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3241004551 [841]
3 years ago
12

You want to have $66,000 in your savings account 9 years from now, and you're prepared to make equal annual deposits into the ac

count at the end of each year. If the account pays 6.9 percent interest, what amount must you deposit each year
Business
1 answer:
mixer [17]3 years ago
5 0

Answer:

the amount that need to be deposited each year is $7,166.28

Explanation:

The computation of the amount that should be deposited each year is shown below:

Given that

FV is $66,000

NPER is 9

RATE is 6.9% ÷ 12 = 0.575%

PV is 0

The formula is shown below:

= PMT(RATE,NPER,PV,-FV,TYPE)

AFter applying the above formula, the amount that need to be deposited each year is $7,166.28

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As the dominant member of the channel of distribution, Coca-Cola holds a lot of power in the relationship with independent groce
sergij07 [2.7K]

Answer:

2. an administered vertical marketing system.

Explanation:

  • A vertical marketing system is a form of the cooperation between the multiple levels of the distribution channels and member works together to promote efficiency and the economies of scale.
  • In this way the productions are promoted to the customers and credit can be given to them and the products are fully inspected and delivered.
  • A dominant member of the channels of distribution the coca-cola company has independent stores and functions to provide the setting up displays and merchandise.
8 0
3 years ago
The Brights are buying a home from the Stones. They are splitting the escrow service fees 50-50. Do they live in Northern or Sou
aliya0001 [1]

They live in Southern California.

In Northern California the buyer usually pays the escrow service fees.

Explanation:

As a rule, escrow services price between 1 and 2 percent of a house price for property transactions. In certain cases, the escrow fees may be calculated at $2 per mil of buy price plus $250, depending on the firm.

Similarly, who ends up paying the insurance in California varies depending on the county in which your property is located. The buyer occasionally pays, the vendor sometimes pays. This can be divided 50/50 in other instances. The policy applies to the buyer, how often the retailer pays for it or not.

Sellers have to pay the documents transfer tax at the closing of the escrow in Northern California. The payment is valued at $1.10 per selling price of 1000 dollars. The seller's side of the escrow also includes recording charges, liability, and appraisals.

6 0
4 years ago
In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a
Ne4ueva [31]

Answer:

The Sarbanes-Oxley Act

Explanation:

The name of the act was given because of the two leaders who jointly worked together to regain the trust of potential investors in the financial system. The act discussed the auditing requirements, directors roles and responsibilities and the signing of the annual report by the directors as well and also that the CFO and CEO will form an opinion about the firms future, goals and giving the undertaking that the financial statement are accurate according to their knwoledge.

7 0
4 years ago
Joseph will start school on 9/1/14. He is expected to attend school for four years and will need to pay tuition of $50,000 on Se
My name is Ann [436]

Answer:

e. $153,156

Explanation:

From 9/1/14, he needs $50,000 every year for 4 years to fund the tuition fees. Therefore, present value of the amount needed at 9/1/14 using the Present value of annuity due formula

= 50,000 * {1+ (1/(1.05)^4) } / 0.05 * (1.05)

= $186,162

$186,162 is the amount needed after 4 years. Amount you need to invest today to have this amount in four years = $186,162/(1.05)^4 = $186,162/1.21550625 = $153,156.40

6 0
3 years ago
Congress passed a law allowing widespread oil exploration on federal lands in the western United States. A large deposit of oil
Strike441 [17]

Answer: D. The state law violates the principles of intergovernmental immunity as applied to the manager

Explanation:

Based on the information given, the manager's best defense against the imposition of the fine is that the state law violates the principles of intergovernmental immunity as applied to the manager.

We should note that unless Congress agrees to a particular regulation, the state doesn't have the power to regulate federal government activities and therefore cannot interfere with federal functions. Therefore, the regulation in this case isn't applicable to the manager.

5 0
3 years ago
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