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Rus_ich [418]
2 years ago
15

Tara and her parents want to save at least $40,000 for college in 8 years. Which statement describes the most effective savings

plan for Tara and her parents to meet their goal? Tara and her parents should make deposits of $300 every month into a college savings account. Tara and her parents should make deposits of $450 every month into a college savings account. Tara and her parents should make deposits of $3,000 every year into a college savings account. Tara and her parents should make deposits of $4,000 every year into a college savings account
Business
2 answers:
Minchanka [31]2 years ago
4 0

Tara and her parents should make deposits of $450 every month into a college savings account.


iogann1982 [59]2 years ago
4 0

The best option for saving for college that is listed is for Tara and her parents to make deposits of $450 every month into a college savings account. Saving monthly over yearly is usually a better option because it's easier to break down monthly payments and budget for it rather than remembering once a year to put money in a college savings fund. If you need $40,000 at the end of 8 years, to find the amount you should deposit monthly goes as follows:

Take the amount of years and multiply it by 12 months in a year, (8)(12) = 96. There are 96 months between now and needing the money for college. To then find the amount to save take 96 and divide it by $40,000, the total is $417, so if they only saved $300, they would not have enough therefor saving $450 allows for the money to be there by the 8 year mark.

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Answer:

b

Explanation:

A price taking firm is a firm that must sell at the price determined by the forces of demand and supply. This is typical of firms that in industries that sell identical products.

If the firm charges a price higher than equilibrium price, customers would go to other suppliers and the firm would sell known of its product.

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An example of an industry characterised by price taking firms are perfectly competitive industries.

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5 0
3 years ago
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max2010maxim [7]

Answer:

Market Price $985.01

Explanation:

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(1 + 0.078/2)^{2} -1 = 0.079521

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So we are going to calculate the present value using this rate.

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6 0
3 years ago
A company pays its employees $2,900 each Friday, which amounts to $580 per day for the five-day workweek that begins on Monday.
Readme [11.4K]

Answer:

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Explanation:

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Therefore the amount of salaries earned but unpaid at the end of the accounting period is: $2,320

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3 years ago
A company reported that its bonds (a long-term liability) with a par value of $50,000 and a carrying value of $61,000 are sold f
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Answer:

c and e

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8 0
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Which of the following is the best definition of transferable skills?
Rainbow [258]

Answer:

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Considering the available options, the best definition of transferable skills is "Skills that you may have learned in one context that you can take with you to many other contexts and industries."

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