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USPshnik [31]
3 years ago
7

Today, you turn 21. Your birthday wish is that you will be a millionaire by your 40th birthday. In an attempt to reach this goal

, you decide to save $75 a day, every day, until you turn 40. You open an investment account and deposit your first $75 today. What rate of return must you earn to achieve your goal? Note: Ignore Leap Years.
Business
1 answer:
JulsSmile [24]3 years ago
5 0

Answer:

rate of 0.000171716533316905 = 0.017% daily

Explanation:

we need to solve for the rate of an annuity for 19 years with daily deposits of 75 dolllars to yield a principal of 1,000,000 dollars

365 days x 19 years = 6,935 days

we use goal seek on excel as follow:

on A1 we write 0.01 this will be a placeholder for the rate

then on A2 we write  =FV(A1;6935;75)

then with goal seek we definethat we want A2 equal to 1,000,000 changing A1 (rate)

which give us:

0.000171717  = 0.017% per day to achieve the goal:

C \times \frac{(1+r)^{time} -1}{rate} = FV\\  

C 75

time 6935

rate 0.000171717

75 \times \frac{1-(1+0.000171716533316905)^{-6935} }{0.000171716533316905} = FV\\  

FV $999,999.9999  

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In the new communication environment, advertising is often the single most important element of a marketing communications progr
Delvig [45]

The given statement is True.

In this new communication environment, advertising is often the single most important element of a marketing communication program for sales and building brand and customer equity.

Explanation:

Advertising is an important part of Marketing. Advertising is basically a written, verbal, non verbal, visual, promotional message about the product or service by the company.

In this new world of communication, Advertising is very important, because without advertising, it is very difficult to attract customers and make the customer's base and build the brand image among them.

Advertising is done by companies through medium like, Television, Magazines, Billboards, Hoardings, Promotional Events, etc.

Learn more about Advertising at:

brainly.com/question/11698706

#LearnWithBrainly

4 0
3 years ago
Marginal utility measures A. the slope of the budget line. B. the marginal rate of substitution. C. the slope of the indifferenc
ivolga24 [154]

Answer:

The additional satisfaction from consuming one more unit of a good

Explanation:

Marginal utility falls as consumption increases.

The Marginal Rate of Substitution (MRS) is the rate at which consumers exchange quantities of units of one good number for another good at the same level of utility.

I hope my answer helps you

8 0
3 years ago
____ is a pattern of basic assumptions that is developed by a group as it learns to cope with problems of external adaptation an
Eduardwww [97]

Answer:

d) Organizational culture

Explanation:

Organization culture is the assumptions, beliefs, values, and ways of interactions that make an organization unique. It the organization's established ways of doing things.

Organization culture will include experiences, expectations, and philosophies that guide its members. Members of an organization express culture by the way they interact internally and with the outside world. Culture incorporates customs, attitudes, written and unwritten rules of an organization.

7 0
3 years ago
Assume Ford Motors expects a new hybrid-engine project to produce incremental cash flows of $50 million each year, and expects t
photoshop1234 [79]

Answer:

A) $560 million

Explanation:

First lets calculate the NPV of the cash stream by this investment,

PV Cash stream = Cash flow/ (r-g), where r = avg cost of capital and g = growth of the cash stream.

PV = 50 / (0.09 - 0.04)  = $1000 million

We assume that external finance issuance costs are payable as a part of initial outlay of the project and so,

Total initial outlay = 420 + 20 = $440 million

NPV of the project then,

NPV = 1000 - 440 = $560 million

Hope that helps.

8 0
3 years ago
Palace Company has two service departments and two user departments. The number of employees in each department is:Personnel 10C
joja [24]

Answer:

$3,483.17

Explanation:

Calculation for the amount of cost allocated to the Cafeteria under the step method

Using this formula

Allocation to Cafeteria=[Cafeteria/(Cafeteria+Producing Department A+Producing Department B)]×Budgeted costs

Let plug in the formula

Allocation to Cafeteria=[25/(25 + 308 + 287)] x $72,450

Allocation to Cafeteria=(25/520)×$72,450

Allocation to Cafeteria=0.0480769231×$72,450

Allocation to Cafeteria=$3,483.17

Therefore the amount of cost allocated to the Cafeteria under the step method would be $3,483.17

8 0
3 years ago
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