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
The population of a country has a relative growth rate of 3% per year. The government is trying to reduce the growth rate to 2%.
Murrr4er [49]

Answer:

185,023,041

Explanation:

Given,

The original population of the country, P = 110 million,

Growth rate, r = 2% = 0.02,

Number of years from 2011 to 2037,

Time, t = 26 years,

Hence, the projected population would be,

A=Pe^{rt}

=110e^{0.02\times 26}

=110 e^{0.52}

=185.023041467\text{ million }

=185023041.467

\approx 185023041

8 0
3 years ago
When John first starts his job, he rides the bus wherever he goes. However, after one year, John receives a promotion and a pay
vekshin1

Answer:

c. Inferior

Explanation:

Based on the information provided it can be said that this behavior would indicate that to John, a bus ride is an inferior good. This term by definition is a good whose demand decreases when consumer's income rises. Since John received an increased salary with his promotion, he is now able to afford to be able to drive instead of taking the bus. Therefore his demand for taking the bus has drastically decreased.

4 0
3 years ago
Candice’s first job was at the grocery store making deli food. While in culinary school, she worked part time in a restaurant ki
jok3333 [9.3K]

Answer:

move up the career ladder

Explanation:

A career is a series of jobs that are related, whose foundation is based on interest, knowledge, training and experience. Moving up the career ladder means that one has continuously been growing in experience by moving from series of related jobs with fewer responsibilities to the one with more responsibilities within a specific profession.

Moving up the the career ladder also involve continuous advancement in education related to one's profession with a view to gaining more knowledge that would be applied to the chosen job hence above is an example of moving up the career ladder.

7 0
3 years ago
The city of Animaltown plans to build a new bridge across the river separating the two halves of the city for use by its residen
goldenfox [79]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

7 0
3 years ago
if you do not pay the entire credit card bill you are charged a FLAT FEE or an INTEREST on the unpaid part?
Soloha48 [4]
You are charged with flat fee
7 0
3 years ago
Other questions:
  • When you are interpreting financial ratios, it is useful to compare a company's ratios to some form of standard. true?
    6·1 answer
  • Which is a tool used by the federal reserve in the conduct of monetary policy?
    7·1 answer
  • Where should a declared but unpaid cash dividend be reported on the balance sheet?
    7·1 answer
  • To leave the impression of a well-organized office for visitors to see, which of the following habits should you develop?
    12·1 answer
  • Carver Company produces a product which sells for $30. Variable manufacturing costs are $15 per unit. Fixed manufacturing costs
    10·1 answer
  • WHO WANTS POINTSS AND BRAINLIEST <br> CLICK ON MY PROFILE AND BE MY FRIEND
    7·2 answers
  • Chuck, a single taxpayer, earns $79,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds.
    12·1 answer
  • Which of the following is an example of a positive economic statement?​ a. ​If crime rates reduced, the world would be a better
    6·1 answer
  • How much interest will Henry save if he finances the vehicle over 36 months instead
    7·1 answer
  • understanding customers better has helped amazon and others become more successful. the understanding comes primarily from:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!