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Lapatulllka [165]
3 years ago
11

Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $200,000 in eighteen ye

ars. If they are able to earn 6% per annum, how much must be deposited at the beginning of each of the next eighteen years to fund the education?
Business
1 answer:
ehidna [41]3 years ago
3 0

Answer:

The payment should be of:  $ 6,105

Explanation:

We need to sovle for the annuity-due quota which, generates a 200,000 future value capitalize at 6% per annum:

As this is an annuity due a (1+r) factor is added to the annuity formual to represent this addtional captialziation of the first payment.

PV \div \frac{(1+r)^{time} -1}{rate}(1+r) = C\\

PV 200,000

time: 18 years

rate: 6% = 6/100 = 0.06

200000 \div \frac{(1+0.06)^{18} -1}{0.06}(1+0.06) = C\\

C  $ 6,105.008

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Risk aversion is the behavior in someone when they are exposed to uncertainty and are unsure of something due to being uncertain about it.  

In this case, reluctant for taking changes when making investment best describes risk aversion from an economics stand point. If someone isn't sure the return on investment they would get from investing or the risks associated with investing in something, they are more hesitant to do that. 
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3 years ago
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7. Problems and Applications Q7 A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for worker
fredd [130]

Answer: 187%

Explanation:

The percentage increase in the price of dozen egg would be:

= ( 2.75-0.96) × 100/ 0.96

= 1.79 × 100 / 0.96

= 186.45%

The percent increase in the price of dozen egg = 187%

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3 years ago
Nicole works for RTFC Enterprises as a regional sales representative. RTFC is a prominent producer of board game supplies. Nicol
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Answer:

internal entrepreneur

Explanation:

According to my research on different types of entrepreneurs, I can say that based on the information provided within the question Nicole is an internal entrepreneur. This term is defined as a person within a large corporation who is taking a direct approach for turning an idea into a profitable finished product, usually by being assertive and pushing through organizational obstacles.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Thompson is the chief information officer at a processed food manufacturing company. The information systems used in the company
Nookie1986 [14]

Answer:

chief executive officer (CEO)

Explanation:

Based on the scenario being described within the question it can be said that In this case, Thompson will most likely report to the chief executive officer (CEO) of the company. This is the highest ranking position within a company and is responsible for making all of the company's major decisions. The chief information officer reports directly to the CEO of the company.

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3 years ago
Some automobile dealerships employ a nonnegotiable or no-haggle price strategy to sell their cars. A customer who wants to buy a
pshichka [43]

Answer:

b. women have an intense dislike of price negotiation, yet still want to buy a car.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

Thus, price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

One of the importance associated with the pricing of products is that, it improves the image of a business firm.

A nonnegotiable or no-haggle price strategy is sometimes adopted by car dealerships to sell their cars.

Therefore, a customer who wants to buy a new or used car is required by the car dealership to pay the posted price without any credit left. These dealers probably adopted this pricing policy because women have an intense dislike of price negotiation or bargaining with the salesperson, yet still want to buy a car.

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2 years ago
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