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
jeka94
2 years ago
13

Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $8,000 ava

ilable each year for various school and living expenses. If he earns 4 percent on his money, how much must he deposit at the start of his studies to be able to withdraw $8,000 a year for three years
Business
1 answer:
pochemuha2 years ago
4 0

Answer: $22,200.72

Explanation:

Given the following :

Amount Pete Morton wants to be able to withdraw each period = $8000

Number of periods = 3

Interest rate on deposit = 4%

The amount Pete must deposit at the beginning of his study to be eligible is the product of the payment per period and the present value of annuity factor.

From the present value of annuity factor table ; the factor obtained for a 3 years period at 4 % Interest rate is 2.77509

Hence,

$8000 × 2.77509 = $22,200.72

You might be interested in
"Scuba Diving." Marcy invented a new type of mask that was not subject to fogging forscuba divers and obtained a patent on it. S
weqwewe [10]

Answer:

The correct option is C,royalties

Explanation:

Royalties refers to payment received by the owner of  patent from the individuals making use of the patented design or product as a reward for creativity and originality.

Profits are excess of revenue over costs of doing business overall

Receipts are  inflows of cash and cash equivalents to the business either form sales transactions or from sources such as disposal of assets as well as issuance of shares.

Payoffs refers to the amount paid to an employee either upon retirement or on leaving a job

6 0
2 years ago
A professional theater company wants to hire a young actor to play an important part in a play. Many actors have expressed an in
SSSSS [86.1K]

Answer: C. An actor who comes from a respected talent agency.

Explanation:

Talent Agencies are professionals in the field. The people they send have been put through training programs that the Talent Agency knows will serve them well because they are in that same industry. For this reason, actors from Talent Agencies send the strongest signals.

Look at it this way, would you take investment advice from an investment banker or from an entrepreneur? Both could present very strong cases but the Investment Banker has expertise in the subject and is more likely to be picked.

It is the same here. The Talent Agency is believed to have expertise and so when they send someone, that person is considered first.

5 0
3 years ago
Imagine that two goods are available to you: apples (X) and pears (Y). You like apples half as much as pears. If your fruit budg
goldenfox [79]

Answer:

the value of the MktRS (market rate of substitution) is 0

Explanation:

The computation of the market rate of substitution is shown below:

Since it is mentioned that

You like apples half as pears

So the equation would be

X = 1 ÷ 2 Y

X ÷ Y = 1 ÷ 2

Now the market rate of substitution of the price is

= $2 ÷ $4

= 1 ÷ 2

So,

= 1 ÷ 2 - 1 ÷ 2

= 0

Hence, the value of the MktRS (market rate of substitution) is 0

The same is to be considered

3 0
3 years ago
Why​ isn't elasticity just measured by the slope of the demand​ curve?
marissa [1.9K]
I think its B if not B than C most likely
6 0
3 years ago
A large increase in the supply of hd-tv sets occurs simultaneously with a smaller decrease in its demand. as a result the equili
zhenek [66]
The answer to this question is :<span>decrease, increase
When Demand decreases, it indicates that consumer now is less willing to buy that certain products.
This unwillingness will started to drives the price down. During this period, Sellers will start to create more effort to sell the remaining products so they could obtain the highest price possible</span>
7 0
3 years ago
Other questions:
  • Appliance Possible Inc. (AP) is a manufacturer of toaster ovens. To improve control over operations, the president of AP wants t
    9·1 answer
  • Why are enthusiasm and optimism important qualities for health care workers?
    15·1 answer
  • Wilkinson and Daughters has net income of $415,400, total assets of $2.2 million, and total liabilities of $1.08 million. The co
    10·1 answer
  • Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:
    9·1 answer
  • Stephanie Roe utilizes the direct write-off method of accounting for uncollectible receivables. On September 15, she is notified
    6·1 answer
  • Harry owes the bank money. To repay his debt, he paid 150 dollar sign, 150 back to the bank each month. After 10 months, his rem
    7·1 answer
  • When china's clothing industry expands, the increase in world supply lowers the world price of clothing. consider the effects th
    8·2 answers
  • Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households depo
    9·1 answer
  • What is the purpose of Lincoln Douglas?<br><br> Tysm have a great day! :)
    14·1 answer
  • NASA is conducting an experiment to find out the fraction of people who black out at G forces greater than 6. Step 1 of 2: Suppo
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!