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aalyn [17]
2 years ago
7

Suppose you want to have $400,000 for g retirement in 25 years. Your account earns 8% interest. How much would you need to depos

it in the account each month?
Business
1 answer:
MA_775_DIABLO [31]2 years ago
3 0

Answer:

$418

Explanation:

FV = $400,000. This is the amount you want to have in your retirement account 25 years from now

i/r = 8%/year = 0.67%/month. The interest that the account pays

n = 25 years = 25 x 12 = 300 months

PV = 0

PMT (The amount of monthly deposit required to achieve the target above. This is the missing value we need to calculate)

By using financial calculator, we obtain:

PMT = $418

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The demand for emeralds tends to be very elastic. This is because emeralds are more of a _____________. It also means that a 33%
Natalka [10]

Answer:

C) luxury item, an increase

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.

An elastic demand means a small change in price leads to a greater change in quantity demanded.

A luxury good is a good that isn't a necessity. They are usually bought as a status symbol.

Luxury goods usually have elastic demands.

Emeralds are luxury goods and if there's a fall in price of emeralds the quantity demanded of emeralds would rise.

I hope my answer helps you

8 0
2 years ago
If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American​ dollar,
Pie

Answer:C

Explanation: Since you need 2.5 Canadian Dollars, .89 = to 1. Therefore 2.5 times the .89 equals to 2.225, or rounding up to 2.23

6 0
3 years ago
How are permit departments helpful in conversion investigation efforts?
Lerok [7]

Answer:

Option B is the correct answer.

Explanation:

Business permits regulate the safety, structure, and appearance of the business community. They act as proof that a business follows specific laws and ordinances. Requirements differ by jurisdiction, and failure to comply often results in fines or even having the business shut down. Therefore, most businesses need a general business license to operate in a particular county or city.

Thus, the permit departments are helpful in conversion investigation efforts by identifying the nature and location of businesses, new leases, and recent constructions.

Option B is the correct answer.

3 0
3 years ago
Stratford Company purchased a machine with an estimated useful life of seven years. The machine will generate cash inflows of $9
Amiraneli [1.4K]

Answer:

The price o the machine is = $268,157.69

Explanation:

<em>The Net present value is the difference between the present value (PV) cash inflows and the initial cost of the investment.</em>

<em>PV of cash inflow =</em>

90,000× (1- (1.1)^(-7) )/0.1

=  438,157.69

NPV = PV of cash inflow - cost of the machine

<em>Let represent cost of the machine as " y "</em>

170,000 =  438,157.69  - y

y = 438,157.69- 170,000

y =  268,157.69

The price o the machine is = $268,157.69

4 0
3 years ago
Since Henry Ford first adapted the conveyor belts of grain factories to create an assembly line, there have been several modific
borishaifa [10]

Four new manufacturing processes include 3D printing, smart factory, IIoT, and virtual reality, these technologies have a positive impact in diverse sectors and are used for manufacturing

During the last years, the development of technology has produced different objects such as smart appliances, smartphones, smart cars that have changed people's lives.

These technological improvements have also revolutionized the way of manufacturing different objects because they have improved the design, production, and marketing processes of the products. Several developments that have contributed to the industry are:

3D printing: It is a development that allows manufacturing objects or parts in different materials derived from petroleum.

  • This technological advance affects the parts manufacturing sector in different ways
  • In a toy factory, this development allows creating the parts of the toys much easier and more efficient

Smart factory: It is a technological development that allows improving the manufacture of objects through the use of digitized and connected machines to improve the production process.

  • This technological advance affects all manufacturing subsectors because it integrates all processes.
  • In a car factory, this development allows the assembly of a car to be done automatically and efficiently

Industrial internet of things (IIoT): It is a technological development that allows improving the manufacture of objects through the use of digital devices that work with artificial intelligence that perform a process and also analyze data to make productivity improvements.

  • This technological advance affects all manufacturing subsectors because it integrates all production processes.
  • In a food factory, this development allows production, packaging, sealing, and other processes to be carried out completely in the best way.

Virtual reality: It is a technological development that allows improving the manufacture of objects through the use of simulations that allows us to know previously how the performance of an object will be.

  • This technological advance affects the design and quality control process to evaluate the functionality of the manufactured object.
  • In a high-end bicycle factory, it allows knowing the performance of the materials in different types of roads, climatic conditions, and situations.

Learn more in: brainly.com/question/15689921

4 0
2 years ago
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