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
marusya05 [52]
4 years ago
7

You and your sister are planning a large anniversary party 3 years from today for your parents' 50th wedding anniversary. You ha

ve estimated that you will need $4,500 for this party. You can earn 2.5 percent compounded annually on your savings. How much would you and your sister have to deposit today in one lump sum to pay for the entire party?
Business
1 answer:
sveta [45]4 years ago
6 0

Answer:

$4,178.6973

Explanation:

The party has to be recognized three years from today.

That means that interest can be earned for three years @ 2.5% compounded annually.

The three years compounded value of $1 @ 2.5% interest compounded annually = $1.07689

Thus, value of $4,500 today = \frac{4,500}{1.07689} = 4,178.6973

Thus, if $4,178.697 is invested today in this savings then no further amount would be needed three years after such investment.

You might be interested in
What is say's law in economics
Radda [10]

Answer:

Say's law in economics is the ability to purchase something depends on the ability to produce and thereby generate income.

6 0
3 years ago
On January 1, 2018, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To
Nikolay [14]

Answer:

$800

Explanation:

$800 = $400 cash + ($1.0 x 40 shares) common share + ($9 x 40 shares) adjusted price in common shares

3 0
3 years ago
One major difference between low-income children who participated in the high scope preschool project and those that did not par
Ganezh [65]

One major difference between low-income children who participated in the high-scope preschool project and those that did not participate was that at the age of 27 years, <u>those who practiced were more likely to be married and own their house</u>.

The Perry Preschool project set up the lasting human and economic price of early life schooling and caused the establishment of the HighScope education studies foundation and one of the first early formative years applications in the u.s. intentionally designed to increase faculty fulfillment for preschool.

Outcomes of the Perry Preschool program consist of: better school fulfillment; extended excessive college graduation prices amongst women; higher employment charges; better profits; and notably decrease crime fees. There were no lasting profits on checks of intellectual performance (IQ exams).

The HighScope educational research foundation research strategies for early formative years of education are primarily based on the methods of the 1962 Perry Preschool observation. It was founded in 1970 with the aid of psychologist David Weikart.

Learn more about the Perry Preschool program here brainly.com/question/25630852

#SPJ4

3 0
2 years ago
When a company is able to expand its operations by exporting globally, it can often achieve greater economies of scale which res
gogolik [260]

When a business is able to grow by exporting its products around the world, it can frequently attain larger economies of scale, which leads to reduced unit costs.

A company's production unit cost often goes down as it grows. This reduction is the result of economies of scale. By employing the least expensive production techniques, profits will be maximized.

Consumers' prices are lowered as a result of lower cost-per-unit, which increases their real wages overall and makes it easier for them to locate affordable goods.

Businesses from one country offer their goods and services to clients or consumers in another country through the exporting process.

When a company produces more goods at a larger scale while paying less money on average per unit of output, this is a phenomenon known as economies of scale.

Learn more about economies of scale here:

brainly.com/question/23633985

#SPJ4

8 0
1 year ago
The __________ assures the payment of otherwise non-collectable court judgments against licensees who have committed fraud, misr
Finger [1]

The SAFE act assures the payment of otherwise non-collectable court judgments against licensees who have committed fraud, misrepresentation, deceit, or conversion of trust funds in a transaction.

<h3>What is the SAFE act?</h3>

This was the act in the United States that made it mandatory for houses to be registered and licensed.

The act is based on houses that are used as residences. The full meaning of the act is the  Secure and Fair Enforcement for Mortgage Licensing Act.

The main purpose of the SAFE act is to try to ensure that consumers are protected and also help in the reduction of fraud. This would be done by setting a standard for licensing and the originators of mortgage loans.

Hence the correct answer to the question is the SAFE act.

Read more on court judgement here; brainly.com/question/14077067

#SPJ1

4 0
2 years ago
Other questions:
  • SOMEONE PLEASE HELP ME ASAP PLEASE!!!!!​
    14·1 answer
  • A stock sells for $6.99 on December 31, providing the seller with a 6% annual return. What was the price of the stock at the beg
    8·1 answer
  • A liability created when a business collects cash from customers in advance of providing services or delivering goods is called?
    10·1 answer
  • LO 3.2A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be the company’s pre-tax
    11·1 answer
  • Which of the following technologies permits service calls to U.S. companies to be answered in India just as easily and inexpensi
    13·1 answer
  • Refined Grains, Inc., is a Kansas-based firm that does business throughout the world. Refined Grains manages retail and wholesal
    9·1 answer
  • Hardwoods, a timber supplying company, contracted with a furniture manufacturer, Taylor Furniture. Hardwoods owned a large plot
    12·1 answer
  • On April 1, Quality Corporation, a U.S. company, expects to sell merchandise to a French customer in three months, denominating
    13·1 answer
  • Qwest Communications International, Inc. borrowed $499,000 on November 1, 2021, and signed a 12-month note bearing interest at 8
    12·1 answer
  • Takisha Jorimoto works in finance for a small microbrewery. This week Takisha is working on a budget for the next 12 months. She
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!