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
dangina [55]
3 years ago
6

1. John Jamison wants to accumulate $75,563 for a down payment on a small business. He will invest $35,000 today in a bank accou

nt paying 8% interest compounded annually. Approximately how long will it take John to reach his goal
Business
1 answer:
mars1129 [50]3 years ago
6 0

Answer:

10 years.

Explanation:

The time period, N for John to reach his goal can be determined using a financial calculator as follows :

FV = $75,563

PV = - $35,000

PMT = $ 0

R = 8.00 %

P/YR = 1

N = ?

Using a financial calculator, the time period, N for John to reach his goal is 10 years.

You might be interested in
Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him
Valentin [98]

<u>Full question:</u>

Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him and says, "actually, this concert will cost you more than $60 since you have to miss work." His friend is referring to the _________________.

Select the correct answer below:

a)economies of scale

b)budget constraint

c)opportunity cost

d)opportunity set

<u>Answer:</u>

His friend is referring to the opportunity cost

<u>Explanation:</u>

Opportunity costs describe the gains a person, investor or company drops out on when picking one choice over another. The cost of practicing something is previously the cost of the highest-valued alternative use.  Bottlenecks are frequently a condition of opportunity costs.

The method for determining an opportunity cost is solely the contrast within the expected returns of any option. Estimating opportunity costs can lead you to more effective decision-making. Opportunity cost examination also performs a crucial role in preparing a business's capital structure.

5 0
3 years ago
What is the target of SEO service?
Fiesta28 [93]
Increase its visibility in search results on search engines
5 0
3 years ago
The ability to conduct financial transactions through a smartphone is known as
Pavlova-9 [17]
An electronic payment
4 0
4 years ago
Read 2 more answers
A simple purchase on the Internet will not require which function?
Alecsey [184]
A. Multiple password changes and verifications

You won’t need a password for most online stores. The rest of the answers are all required.
6 0
3 years ago
The productivity gains achieved by specialization are due to A. comparative advantage. B. lower opportunity costs from switching
Ronch [10]

Answer:

Comparative advantage.

Explanation:

Comparative advantage is the ability to produce good and services at a lower opportunity cost compared to others , leading to lower selling price and competitive advantage over others .

Specialization is about concentrating on producing a few products in order to

build brands , expertise and gain maximum productivity leading to a reduction in selling price and  a comparative advantage.

4 0
4 years ago
Read 2 more answers
Other questions:
  • Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increas
    12·1 answer
  • Which social networking platform is specifically for career networking?
    13·2 answers
  • On october 1, 2014, donald anderson exchanged an apartment building having an adjusted basis of $375,000 and subject to a mortga
    8·1 answer
  • In presidential elections, voters often find that they do not agree with any single candidate in all issues that matter to them
    8·1 answer
  • Dash Plumbing is an established company with 12 employees and a small office in the suburbs of Atlanta. The company had an old c
    10·1 answer
  • Observations about "youth gone wild" have lead to recent calls to reduce the age of responsibility to allow for younger violent
    9·1 answer
  • _____ is an important part of the interview process. It allows you to consider how you did in the interview, examining your stro
    11·2 answers
  • Woodman Products, Inc., has found that new products follow a learning curve. The first two units have been completed with the fo
    12·1 answer
  • Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those pre
    12·1 answer
  • Mike has a car accident and Maria saves his life. To show his appreciation, Mike gives Maria a life estate in one of the homes h
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!