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
Norma-Jean [14]
3 years ago
7

Zach wants to take his family on a cruise in 4 years and he estimates the cost of the cruise will be $16,500. How much money sho

uld he deposit each month into an account that pays 3.99% monthly in order to have the needed money?
Business
1 answer:
Law Incorporation [45]3 years ago
6 0

Answer:

$118.83 per month that Zach must save.

Explanation:

This is a future value annuity as we know the cruise will cost $16500 in 4 years time as estimated by Zach for the cruise.

Fv is the future value for the annuity which is $16500

we also have i the interest rate which is 3.99% monthly

n is the number of periods in which the monthly amount is saved 4 x 12 =48

now we will substitute to the following formula and solve for C the monthly payments that Zach saves for the cruise:

Fv =C [((1+i)^n -1)/ i] now we substitute

$16500 = C[((1+3.99%)^48 -1)/3.99%)] then solve for C

$16500/[(1+3.99%)^48 -1)/3.99%] = C

C = $118.83 that Zach must save per month for 4 years to afford the cruise.

You might be interested in
Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $70
fenix001 [56]

Answer:

The answer is: The overhead variance was $1,700 and it was overapplied

Explanation:

Victryl's estimated overhead cost per labor hour was:

$700,000 / 35,000 = $20 per labor hour

If during February, Victryl had 5,000 direct labor hours, then its estimated cost should have been: $20 x 5,000 = $100,000 estimated overhead cost

The actual overhead cost was $98,300, which is $1,700 less than the estimated cost.

8 0
3 years ago
Which Information Systems (IS) career oversees integrating different technologies and systems within an organization
solmaris [256]

The Information Systems (IS) career that oversees integrating different technologies and systems within an organization is that of an IS manager

<h3>Who is a Manager?</h3>

This is a person who is in charge of others in an organization and helps to integrate different aspects of work with the appropriate workers.

Hence. we can see that the Information Systems Manager is the person who is in charge of overseeing and integrating different technologies and systems within an organization

Read more about Information Systems here:

brainly.com/question/14688347

5 0
2 years ago
A _____ appraisal assesses employees on subjective attributes like attitude or leadership.
ser-zykov [4K]

A<u> "trait"</u> appraisal assesses employees on subjective attributes like attitude or leadership.



A trait is a trademark that an individual has. Traits incorporate things, for example, appearance, state of mind, activity, hard working attitude, initiative capacity, a feeling of morals, reliability, versatility and judgment.  

Trait appraisals are easy to create and simple to score, yet they are likewise very emotional. Inside an organization or work gathering, trait appraisals will in general reward representatives who are all the more cordial, adaptable and innovative.

3 0
4 years ago
Read 2 more answers
Cremics, a multinational drug manufacturing company, used a saffron trident in a promotional campaign for one of its drugs in In
frosja888 [35]

Answer:

Encoding

Explanation:

Encoding of a message can be defined as the production of the message because It is a system of coded meanings, and in order to create that, <u>the sender of the message needs to understand how the message is comprehensible or will be decoded to the members of the audience. </u>

Cremics obviously did not understand how saffron trident will be understood by the indians which led to the problem of miscommunication.

6 0
3 years ago
Read 2 more answers
This is a "Communication and Speech course"****************Based on the Book: Looking In, Looking Out
WINSTONCH [101]

Answer:

nothing unferstanding

5 0
3 years ago
Other questions:
  • On December 28, 20X3, Stern Corporation and Ram Company established S&amp;R Partnership, with cash contributions of $14,000 and
    8·1 answer
  • The real estate market is categorized in which way?
    7·1 answer
  • ____ is the filing made with a state in which the business operates disclosing the trade name or assumed name of the business al
    10·1 answer
  • The global positioning system is a network of 21 ________ plus 3 working spares.
    14·1 answer
  • Name the form of ownership represented by SABC
    5·1 answer
  • ______________ refers to a set of activities undertaken to optimise the business process for improving their performance, delive
    9·1 answer
  • Estes Park, Inc., has declared a dividend of $6.20 per share. Suppose capital gains are not taxed, but dividends are taxed at 30
    5·1 answer
  • Company BW has issued 2,000 preferred stocks. The par value is $100, dividend rate is 8%, and dividend is paid at the end of eac
    11·1 answer
  • Concord Corporation reported the following information for 2016: October November December Budgeted sales $430000 $400000 $51000
    10·1 answer
  • Seller Jim tells his agent Brenda that he does not want his home marketed to families with children. Brenda refuses. Which state
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!