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fomenos
3 years ago
6

Lucy has decided to save for a vacation in 18 months. She will save the money into a short-term investment account returning 4%

annually. How much will she have to put away at the beginning of each month if the vacation cost is $15,000
Business
1 answer:
LenKa [72]3 years ago
7 0

Answer:

Monthly deposit= $810.20

Explanation:

Giving the following information:

Number of periods (n)= 18 months

Interest rate (i)= 0.04/12= 0.0033

Future value (FV)= $15,000

<u>To calculate the monthly deposit, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (15,000*0.0033) / [(1.0033^18) - 1]

A= $810.20

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a. $0

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3 years ago
Charismatic leaders ________
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C

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one it makes sense & it fits in the context of the sentence

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4 years ago
In the short run, a monopolistically competitive firm continues to increase production _____ if it can at least cover its variab
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Answer:

Until Marginal Revenue = Marginal Cost

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In the short run, a monopolistic ally competitive firm continues to increase production until MR = MC if it can at least cover its variable cost. This is the profit maximizing condition. If firm is able to cover his variable costs in short run, he should continue production.

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3 years ago
Dr. G, the principal at Westside High School Academy, is worried that the students who win academic awards might also be more li
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No, Dr G has nothing to worry about because only 8 students won the academic as well as fine arts award out of 128 academic award winners. This corresponds to very low percentage of joint winners out of just academic award winners (0.0625%)

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Winner of academic awards- 128

Winner of fine arts awards- 48

Students who won both awards- 8

Dr G pre assumption= Dr G was worried that winner of academic awards would win fine awards more likely.

But it seems that his assumtions are wrong since only 8 students out of 128 students won joint awards (meaning only 8 students won awards for fine arts as well as academic awards). Similarly, this corresponds to only 0.0625% of students winning academic awards as well as Fine arts awards.

8 0
3 years ago
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Sustainability aims to look at the provision or meeting of needs or obligations at present and future times, making sure that none affects the other.

Sustainability is important in any business as it the key to any business standing the test of time and becoming reputable. Also, sustainability heps a business to attract employees and customers alike, it improves the business reputation as well as maintain the joy of shareholders among  other things.

Cheers

5 0
4 years ago
Read 2 more answers
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