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
Rus_ich [418]
2 years ago
10

I now have $23,000 in the bank earning interest of .50% per month. I need $33,000 to make a down payment on a house. I can save

an additional $100 per month. How long will it take me to accumulate the $33,000?

Business
1 answer:
Elena-2011 [213]2 years ago
8 0

Answer:

41.92 months

Explanation:

In this question, we use the NPER formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $23,000

Future value = $33,000

Rate of interest = 0.50%

PMT = $100

The formula is shown below:

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

The present value and the PMT comes in negative

So, after solving this, the answer would be 41.92 months

You might be interested in
You and your client decide that her case is eligible and should be heard by the U.S. Supreme Court. You receive a writ of certio
forsale [732]
Writ of Certiorari: a document that orders a lower court to deliver its record in a case so that the higher court may review it.
7 0
3 years ago
_____, which are websites that provide virtual communities in which people with shared interests can communicate, are common sou
masha68 [24]

Answer:

B) Social networking sites

Explanation:

5 0
2 years ago
In most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed
Jlenok [28]

Answer: disaffirm

Explanation:

most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed contract), the minor may disaffirm the contract.

It should be noted that a contract that is signed by a minor unless in some rare exceptions is normally void and therefore, the minor can disaffirm the contract.

8 0
3 years ago
The fixed asset turnover ratio is computed as __________ divided by __________.
Yuri [45]

The correct option is (a) sales; average book value of fixed assets.

The fixed asset turnover ratio is computed as sales divided by average book value of fixed assets.

The fixed asset turnover ratio demonstrates the effectiveness of a company's current fixed assets in driving sales. A greater ratio suggests that management is making better use of its fixed assets. No information can be gleaned from a high FAT ratio about a company's capacity to produce reliable earnings or cash flows.

The ratio of sales to the value of fixed assets is known as fixed-asset turnover. It shows how effectively the company is generating sales by utilizing its fixed assets.

A greater ratio is typically preferred since it suggests that the business is effective at producing sales or revenues from its asset base. A lower ratio suggests that a business is not utilizing its resources effectively and may be experiencing internal issues.

Learn more about fixed asset turnover ratio

brainly.com/question/24085720

#SPJ4

3 0
2 years ago
Which ideas are supported by details or evidence from this passage?
Oxana [17]

Answer:

C. Transportation in the Sacramento Valley underwent an evolution from necessity.

Explanation:

i did it on Usatestprep

8 0
2 years ago
Other questions:
  • Omega Company makes and sells jungle gyms and tree houses for children. For jungle gyms, the price is $150 and the variable expe
    12·2 answers
  • You can offer investment products and services only if you are a registered representative of Northwestern Mutual Investment Ser
    6·1 answer
  • The management of Wengel Corporation is considering dropping product B90D. Data from the company's accounting system appear belo
    13·1 answer
  • Megan, an agent for a department store, orders one hundred dresses from Sal’s Clothing Shop for the Spring Blossom Sale. There i
    12·1 answer
  • The market research process step of defining the research problem has three​ components: specifying the research​ objectives, id
    15·1 answer
  • On May 1, 2021, Meta Computer, Inc., enters into a contract to sell 4,100 units of Comfort Office Keyboard to one of its clients
    12·1 answer
  • Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 3,100 units ar
    9·1 answer
  • Describe how a free market works
    14·1 answer
  • If one of your other classes has a writing assignment, this would be the perfect opportunity to apply this lesson activity towar
    14·1 answer
  • leverage is a financial technique used to determine to what extent fixed costs are used relative to variable costs.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!