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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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What is the key to building lasting customer​ relationships?
m_a_m_a [10]

(A) creating superior customer value and satisfaction.

When customers are satisfied with products and services, it tends to build a lasting relationship, and that is why some customers will stick to a particular product for years irrespective of change in price or change in income. Value to customers as to do with what they benefit from your product or services rendered, and so to create superior customer value satisfaction, you need to understand what your customers really want and ensure that they get value/benefit.

6 0
3 years ago
Peggy is in the business of factoring accounts receivable. Last year, she purchased a $30,000 account receivable for $25,000. Th
N76 [4]

Answer:

e. None of these.

3 0
2 years ago
g. You are deriving a gross income multiplier in the appraisal of a 14-unit apartment building. Market data is as follows: 16 un
liubo4ka [24]

The GIM suggested for the 14-unit property is 8.

Data and Calculations:

                                            16 units      12 units        4 units

Selling price                   $1,200,000  $960,000   $480,000

Gross income                    $150,000  $120,000      $48,000

Gross Income Multiplier               8               8                  10

A 14-unit apartment building's suggested GIM = 8                

A property's gross income multiplier (GIM) measures the property value by dividing the property's sale price by its gross annual rental income.

Thus, the GIM suggested for the 14-unit property is <em>8.</em>

Learn more: brainly.com/question/14477119

3 0
2 years ago
Brent is a full-time exempt employee in Clark County, Indiana. He earns an annual salary of $39,360 and is paid semimonthly. He
serious [3.7K]

Answer:

  • Federal Income tax ⇒ $80
  • FICA ⇒ $125.46
  • State income tax ⇒ $52.97
  • Local deduction - Clark County Income tax ⇒ $29.52

Explanation:

Brent gets paid semi-monthly so his pay per period is:

= 39,360 / (12 months *2)

= $1,640

Based on the table therefore, his federal tax is:

= $80

This figure is based on the intersection between income of $1,640 and 3 withholding allowances.

FICA tax rate is 7.65% so his FICA tax is:

= 1,640 * 7.65%

= $125.46

State income tax = $52.97

Local deduction - Clark County Income tax = $29.52

Total deductions:

= Federal tax + FICA + State income tax + Clark County income tax

= 80 + 125.46 + 52.97 + 29.52

= $287.95

3 0
3 years ago
If there are too few respondents in the lowest income category, this category may be combined or merged with the next lowest cat
Nostrana [21]

Answer: E) Recoding

Explanation:

Recoding refers to the changing of a variable to better suit the needs for which the variable is being collected.

The variable's parameters can be redefined using recoding to either include more information or less so that the result can be more reflective of the situation on ground.

In mixing the lowest income category with the next lowest, recoding would have occurred.

5 0
3 years ago
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