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Artist 52 [7]
2 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]2 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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United Contractors Inc. holds a lien on Vista Estates real property. This property can be sold to satisfy the debt if, before th
oee [108]

Answer:

The answer is Vista Estates

Explanation:

Before any sale can done done, notice must be given to Vista Estates. The property can now be sold after been giving proper notice.

Vista Estates still has the legal right of original ownership even though a lien has been placed on his property. A lien is a legal claim against a property.

7 0
3 years ago
Andrew wants to purchase a new computer and go to the caribbean for spring break. the computer is priced at 1299, and the vacati
Mamont248 [21]

Andrew writes a check for $1,299 which is the  medium of exchange.

What is the way of transaction ?

  • A sale is a completed agreement between a buyer and a dealer to change goods, services, or fiscal means in return for plutocrats.
  • The term is also generally used in commercial accounts. As a business secretary, this plain description can get tricky.
  • A sale may be recorded by a company before or later depending on whether it uses an addendum account or cash account.

Here,

Andrew can easily determine that the price of the computer is more than the price of the vacation = Unit of Account

Andrew has $1,574 in his checking account

= Store of value

Andrew writes a check for $1,299

= Medium of exchange

Learn more about Way of transaction here:

https://brainly.in/question/2253597

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3 0
1 year ago
Lake City enacts an ordinance that bans the distribu-tion of all printed materials on city streets. Mackensie opposes the city's
loris [4]

Answer:

c. ​unconstitutional under the First Amendment.

Explanation:

Under the first amendment the act of banning such printed materials is unconstitutional. As it is not good for people in the country to witness such things.

As printed material includes books, magazines, and other things which enhance the knowledge level of different people.

Therefore, banning printed material will make the country people short of knowledgeable resources.

Therefore, the court will announce it unconstitutional.

4 0
3 years ago
The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9200 pounds of direct materials that actua
Andrews [41]

Answer:

the direct material quantity variance is $5,000 favorable

Explanation:

The computation of the direct material quantity variance is shown below:

Direct material quantity variance is

= (Actual quantity - standard quantity) × standard price

= (9,200 pounds - 5,100 units × 2 pounds) × $5 per pound

= (9,200 pounds - 10,200 pounds) × $5 per pound

= $5,000 favorable

hence, the direct material quantity variance is $5,000 favorable

6 0
2 years ago
Aaron has entered into a contract with wilson
swat32
Yes very true !!!!!!
8 0
2 years ago
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