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
RoseWind [281]
3 years ago
12

A local university has a goal of raising $500,000 for an escrow account. Their fund-raising committee has committed to raising $

5,000 a month until they reach their goal. These funds are deposited into an interest-bearing account that earns interest at the rate of 8 percent per year compounded monthly. The first deposit is made at the end of the current month. How many months (aka how many deposits) can the committee expect to continue their fund-raising campaign
Business
1 answer:
zavuch27 [327]3 years ago
6 0

Answer: 77 months

Explanation:

Use the NPER function on Excel to find the answer.

Rate is compounded monthly so:

= 8% / 12

= 0.66667%

Payment = 5,000 per month

Present value = $0

Future value = 500,000

Value should be = 76.87 months

= 77 months

You might be interested in
Miguel is doing a research paper on new york city's stonewall riots of 1969. he visits the scene of the riots, interviews people
emmasim [6.3K]
In this case, miguel is conducting a: <span>Case Study 
Case study refers to a research that measures a development of a particular individual or social group within a certain period of time. This type of research is really useful to understand how a social phenomenon happened and shaped from the scratch
</span>
4 0
3 years ago
A new labor-saving technology will likely result in..... Group of answer choices Lower wage share of output and lower Gini coeff
jekas [21]

Answer:

Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.

Explanation:

Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.

New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.  

This is an example of what is happening in the US, where highly trained labor is getting paid better every time while unskilled labor is getting paid the same as many years ago or their wage has even decreased with time. This shows how important a college education is, and the difference will only keep increasing.

7 0
3 years ago
Why is it difficult to change real capital
Sonbull [250]

Answer:

I don't know

Explanation:

can you help me with my question Enter the coordinates of the point on the unit circle at the given angle. 270° ([?], [ ] Enter

3 0
2 years ago
When marginal revenue equals marginal cost, the firm a. should increase the level of production to maximize its profit. b. may b
love history [14]

When marginal revenue is equal to the marginal cost, then the firm should increase the level of production to maximize its profit.

Marginal revenue simply means the increase in revenue that a company makes as a result of selling an additional output of good. Marginal cost is the cost that a company incurs for production of one extra unit of good.

It should be noted that when the marginal cost if a firm is more than the marginal revenue, it means that the firm is producing too much.

When the marginal revenue of the firm equals the marginal cost, then the firm should maximize its profit.

The correct option is A.

Read related link on:

brainly.com/question/10822075

4 0
2 years ago
According to the Bureau of Labor Statistics, what are some reasons for the decline in Manufacturing jobs? Check all
OverLord2011 [107]

Answer:

The answers are A,B,C on EDGE2021

Explanation:

Please mark me brainliest

3 0
2 years ago
Other questions:
  • A small change in the rate of productivity growth will have a large impact on output in the short run but a small impact in the
    9·1 answer
  • The peace of mind you feel when you aren't concerned about your income be enough to cover your expenses known as
    10·1 answer
  • Stephanie was injured in a car accident was rushed to the emergency room. She received stitches for a facial wound and treatment
    15·2 answers
  • The key to setting a final price for a product is finding an approximate price level to use as a reasonable starting point. Four
    14·1 answer
  • Why are wholly owned subsidiaries preferred by firms pursuing global or transnational strategies? A. They are more challenging B
    11·1 answer
  • Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process
    9·1 answer
  • Mahugh Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
    5·1 answer
  • Banking requirements
    9·1 answer
  • Kemp Manufacturing set 70,000 direct labor hours as the annual capacity measure for computing its predetermined variable overhea
    15·1 answer
  • Sugarland Company is using new cost drivers for its accounting system. One driver material handling for unit variable costs and
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!