You are saving $30 each month. You have a goal to accumulate $700 in savings. How long will it take you?

Growing perpetuity: You are evaluating a growing perpetuity investment from a large financial services firm. The investment prom

andrey2020 [161]

Answer:

The correct answer is $357,142.86.

Explanation:

According to the scenario, the given data are as follows:

Initial payment = $20,000

Growth rate = 3.4%

Discount rate = 9%

So, we can calculate the present value, by using following formula:

Present Value = Initial payment ÷ ( Discount rate - Growth rate)

By putting the value, we get

= $20,000 ÷ (0.09-0.034)

= 357,142.86

Hence, The present value of this Growing perpetuity is $357,142.86

8 0

3 years ago

The state of Florida is known to produce oranges more than majority of the other states, so Florida has a(n) __________ in orang

Simora [160]

Answer:70% production

Provide your answers to pick from please.

Explanation:

4 0

3 years ago

What measures the change in prices of a basket of goods and services in a given year?

GalinKa [24]

The measures that change in prices of a basket of goods and services in a given year include option D: inflation.

<h3>What do you mean by term Inflation?</h3>

The term inflation is defined as the rise in the prices of goods and services in an economy.

The average change over time in the prices paid by urban consumers for a market basket goods and services of consumer is measured by the consumer price index.

Therefore, correct option is D.

Learn more about inflation, refer to the link:

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8 0

2 years ago

Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment

arlik [135]

Answer:

Only projects C2 and C3 should be carried out since their net present value is positive ($5,630 and $15,329 respectively). While project C1 should be rejected because its NPV is negative.

Explanation:

C1 C2 C3

initial investment -$288,000 -$288,000 -$288,000

cash flow 1 $32,000 $116,000 $200,000

cash flow 2 $128,000 $116,000 $80,000

cash flow 3 $188,000 $116,000 $68,000

total $348,000 $348,000 $348,000

required rate of return =9%

NPV -$5,737 $5,630 $15,329

NPV C1 = -$288,000 + $32,000/1.09 + $128,000/1.09² + $188,000/1.09³ = -$5,737

NPV C2 = -$288,000 + $116,000/1.09 + $116,000/1.09² + $116,000/1.09³ = $5,630

NPV C3 = -$288,000 + $200,000/1.09 + $80,000/1.09² + $68,000/1.09³ = $15,329

8 0

4 years ago

In a waiting line system, suppose the arrivals are random with an average of 6 customer per hour, whereas the average capacity o

agasfer [191]

Common quantity of clients ready in line is the subsequent measures of machine overall performance is a key degree with recognize to consumer satisfaction.

The required details for customer in given paragraph

In sales, trade, and economics, a consumer (on occasion referred to as a patron, buyer, or purchaser) is the recipient of a good, service, product or an concept - received from a dealer, vendor, or supplier thru a economic transaction or exchange for money or a few different valuable consideration. Clients who habitually go back to a dealer broaden customs that permit for normal, sustained trade that lets in the vendor to broaden statistical fashions to optimize production processes (which alternate the character or shape of products or services) and deliver chains (which adjustments the vicinity or formalizes the adjustments of possession or entitlement transactions). The time period patron is derived from Latin customers or care meaning "to incline" or "to bend", and is associated with the emotive concept of closure. It is broadly believed that humans handiest alternate their conduct whilst inspired by greed and fear.

Winning a patron is, therefore, a unique event, that is why expert experts who cope with precise troubles generally tend to draw long-time period customers in preference to normal clients. Unlike normal clients, who purchase simply on rate and value, long-time period customers purchase on revel in and trust.

To know about customer click here

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3 0

2 years ago