Answer:
She Should Invest $3,815 now.
Explanation:
Future value is the accumulated value of principal and compounded interest earned in specific period on an specific return rate applied to present value. It is calculated by following formula:
FV = PV x ( 1 + r )^n
FV = Future Value = $5000
PV = Present Value = ?
r = return rate = 7%
n = number of years = 4 years
$5000 = PV ( 1 + 7% )^4
$5000 = PV ( 1 + 0.07 )^4
$5000 = PV ( 1.07 )^4
$5000 = PV x 1.311
PV = $5,000 / 1.311
PV = $3,815
Answer:
insurance is kinda a type of company that will pay for basic needs. Like you can get car insurance in case you crash your car or need it fixed. Homeowners insurance which helps if your home needs to be fixed. Doctors insurance so you don't have to pay. I hope that helps.
Answer:
$2,500
Explanation:
American tax credit can be by either the parents or students to reduce qualified education expenses , within the first four years of education after completing secondary education.
The maximum allowed credit per child without regard to AGI limitation and provided other set conditions are met is $2,500.
The guiding rules are
- Student must be pursuing a degree or other recognized tertiary education certificate
- Have not been convicted of any drug related offence at the end of the tax year
- Must be enrolled for at least half of at least one academic session at the beginning of the year
- Be enrolled in a recognized post secondary education
- Have not claimed America tax in the previous tax year
Answer:
You want to learn about the Ferris–wheel riding habits of people, so you ask those leaving a theme park, “How many times did you ride the Ferris wheel today?”
Is the question a statistical question? Explain why or why not?
