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victus00 [196]
2 years ago
5

You are saving money for a down payment on a house. Suppose you want to have total savings of $20,000 in 10 years time and you h

ave currently $5,000. What annual interest rate do you need to earn on your initial investment, assuming you contribute no additional savings?
Business
1 answer:
Katen [24]2 years ago
3 0

Answer:

14.87%

Explanation:

we have to use the future value formula to solve this question:

future value = present value x (1 + rate)ⁿ

you need to save $20,000 in 10 years (this is your future value)

currently you have $5,000 which will be $5,000 x (1 + r)¹⁰

$20,000 = $5,000 x (1 + r)¹⁰

(1 + r)¹⁰ = $20,000 / $5,000

(1 + r)¹⁰ = 4

¹⁰√(1 + r)¹⁰ = ¹⁰√4

1 + r = 1.1487

r = 1.1487 - 1

r = 0.1487 = 14.87%

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If Penny bought a stock for $80 dollars and could sell it 15 years later for 4 times what she originally paid, what is Penny’s r
Anna11 [10]

Answer:

10%

Explanation:

Data provided in the question

Purchase value of the stock = $80

Number of years = 15

Times = 4

So, the return on owning this stock is

= Number of times^(1 ÷ number of years) - 1

= 4^(1÷15) - 1

= 4^0.0666666667  - 1

= 1.0968249797  - 1

= 0.0968249797

= 10% round off

All other things that are mentioned in the question is not relevant. Hence, ignored it

5 0
3 years ago
In terms of interests in real property, this is not an interest in land but a temporary right to use another's land for a limite
kifflom [539]

Answer:

a leasehold      

Explanation:

Leasehold relates to an accounting phrase for a rented resource. Usually the asset is estate such as a house or storage within a building. The lessee buyouts with the property owner in return for a sequence of planned payouts throughout the lease term, for the lawful right to utilize the estate.

Once a lease agreement is signed, to a degree permitted by the deal, the purchaser or tenant starts to construct the accommodation for its activities. In commercial real estate, leaseholds are much more popular whereby supermarkets as well as other facilities can be constructed on the ground but often occur in housing uses, such as homes and condos.

7 0
3 years ago
What term refers to the business model of selling goods online through an Internet store site?
balu736 [363]
It would be B.) E-commerce this term is used to describe buying and selling products online.
4 0
3 years ago
Carly’s Clips charges for their grooming services based on the following:________.
Novay_Z [31]

Answer: $256

Explanation:

Using time and materials pricing, the total price for a job requiring 3 direct labor hours and $54 of materials will be calculated as:

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Add: Materials markup = 30% × $54 = 0.3 × $54 = $16.2 = $16

Add: Labour = 3 × $62 = $186

Total price of job = $256

7 0
2 years ago
A company sold PP&E for $200 cash. Prior to the sale, the net book value of the PP&E on the financial statements was $24
madam [21]

Answer:

The operating cash flow in this transaction is zero

Explanation:

Please see attachment.

6 0
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