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
Juliette [100K]
3 years ago
12

Your only child will go to college 10 years from now. Your salary is $80,000 a year, and is expected to rise with inflation, whi

ch is about 3% annually. Tuition is currently about $40,000 a year, but growing by 5% yearly. What percentage of your salary would go to pay for the first year of your child's college education
Business
1 answer:
Cerrena [4.2K]3 years ago
6 0

Answer:

60.60%

Explanation:

The computation of the percentage of your salary would go to pay for the first year of your child's college education is given below:

The salary after 10 years would be

= 80000 × 1.03^10

= 107513.31.

Now Similarly, the college fees after 10 years would be

= 40000 × 1.05^10

= 65155.78.

So, the percentage would be

= 65155.78 ÷ 107513.31

= 60.60%

You might be interested in
When responding to behavioral interview questions, you should briefly explain the situation and describe the problem or task, yo
Anettt [7]

Answer:

The correct answer is the first option: True.

Explanation:

To begin with, <em>behavioral interview question</em> is the name that receives the type of questions done by an employer in an interview job with the <em>focus on the interviewee's past and experience</em>. Moreover, the principle purpose of this type of questions it to understand and <em>comprehend how the person responsed in certain situations and how he handled those situations</em>. Therefore that it is understandable that when a person is asked these type of questions then he must try to briefly explain what the situation was and how he managed to handle the problem and main task to resolve at the time.

6 0
3 years ago
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation:
shtirl [24]

Answer:

Find the balance sheet in attached excel file

Explanation:

Please note that the workings is before the final figures placed in respective columns.

Download xlsx
6 0
4 years ago
Uusiess will have to spend a lot of money to
lukranit [14]

Answer:

A

Explanation:

5 0
3 years ago
A major goal of use of an electronic health record is the sharing of important clinical information about a patient. The use of
Ainat [17]
A major goal of use of an electronic health record is the sharing of important clinical information about a patient. The use of Continuity of Care Documents (CCD) is directly related to this goal.


>Electronic health record<span> (</span>EHR<span>), or </span>electronic<span> medical </span>record<span> (EMR), are the systematized collection of </span>patient<span> and population </span>electronically<span>-stored </span>health information<span> in a digital format.</span>

4 0
3 years ago
A large computer hardware manufacturer
SashulF [63]

Answer:

I guess horizontal merger

8 0
3 years ago
Other questions:
  • Kasen has left 30 acres of land to the First Church of Magnolia with the condition that it shall own and have rights to it forev
    8·1 answer
  • Jackson Company uses a perpetual inventory system. On November 30, it purchased $10,000 of merchandise and it must pay the $200
    11·1 answer
  • Which of the following dimensions of leadership behavior refers to the extent to which leaders take action to define the relatio
    6·2 answers
  • Fashion, Inc. had a Retained Earnings balance of $16,000 at December 31, 2021. The company had an average income of $6,500 over
    5·1 answer
  • Real GDP per capita in the U.S. grew from about​ $6,000 in the year 1900 to about​ $51,500 in​ 2016, an average growth rate of​
    6·1 answer
  • dentify a true statement about sales-oriented firms. a. They target their products to specific groups of people. b. They recogni
    13·1 answer
  • Most successful organizations minimize the need for explicit rules, regulations, and other boundaries by
    11·1 answer
  • The following data relate to labor cost for production of 22,000 cellular telephones:
    14·1 answer
  • A government is torn between selling annual pollution allowances and setting an annual pollution tax. Unlike in the messy real w
    9·1 answer
  • Evan bought into a housing cooperative that's focused on cultural exchange. Each month, the co-op residents have dinner meetings
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!