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White raven [17]
3 years ago
5

You have $11,000 and will invest the money at an interest rate of .33 percent per month until the account is worth $17,200. How

many years do you have to wait until you reach your target account value
Business
1 answer:
Diano4ka-milaya [45]3 years ago
4 0

Answer:

1.5 years

Explanation:

The number of years for reaching the target value, it will be computed using the excel formula which is as:

=Nper(Rate,pmt,pv,fv,type)

where

nper is number of years

rate is 33%

Pmt is monthly payment which is $0

pv is present value which is -$11,000

fv is future value which is $17,200

type is 0

So, putting the values above:

=Nper(33%,0,-11000,17200,0)

=1.5 years

Therefore, the number of years it will take to reach the amount of $17,200 from investing $11,000 today is 1.5 years.

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A rock star intentionally sets her ticket prices below what would be necessary to sell out her shows. how might this be justifie
drek231 [11]
<span>the answer to this question is: The revenue sacrificed represents a very small share of the show's revenue
The only way the show can still earn profit by selling cheap tickets is if they're gaining additional revenue from another streatm of income, such as selling merchandise on the concerts, providing beer and snacks, or selling autograph and photos</span>
6 0
3 years ago
Question Number 3) Antonio, a mid-level manager at ABC Manufacturing, is negotiating supplier agreements with a Chinese firm in
Phoenix [80]

Answer: a. ethnocentric

Explanation:

Ethnocentric orientation refers to the use of one's own culture as the yardstick by which to measure and relate to other cultures.

An ethnocentric person would relate to people from other cultures the same way they relate to people from their culture because they believe the way their culture does things is the best way.

Antonio is negotiating deals with the Chinese firm the same way he would negotiate with his fellow Americans . This means that Antonio is adopting an Ethnocentric approach.

4 0
3 years ago
Which of the following would an economist most likely classify as a need
taurus [48]
It is D. A part-time job to earn extra money.
7 0
3 years ago
Trell Corporation transferred $50,000 of accounts receivable to a local bank. The transfer was made without recourse. The local
PIT_PIT [208]

Answer:

Correct one is Option D.

<u>$6,500</u>

Explanation:

Fair value of its 20% interest in the receivables 8000  

Less: Factoring fee=50000*3% =1500

Amount receivable from factor= 8000-1500=6500  

7 0
3 years ago
Sue can either borrow $10,\!000$ dollars for $5$ years with a simple interest of $7\%$ annually or an interest which compounds a
dalvyx [7]

She would  have to pay back for the more expensive interest than the less expensive interest which will be calculated in the form of simple interest and compound interest .

Simple interest

10000 x .07 = 700

700 x 5 = 3500

total 13500

Compund interest

10000(1.06)^5 = 13382.26

13500 - 13382.26 = 117.74

118 rounded

Learn more about simple interest and compound interest here :

brainly.com/question/25663053

#SPJ4

3 0
2 years ago
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