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
prohojiy [21]
3 years ago
7

Rebecca would like to set up an account to supplement her parents' retirement income for the next 15 years.

Business
1 answer:
vova2212 [387]3 years ago
5 0

Answer:

Explanation:

a.)

This is an annuity type of question. Using a financial calculator, input the following to find the PV of the Ordinary annuity;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,845.24

b.) This is an <em>Annuity Due </em>type of question since the recurring monthly payment occur at the beginning of the month.

Using a financial calculator, change the mode to "BEG"  and input the following to find the PV of the annuity due;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,970.31

You might be interested in
Roseanna asked Henry, one of her team members, to purposefully think of and voice criticisms as the group discussed a popular id
enot [183]

Answer:

Devil's advocacy.

Explanation:

Devil's advocacy is defined as a person who pretends in a discussion. He/she pretends to be against an idea or plan many people support so as to make people discuss it in more detail. Here Rosana uses devil's advocacy on Henry by telling him to criticize the group's discussion.

8 0
3 years ago
Operating Costs
posledela

Operating Costs

3.Cost of actually running a business

This is a clear indication of the company's resource usage productivity.

Accounts Payable

6.Amounts of money the company owes to other companies for products

as this affect the overall short term debt, if this is lower, the better for the company.

Cash Flow

4.The movement of money in or out of a business

having a positive cash flow is good for investment and capital expenditures.

Startup Costs

2.Cost of starting up a business until it can pay for itself

these costs are most of the time unavoidable.

Gross Profit

5.Total Revenue - Cost of Goods Sold

Angel Investor

1.An investor who provides money to a business in exchange for debt or equity

however, the risk is that you might end up giving a significant controlling stake of the company to the investor.

3 0
3 years ago
The long-run supply curve for a product is horizontal with ATC = 200. Market demand is defined as P = 1,000 − 4 Q. The market is
ANTONII [103]

Answer:

65 firms will be in the industry at the new long run equilibrium

Explanation:

in the long run the P=ATC

quantity before the change is

200 = 1000-4Q

4Q = 800

Q= 200

each firm output = Q/number of firms = 200 / 50

q = 4

new quantity is

200 = 1240-4Q

4Q = 1040

Q = 260

number of firms=new Q/q

=260/4 = 65

the number of firms is 65 in the long run.

3 0
3 years ago
Which type of lender is most likely to charge the highest interest rate?
jenyasd209 [6]

Answer:

<u>B</u>

Explanation:

Unlike the other options, <u>payday lenders</u> are not official lenders operating under federal laws. This enables them to charge high interest rates as they wish.

4 0
2 years ago
All of the following actions lead to the payment of a credit card fee EXCEPT...
alexandr402 [8]

I need the picture so I can see it

7 0
2 years ago
Read 2 more answers
Other questions:
  • Elegance Bath Products, Inc. (EBP) makes a variety of ceramic sinks and tubs. EBP has just developed a line of sinks and tubs ma
    5·1 answer
  • Morrison Foods has decided to introduce a new line of turkey products to the American consumer. Turkey steaks resemble beefsteak
    15·1 answer
  • Needing some help deciding on this one:
    9·1 answer
  • Which of the following statements is true? Group of answer choices A perfectly competitive firm that seeks to maximize profits w
    9·1 answer
  • Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh
    5·1 answer
  • 1. Select two categories of records that are exempt from public disclosure under the Freedom of Information Act.
    14·2 answers
  • Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for th
    14·1 answer
  • You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.16 and the total
    14·1 answer
  • Mwakilembe Co.ltd is a micro business which buys and sell toys on 1 January 2020 the company predicted its annual sales to be 10
    9·1 answer
  • Oligopolies would like to act like a Group of answer choices duopoly, but self-interest often drives them closer to the competit
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!