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jolli1 [7]
3 years ago
7

You would like to have $50,000 saved at the end of Year 5. At the end of Year 2, you can deposit $7,500 for this purpose. If you

earn 4.5 percent, how much must you deposit today to reach your goal assuming no other deposits are made
Business
1 answer:
Helen [10]3 years ago
5 0

Answer:

The amount that should be deposited today is $33254.58

Explanation:

The deposit should be such that the future value of the deposit made today and at the end of year 2 should be equal to $50000 after 5 years. Let the deposit made today be x. The equation for the future value will be,

50000 = x * (1+0.045)^5  +  7500 * (1+0.045)^3

50000 = x *  (1.045)^5  +  8558.745938

50000 - 8558.745938  =  x * (1.045)^5

41441.25406 / (1.045)^5  =  x

x = $33254.57769 rounded off to $33254.58

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Cooltreet, Inc., combines sugar, cream, eggs, and flavorings, then churns and cools the resulting mixture to a very low temperat
viktelen [127]

Answer:

process manufacturing

Explanation:

Process manufacturing is a type of manufacturing where certain recipes are used to create the end product. Process manufacturing is associated with the FMCG industry and pharmaceuticals mostly. It is contrasted with discrete manufacturing, where the end product is not in a bulk, like in process manufacturing.

6 0
3 years ago
What is the prime rate? a. the prime rate is the best interest rate that banks offer their most creditworthy customers. b. the p
trapecia [35]

Prime rate is (a) the best interest rate that banks offer their most creditworthy customers.

A prime rate is decided by the bank to lend money to its customers where the credit giving is decided on the basis of the credit history and points on the customers formally known as the credit rate of investment.

It totally depends upon the allowance of credit by financial institutions and then the payment made by the loan taking customers within a stipulated time frame.

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3 0
1 year ago
In an organization, project managers report directly to the head of a PMO. In this case, which statement is probably not true
snow_tiger [21]

Answer:

Projects will be run by the functional organization and project managers expedite change control.

Explanation:

A project management office or PMO is a department within an organisation that is tasked with maintaining the standard of project management. They also make sure there is economies of repitition in project execution (ensure success of projects is replicated).

In the given scenario if project managers report to the head of a PMO it means that the project management team is independent of the functional organisation.

So the statement - Projects will be run by the functional organization and project managers expedite change control.

Is false.

3 0
3 years ago
Help!!!!! please give an explanation!
Murrr4er [49]
I’m sure that it’s true you nerd
7 0
3 years ago
What is the present value of the following set of cash flows discounted at 10 per year?
Olegator [25]

The present value of the following set of cash flows discounted at 10 per year $104.18

<h3>What are the 3 kinds of cash flows?</h3>

There are three cash flow types that organizations should track and analyze to resolve the liquidity and solvency of the business: cash flow from operating movements, cash flow from investing activities, and cash flow from financing activities. All three are included on a company's cash flow statement.

<h3>What are cash flows illustrations?</h3>

Cash and cash matches include currency, petty cash, bank accounts, and other highly liquid, short-term assets. Examples of cash matches include saleable paper, Treasury bills, and short-term state bonds with adulthood of three months or less.

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3 0
1 year ago
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