1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
STALIN [3.7K]
4 years ago
5

Faisal has $ 15 comma 000 in his savings account and can save an additional $ 4 comma 500 per year. If interest rates are​ 12%,

how long will it take his savings to grow to $ 50 comma 000 ​?
Business
1 answer:
Vaselesa [24]4 years ago
3 0

Answer:

It will take 4 years 6 months.

Explanation:

Required here is the period, n for an investment to grow to $50,000 and this is calculated as follows :

Pv = - $15,000

Pmt = - $4,500

P/yr = 1

r = 12 %

Fv = $50,000

n = ?

Using a Financial Calculator, the period, n for an investment to grow to $50,000 is 4.50 or 4 years 6 months.

You might be interested in
A coffee shop uses an online system to engage customers. After each transaction, customers receive a text asking them to rate th
iVinArrow [24]

Answer:

The correct answer is letter "C": feedback.

Explanation:

Feedback control refers to obtaining improvement suggestions typically by consumers or suppliers in a supply chain that allows companies to increase efficiency in their processes. It is useful at the moment of measuring customers' satisfaction with the goods or services provided and could determine the likelihood of those individuals acquiring again goods or services from the firm.

In some cases, control feedback includes a comment section where clients can give additional information on what they would change of the service they received or from the good they bought.

5 0
3 years ago
If a consumer is waiting to buy a sweater he or she found at a department store until after the holiday season, which factor is
rjkz [21]
"Sweater" is the factor that is most likely influencing the decision to wait because it probably isn't cold enough for a sweater yet (I think?)
4 0
3 years ago
Read 2 more answers
Zappos segments its B2B customers by sifting through the data it has collected on companies that request the free portion of its
AlladinOne [14]

Answer:

Customer Type Segmentation

Explanation:

Customer Type Segmentation is a process where a company analyzes and divides its customer base into groups following a common factor between then. For example, it could be age, residence place, monthly income, etc. In this case, Zappos is dividing its customer base into groups based on what kind of business they are in. That offers a variety of benefits, such as targeted ads, better retention strategies or a superior and personalized customer experience.

8 0
3 years ago
What is something I can create or invent that hasn't been invented yet, that could make me a millionaire?
olchik [2.2K]

Explanation:

The products and services offered today through economic systems exist to satisfy human needs. The higher the level of satisfaction of needs met, the greater the positioning of a product or service that can make an individual millionaire.

To create or invent something that does not yet exist and be extremely profitable, it is necessary to think about human priorities, such as health and technology. An invention that could be successful would be the development of a cure for diseases such as drugs that destroy cancer cells and create other healthy cells without side effects to humans, or in the current world context, an inexpensive and easily developed anti-coronavirus drug.

4 0
3 years ago
List and describe the four basic rights in the private enterprise system
Elodia [21]

Private property

competition

profits

and freedom of choice


8 0
3 years ago
Read 2 more answers
Other questions:
  • Do you think leaders are arthur those who should receive perfect obedience
    10·1 answer
  • Western Company is preparing a cash budget for June. The company has $10,100 cash at the beginning of June and anticipates $31,9
    6·2 answers
  • Daniel, his parents, and three brothers own all the stock of their family farm corporation and each person takes an active role
    15·1 answer
  • All of the following are benefits of following the ________ approach to target market selection: a strong knowledge of the segme
    10·1 answer
  • Moss Corp. owns 20°/o of Dubro Corp.'s preferred stock and 40o/o of its common stock. Dubro's stockoutstanding at December 31, Y
    10·1 answer
  • Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and bad debt expense is
    6·1 answer
  • Buying insurance and investing in the future requires spending less in the present. Why is this a hard choice for many people? W
    10·2 answers
  • You obtain the following estimates for an AR(2) model of some returns data
    5·1 answer
  • This is my mom channel please subscribe​
    8·1 answer
  • On January 1 of Year 1, Bryson Company obtained a $147,750, four-year, 7% installment note from Campbell Bank. The note requires
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!