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
saw5 [17]
3 years ago
9

sarah Jones wants to deposit $2,000 per year into an account earning 4 percent for the next 3 years, so she can purchase a used

car at that time. What type of computation would she use to determine the amount she will have accumulated for this purchase?
Business
1 answer:
andre [41]3 years ago
5 0

Answer:

Compounding formula would be used here which is as under:

Future Value = Present value * (1+r)^n

FV = (PV is $2000) *  ( 1 + 4%)^ 3 number of years

Remember that r is the return that is 4% that Sarah Jones will receive.

So

FV = $2250

So this is the amount that she will receive after three years. I would recommend her to invest in ordinary shares (take higher risk for higher return) so that she is able to buy a better car.

You might be interested in
The manager of a clothing store in the mall has hired five new employees for the summer. All of them have just graduated from hi
Pepsi [2]

Answer:

Theory X

Explanation:

It is correct to say that this manager is using the management approach known as theory X, which is a philosophy that says employees work only for the benefits they receive, and that they avoid job responsibilities, so management must be inflexible and follow the hierarchy of functions, with the manager being responsible for a high degree of supervision of the work and the responsibility of the employee for any error.

Theory X may not be ideal for the current administration, where the focus of organizations are people and the formation of a culture focused on innovation and collaboration.

5 0
2 years ago
the nominal interest rate is 7 percent and the expected inflation rate is 4 percent. the real interest rate is
Hoochie [10]

Answer:

2.88%

Explanation:

According to the fisher equation :

(1 + Nominal interest ) = (1 + real interest) (1 + inflation rate)

(1.07) = (1.04) x (1 + real interest)

(1.07) / (1.04) = (1 + real interest)

1.028846

real interest rate = 2.88%

6 0
3 years ago
Extra pairs of shoes and music downloads are examples of
s344n2d4d5 [400]

Answer:

These are examples of <u><em>WANTS!</em></u>

Explanation:

6 0
3 years ago
Read 2 more answers
Which of the following is a true statement?
Yuki888 [10]

Answer:

I think it's C, New products bring great rewards with little risk

3 0
3 years ago
Diego's company was bidding on the construction of a new penguin display at a zoo. When putting together his bid, Diego began by
lisov135 [29]

Answer:

Target costing

Explanation:

Target costing is a demand-based pricing strategy in which the budget is determined based on a target cost that is stablished according to the customer's willingness to pay. The cost of production added to the desired profit margin should not surpass the customer's willingness to pay in order for this method to be applied.

6 0
3 years ago
Other questions:
  • Suppose that you only have liability and comprehensive car insurance and you allow your roommate (who doesn't have car insurance
    9·1 answer
  • Dr. judd is convinced that psychological disorders result largely from stressful social situations rather than from disturbances
    14·1 answer
  • If ticket prices were decreased by 10%, passenger flights would increase by 25%. However, total variable costs would increase by
    13·1 answer
  • The three modern types of entrepreneur that have emerged after the description of different entrepreneurial types by Arthur Cole
    5·2 answers
  • GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in adv
    5·1 answer
  • John and Jill Jones sold stock that resulted in a short-term capital loss of $5,000. They had no other capital transactions duri
    11·1 answer
  • During the month of February, Smiling Moon Inc. had cash receipts of $10,000 and cash disbursements of $7,700. The February 28 c
    7·1 answer
  • Spark Company's static budget is based on a planned activity level of 45,000 units. At the same time the static budget was prepa
    11·1 answer
  • The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics Internation
    7·1 answer
  • Charley Davison Inc. produced 10,000 motorcycles last year and sold 9,000 of them each for $18,000/bike. Variable cost was $13,0
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!