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
Pachacha [2.7K]
3 years ago
15

Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $73

,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child’s college education?
Business
2 answers:
Amanda [17]3 years ago
8 0

Answer: 9.01

Explanation:

GIVEN the following ;

Period(t) = 18

Present value(PV) = $73,000

Future Value(FV) = $345,000

To calculate the rate of interest in other to attain a future value of $345,000 with a Present value of $73,000 in the next 18 years.

Recall:

Rate(r) = [ (FV/PV)^1/t] - 1

r = [ ($345,000/$73,000)^1/18 ] - 1

r = [(4.72602739726)^1/18] - 1

r = 1.0901142 - 1

r = 0.0901

r = 0.0901 or 9.01%

Rate of interest on the investment should be 9.01%

iren2701 [21]3 years ago
4 0

Answer:

r= .0901, or 9.01%

Explanation:

N=18, PV=73,000, FV=345,000, I=? 9

Therefore:

V = PV(1 +r)t

= (FV/PV)1/t– 1

r= ($345,000/$73,000)1/18– 1

r= .0901, or 9.01%

The annual rate of interest the person must earn on the investment to cover the cost of the child’s college education is 9.01%

You might be interested in
a publisher has copies of a philosophy book in its inventory, but it produces 1,000 copies of the book in august that it expects
lidiya [134]

If the publisher actually sells 1300 textbooks:

  • C. the publisher will earn more revenue than it would have earned if it had not printed the additional 300 textbooks.

The publisher will earn more revenue because it will sell the additional 300 textbooks at the regular price. The cost of printing the additional textbooks is less than the revenue generated from selling them.

<h3>The Benefits of Printing More Textbooks</h3>

In today's competitive marketplace, publishers must be strategic in their planning in order to maximize profits. One way to do this is to print more copies of a popular book than initially anticipated. This may seem counterintuitive, but if a publisher knows that a book is in high demand, printing more copies can actually lead to more profits.

There are several reasons for this. First, by printing more copies, the publisher can sell the book at a lower price point, making it more affordable for students and increasing the likelihood of sales. Second, the publisher can sell the additional copies to other bookstores or distributors, who may be willing to pay a higher price for them. Finally, if the publisher knows that a book is in high demand, printing more copies can help to ensure that the book remains in stock and available for purchase, preventing lost sales due to a lack of inventory.

Overall, printing more copies of a popular book can be a wise decision for a publisher, as it can lead to increased sales and profits. By being strategic and proactive, publishers can stay ahead of the competition and keep their business thriving.

<h3>The complete question: </h3>

A publisher has copies of a philosophy book in its inventory, but it produces 1,000 copies of the book in august that it expects to sell in the upcoming academic year. the price of the book is $120. if the publisher actually sells 1,300 textbooks, then:

  • A. the publisher will lose money on the sale of the textbooks.
  • B. the publisher will earn exactly enough revenue to cover the cost of printing the textbooks.
  • C. the publisher will earn more revenue than it would have earned if it had not printed the additional 300 textbooks.
  • D. the publisher will earn less revenue than it would have earned if it had not printed the additional 300 textbooks.

Learn more about publishers :

brainly.com/question/25817628

#SPJ4

3 0
2 years ago
Which of the following is an expense that results from the usage of a natural​ resource? A. depletion B. obsolescence C. depreci
pshichka [43]

Answer:

A. depletion

Explanation:

Depletion  is provided as an expense for usage of natural resources like mines, quarries and oil wells.

4 0
3 years ago
Reasons why in business,staff are restricted to communicate with press?​
Evgen [1.6K]

Answer:

Limited communication media can force employees to deliver messages using ineffective methods. Inappropriate upward communication tools can create confusion

Explanation:

4 0
3 years ago
Describe trade union
LiRa [457]

Answer:

A trade union is an organisation made up of members (a membership-based organisation) and its membership must be made up mainly of workers. One of a trade union's main aims is to protect and advance the interests of its members in the workplace. Most trade unions are independent of any employer.

4 0
3 years ago
Read 2 more answers
________ is the analysis and redesign of workflow within and between enterprises. Multiple Choice Business process reengineering
stich3 [128]

(C) Business process reengineering (BPR) is the analysis and redesign of workflow within and between enterprises.

<h3>What is Business process reengineering (BPR)?</h3>
  • Business process re-engineering (BPR) is an early 1990s business management method that focuses on the analysis and design of workflows and business processes within a company.
  • BPR seeks to assist firms in fundamentally rethinking how they do business in order to improve customer experience, reduce operational costs, and compete on a global scale.
  • BPR aims to assist businesses in significantly restructuring their organizations by focusing on the design of their business processes from the ground up.
  • A business process, according to early BPR proponent Thomas H. Davenport (1990), is a sequence of logically related operations executed to produce a specific business objective.

Therefore, (C) business process reengineering (BPR) is the analysis and redesign of workflow within and between enterprises.

Know more about Business process reengineering here:

brainly.com/question/14019951

#SPJ4

Complete question:

__________ is the analysis and redesign of workflow within and between enterprises.

Multiple Choice

(A) Critical success factors (CSFs)

(B) Benchmarking metrics

(C) Business process reengineering (BPR)

(D) Decision support interfaces (DSI)

5 0
2 years ago
Other questions:
  • Q7. Which of the following is a necessary condition – something that must occur—for nominal GDP to rise? Explain your answers.
    14·1 answer
  • Classify​ Lawlor's costs as period costs or product costs. If the costs are product​ costs, further classify as direct​ material
    15·1 answer
  • The innovation paradox implies that consistency in products and services provokes a tension with the need for new products. This
    14·1 answer
  • Beloved Baby Company manufactures and sells children's strollers. Each stroller requires eight screws. For September, Beloved Ba
    11·1 answer
  • South Beach Insurance is about to begin using a program that will change the way its adjusters settle insurance claims. Adjuster
    10·1 answer
  • During an interview, _______________questions require you to use your own experiences and attributes to craft answers and often
    10·1 answer
  • Work with delivery teams that are implementing the solution to ensure the technology features are appropriate. Ensure alignment
    6·1 answer
  • What is the difference between national and enterprise.
    12·1 answer
  • Why are most economies in the world today considered mixed economies?.
    9·1 answer
  • Workers typically get dirty if they work at a job site for
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!