Answer: $8,009.3
Explanation:
Given that,
Deposits(P) = $100 today (Annuity amount)
Additional deposits = $100 end of each quarter for the next 13 years
nominal annual rate = 6% compounded annually
= 0.015
No. of deposits (n) = 53
Payments are made at end of quarter. So future Value of annuity formula will become applicable.
Future value of annuity due =
=
= 100 × 80.09
= $8,009.3
Therefore, she will have $8009.38 for her trip.
Answer:
B. Watching TV
Explanation:
Opportunity Cost is the cost of <u>next best alternative</u> forgone while choosing an alternative.
Eg: If I can consume apples & oranges, I like apples more than oranges. The opportunity cost of apples consumption is the next best option i.e oranges forgone.
As per given preferences : Book Reading > Watching TV > Listening Music
( '>' refers to preferred over)
The opportunity cost of Book reading is the next best option sacrifised i.e Watching TV.
The Sherman's March to Sea, also known as the <span>Savannah Campaign, began just outside of Atlanta after his troops won and took over the city. It ended when he reached and conquered Port Savannah on December 21st. It was led all over Georgia and is considered to be a victory for the Union because it disrupted Confederate forces and communication.</span>
She added 5 instead of 4 that is your answer
Answer:
The right solution is Option b ($4606
).
Explanation:
The given values are:
Company sells merchandise,
= $5700
Company returns,
= $1000
Now,
The amount of the check will be:
=
=
=
= ($)