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Gelneren [198K]
3 years ago
11

Sara wants to have $ 580 comma 000 in her savings account when she retires. How much must she put in the account​ now, if the ac

count pays a fixed interest rate of 10​%, to ensure that she has $ 580 comma 000 in 18 years​ time?

Business
1 answer:
asambeis [7]3 years ago
4 0

Answer:

$104,318.10

Explanation:

For computing the putting amount now i.e present value we have to applied the present value formula i.e to be shown in the attachment below:

Given that,  

Future value = $580,000

Rate of interest = 10%

NPER = 18 years

PMT = $0

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $104,318.10

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This will help them to be able to remember the details they heard about in the store and make decisions.

<h3>What is selective retention,?</h3>

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Suppose at an output level of 150 units a firm's average fixed cost is $25 and average variable cost is $50. Then the average to
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The average total cost of the firm is $75.

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2 years ago
A company's corporate code of ethics is a document given to a newly hired employee on the first day of work. Usually he is asked
harina [27]

Answer:

Answer is explained in the explanation section below.

Explanation:

Solution:

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Integrity is a virtue.

Objectivity is a virtue.

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3 years ago
How does the price range affect the elasticity of demand for a product?
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Answer:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

Demand for a good can be elastic at a low price but inelastic at a high price.

Explanation:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

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