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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

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Which two types of jobs are provided in the work-study program?
neonofarm [45]

Ideally A and E

My experience A and C.

7 0
3 years ago
Read 2 more answers
A.Which point on the graph shows that if the country produces 8 million alarm
dusya [7]

a. The point on the graph shows that if the country produces 8 million alarm clocks, it can only produce 16 million DVD movies is point B.

b. The point on the graph that shows if the country produces 6 million DVD

movies, it can produce 20 million alarm clocks is point D.

c. If the country produces 25 million alarm clocks, the number of DVD movies it can produce is 0.

d. If  the country produces 20 million DVD movies, the number of alarm clocks it can produce is 0.

e. The number of alarm clocks it can produce is 15 million.

f. Point G on the graph represents inefficient production.

g. Point F on the graph show unattainable production levels.

<h3>What is the production possibility curve?</h3>

The production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  The PPC is concave to the origin.

Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources Points inside the production possibilities curve means that the nation's resources are not being fully utilised.

For more information about the production possibility curve, please check: brainly.com/question/25774783

6 0
2 years ago
The manager of the Beach Division of Treat Time is evaluating the acquisition of a new mobile ice cream server. The budgeted ope
Savatey [412]

Answer:

ROI = 10.5%

Explanation:

The  ROI of a Division is the portion of then operating assets that is earned by  as operating income  by it. The higher the better.

Net operating assets = 28,600,000 - 600,000 = 28,000,000

ROI = Income/ Net operating assets × 100

ROI = 2,940,000/28,000,000  × 100

      = 10.5%

5 0
3 years ago
An investor purchased 50 shares of stock in a company in 2015. At the time the investor purchased the stock, the value of the st
frutty [35]

Answer:

$75

Explanation:

$5 to $6.5 is a 1.3% increase and if the investor bought 50 shares of $5 he bought a total of $250 worth of stock. If you multiply the $250 by 1.3% it will be $325. But the question asks for the capital gain so you would subtract $325 and $250 which is $75.

3 0
2 years ago
Which of the following would most likely shift a production possibilities curve to the right?
MAXImum [283]

Answer:

 an improvement in the education level of the work force of a nation

Explanation:

The production possibility curve is a curve that shows the various quantities of two goods an economy can produce at a given level of technology and amount of labour force.

Factors that leads to an outward shift of the production possibility curve;

1. Increase in labour force

2. Increase in education level of the Labour force

3. Technological advancement

Shifting resources from the production of one good to the production of another leads to a movement along the production possibility curve.

I hope my answer helps you

5 0
3 years ago
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