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2 years ago

Which are the two best examples of long-term needs that people need to save for?

Business

1 answer:

dimulka [17.4K]2 years ago

3 0

Answer:

1. college education

2. medical emergencies

Explanation:

"Long-term needs" refer to things that you will be needing in the future. Among the choices above, the two best examples of long-term needs that people need to save for are: college education and medical emergencies.

Saving up for college is important if you want to have a bright future or a better salary. Having a good income will give you the chance to save up for your future home's down payment as well as mortgage payment. It will most likely give you a better quality of life. Thus, college education should come first.

Saving up for medical emergencies is also crucial because we're all human beings who, at some point, will deteriorate physically. There are also incidents which we cannot control such as "car accidents." Having money allotted for it will prevent you from borrowing money from other people.

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klemol [59]

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3 years ago

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kotykmax [81]

Answer:

1. $275 million

Yes

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Explanation:

Calculation for the NPV of the investment opportunity

NPV = –100 + 30/0.08

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2. Calculation for IRR

IRR: 0 = –100 + 30/IRR

Hence,

IRR = 30/100

IRR = 30%

Therefore the IRR will be 30%

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2 years ago

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3 years ago

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Answer:

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3 years ago

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