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
gavmur [86]
2 years ago
15

Your goal is to withdraw $25,000 in 10 years. To get the money for this withdrawal, you will make the aforementioned five equal

deposits, beginning today and for the following 4 semiyears (6 month periods). How large must each of the five payments be
Business
1 answer:
NikAS [45]2 years ago
7 0

Answer:

the interest rate is missing, so I looked for similar questions and found that the semiannual interest rate is 3%.

first of all, we must determine the amount of money that we need to have in our account in order to be able to withdraw $25,000 in 10 years.

You will start making your semiannual deposits today and they will end in exactly 2 years, so we need to find out the present value of the $25,000 in two years:

PV = $25,000 / (1 + 3%)¹⁶ = $15,579.17

that is now the future value of our annuity due:

FV = semiannual deposit x FV annuity due factor (3%, 5 periods)

$15,579.17 = semiannual deposit x 5.46841

semiannual deposit = $15,579.17 / 5.46841 = $2,848.94

You might be interested in
Denise is planning to open a new gym, and she wants to be sure that her employees can move to any open position and do well. Wha
bija089 [108]

the money system is of corse i love the question

3 0
3 years ago
Which of the following exists when a country can produce something more cheaply and/or of higher quality than any other country
shusha [124]

Answer:

they have the prime market I think? I don't see any options on here to know what direction the question is going.

8 0
3 years ago
chegg amazon.com inc. is one of the world’s leading e-commerce companies, with over $386 billion in revenues for the fiscal year
MariettaO [177]

With nearly $386 billion in revenues for the fiscal year ending December 31, 2020, Amazon.com.inc. is one of the top e-commerce businesses in the world. Amazon's cost of goods sold for the fiscal year that concluded on December 31, 2020 was $233,307 million.

<h3>What is Amazon.com, Inc.?</h3>

A global American technology business, Amazon.com, Inc., specializes in e-commerce, cloud computing, digital streaming, and artificial intelligence. One of the most valuable brands in the world, it has been called "one of the most significant economic and cultural forces in the globe." Along with Alphabet, Apple, Microsoft, and Meta, it is one of the Big Five American technological firms.

On July 5, 1994, Jeff Bezos launched Amazon from his garage in Bellevue, Washington. It has numerous subsidiaries, including Kuiper Systems (satellite Internet), Amazon Lab126, Zoox (autonomous vehicles), and Amazon Web Services (cloud computing) (computer hardware R&D).

To learn more about amazon visit:

brainly.com/question/28235881

#SPJ4

5 0
1 year ago
compared to a perfectly competitive market, a monopolist will produce _____ units and chare a _______ price
aniked [119]

Answer:

some

good

Explanation:

it will be a total

and a few loss

it will sell fast

8 0
2 years ago
The Oklahoma City Zoo has proposed adding to their Web site a major segment providing a virtual tour of the grounds and animals,
motikmotik

Answer:

The Oklahoma City Zoo

A. What is the B/C ratio?

The B/C ratio is the benefit/cost ratio.

B. What is the B-C?

The benefits = $63,000 (90,000 x $0.70)  in the first year

Additional visits = 27,500 x 9 = 247,500

Additional benefits = $173,250 (247,500 x $0.70)

Total benefits = $236,250

The costs =

Initial cost = $305,000

Upkeep, etc = $800,000 ($80,000 x 10 years)

Less salvage value = $63,000

Interest cost = $213,500 (7% of $305,000 x 10 years)

Total costs = $1,255,500

B/C ratio = $236,250/1,255,500 x 100 = 19% approx.

Explanation:

The B/C or Benefit/Cost Ratio is a financial measure that compares the benefits of a project with the costs associated with the project.  It attempts to show how the benefits will outweigh the costs.

The benefits that will accrue from the project when compared to the costs will be 19%.  This implies that less benefit will be derived from the project.

7 0
3 years ago
Other questions:
  • A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Bi
    7·1 answer
  • Harper, Inc. acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2017, for $322,000 in cash. The
    5·1 answer
  • Redline Editorial Services sent a $1,000 invoice to a customer for copyediting a booklet. According to the terms of the invoice,
    14·1 answer
  • A textile artist can buy fabric, thread, and batting, create an heirloom quilt, and then sell the finished work to customers in
    14·1 answer
  • 3. What is the key difference between Net Pay and Gross Pay?
    10·1 answer
  • IDPSs can help the organization protect its assets when its networks and systems are exposed to ____________________ vulnerabili
    13·1 answer
  • Suppose that Michelle buys a cappuccino from Paul's Cafe and Bakery for $4.75. Michelle was willing to pay up to $6.75 for the c
    9·1 answer
  • Indicate whether each of the following actions represents foreign direct investment or foreign portfolio investment. Foreign Dir
    10·1 answer
  • Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate, and interest i
    7·1 answer
  • Goal displacement, satisficing, and groupthink are:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!