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Ira Lisetskai [31]
3 years ago
7

Imagine that you have saved $1,000. You would like to do something with the money so that, in a few years, you have a down payme

nt for a new car. You're not sure if you should invest it or deposit it into a another type of account. In this project, you will not need to decide where to invest the money. However, you will look at a variety of sources that give advice about what to do with the money. You will also decide which sources are reliable and relevant.
Business
1 answer:
Vinvika [58]3 years ago
4 0

Answer:

I think you spend to much so when you are trying to get new stuff you have to invest to get how much money you want for the car.

Explanation:

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What is the major reason(s) for consumer default on loans?
denis-greek [22]
<span>Major reasons for consumer default on loans can include: missed payments, either known or unknown. This has a negative effect on the consumer's credit score and can limit their chances to take out new lines of credit. A continuation of missed payments results in default. High interest loans are also a major reason for default.</span>
6 0
3 years ago
What economic challenge did the newly formed American federal government face? Which act created nationally chartered banks and
Nadya [2.5K]

Answer:

Inflation;National Banking Act ;Panic of 1907

Explanation:

What economic challenge did the newly formed American federal government face? Inflation

Which act created nationally chartered banks and circulated notes backed by the federal government? National Banking Act was pass during the Civil War, it was created so as to provide for nationally chartered banks, whose circulating notes had to be backed by U.S. government

What economic event led to the creation of the Federal Reserve?  Panic of 1907 resulted in the creation of Federal Reserve by the Congress due the wreaked havoc on the fragile banking system at that time

8 0
2 years ago
Read 2 more answers
Mary O. Andrettey wants to purchase an expensive sports car. She needs to borrow money to purchase the car, and has loan proposa
irina [24]

Answer: Proposal C

Explanation:

The way to solve this is to calculate the Present Values of all these payments. The smallest present value is the best.

Proposal A.

Periodic payment of $2,000 makes this an annuity.

Present value of Annuity = Annuity * ( 1 - ( 1 + r ) ^ -n)/r

= 2,000 * (1 - (1 + 0.5%)⁻⁶⁰) / 0.5%

= $103,451.12

Proposal B

Present value = Down payment + present value of annuity

= 10,000 + [2,200 * ( 1 - ( 1 + 0.5%)⁻⁴⁸) / 0.5%]

= 10,000 + 93,676.70

= $103,676.70

Proposal C

Present value = Present value of annuity + Present value of future payment

= [500 * (1 - (1 + 0.5%)⁻³⁶) / 0.5%] + [116,000 / (1 + 0.5%)⁶⁰]

= 16,435.51 + 85,999.17

= $‭102,434.68‬

<em>Proposal C has the lowest present value and so is best. </em>

6 0
3 years ago
Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transaction
valentinak56 [21]

Answer:

Total Stockholders' Equity = $2,334,370

Explanation:

Note: See the attached excel file for the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018 with all the formulae used.

In the attached excel file, the retained earnings is calculated as follows:

Retained earnings = Net income – Common dividends - Preferred dividends = $149,000 - $94,000 - $1,330) = $53,670

From the attached excel file, we have:

Total Stockholders' Equity = $2,334,370

Download xlsx
6 0
3 years ago
Explain how each of the following will affect the net public​ debt, other things being equal. a. ​Previously, the government ope
gayaneshka [121]

Answer:

A. - The net public debt decreases

The net public debt decreases because the government has obtained more funds in tax revenue. For this reason, the government will likely run a budget surplus.

B. - The net public debt increases

The government was already running a budget deficit (albeit a small one). With the effects of the hurricane, the government will have to spend more to help the people affected, and will likely have to borrow even more, increasing its deficit.

C. - The net public debt remains unchanged

There was a transfer of funds from one government agency to the other, and the net effect of such transfer is likely to be very small to make any significant change in the net public debt. The net public debt remains unchanged.

4 0
3 years ago
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