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
Virty [35]
3 years ago
10

Joseph will start school on 9/1/14. He is expected to attend school for four years and will need to pay tuition of $50,000 on Se

ptember 1st of each year. His uncle wants to make an investment on 9/1/10 that will provide sufficient funds for four years of tuition. Assuming he can earn 5% annually, how much must invest on 9/1/10.?
a. $27,282
b. $37,976
c. $104,167
d. $200,000
e. $153,156
Business
1 answer:
My name is Ann [436]3 years ago
6 0

Answer:

e. $153,156

Explanation:

From 9/1/14, he needs $50,000 every year for 4 years to fund the tuition fees. Therefore, present value of the amount needed at 9/1/14 using the Present value of annuity due formula

= 50,000 * {1+ (1/(1.05)^4) } / 0.05 * (1.05)

= $186,162

$186,162 is the amount needed after 4 years. Amount you need to invest today to have this amount in four years = $186,162/(1.05)^4 = $186,162/1.21550625 = $153,156.40

You might be interested in
Using the intuitive least cost method for the given transportation problem, answer the following: Cleveland Dayton Erie Supply A
ch4aika [34]

Answer:

The demand location where demand is unmet is equal to Cleveland. Received only 75 units. 100 units demand is unmet.

Explanation:

Solution

From the example given, we solve for which demand location will have an unmet demand

Now,

The maximum quantity that can be shipped from Allentown to Erie is 100.

The Maximum quantity that can be shipped from Harrisburg to Cleveland is 175

While,

The Maximum quantity that can be shipped from Harrisburg to Dayton is 175

Hence, in case we want an  solution optimum to get the required demand as many as possible with the supply given and with a low costs, then we need to find the optimum solution.

By applying a least cost method called greedy, we need to remove our least costing node and then provide minimum of demand and supply unit a present to each cell.

Thus,

The first least cost is Allentown to Dayton.

From Allentown to Dayton 100 units. Next least cost is Philadelphia to Erie.

From Philadelphia to Erie 150 units. Next least cost is Harrisburg to Erie.

From Harrisburg to Erie 25 units. Next least cost is Harrisburg to Dayton.

From Harrisburg to Dayton 75 units. Next least cost is Harrisburg to Cleveland

From Harrisburg to Cleveland 75 units.

So, for the  optimum solution, the right choice of answer will be

From Allentown to Erie = 0 units

From Harrisburg to Cleveland = 75 units

From Harrisburg to Dayton = 75 units

Therefore, The demand location where demand is unmet  is equal to Cleveland. Received only 75 units. 100 units demand is unmet.

6 0
3 years ago
1.
Annette [7]

Answer:

<em>under</em><em> </em><em>heal</em><em>th</em><em> </em><em>and</em><em> safety</em><em> </em><em>law</em>

Explanation:

The primary responsibility for this is down to employees workers have duty to take of their own health and safety.

4 0
2 years ago
_______ requirements describe the dependability of a system such as service outages and incorrect processing.
jekas [21]
<span>Reliability requirements describe the dependability of a system such as service outages and incorrect processing.
in FURPS+ acronym, R stands for reliability in which we check for system failures predictable, accuracy, recoverable etc.
F stands for functionality, u stands for usability, R for reliability, P for performance, S for supportability and Plus for other constraints. Robert Grady of HP devised this FURPS+ acronym.
</span>
7 0
3 years ago
A company started the year with $10,000 of inventory. Purchases for resale during the year were $20,000. Inventory on December 3
Monica [59]

The inventory indicates that the cost of goods sold will be $25000.

<h3>How to calculate the cost of goods sold</h3>

It should be noted that the cost of goods sold ic calculated through the formula:

= Opening inventory + Purchases - Closing inventory

= $10000 + $20000 - $5000

= $25000

Therefore, the cost of goods sold is $25000.

Learn more about inventory on:

brainly.com/question/24868116

7 0
2 years ago
Which of the following is the least liquid investment A. Savings account B. CD C. Mutual fund D. Cookie jar
Drupady [299]
Hello there!


The correct answer is option D- Cookie jar

As always, it is my pleasure to help students like you!

4 0
3 years ago
Other questions:
  • According to the _____, the most effective management theory or idea depends on the kinds of problems or situations that manager
    5·1 answer
  • A marketing consultant uses the job costing system and has a pre-determined overhead rate of $15 per direct labor hour. This amo
    15·1 answer
  • How did madrids tax reforms also aggravate discontent?
    15·1 answer
  • Company A makes canned tomatoes. The plant operates around the clock and has a long conveyor belt to take the
    8·1 answer
  • It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. As a result, ope
    13·1 answer
  • What are some ways that people might describe themselves?
    15·2 answers
  • An advantage of the matrix organization is that it: a.gives top management a useful vehicle for centralization. b.allows its emp
    8·1 answer
  • Foster, Inc., purchased a truck by paying $5,000 and borrowing the remaining $30,000 required to complete the transaction. Ident
    14·1 answer
  • Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.5 pound
    11·1 answer
  • Boots Plus has two product​ lines: Hiking boots and Fashion boots. Income statement data for the most recent year​ follow: Total
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!