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
shutvik [7]
3 years ago
15

Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high sch

ool in five years. Roughly how much more will Martha need to save for one-year’s tuition to account for an annual rate of inflation of 3%?
$1,590.00
$1,255.00
$300.00
$3,000.00
Business
1 answer:
Luden [163]3 years ago
7 0

Answer:

$1,590.00

Explanation:

Martha has $10,000 saved one. She will join college after 5 years.

Tuition for one year is $10,000. Inflation rate is 3%

The applicable formula is A = P ( 1+ r) ^n

Where A = amount after 5 years

P= principal amount $10,000

r= interest rate 3% of 0.03

n = 5 years

A= $10,000( 1+ 0.03) ^5

A = $10,000 ( 1.03)^5

A= $10,000 x 1.159

A= 11,590.00

Marthe already has $10,000. She will need  11,590.00 - $10,000 more

=$1,590.00

You might be interested in
Which statement is true?
Yakvenalex [24]

Answer:

c. Total units accounted for = units in ending work in process + units transferred out

Explanation:

Total units accounted -

It refers to the total units completed during any work process , is referred to as the total units accounted .

i.e. ,

The total units accounted is the sum of the units transferred out plus the units in the end of the process .

Hence ,

Total units accounted for = units in ending work in process + units transferred out , is the correct equation .

6 0
4 years ago
The entries for the debit account titles in the "Account Title" column are written
Mice21 [21]

The correct answer is A. about one-half inch away from the left side. This is the format followed in listing down entries of account titles for better readability. This is one way of highlighting the account title column and give emphasis on the accounts falling under the debit category.

8 0
4 years ago
What is capital budgeting?
amid [387]

Capital budgeting is the process in which a business determines and evaluates potential expenses or investments that are large in nature. These expenditures and investments include projects such as building a new plant or investing in a long-term venture. Often times, a prospective project's lifetime cash inflows and outflows are assessed in order to determine whether the potential returns generated meet a sufficient target benchmark, also known as "investment appraisal

3 0
3 years ago
A fast food restaurant chain has identified day commuters as its market segment. If the chain wants to persuade this segment to
salantis [7]

What would be the most likely place for it to advertise is: on buses and with signs on parking lots.

<h3>What is Advertisement?</h3>

Advertisement can be defined as the process of creating product awareness to attract customer so as make profit or to generate revenue.

Based on the given scenario the best place to advertise the food is on buses and with sign on parking lots since the restaurant chain has identified day commuters as it target customers doing this  will help to persuade this commuter to buy the fast food product.

Inconclusion what would be the most likely place for it to advertise is: on buses and with signs on parking lots.

Learn more about advertisement here:brainly.com/question/1658517

7 0
2 years ago
Identify at least one type of firm that might exhibit low correlations of returns with the overall stock market? explain why the
svlad2 [7]

 

<span>One firm that is historically low and deals with negatively correlated stock markets is Gold Extraction Companies. They are have very low correction with overall stock markets. The basic reason for this low correlation is that, as the stock market become bearish, investor sentiment becomes weak, due to which most of the investors withdraw their money from stock market. Now once investor has withdrawn the money from stock market , they search on safe investments which will provide them good reruns, Gold is one of the investment which is relatively safe and provide high returns. Thus withdrawn money from the share market is invested in gold by investors. Thus Gold prices and companies related to extraction of gold have very less correlation to the gold.</span>

6 0
3 years ago
Other questions:
  • What is a community college​
    6·1 answer
  • Which type of triangle is best for construction?
    9·1 answer
  • Even when economic indicators show that the economy is down, small businesses often thrive. Think of a small business in your co
    9·1 answer
  • Research suggests that a firm with greater multimarket contact is __________ likely to initiate an attack, but __________ likely
    10·1 answer
  • Which approach to lessons learned helps identify most of the lessons learned on a project
    7·1 answer
  • An insurance company’s procedure for settling a claim under $10,000 for fire or water damage to a home owner is to require two e
    6·1 answer
  • Poe Company is considering the purchase of new equipment costing $89,500. The projected annual cash inflows are $39,700, to be r
    8·1 answer
  • Assume that there are four consumers A, B, C, and D, and the prices that each of them is willing to pay for a glass of lemonade
    6·1 answer
  • What happens to the area of a circle if the circumference is doubled?
    13·2 answers
  • An is manager has identified several of what the diffusion of innovation theory would term laggards in his department. It is lik
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!