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skad [1K]
3 years ago
11

Assume that your parents wanted to have $120,000 saved for college by your eighteenth birthday and they started saving on your f

irst birthday. They saved the same amount each year on your birthday and earned 9% per year on their investments.
a. How much would they have to save each year to reach their​ goal?
b. If they think you will take five years instead of four to graduate and decide to have $ 160 comma 000$160,000 saved just in​ case, how much would they have to save each year to reach their new​goal?
Business
1 answer:
Marrrta [24]3 years ago
6 0

Answer:

740.74

Explanation:

you take 120,000 and divide it by 18 years then you divide it by 9%

and b is 987.65

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Answer:

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3 years ago
A firm's average cost increases as it increases its output by expanding its plant and hiring additional workers (its only inputs
KiRa [710]

Answer:

The correct answer is letter "D": incorrect because all inputs are varied in the example.

Explanation:

The law of Diminishing Marginal Productivity states that increasing one variable will keep the others the same. My initially increase output but eventually adding more of that one variable may lead to a diminishing rate of return. The law helps explain why increasing production is not always the best way to increase profits.

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3 years ago
Kansas Enterprises purchased equipment for $60,000 on January 1, 2021. The equipment is expected to have a five-year service lif
Yuki888 [10]

Answer:

$11000

Explanation:

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3 0
3 years ago
Ryan bought a stock three years ago for $6 a share. Today, June 22, the stock is selling for $72 a share. Ryan is afraid that th
dem82 [27]

Answer:

B) Ryan's stock was sold for $9 a share causing him to lose most of his profits.

Explanation:

Stop loss order means the limit the loss to the extent investor has opted. Since Ryan placed a stop loss order at $70, so, when the price of the stock starts at $9, the stock would be sold at $9 because it is the next available price to what he placed a stop loss order.

So, the Answer is Ryan stock is sold for $9 a share causing him to lose most of his profits.

6 0
2 years ago
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