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
zepelin [54]
3 years ago
11

Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $13,000 av

ailable each year for various school and living expenses. If he earns 7 percent on his money, how much must be deposited at the start of his studies to be able to withdraw $13,000 a year for three years? Use Exhibit 1-D. (Round time value factor to 3 decimal places and final answer to the nearest whole number.)
Business
1 answer:
podryga [215]3 years ago
7 0

Answer:

$34,116

Explanation:

To determine how much Pete would should save, we have to determine the present value of $13,000

Present value is the sum of discounted cash flows

present value can be calculated with a financial calculator

Cash flow each year from year 1 to 3 = $13,000

I = 7%

Present value = $34,116

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

You might be interested in
According to the product life-cycle theory, the locus of global production initially switches from the United States to other ad
guapka [62]

Answer:

The correct answer is letter "C": Over time, the United States switches from being an exporter of a product to an importer of the product.

Explanation:

The life-cycle theory proposes that the United States boosted worldwide economic trade exporting their products. At first, the products were delivered to other world developed countries. Over time, those developed countries started to study American products to become manufacturers. This implies competition so to spend fewer costs, the developed countries took their operations to developing nations.

After some time, it is believed that those developing countries are likely to become manufacturers as well at even cheaper costs provoking that the United States begin to import products from the developing nations.

8 0
3 years ago
Maria, who works in the design department, wants her online presence to signal that she is a business professional. Which profil
s2008m [1.1K]

Answer:

A photograph of Maria in her work clothes with smiling face

Explanation:

Maria is an individual or person, who works as designer in the design department of a company. Being a designer, her work involves creativity in her designs which attract the customers.

And she wants her online presence to signal or state that by profession she is a business professional in order to choose a profile picture for her online presence, she needs to choose a photograph, in which she is wearing her work clothes along with a smiling face.

5 0
2 years ago
The objective of _____ is to build sales, market share, and profits quickly by providing an incentive to purchase the product im
3241004551 [841]

Answer: Market Penetration Pricing.

Explanation:

MPP, Market Penetration Pricing is a where a company uses a strategy to attract customers to their product. Which also means lowing the price for customers to buy their products.

When lowing a price: This strategy is used to attract customers, they buy their product - then if they like it they will keep buying it even if the price is raised. This is a common strategy for tons of company brands.

6 0
3 years ago
How does economic efficiency relate to the gains of consumers and producers? a. It a market economy, when the demand for a good
Lelechka [254]

Answer: Option (D) is correct.

Explanation:

The economic efficiency is achieved at a point where demand curve and supply curve intersects each other. This point is known as market equilibrium. The area under the demand curve and above the equilibrium price level is known as consumer surplus.

The area above the supply curve and under the equilibrium price level is known as producer surplus.

Hence, the combine area of consumer surplus and producer surplus have to maximized to have a economic efficiency in an economy.

7 0
3 years ago
A company bills customers for services provided. the company records this transaction with a:_______
geniusboy [140]

A company bills customers for services provided. the company records this transaction with a  Debit Accounts Receivable.

A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot continue to exist.

The definition of a customer is a person who purchases products or services at a store, restaurant, or other retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.

In sales, commerce, and business, customers (sometimes called customers, purchasers, or purchasers) receive goods, services, products, or ideas obtained from sellers, vendors, or suppliers through financial transactions. is a person. Transaction or exchange for money or other valuable consideration

Learn more about customers here:brainly.com/question/380037
#SPJ4

6 0
1 year ago
Other questions:
  • Ben Chang noticed that his store was lagging in sales. He realized that his staff was not experienced enough. As the store manag
    15·2 answers
  • Exercise 7-9 Variable and Absorption Costing Unit Product Costs and Income Statements [LO7-1, LO7-2, LO7-3]
    12·1 answer
  • Consider the following cases.
    7·1 answer
  • 15. If you are the kind of person who wants to succeed in whatever you do, you value
    9·1 answer
  • The rule of 72 is useful in calculating the
    8·1 answer
  • According to​ Drucker, the most important time to ask​ seriously, "What do we want to​ become?" and​ "What is our​ business?" is
    13·1 answer
  • What do banks do with most of their customers deposits
    15·1 answer
  • hi very one!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    7·2 answers
  • Should you feel bad about quitting your job for more money when you like your job
    12·1 answer
  • Katherine is developing a forecast for her company's next year's sales of an organic fertilizer to retail gardening nurseries. s
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!