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]
3 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]3 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
Complete the following sentence.
babunello [35]

Answer:

The answer is "Mission".

Explanation:

Vision is a dream. In fact, it is the dream of the founders of where the business will go and what it will do!

Mission is the foundation of realization of the Vision and afterwards the organizational strategies and objectives are created based on the mission.

having a realist and attainable mission is a must for an organization to thrive!

4 0
3 years ago
In a decision support system graphical model typically _____
AURORKA [14]
The answer would be A. A DDS supportive framework called GMCA (Graph Model for Conflict Analysis) actualizing the multi-player chart display for dissecting clashes is produced. GMCA contains calculations for the fast calculation of an extensive variety of arrangement ideas, in this way empowering leaders to assess the assorted variety of human conduct.
6 0
3 years ago
Viral marketing is consistently successful.<br> True<br> False
shutvik [7]
Answer:
Based on what we know, Viral Marking is so successful because it creates curiosity and desire needed to generate the demand for a product or a service.

In conclusion:
Yes, viral marketing is consistently successful.
8 0
3 years ago
Todd and his brother Robert are going to use 512 square feet of their backyard for skateboard ramps. The shape of the backyard i
Sergio039 [100]
The first answer is 512=2w^2 and the width is 16 and the length is 32
7 0
3 years ago
Read 2 more answers
Saint Petersburg Gambles - You are offered the following gamble based on coin flips. If the first heads occurs on the first flip
makkiz [27]

Answer:

The first reason why people are willing to pay so much less or lower than the expected value is due to the uncertainty of flipping a heads. Heads may never be flipped.

The Second reason they are willing to pay so much less or lower is because the expected value will rarely reach over $10 because player would have to make it to the 5th flip in order to recoup their investment in which most of the players are unwilling and ready to take that risk.

Explanation:

Saint Petersburg Gambles

The first reason why people are willing to pay so much less or lower than the expected value is due to the uncertainty of flipping a heads. Heads may never be flipped.

The Second reason they are willing to pay so much less or lower is because the expected value will rarely reach over $10 because player would have to make it to the 5th flip in order to recoup their investment in which most of the players are unwilling and ready to take that risk.

8 0
3 years ago
Other questions:
  • Jim left his previous job as a sales manager and started his own sales consulting business. He previously earned $70,000 per yea
    8·1 answer
  • Which of these keeps prices below equilibrium? A. Minimum price B. Price floor C. Minimum-wage laws D. Rent-control laws
    8·1 answer
  • You have recently been named as the manager of a new project under contract. The sponsor of the project gave you the contract si
    7·1 answer
  • Franklin corporation issues $50,000, 10%, five-year bonds on january 1 for $52,100. interest is paid semiannually on january 1 a
    11·2 answers
  • A company uses radio frequency identification (RFID) tags to keep track of its inventory. This is an example of the impact of te
    13·1 answer
  • Explain why a single commercial bank can safely lend only an amount equal to its excess reserves but the commercial banking syst
    6·1 answer
  • What would the net value of a long straddle position be if the stock price at expiration is $35?
    6·1 answer
  • On January 2, 2015, Vaughn Corporation issued $1,650,000 of 10% bonds at 96 due December 31, 2024. Interest on the bonds is paya
    7·1 answer
  • How you gain information about what is happening around the property ​
    9·1 answer
  • What is the main reason why you need a financial reserve?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!