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777dan777 [17]
3 years ago
13

Your parents have accumulated a $120,000 nest egg. They have been planning to use this money to pay college costs to be incurred

by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nail salon. Your parents are giving Courtney $33,000 to help her get started, and they have decided to take year-end vacations costing $10,000 per year for the next four years. Use 7 percent as the appropriate interest rate throughout this problem.a. How much money will your parents have at the end of four years to help you with graduate school, which you will start then? b. You plan to work on a master’s and perhaps a PhD. If graduate school costs $24,060 per year, approximately how long will you be able to stay in school based on these funds?

Business
1 answer:
Julli [10]3 years ago
5 0

Answer:

At the end of the 4th year, the original $87,000 less an annual vacation expense of $10,000 would have compounded at an interest rate of 7% to become $69,640

Graduate school costs $24,060. The funds will expire after 2.9 years

Explanation:

Kindly refer to the attached document for clearer breakdown of the workings

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If investors expect inflation to increase over the next 20 years and the maturity risk premium is expected to increase over the
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Answer: normal /upward sloping

Explanation:

The yield curve is a curve that shows the relationship that exist between interest rate and time to maturity. According to the expectation theory, it is stated that the yield curve will be upward sloping when there's increase in inflationary expectations.

The slope of the yield curve helps in giving a clue to know the direction of future interest rates. It should be noted that an upward sloping curve means that there is an expectation of higher interest rates in the future.

Therefore, when investors expect inflation to increase over the next 20 years and the maturity risk premium to increase over the next 5 years, the general yield curve will be upward sloping.

5 0
3 years ago
Which of the following goods is nonrival?
arsen [322]
A tuna in the ocean
6 0
3 years ago
What is economic planning and its objectives plz help me
guajiro [1.7K]

Answer:

The basic objective of planning is to exercise control over the private sector of an economy. ... When the economic resources of the country are rationally arranged with a predetermined purpose, it is called economic planning. It usually refers to planning by the State.

hope it helps

5 0
3 years ago
The chart indicates the roles of four individuals in the Transportation and Logistics career cluster.
Lady bird [3.3K]

Answer:

Amata is a Traffic Technician, Zeke is a Travel Clerk, Diego is an Automotive Master Mechanic, and Elina is a Logistics Manager.

Explanation:

Traffic Technician prepares graphs, charts, analyzes traffic control policies , plans, accident rates, etc.

Travel Clerk gives travel suggestions, guides, brochures, contacts hotels, motels, etc.

Automotive Master Mechanic tests drives vehicles , engines , repairs, replace, etc.

Logistics Manager deals with customers , sales , orders and shipping.

The Transportation, Distribution, and Logistics Career Cluster has seven career cluster pathways.

  1. Transportation Operations
  2.    Logistics Planning and Management Services
  3.    Warehousing and Distribution Center Operations
  4.    Facility and Mobile Equipment Maintenance
  5.    Transportation Systems/Infrastructure Planning, Management and Regulation
  6.    Health, Safety and Environmental Management
  7.    Sales and Service

The other options given in the question are irrelevant and may not relate to the above 7 categories. For example there is no Shipping and Receiving Clerk.

8 0
3 years ago
Hokey Min's Kleen Karpet cleaned 75 rugs in October, consuming the following resources: Labor: Solvent Machine Rental: 520 hours
mezya [45]

Answer:

0.0075 rugs per dollar

Explanation:

(b)

Total labor cost:

= 520 hours × $15 per hour

= $7,800

Total solvent cost:

= 100 gallons × $5 per gallon

= $500

Total machine rental cost:

= 22 days × $75 per day

= $1,650

Multi-factor productivity:

= Number of rugs ÷ (Total labor cost + Total solvent cost + Total machine rental cost)

= 75 ÷ ($7,800 + $500 + $1,650)

= 75 ÷ $9,950

= 0.0075 rugs per dollar

8 0
3 years ago
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