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VARVARA [1.3K]
3 years ago
8

Suppose that a young couple has just had their first baby and they wish to insure that enough money will be available to pay for

their child's college education. They decide to make deposits into an educational savings account on each of their daughter's birthdays, starting with her first birthday. Assume that the educational savings account will return a constant 9%. The parents deposit $2400 on their daughter's first birthday and plan to increase the size of their deposits by 7% each year. Assuming that the parents have already made the deposit for their daughter's 18th birthday, then the amount available for the daughter's college expenses on her 18th birthday is closest to ________.
Business
1 answer:
Helen [10]3 years ago
6 0

Answer:

$160,463 will be available for daughter college expense o her 18th birthday.

Explanation:

According to the Given Condition;

Deposit Amount = $2,400

Rate of Return = 9%

Size of Deposit increase every year at 7%

Hence the Growing Annuity is

Annuity = 2400 * \frac{1}{0.09 - 0.07} * [1 - (\frac{1+0.07}{1+0.09})^{18} ] (1.09)^{18}

Annuity = $160,463

Thus,  $160,463 will be available for daughter college expense o her 18th birthday.

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A ________ involves the introduction of a modified product rather than a totally new product, and has the least disruptive influ
jarptica [38.1K]

Answer: Continuous innovation

Explanation: Continuous innovation as the name suggest, means the ongoing process of innovation on a particular product or industry with slight changes in each and every stage.

The minor innovations in the latest technology overtime is called continuous innovation. Automobile and mobile phones sector are industries depicting continuous innovation.

4 0
4 years ago
Read 2 more answers
Classify each resource used in production as land, labor, capital, or entrepeneurs.
sveticcg [70]

Answer:

1. Aunt Sandy's Jammin' Jellies (the business) - <u>Entrepreneurs </u>

Entrepreneurship refers to the process of bringing together the various other factors of production to be able to produce goods and services. Aunt Sandy's as a business is an entrepreneur as it brought together factors of production to make Jellies.

2. Anika, a server at Sonic Drive-In - <u>Labor</u>

Labor refers to the actual people who contribute to the business. Anika is a server at the Drive- In and so works there contributing to the success of the business so she is Labor.

3. Your favorite bartender - <u>Labor</u>

Like Anika above, your favorite bartender is also a person contributing to the success of the bar so is considered labor.

8 0
3 years ago
Generally, filmmakers want movie titles that are short, memorable, appealing to consumers, and without legal restrictions. These
Paladinen [302]

<u>Answer:</u>

<em>Filmmakers want movie titles that are short, memorable, appealing to consumers, and without legal restriction to </em><u><em>appeal to multiple cultures </em></u>

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<u>Explanation:</u>

Many independent filmmakers are amazed at the measure of exertion and ability required to verify a fair conveyance understanding. With the emotional increment in an autonomous generation, it is evident that numerous movie producers have aced the skills expected to confirm the cash and hardware and deliver the film.

Subsequently, if the Filmmaker has skillfully made content into an engaging film, the movie producer might have the option to get a superior arrangement.

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3 years ago
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Bill Dukes has $100,000 invested in a 2-stock portfolio. $32,500 is invested in Stock X and the remainder is invested in Stock Y
pshichka [43]

Answer:

0.98

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Computation for Bill Duke portfolio's beta

First step is to find the Investment in Y which is:

Investment in Y=100,000-35,000

=$65,000

Second step is to calculate for the Portfolio beta using this formula

Portfolio beta=Respective beta*Respective Investment weight

Portfolio beta =(35,000/100,000*1.5)+(65,000/100,000*0.7)

Portfolio beta=(0.35*1.5) +(0.65*0.7)

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Therefore the Portfolio Beta will be 0.98

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3 years ago
Explain the link between scarcity and each of the followin​
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<h3>What is the Meaning of Scarcity?</h3>

Scarcity refers to the insufficient or the shortage of the resources with the individual or in the particular nation. For Example In any Industry there is the shortage of the skilled workers.

The complete question is attached below.

The link between the Scarcity and the Opportunity Cost is that it has the direct implication on the scarcity. In decision making process, one must has to sacrifice the opportunity cost of that action.

The link between the Scarcity and competition is due to the Lack of resources which forces people to compete for the limited resources that are accessible because there aren't enough to satisfy everyone's wants.

Additionally, people would compete for the rationing tool, such as money, whatever it may be.

Learn more about Scarcity here:

brainly.com/question/13186252

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8 0
2 years ago
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