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bearhunter [10]
3 years ago
10

Sandra Robinson is saving to buy a house in five years. She plans to put 20 percent down at that time, and she believes that she

will need $26,000 for the down payment. If Sandra can invest in a fund that pays 7.20 percent annual interest, compounded quarterly, how much will she have to invest today to have enough money for the down payment? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
Business
1 answer:
Luden [163]3 years ago
8 0

Answer:

Sandra will deposit $  18,197.75

Explanation:

It need to obtain 26,000 dollars in five years.

She will invest at 7.20 annual compounding quarterly.

We need to know to calculate the lump sum Sandra needs to deposit today.

We use present value of a lump sum formula:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $26,000

time   20 (five years x 4 quarters per year)

rate  0.018 (7.2 / 4 quarter per year)

\frac{26000}{(1 + 0.018)^{20} } = PV  

PV   18,197.75

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During December, Far West Services makes a $2,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
klasskru [66]

Answer:

This long of a question for onmly 10 points? But ill answe rit anyway. 48000299 the 200

Explanation:

3 0
3 years ago
Explain two barriers to entry for a new business
Marianna [84]

Answer: Government regulation, Economies of scale

Explanation:

Barriers to entry refers to the restrictions that are imposed on the entry of a new firm or business into the market. These can be,

a). <em>Government regulation</em>- Sometimes the government puts many restrictions on the entry of a new firm. These can be license requirement or by limiting the availability of a resource.

b). <em>Economies of scale</em>- These refer to the efficiency in production that occurs when one firm grows larger in size and is able to cover the entire market at a lower cost than many small firms producing the same good in smaller quantities. The cost of production is lower for a single firm than for many firms.


6 0
3 years ago
Read 2 more answers
What is a disadvantage of government bonds?
hjlf
None of those answers are suitable to me.

Government bonds are generally regarded as low-risk and they typically have modest (low) interest rates for return on investment, and these are advantages really. So we can discount answer A, C, and D.

I guess you could say that bonds can be hard to find (Answer B) but this not really true. There is always a bond market to trade bonds on. It requires setting up a trading account or speaking to a broker so this can be more difficult than putting money in a bank account, but to be honest I don't think any of those answers are appropriate for the question.
3 0
3 years ago
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How are traditional economies like free-market economies?
shutvik [7]
The last one. hope it helps!
7 0
3 years ago
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During the first week of October, the workers at Walton's Widget Factory produced the following outputs: on Monday, 10 workers p
EleoNora [17]

Answer:

The average product of labor per day is 324

Explanation:

To find the average product of labor per day we need to know the total number of widgets produced divided by the worked days.

Average Product= total number of widgets /days

Monday, 10=250 widgets

Tuesday, 11=286 widgets

Wednesday, 13 =364 widgets

Thursday, 14 workers= 396 widgets

Friday, 12 workers=324 widgets

TOTAL WIDGETS= 250+286+364+396+324=1620

Days= 5 days

Average Product= 1620/5=324

8 0
3 years ago
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