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earnstyle [38]
3 years ago
9

Your goal is to earn an annual salary of $100,000 three years from now. You expect to increase your salary by 6.5 percent annual

ly. How much do you need to earn this year if you are going to reach your goal?
a. $72,988.08
b. $82,784.91
c. $87,878.88
d. $84,363.13
Business
1 answer:
timofeeve [1]3 years ago
3 0

Answer:

$87,878.88

Explanation:

Calculation How much do you need to earn this year

Using this formula

PV = FV/ (1 + r )^n

Where,

FV =Future Value=$100,000

PV = Present Value

r = rate of interest=6.5%

n= no of period=3 years

Let plug in the formula

PV = $100,000 / ((1 + 6.5%)^3)

PV = $82,784.91

Therefore the amount you need to earn this year will be $82,784.91

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Spinning Wheels Co. is considering renting a new bike shop. The landlord has offered a number of alternatives for paying the ren
Vera_Pavlovna [14]

Answer:

The present value of the rent payments over the life of the lease is  $27,708

Explanation:

Year 1: $8,000

Year 2: $12,000

Year 3: $14,000

Rate of return: 10%

Option 1:

The present value of the rent payments over the life of the lease can be calculated in excel in the formula of NPV

= NPV(Rate, Cash in year 1, cash in year 2, cash in year 3) = NPV(10%,8000,12000,14000) = $27,708

Option 2:

NPV of cash in Year 1 after 3 years = $8,000/(1+10%)^1 = $7,273

NPV of cash in Year 2 after 2 years = $12,000/(1+10%)^2 = $9,917

NPV of cash in Year 3 after 1 years = $14,000/(1+10%)^3 = $10,518

So total NPV of cash in 3 years = $7,273 +$9,917+$10,518

= $27,708

4 0
3 years ago
When you know you cannot pay your debts, which of the following should you do?
juin [17]
I would choose A, because they know your situation and they know how to hopefully get you out of it.
4 0
3 years ago
Choose the era that best matches the statement given.
Alekssandra [29.7K]

Answer:

Marketing company era

Explanation:

They need to get their product out there, so they use mission statements to please the customer, which is marketing.

8 0
3 years ago
Pham can work as many or as few hours as she wants at the college bookstore for $9 per hour. But due to her hectic schedule, she
amid [387]

Answer:

The correct answer is "she should work 16 hours per week at daycare center to earn $136.00"

Explanation:

Pham can earn at the college bookstore

$9 dollars per hour x 15 hours per week she can spend  

$9 x 15 = $135

At a café she can earn  

= $12 dollars per hour x 6 hours per week

=$12 x 6 = $72

At a garage she can earn

= $10 dollars per hour x 5 hours per week

= $10*5 = $50.

At a daycare center she can earn

= $8.50 dollars per hour x 16 hours per week

= $8.50*16 = $136.

If her goal is to maximize the amount of money she can make each week,

she should work 16 hours per week at daycare center to earn $136.00

6 0
3 years ago
The motivating force behind an increase in supply in a long-run adjustment to equilibrium is
sasho [114]
Economic profits that are present in the short run.
7 0
3 years ago
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