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ki77a [65]
3 years ago
14

To pay for her college education, Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account

paying 12 percent interest. How much will Gina have in that account at the end of 8th year?
A. $16,000
B. $17,920
C. $24,600
D. $27,552
Business
1 answer:
ANEK [815]3 years ago
6 0

Answer:

D. $27,552

Explanation:

Saving per year = PMT = $2,000

Interest rate = r = 12%

Number of year = n = 8

Use following formula to calculate future value of Gina's Investment at the end of 8th year.

FV = PMT [( ( 1 + r )^n ) - 1) x ( 1 + r ) ) / r]

FV = $2000 x [( ( 1 + 0.12 )^8 ) - 1 x ( 1 + 0.12 ) ) / 0.12]

FV = 27,551.31 (Close to 27,552)

So, the correct option is D. $27,552

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PilotLPTM [1.2K]

Answer:

c.$21,670

Explanation:

The computation of the break-even point in sales dollars is shown below:

Break even point = (Fixed expenses) ÷ (Profit volume Ratio)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

= $10 -$1.50 -$1.20 - $0.90 - $0.40

= $6

And, Profit volume ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100

So, the Profit volume ratio = (6) ÷ (10) × 100 = 60%

And, the fixed expenses is $13,000

Now put these values to the above formula  

So, the value would equal to  

= ($13,000) ÷ (60%)  

= $21,670

8 0
3 years ago
When four infineon technologies executives participated in an international conspiracy to fix prices for computer memory chips,
marshall27 [118]

When four infineon technologies executives participated in an international conspiracy to fix prices for computer memory chips, they were acting with other firms as a cartel.

Given an incomplete sentence related to infineon technologies.

We are required to fill the sentence by an appropriate term.

We can fill the sentence with "a cartel".

A cartel is basically a formal agreement among firms in an oligopolistic industry. Members of cartel may agree on such matters as prices, total industry output, market shares, allocation of customers, allocation of territories, bid-rigging, establishment of common sales agencies, and the division of profits or combination of these. It is basically a group of people who are collected to complete an objective.

Hence when four infineon technologies executives participated in an international conspiracy to fix prices for computer memory chips, they were acting with other firms as a cartel.

Learn more about cartel at brainly.com/question/12015868

#SPJ4

7 0
1 year ago
Write a claim that responds to the question: Why can transferring energy into or out of a substance change molecules' freedom of
nydimaria [60]

Answer:

hope this help u

Explanation:

Transferring energy into or out of a substance changes its temperature, which changes the molecules' freedom of movement. Claim 2: Transferring energy into or out of a substance changes the molecules' kinetic energy, which changes their freedom of movement.

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koban [17]

Answer:

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