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djverab [1.8K]
3 years ago
6

Orion would like to go on a trip to Ireland in two years. He wants to have $3,000 for the trip, so he is planning to invest mone

y into an account with an 8% compounding interest rate. How much will Orion need to invest right now in order to attain his goal in two years?
Business
1 answer:
denis-greek [22]3 years ago
4 0

Answer:

The answer is: If Orion wants to have $3,000 in two years, he must invest $2,572.02 today

Explanation:

To determine how much money Orion has to invest today in order to have $3,000 in two years, considering he will get an 8% compound interest rate, we can use this formula:

P = FV / (1 + r)²    

Where:

  • FV = $3,000
  • r = 8%

P = $3,000 / (1 + 8%)²

P = $3,000 / 1.1664

P = $2,572.02

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Answer:

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Explanation:

In this question, we are to give an answer about which of the listed options would give George the optimal service for the action which he seeks to execute.

Checking the requirements of what he is trying to do, we will notice that there are some key words that are very important that he is trying to target. Now, to bring his idea into fruition, Google AdWords would provide him with the needed help.

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3 years ago
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Stan and Heidi are married and both have careers in business. If one of the two were todie, there would be a sudden drop in inco
alex41 [277]

Answer:

Life insurance.

Explanation:

Life insurance is defined as a contract that is raised between an individual and an insurance company that guarantees the payment of a particular amount tonthe individual's beneficiary in the case of death. The insurance policy requires premium to be paid on agreed intervals.

Stan and Heidi are both having caterers in business, and death of one of them will lead to decreased income.

To guard against this the couple can purchase a life insurance that will pay beneficiary a guaranteed sum in case of death of one of the partners.

This will ensure there is no sudden drop in their income.

4 0
3 years ago
24) In the U.s. economy, a few firms dominate the wireless telephone provider Industry. Whlch type of
kipiarov [429]

Answer:

oligopoly

Explanation:

An oligopoly is a market structure comprising a few firms dominating a large market with many buyers. The few firms sell similar or differentiated products. Each of the firms commands a sizable market share and can influence the market.  Apart from the few dominating firms, there could be other small sellers with a smaller market share operating in the market. Another example of an oligopoly market is the air travel business, where a few airline companies dominate the market.

Characteristics of oligopoly market include

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7 0
3 years ago
Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 265,000 shares of stock outst
PIT_PIT [208]

Answer: $16.60

Explanation:

The following information can be gotten from the question:

Total common equity = $4,050,000 Shares of stock outstanding = 265,000

Net Income = $450,000

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Based on the information given, the book value per share will be calculated as:

(Total common equity + Net income - Dividends) / Outstanding shares

= ($4,050,000 + $450,000 - $100,000) / 265,000

= $4,400,000 / 265,000

= $16.60

6 0
3 years ago
What is the recovery period and depreciation method of a residential rental property located in a foreign country which was plac
snow_lady [41]

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Explanation: Is the good enough???

7 0
2 years ago
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