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Stels [109]
3 years ago
6

Suppose that a young couple has just had their first baby and they wish to ensure that enough money will be available to pay for

their child's college education. Currently, college tuition, books, fees, and other costs average $8,000 per year. On average, tuition and other costs have historically increased at a rate of 2% per year. Assuming that college costs continue to increase an average of 2% per year and that all her college savings are invested in an account paying 10% interest, then the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education is closest to
A. $37.232.13
B. $40,955.35
C. $42.952,46
D. $11.425,97
Business
1 answer:
yuradex [85]3 years ago
7 0

Answer:

B. $40,955.35

Explanation:

The computation of the amount that need to pay is shown below:

The Amount needed at 18 age is

= Present value of all future expenses

= $8000 × (1.02)^18 + $8,000 × (1.02)^19 ÷ 1.1 +$ 8000 × (1.02)^20 ÷ (1.1)^2 + $8,000 × (1.02)^21 ÷ (1.1)^3

= $11,425.6 + 10,594.98 + 9,824.44 + 9,109.39

= $40,954.95

It is nearest to option B

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In "Do Not Go Gentle into That Good Night”, the speaker emphasizes that older men should fight fiercely against death. The setti
Advocard [28]

The theme of the poem is about the Bravery of the military unit .hence choice 1 is correct.

<h3>What is the summary of  The Charge of the Light Brigade?</h3>

An emotional poem, The Charge of the Light Brigade, both honors and mourns the battle's action. The concept of the valiant and gallant British soldier—one whose moral obligation was to fight for justice—emerged during the Crimean War.

Tennyson honors a military unit's bravery for charging the enemy despite insurmountable odds: they are "six hundred" against an "army."

Hence the appropriate answer is Bravery.

Learn more about The Charge of the Light Brigade:

brainly.com/question/1343588

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3 0
2 years ago
Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (U
Andrew [12]

Answer:

Given that,

Taxable income = $75,000

Interest from an investment = $10,000

Using the U.S tax rate schedule in 2017

(a) Federal tax will he owe = $5,226.25 + 25% × ($75,000 - $37,950)

                                            = $5,226.25 +  $9262.5

                                            = $14,488.75

(b) Average\ Tax\ Rate = \frac{Total\ Tax}{Taxable\ Income}

    Average\ Tax\ Rate = \frac{14,488.75}{75,000}

                                             = 19.32%.

(c)Effective\ Tax\ Rate = \frac{Total\ Tax}{Total\ Income}

Effective\ Tax\ Rate = \frac{14,488.75}{75,000 + 10,000}

                                        = 17.05%          

(d) Chuck is currently in the 25 percent tax rate bracket.

His marginal tax rate on increases in income up to $16,900 and deductions from income up to $37,050 is 25 percent.                                                

6 0
3 years ago
Global market channels involve a firm producing goods in:______
topjm [15]

Answer:

A. Their home country and exporting them to other countries.

Explanation:

A global market channel generally explains the production of commodities by a certain or group of firms and goods by a home country and exporting them to other countries. This is seen generally in the production of phones, laptops, tv brands refrigerators and a whole lot of products amongst tier 1 or tier 2 countries and are been shipped to lowest their countries and other tier countries. This is seen to boost the economy and international trade friendship of either countries though the country at the recieving end is loosing per capital but at the end, we need each other to grow and live.

3 0
3 years ago
Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year. If the store ea
Korolek [52]

Answer: $94,000

Explanation:

7 0
3 years ago
On February 1, 2014, Nelson Corporation purchased a parcel of land as a factory site for $280,000. An old building on the proper
seropon [69]

Answer:

Land = $295,000

Building = $1,375,000

Explanation:

The computation of cost of the land and new building is shown below:-

Land = Parcel of land + Demolition of old building + Legal fees for title investigation and purchase contract - Salvaged materials resulting from demolition were sold

= $280,000 + $20,000 + $5,000 - $10,000

= $305,000 - $10,000

= $295,000

Building = Architect's fees + Construction costs

= $35,000 + $1,340,000

= $1,375,000

We simply applied the above formulas

7 0
3 years ago
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