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SOVA2 [1]
3 years ago
15

A small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when

it wears out, the company wants to establish a savings account today. If the interest rate on the account is 1.1 percent compounded quarterly and the cost of the machinery will be $255,000, how much will the company have to deposit today
Business
1 answer:
garik1379 [7]3 years ago
8 0

Answer:

The amount to be deposited today is: $211, 562.44

Explanation:

Compound interest is interest that is reinvested to the initial amount that was loaned or deposited in a bank account. This means that the next interest will be calculated using the principal amount (initial amount deposited) plus the interest that is reinvested in the current period. Compound interest is calculated as follows:

FV =  PV/ ((1 + (i/n))^(nT)

FV = Future value

PV = Present Value

i = interest rate

n = number of times interest rate is applied per period

T = number of periods

In this question, PV is required to determine how much money we need to deposit today. Therefore, PV is made the subject of the formula as follows:

PV = FV/((1 + (i/n))^(nT)

PV = $255,000/ (1+(0.011/4))^(4*17)

     = $255000/(1.00275)^68

     =$211,562.4443

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I have a 88.1% right now, if I get 15 out of 15 on this assignment what will my grade be
artcher [175]

So you start with a 88.1%.

Here is how I figure it...

If you get a 15 out of 15 on an assignment, that would be a 100% for your assignment grade.

You take 100% and add it to your 88.1% and you get 188.1%. That doesn't seem reasonable for a grade though does it...

So you take that 188.1% and you divide it by 2 (divide it in half) and you get 94.05%.

So if you get 15 out of 15 on your assignment your grade will go up to a 94.05% as I figure.


Word problem:

15 out of 15= 100%+88.1%= 188.1%÷2= 94.05%


Your final grade as I figure would be a <em><u>94.05%</u></em>




5 0
3 years ago
Roll over each phrase to see various actions that ensure fair communications. Then drag the actions to the most appropriate cate
marta [7]

Answer / Explanation:

Access: Real motives, Asking customers, Providing data, allowing expression

Impacts: Thinking about your idea, thinking of the community

Fact: Checking your report, Avoiding exaggeration

Respect: Valuing others opinions, choosing words carefully.

Now to be able to fully comprehend the aforementioned above, let us define a couple of them.

Access: This simply refers to being able to get approval to what is needed

Impact: This refers to or can be likened to the action of an object coming forcibly into contact with another external object.

Fact: This can be likened to a process that has been tested and proven to be an established principle.

Respect: This can be referred to as the feeling of admiration for an individual or group of people due to their perceived abilities or level of achievement.

With the brief definition of this terms, i hope you find it logical why the action were dragged to the perceived most appropriate category.

5 0
3 years ago
Dollar-cost averaging means that you buy equal dollar amounts of a stock every period, for example, $500 per month. The strategy
lana [24]

Answer:

Read the explanation below

Explanation:

Dollar-cost averaging is based on the belief that prices of stock fluctuate around a normal level.  Without this notion, it will not be possible to determine what can be seen as high or low now compared to the future.

The benefits of Dollar Cost Averaging attracts investors to employ. These benefits include:

1. It contributes on a regular basis to portfolios of investment.

2. The problem of market timing is eliminated especially for investors do not have time to track the market regularly or who lack the understanding of the market.

3. The cost basis to consumers on stocks whose values decline are is reduced.

4. It is easy to set up and not expensive especially for investors with no huge amount of money to invest. Like the example in the question, it easier for a salary earner to invest $500 monthly than investing $5,000 in a day.

Despite these advantages, dollar-cost averaging has its own disadvantages, and these include:

1. It has been found out in different studies that investor that can time the market correctly and invest a lump sum amount receive a higher return in the long run than what dollar-cost averaging can fetch.

2. The transaction costs paid by the investors significantly increased because of more number of different transactions when brokerage fee is high.

I wish you the best.

7 0
3 years ago
I’m ancient times, memory was a vital component in public speaking because?
Alex Ar [27]

Rhetoric was the primary element of composition and speaking speech delivery in classical Greece and Rome, both of which were essential abilities for individuals to utilise in both ancient public and private life.

Citizens in ancient Greece spoke for themselves rather than having experts, such as modern lawyers, speaking on their behalf. One can better understand the present by studying history. Consider studying ancient history if you're interested in learning how the art of public speaking has changed over time. About 2,500 years ago, in ancient Athens, public speaking was invented. Men were expected to speak as part of their civic responsibilities, which included doing so in legislative bodies and in court.

To learn more about ancient, click here.

brainly.com/question/505050

#SPJ1

6 0
1 year ago
The nominal interest rate is 6 percent and the inflation rate is 3 percent. What is the real interest rate
rusak2 [61]

Answer:

3%

Explanation:

real interest rate ≈ nomial interest rate - inflation

ratereal interest rate ≈ 6 - 3 ≈ 3%

Please mark as brainliest if you find this useful, I need it to rank up

5 0
2 years ago
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