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
Westkost [7]
3 years ago
13

Cheryl wants to have $2,000 in

Business
1 answer:
Marina CMI [18]3 years ago
4 0

Answer:

$1, 727.68

Explanation:

Cheryl wants to have $2000 three years from now in an account that pays 5%

The $2000 is equivalent to the Future value when applying the compound interest formula. The present value is the amount she needs to invest now.

Fv= PV (1+5/100)^3

$2000 = PV(1+0.05)^3

$2000 =Pv 1.157625

Pv = $2000/1.157625

Pv= 1,727.68

Cheryl has to invest $1, 727.68

You might be interested in
What is the most important thing about meeting new contacts
Dahasolnce [82]
I think A. Because I think it is very important to meet new people and getting to know them.
8 0
3 years ago
Read 2 more answers
Chris and Jordan are a two-person household. Chris's market hourly wage is $40, but Chris can also produce $20 of household prod
andrezito [222]

Answer:

A. Jordan specializes in household production, while Chris specializes in marketplace work.

Explanation:

Chris and Jordan both can work for their household. The best way is to achieve maximum utility by using the combination of their skills. Chris can go for household work and Jordan can go for marketplace work. They both can use combination of their specialization to achieve maximum utility.

6 0
3 years ago
Which of the following bonds is the most sensitive to changes in market interest rates?A) 5-year, zero couponB) 5-year, 5 percen
antoniya [11.8K]

Answer:

D) 10-year, zero coupon

Explanation:

The zero coupon bonds with longer maturity period are more sensitive to interest rate changes than coupon payments bonds with the same maturity date and  zero coupon bonds with shorter maturity periods.

4 0
3 years ago
SCENARIO 1.1: An economist wants to understand the relationship between minimum wages and the levelof teenage unemployment. The
Harman [31]

Answer : Minimum Wage

Explanation: From the scenario analysis the minimum  wage should be reduced since its increasing the unemployment rate so that lesser wages would make the youth to work more for their salary.

3 0
3 years ago
Assume you are analyzing the market opportunity of a distance learning company, Learnmore, that creates education courses delive
Rom4ik [11]

Answer:

The answer is "$8.33billion".

Explanation:

Since 25 billboards are separated into three sections, one portion of which is corporate and one part is fortune 1000 and equal to 8.33 billion dollars incorporate.

1/3 of the $25billion = $8.33 billion.

3 0
3 years ago
Other questions:
  • What are the two fundamental equality requirements of the double-entry accounting system?
    9·1 answer
  • Sung owns a dog-walking business that she started in high school. Her first goal was to earn money after school and supplement h
    13·1 answer
  • What is not true about bartering?
    6·1 answer
  • Consider the following two mutually exclusive projects:
    13·1 answer
  • Why is good judgement important to making budgeting decisions
    14·2 answers
  • The owner of a company that produces electronic circuit boards sees many competitors with extra capacity and says, "the only hop
    7·1 answer
  • Patterson Brothers recently reported an EBITDA of $5.5 million and net income of $1.5 million. It had $2.0 million of interest e
    13·1 answer
  • The information content of a regular dividend increase generally signals that:Multiple Choicefuture dividends will be lower.the
    8·1 answer
  • A piece rate worker is paid
    11·1 answer
  • ABCD A building was purchased for $350,000 with a 20% down payment. If the lender charged the buyer three discount point, how mu
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!