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
Masja [62]
3 years ago
9

How much would you have to deposit today if you wanted to have $60,000 in four years? Annual interest rate is 9%. (PV of $1, FV

of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 8% on your investments, how much would you have to deposit today to have $15,000 when you graduate? (Round your answer to 2 decimal places.)
Business
1 answer:
o-na [289]3 years ago
4 0

Answer:

a. $42,505.51

b. $12,860.08

Explanation:

The computation of the present value is shown below:-

Present value = FV ÷ (1 + r) × n

= $60,000 ÷ (1 + 0.09) × 4

= 60,000 ÷ 1.411582

= $42,505.51

b. The computation of present value is shown below:-

Present value = FV ÷ (1 + r) × n

= 15,000 ÷ (1 + 0.08) × 2

= 15,000 ÷ 1.1664

= $12,860.08

Therefore we have applied the above formula.

You might be interested in
Kathy is working her way through college. she has a job at burger fast where she makes an annual salary of $12,500. what is her
Liula [17]
520.83 cents take the amount divide it by 12 then 2.
7 0
3 years ago
The market system is also known as ________, while the command system is also known as ________.
Afina-wow [57]

The market system is also known as capitalism, while the command system is also known as communism. The market system is owned by private ownership, businessman and companies, hence it has capitalism concept. The command system is owned by a community or public.

Hence it can be said that

The market system is also known as <u>capitalism</u>, while the command system is also known as <u>communism</u>.




3 0
3 years ago
Plzzz help (use attached photo)
myrzilka [38]

Answer:

Academic achievements. ...

Relevant coursework. ...

Clubs. ...

Sports and musical instruments. ...

Volunteer work. ...

Languages. ...

Computer skills. ...

Any kind of employment at all.

Explanation:

7 0
3 years ago
Mona sets up a business consulting firm in which the employees are motivated because they find their work interesting and creati
gayaneshka [121]

Answer:

Letter C is correct. <em>A firm that relies on high output controls to tap into intrinsic motivation.</em>

Explanation:

By carefully selecting the employees of his consulting firm, Mona ensures that each employee's expected competency and skills profile has been met through rigorous selection, which enhances the chances that operational strategies will be more widely deployed and accepted effective.

By setting the expected results, but letting the employees themselves define how to achieve them, it generates an intrinsic motivation, one that generates internal feelings in the individual to want to achieve personal goals, objectives and projects that motivate and stimulate them.

4 0
4 years ago
Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data
ehidna [41]

Answer:

a.$7.43 per machine hour

Explanation:

The computation of the single plant wide rate is shown below:

Single plant wide rate = Total overhead cost ÷ Machine hours

where,

Total overhead cost = $84,000 + $72,000 = $156,000

And, the machine hours is

= 1,000 units × 5 + 2,000 units × 8

= 5,000 + 16,000

= 21,000 machine hours

So, the single plant wide rate is

= $156,000 ÷ 21,000 machine hours

= $7.43 per machine hour

4 0
4 years ago
Other questions:
  • You must decline an employee's request to telecommute three days per week. Which of the following statements best explains why t
    9·1 answer
  • Bourdon Software has 11.2 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and c
    5·1 answer
  • Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree.
    10·1 answer
  • Marshland Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information i
    10·1 answer
  • The quantity demanded of a good is the amount that buyers are a. willing to purchase. b. willing and able to purchase. c. willin
    8·1 answer
  • PS.02 A process that utilizes inexpensive general-purpose capital equipment will tend to have higher skilled workers.
    10·1 answer
  • Exercise 6-1A Calculate cost of goods sold (LO6-2) Russell Retail Group begins the year with inventory of $55,000 and ends the y
    7·1 answer
  • The chart shows a range of credit scores.
    11·2 answers
  • Sheridan Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An emplo
    7·1 answer
  • Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations. Enter your answers as
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!