your sales message by developing your central selling points with rational, emotional, or dual appeals. Ration
sashaice [31]

Answer:

1- Health

2- Essential

3- Warm feelings and reader benefits.

Explanation:

Build interest in your sales message by developing your central selling points with rational, emotional, or dual appeals. Rational appeals are appropriate when a product is, for example, important to <u>health</u><u>.</u> Emotional appeals are appropriate when a product is, for example,<u> essential</u> . Whether using rational or emotional appeals, remember to translate cold facts into <u>warm feelings and reader benefits</u>.

For an effective marketing message, it is necessary that rational, emotional or double appeals are correctly directed to the rational and irrational thoughts that the products arouse in the consumer.

For a health product, there must be a rational appeal, as the information contained in the sales message must be real, detailed and secure.

For an essential product, it is important that there is an emotional appeal to create feelings and expectations in the customer that make him want to obtain such a product.

Whether using rational or emotional appeals, remember to translate cold facts into warm feelings and reader benefits.

<em />

<em />

4 0
3 years ago
Christopher is an unpaid, stay-at-home father who works as a volunteer at the local Habitat for Humanity chapter. Currently, Chr
zheka24 [161]

Answer:

The correct answer is option a.

Explanation:

The bureau of labor statistics calculates the data regarding the unemployment rate in the US economy. It calculates the unemployment rate as the ratio of total unemployed to the total labor force.  

Those people who are having a job or business and are working for profit or those who are currently unemployed and looking for jobs are included in the labor force. Students, retirees, and discouraged workers are not included in the labor force.  

Here, Christopher is neither working for profit nor looking for work so he will not be considered unemployed or in labor force.

4 0
3 years ago
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