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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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The typical family on the Planet Econ consumes 10 pizzas, 7 pairs of jeans, and 20 gallons of milk. In 2016, pizzas cost $10 eac
jasenka [17]

Answer:

increase in cost of living of 9.09%

Explanation:

The cost of living for 2016 is goven as

(10 pizzas*$10) + (7 jeans * $40)+ (20 gallons of milk * $3)

= 100 + 280 + 60= $440

The cost of living from 2017 is

(10 pizzas*$14) + (7 jeans * $40)+ (20 gallons of milk * $3)

= 140 + 280 + 60

= $480

The percentage increase in cost of living between 2016 and 2017= (Cost of living in 2017/cost of living in 2016)* 100

= {480/440}* 100

= 109.09%

So there was a increase in cost of living of 9.09%

8 0
3 years ago
The compensation companies receive for purchasing capital assets is called the return on?
Mamont248 [21]

<u>Return on Investment</u> is the compensation companies receive for purchasing capital assets.

Capital assets are significant pieces of property like houses, automobiles, rental properties, stocks, bonds, and even antiques or works of art. A capital asset for businesses is an asset with a useful life of more than a year that is not intended for sale during normal company operations.

Your investments in the business are the time and money you devote to strengthening your company. The profit you receive from your investments is the return. The ratio of net profit to the entire cost of the investment is how ROI is often defined.

Find out more about compensation

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2 years ago
A popular clothing brand has released a new range of pants. The brand manager wants to target several sections of youth with thi
Andrej [43]

.Answer:

A.  customer classification

Explanation:

Classification of consumers is the process of grouping customers according to shared traits. Customers in the same group will share some common characteristics that a business can use to serve them better. In customer classification, the firm seeks to identify the common traits that make customers have similar buying patterns.

The manager in the clothing brand has identified traits he can use to classify the target customers into four groups. He has applied customer classification. If he subdivides each group by specific attributes such as age, gender, or other similarities, he would be doing customer segmentation

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Heidi, a vsc-certified volunteer, is working at the intake station. as part of her duties, she is required to explain to the tax
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<span>Heidi should inform them that form 13614-C has to be completed before the return can be prepared, the client will then be interviewed by whomever is preparing the return and additional questions would likely be asked, and the client would need to have a quality review done on their taxes by someone other than the person preparing the return.</span>
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3 years ago
Warranty service, processing of complaints, and costs of litigation are examples of Multiple Choice appraisal costs. internal fa
zhannawk [14.2K]

Examples of internal failure costs include warranty service and complaint handling. As a result, choice b is accurate.

<h3>What do you mean by internal failure cost?</h3>

Internal failure costs are expenses related to flaws discovered prior to the client receiving the good or service. External failure costs are expenses related to flaws discovered after the client has purchased the good or service.

Internal failure costs are quality expenses related to product flaws found before a product leaves the facility.

Hence, warranty services all are examples of the internal failure cost.

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