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marshall27 [118]
3 years ago
12

A company will need ​$60 comma 00060,000 in 88 years for a new addition. To meet this​ goal, the company deposits money in an ac

count today that pays 1212​% annual interest compounded quarterly. Find the amount that should be invested to total ​$60 comma 00060,000 in 88 years.
Business
1 answer:
kiruha [24]3 years ago
6 0

Answer:

$24,233 should be invested.

Explanation:

Future value is the sum of the compounding amount of interest and its principal at a given rate for some given period of time.

According to given date

Future value = FV = $60,000

Time period = n = 8 year

Interest rate = r = 12%

Future value = PV ( 1 + r )^n

$60,000 = PV ( 1 + 0.12 )^8

$60,000 = PV x 2.476

PV = $60,000 / 2.476

PV = $24,232.63

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babymother [125]

Answer:

The correct word for the blank space is: Consent decree.

Explanation:

A consent decree is an agreement of two parties ordered by a judge to avoid going further into a trial over matters that violate the law or regulatory codes. Consent decrees are used mostly used in <em>Civil Rights violations </em>typically where there are discrimination activities at work. In such a case, the  Equal <em>Employment Opportunity Commission</em> (EEOC) intervenes to make the consent decree agreement with the employer so the violations stop.

7 0
3 years ago
As a sole proprietor, Jessica took out a loan to buy equipment for her in-home business. If Jessica's business does not make eno
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Based on the given scenario above, the correct answer for this would be option A. So based on Jessica's situation, the condition that the scenario describes would be UNLIMITED PERSONAL LIABILITY. Unlimited liability<span> refers to the legal obligations that one must assume. Hope this is the answer that you are looking for. </span>
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3 years ago
Pay for knowledge programs:
barxatty [35]

Answer:

D. base an employee's salary on the number of task skills he or she possesses.

Explanation:

Pay for knowledge programme as the name implies, is when an employer renumerate an employee for learning or developing new skills/task on the job.

If an employee develop new skills while working and then get renumerated, this will make the employee get himself or herself acquainted with the company. In order words, the employee will go out of his way to improve his efficiency in terms of increase in productivity due to the new task skill gained.

In this reward system, the employer rewards the employee with payment increase for leaning new task and skills on the job which is beyond their regular activity.

4 0
3 years ago
(I) Banks are financial intermediaries that accept deposits and make loans.
m_a_m_a [10]

Answer:

A) (I) is true, (II) false.

Explanation:

Banks are financial intermediaries that accept deposits and make loans.

However the term "banks" does not regularly include firms such as credit unions, insurance companies, and pension funds.; because credit unions are not-for-profit organisations and insurance companies are a non-bank financial institution that provides its customers risk protection depending on the level of policy they have sold to such customers. Pension funds are more like deposits made against retirement.

5 0
3 years ago
Based on the marginal principle, would it make sense to for a business to expand their hours of operation if they project $1,500
krek1111 [17]

Answer:

Yes, because they will net $300 per week

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According to the marginal principle, production can be increased if marginal revenue would exceed marginal cost. It means that the venture would be profitable

Marginal cost is the increase in cost as a result of increasing output by one unit.

total marginal cost = 1000 + 50 + 150 = 1200

Marginal revenue is the increase in revenue as a result of increasing output by one unit.

Marginal revenue exceeds marginal cost by (1500 - 1200) 300. Thus, hours of operation can be increased

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