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
C) What are the major jobs of a nurse?​
ivanzaharov [21]

Answer:

1) Conduct physical exams

2) Take a detailed heath care histories

3) Provide counselling and health care to patients

4) Listening to the patients and analysing the physical and emotional needs

6 0
3 years ago
Sometimes a company can short-circuit the task of building an organizational capability in-house by:
maks197457 [2]

Answer:

C) either acquiring a company that has already developed the capability or else acquiring the desired capability through collaborative efforts with outsiders having the requisite skills, know-how, and expertise.

Explanation:

Organisational capability is defined as a companie's ability to manage its resources in meeting customer needs. It enables the business effectively gain advantage over competitors.

Organisational capability is what a business does very well that sets it apart from others, it is unique and not easily replicated.

Instead of building capability in-house, a company can acquire a company that has already developed the capability or else acquire the desired capability through collaborative efforts with outsiders having the requisite skills, know-how, and expertise.

4 0
3 years ago
Read 2 more answers
What is the appropriate accounting treatment for the value assigned to in-process research and development acquired in a busines
Vera_Pavlovna [14]

Answer:

Capitalize as an asset.

Explanation:

6 0
3 years ago
Read 2 more answers
Often, products enter the Blank______ stage of the product life cycle not due to any error in strategy but because of environmen
Anna35 [415]

Often, products enter decline the  stage of the product life cycle not due to any error in strategy but because of environmental changes.

<h3>What is product life cycle?</h3>

A product life cycle is the amount of time a product goes from being introduced into the market until it's taken off the shelves. There are four stages in a product's life cycle—introduction, growth, maturity, and decline.

<h3>What is the decline stage?</h3>

The final stage of the product life cycle (after introductory stage, growth stage and maturity stage) when sales are dropping because the original need and want have diminished or because another product innovation has been introduced.

The sales of most products will decline at some stage. This can be due to factors such as technological advances, trends, innovation or changing consumer tastes. You will know when your product reaches the decline stage of its life cycle because you will notice a significant downturn in the revenue it generates.

Learn more about Decline Stage of Product on:

brainly.com/question/6960017

#SPJ4

4 0
2 years ago
Can I get the answer and explanation to attached question please?
lord [1]

The value of the holdings of Megahurtz International Car Rentals at year end is CA$176,923.08

The value of the holdings if the real went up against the dollar is $266, 667. 67.

<h3>How to find the value of the holdings?</h3>

The exchange rate before the real declined was:

= 270,000 / 200, 000

= 1.35 real per dollar

The new exchange rate after the Real declined was:

= 1.35 x 1.3

= 1.755 Real per dollar

The value of the holdings at year end in Real will therefore be:

= 270, 000 x 1.15

= 310, 500 Real

In Canadian dollar this is:

= 310, 500 / 1.755

= CA$176,923.08

The new exchange rate as a result of the Real increasing in value is:
= 1.35 x (1 - 16% increase in value)

= 1.134 Real per dollar

The value of the holdings at year end would therefore be:

= 270,000 x (1 + 12% earning)

= 302, 400 Reals

In Canadian Dollar this is:

= 302, 400 / 1.134

= CA$266, 666. 67

Find out more on the value of holdings at brainly.com/question/15352363

#SPJ1

7 0
1 year ago
Other questions:
  • Tidewater Fishing has a current beta of 1.16. The market risk premium is 6.8 percent and the risk-free rate of return is 2.9 per
    15·1 answer
  • Countries A and B both produce bicycles. Country B has a comparative
    15·1 answer
  • Which of the following is an example of capital substitution? A. having robots on an assembly line instead of workers B. trade t
    5·1 answer
  • Consumption spending is $4.5 billion, gross private domestic investment is $3 billion, and government expenditures are $2 billio
    7·1 answer
  • One benefit of attending a technical school program is
    15·1 answer
  • What was designed for online shopping
    14·1 answer
  • The City of Lawrence opens a solid waste landfill in 2017 that is at 54 percent of capacity on December 31, 2017. The city had i
    5·1 answer
  • You have been asked to assist Emerald City in its response to increasing flooding. The National Weather Service (NWS) reports it
    7·1 answer
  • A closed economy has income of $1,000, government spending of $200, taxes of $150, and investment of $250. What is private savin
    13·1 answer
  • Ritz​ Products's materials​ manager, Tej​ Dhakar, must determine whether to make or buy a new semiconductor for the wrist TV tha
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!