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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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zlopas [31]

Answer:

$125,000

Explanation:

<em>August's cash disbursements for materials purchases wiill be:</em>

= July month purchase paid amount + August month purchase paid amount

= ($110,000 * 25%) + ($130,000 * 75%)

= $27,500 + $97,500

= $125,000

6 0
3 years ago
The ultimate source of an organization's culture is Group of answer choices A. Its top management Its environment B. The country
Iteru [2.4K]

Answer:

The correct answer is C

Explanation:

Organizational culture is the culture or the system of the shared beliefs, assumptions and values, that governs the people or employees behave in the organization. And these shared values or beliefs have a very strong impact on the people in the organization.

The ultimate and final source of the organization culture is the founders of the organization as they dictate on how they should act, perform their jobs and dress.

4 0
3 years ago
In which of the following cases is it most likely that an increase in the size of a tax will decrease tax revenue? Answers: A) T
DiKsa [7]

Answer:

The correct answer is option D.

Explanation:

An increase in the size of tax is likely to increase the tax revenue when the price elasticity of supply, as well as price elasticity of demand, are both large.  

The imposition of tax will cause an increase in the price of the product. If the price elasticity of demand is higher, an increase in the price will lead to a more than proportionate decrease in demand.  

At the same time, high price elasticity of supply means that when the tax is imposed the sellers will be able to reduce quantity more easily.  

So when less output is produced and demanded the tax revenue will also be lower.

6 0
3 years ago
A false statement of material fact regarding ownership of business property that results in a loss of sales is referred to as __
fomenos

Answer:

D. Slander of title.

Explanation:

Slander of title occurs when someone publishes an untrue and disparaging statement about another person’s real property -- meaning a home, building, or parcel of land -- and the statement could have a negative impact on the property's value.

6 0
3 years ago
Seema, a creative director at a marketing agency, notices that her team members often perform better while working as a team tha
Irina18 [472]

Answer:

Social Facilitation.

Explanation:

Social facilitation is defined as the improvement in your performance when working with other people than alone.

So How does it Happen?

The theory is that when other's are around, the "Arousal" (or the increase in motivation) is increased and this creates stronger and improved responses from us towards work. (responses with the greatest habit strength)

7 0
3 years ago
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