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dem82 [27]
3 years ago
13

Your cousin is currently 14 years old. She will be going to college in 4 years. Your aunt and uncle would like to have $ 115 com

ma 000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3.7 % per​ year, how much money do they need to put into the account today to ensure that they will have $ 115 comma 000 in 4 ​years?
Business
1 answer:
kumpel [21]3 years ago
6 0

Answer:

they need to put into the account $99444.97

Explanation:

given data

age = 14 year

time period = 4  year

saving account  = $115000

fixed interest rate = 3.7% per​ year = 0.037

future value = $115000

solution

we get here present value that is express as

present value = \frac{future\ value }{(1+ rate)^t}     ..........................1

put here value and we get

present value = \frac{115000}{(1+ 0.037)^{4}}      

solve it we get  

present value = $99444.97

so they need to put into the account $99444.97

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File a lawsuit against terry in a Colorado state court to enforce the Wyoming court judgement is the best course of action for Jill.

Explanation:

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A lawyer shall be recruited to react with a report entitled Answer by the accused's liability assurance company.  Often you can hear people talking about a complaint about the "parties."  The candidates to the suit are the "claimant" and the "accused," the plaintiff being the wounded claimant. The accused are the persons or companies charged.

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3 years ago
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Blababa [14]

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<h3>What is Corporate governance?</h3>

Corporate governance can be described as the  system  whereby a companies are been directed and controlled.

It should be noted that the  Boards of directors are responsible for the governance of their companies, however the  shareholders' role  that can be associated to this governance help to  appoint the directors and the auditors .

Hence,Corporate governance is the system of company oversight designed to ensure that the interests of owners and other stakeholders are protected.

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5 0
1 year ago
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PtichkaEL [24]

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Explanation:

The concentration index of a market is the market percentage of a number of companies in that market with respect to its total size. It is used to calculate the domain of one or more companies in their respective market. It is used to calculate the domain of one or more companies in their respective market. Therefore the concentration ratio of 4 companies calculates the total market percentage of these 4 companies and presents with respect to the total market, so it does not take into account the differences between the market shares of the four main companies.

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Answer:

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I will use a real life example that happened to me to explain this. I worked as a B2B sales representative for a large corporation (we were only 2 B2B salespeople + 1 manager) and when sales were slowing down, upper management would set up bonuses for achieving certain sales goals. The problem was that intentionally certain large sales that required management's approval were delayed and total sales would fall. Then suddenly the bonus show sup and all the large sales were approved and in two weeks the sales goals were achieved. Since B2B sales are not about selling to a lot of customers, but instead selling to the right customers a lot of products, a couple of delayed big sales made a huge difference and a 1% bonus meant changing your old car for a new one.

3 0
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Free_Kalibri [48]

Answer:

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You were probably looking for more detail, but this is the best I can do for now.

7 0
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