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Kipish [7]
3 years ago
11

You decide to save a uniform amount at the end of each month for 12 months so you will have $1000 at the end of 1 yr. The bank w

here you have a savings account pays 6% interest per annum compounded monthly. How much money do you need to deposit each month
Business
1 answer:
vitfil [10]3 years ago
5 0

Answer:

$81.13

Explanation:

first we must calculate the effective monthly interest rate:

1.06 = (1 + i)¹²

1.004868 = 1 + i

i = 0.4868%

the future value of this annuity is given, but we need the monthly contribution:

monthly contribution = future value / FV annuity factor

future value = $1,000

FV annuity factor, 0.4868%, 12 periods = 12.32656

monthly contribution = $1,000 / 12.32656 = $81.13

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Organizations use gap analysis to identify where their process expectations differ from sap capabilities. 

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3 years ago
Larry owns a successful business called Super Car-Hire. He plans to sell it to Bob. Bob assumes that he can keep up the high rev
Lubov Fominskaja [6]

Answer:

B is the correct option.

Explanation:

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Question Mode Multiple Choice Question A corporation is created by obtaining a charter from: Multiple choice question. an attorn
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<u />

Corporations:

  • Get their charter from a state government
  • Are bound by the laws of the state in which they are registered

The powers that state governments have in the United States include being able to license corporations and when they do this, that corporation is bound by their laws.

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8 0
2 years ago
The el was concerned that one possible contamination was benzene. in a well constructed paragraph, explain why benzene was not p
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A refrigerator used by a wholesale warehouse has a cost of $64,000, an estimated residual value of $5,200, and an estimated usef
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Answer:

(64,000- 5,200 = 58,800).

Explanation:

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3 years ago
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