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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:

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Norma-Jean [14]

Answer:

Equilibrium quantity will increase; Equilibrium price is ambiguous.

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Simultaneously, the students are ready to party in the new quarter which indicates that the demand for beer increases. This will shift the demand curve for beer rightwards.

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A property owner installs a new air conditioning system. how does this affect the property's effective age?
Rama09 [41]

The effect that the newly installed air conditioning system would have on the property's effective age would be: it decreases it.

<h3>What is a Property's Effective Age?</h3>

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It helps giving you the ability to choose what you think is best for your business

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Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).

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Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?

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