Answer:
She have to invest $7,387 today to achieve goal
Explanation:
Future value is the accumulated value of principal and compounding interest after some period of investment.
Target Future value = A = $14,500
Number of year = 12 years
Yearling compounding = 2 time a year
Total compounding = n = 12 x 2 = 24 compounding periods
Interest rate = r = 5.7% yearly = 5.7% / 2 = 2.85% semiannually
A = P ( 1 + r )^n
$14,500 = P ( 1 + 2.85% )^24
$14,500 = P x 1.963
P = $14,500 / 1.963
P = 7,386.65
P = 7,387
<span>This is a true statement. This allows for a company to show that there are differences in the quality or the efficacy of a line of products. The more expensive the product is, the more likely it is to be seen as of a higher quality or as having better constituent elements.</span>
Answer:
joint tenancy
Explanation:
The question does not specify if Max and Heather are married, it only tells us that their heirs can inherit the estate. If they were married, generally joint tenancy is automatic, which means that both own the property. But joint tenancy can also happen if people aren't married. Maybe they are friends who decided to buy a beach house together, and they both own it and have the right to use it.
The rate of increase for these automobiles between the two time periods is 10%
<h3>What is automobiles?</h3>
Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.
In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-
Increased rate = (current value -Initial value )/current value * 100
=( $13,200 - $12,000)/ $12,000 *100
=$1200/ 12000 *100
= 10%
Therefore, the rate of the increase for these automobile between 2 periods is 10%.
Learn more about increase rate here:
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