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
Soloha48 [4]
3 years ago
12

Solving for PMT of an annuity​) To pay for your​ child's education, you wish to have accumulated ​$ at the end of years. To do t

his you plan on depositing an equal amount into the bank at the end of each year. If the bank is willing to pay percent compounded​ annually, how much must you deposit each year to reach your​ goal?
Business
1 answer:
Gemiola [76]3 years ago
4 0

Answer:

$783.87

Explanation:

Complete question <em>"To pay for your​ child's education, you wish to have accumulated ​$10,000 at the end of 8 years. To do​this, you plan to deposit an equal amount into the bank at the end of each year. If the bank is willing to pay 13 percent compounded​annually, how much must you deposit each year to obtain your​goal?"</em>

<em />

NPER = 8

FV = 10,000

Rate = 13%

PV = 0

Future Value of Annuity = PMT(Rate, NPER, PV, FV)

Future Value of Annuity = PMT(13%, 8, 10000, 0)

Future Value of Annuity = 783.8671964727014

Future Value of Annuity = $783.87

So, one must deposit $783.87 each year to reach the goal.

You might be interested in
If a product is to be properly commercialized, there must be integration between __________ and __________.
Marina CMI [18]
<span>If a product is to be properly commercialized, there must be integration between finance and marketing.</span>
5 0
3 years ago
If a worksite includes more than one set of management and workers, who should have access to the information, training, and con
VashaNatasha [74]

Answer:

Every worker and manager per set of management within the worksite

Explanation:

In such a situation, all workers and managers should have access to the information, training, and controls needed to avoid workplace accidents. Since the possibility of one occurring is a common risk to all, being appropriately trained on right precautions and procedures is important to both managers and employees. They will know how to administer first aid and even perform CPR at workplace.

7 0
3 years ago
6
TEA [102]

Answer: Four pies.

Explanation:

Marginal cost is the additional cost of producing one extra unit of a good or service.

From this graph we see the marginal cost rise when the first pie is produced and then it subsequently decreases as the second and third pie is produced which is where it reaches its lowest point.

From the fourth pie, the marginal cost begins to rise again which means the marginal cost begins to increase when the producer makes four pies.

3 0
3 years ago
Two categories of expenses in merchandising companies are a. cost of goods sold and financing expenses. b. operating expenses an
expeople1 [14]

Answer:

Two categories of expenses in merchandising companies are c. cost of goods sold and operating expenses

Explanation:

Merchandising Companies will incur direct expenses related to their trading activities in relation to each of their sales and these are known as cost of goods sold. Cost of Goods Sold is an expense in the Trading Account.

However, the Merchandising Company will also incur other indirect expenses to maintain its trading and are not directly related to each sale of their merchandise. For example the cost of Administration Work and Depreciation of its equipment. These  are known as Operating Expenses. Operating Expenses are expenses in the Profit and loss Account

4 0
3 years ago
Read 2 more answers
A decrease in supply would best be reflected by a change from
Sergeu [11.5K]

When there is a decrease in supply, it would be reflected by a change from Curve A to Curve C.

<h3>How are supply decreases reflected?</h3>

When supply decreases, it leads to the supply curve shifting to the left to show that there is a lesser quantity available.

In the graph therefore, a decrease in supply would be shown as a shift from Curve A to Curve C or Curve B to Curve A.

Find out more on decreases in supply at

#SPJ12

6 0
2 years ago
Other questions:
  • Three entrepreneurs were looking to start a new brewpub near sacramento, california, called roseville brewing company (rbc). bre
    8·1 answer
  • Flozell Adams is a professional football player formerly with the Dallas Cowboys. He submitted a claim in arbitration against hi
    11·1 answer
  • What type of expense is your rent each month?
    11·2 answers
  • Return on Common Stockholders' Equity
    14·1 answer
  • In which of the following situations would the minimum efficient scale of operation provide little or no guidance regarding how
    13·1 answer
  • On November 21, 2021, a fire at Hodge Company's warehouse caused severe damage to its entire inventory of Product Tex. Hodge est
    8·1 answer
  • What are the four types of costs that a business must consider in making business decisions
    5·1 answer
  • Skymont Company wants a raw materials ending inventory each month equal to 30% of that month's production needs. The production
    14·1 answer
  • What is the value of $1000 par value 8 3/8% Marriott Corporation bond for the for each of the following required rates of return
    13·1 answer
  • Brief Exercise 229 Iverson Company purchased a delivery truck for $45,000 on January 1, 2020. The truck was assigned an estimate
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!