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
rewona [7]
3 years ago
6

Michael will attend college in 5 years. He anticipates he will need $19,000 to pay for the first year. He currently has $6,400 i

n a savings account.
Without including any interest earned, what is a reasonable estimate of the amount Michael needs to deposit into his savings account each month over the next 5 years to be able to pay for his first year of college?
Business
2 answers:
spin [16.1K]3 years ago
4 0

Answer:

$210

Explanation:

Michael will be attending college in 5 years.

The college will cost $19,000

He has $6400

So he needs = $19,000 - $6400= 12,600.

Michael will need 12,600 in 5 years.

Every month Michael will need to save?

Five years are equivalent  5 x 12 months

= 60 months.

Every month he will save = 12,600 /60

= $210 without considering interest earned.

Annette [7]3 years ago
4 0

Answer:

the answer is 200

Explanation:

You might be interested in
Where to buy a legal operating system for computer
Crazy boy [7]
That depends on which operating system you're looking for, the purposes you need it for and where you live.

If we're assuming an average user with no special requirements for programming or other specialised tasks then I'd recommend Windows 10.

Windows 10 is the most popular OS (Operating System) and is widely supported by the community of you run into trouble.

You can find a liscenced copy from their website, which you may need to change to your locale and most computer shops will sell copies too, including online companies like Amazon, but if you're unsure then Microsoft is the best bet.
https://www.microsoft.com/en-gb/store/d/windows-10-home/d76qx4bznwk4/1NT3

I hope this helps.
7 0
3 years ago
The time value of money theory consists in four beliefs: (1) Investment risk is important; (2) money today is worth more than mo
Schach [20]

Answer:

The four beliefs are true. But accuracy is demanded

Explanation:

1 Investment risk is important ir order to estimate the likelihood of occurrance of  losses in the future.

2. money today is worth more than <em>the same amount </em>of money tomorrow.

3. inflation must be considered when making investment decisions, because  makes money lose their value in the future.

4. investment opportunity costs must be considered. Is necessary to compare investments with financial products or other commercial activities.

4 0
3 years ago
A case in which people like to drink orange juice at breakfast but not before going to bed, and do not like to drink milk for br
yulyashka [42]

Answer:

Letter C is correct. <u>Person by situation interaction.</u>

<u>Explanation:</u>

This is a cognitive process that occurs through the individual perspective of each human being. This implies that our behavior is not totally conditioned by an automatic response predetermined by any variables, but what determines our way of being and acting is the set of learnings, memories, thoughts and perceptions about certain situations as well. as the process of social interaction, which determines how the experiences and actions lived by an individual in society will actively influence their tastes, actions and perceptions about society in general.

8 0
3 years ago
In response to a shortage caused by the imposition of a binding price ceiling on a market,
Margaret [11]

In response to a shortage caused by the imposition of a binding price ceiling on a market,

a. price will no longer be the mechanism that rations scarce resources.

b. long lines of buyers may develop.

c. sellers could ration the good or service according to their own personal biases.

A binding price ceiling is when the government or an agency of the government sets the maximum price of a good or service below the equilibrium price.

When price of a good is set below the equilibrium price of the good, the producer surplus would decreases and the consumer surplus would increase. This would lead to an excess of demand over supply. As a result, a shortage would occur. As a result of the shortage, black markets would occur.

To learn more about a price ceiling, please check: brainly.com/question/24312330

6 0
2 years ago
"All three levels are required to run an organization or a business smoothy"Justify the statement.​
Reika [66]

Answer:

"All three levels are required to run an organization or a business " according to my point of view it is true without anyone levels (sector) business or organization not imagine to run

5 0
3 years ago
Other questions:
  • Workers are responsible for the production of goods in a business,
    9·1 answer
  • The Financial Services Modernization Act allowed bank holding companies to open insurance underwriting affiliates and allowed in
    7·1 answer
  • Motonous Corporation has completed its fiscal year and reported the following information. The company had current assets of $15
    12·1 answer
  • Determine the quotient:2 4/7÷1 3/6
    6·1 answer
  • Suppose you own a proprietorship that is in serious financial difficulty. The assets of the company are $100,000, but liabilitie
    13·1 answer
  • Data Recovery Systems (DRS) has a degree of operating leverage (DOL) equal to 3.2x and a degree of total leverage (DTL) equal to
    9·1 answer
  • If the credit to record the purchase of supplies on account is not posted
    14·1 answer
  • Marketing to people based on their lifestyle is called
    9·1 answer
  • What is the term for an employer's obligation to do something to enable an otherwise qualified person to perform a job? Multiple
    13·1 answer
  • he income statement columns in the end-of-period spreadsheet show that debits are equal to $26,754 and credits are $68,142. what
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!