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
stiks02 [169]
2 years ago
9

plan to buy a time-share in six years of $16,860. In order to have adequate funds to do so, the Walker want to make a deposit to

their money market fund today. Assume that they will be able to earn an investment rate of 5.75%, compounded annually. How much will James and Rachel need to deposit today to achieve their goal
Business
1 answer:
stellarik [79]2 years ago
4 0

Answer:

Initial investment= $12,055.22

Explanation:

Giving the following information:

Future Value (FV)= $16,860

Number of periods (n)= 6 years

Interest rate (i)= 5.75% = 0.0575

<u>To calculate the initial investment (PV), we need to use the following formula:</u>

<u></u>

PV= FV / (1 + i)^n

PV= 16,860 / (1.0575^6)

PV= $12,055.22

You might be interested in
The cost of a high-quality 250-horsepower compressor was $13,500 when recently purchased. What would a 608-horsepower compressor
frez [133]

Answer:

Cost of 608 hp compressor = $32,832

Explanation:

Given:

Cost of 250 hp compressor = $13,500

Find:

Cost of 608 hp compressor

Computation:

Cost of 608 hp compressor = Cost of 250 hp compressor x [608 / 250]

Cost of 608 hp compressor = $13,500 x [608 / 250]

Cost of 608 hp compressor = $32,832

4 0
2 years ago
Difinition of effective communication
Tomtit [17]
The mutual understanding and listening to both parties. It helps create a stronger work relationship (this isn’t the exact answer it’s just in my own words)
7 0
3 years ago
Which of the following represents an opportunity for generating a new product?
Alexus [3.1K]

The correct answer is D. All of these.

7 0
3 years ago
An employee is given a formal written warning for an offense he has committed. Despite this, he proceeds to commit another offen
galben [10]

Answer:

temporary suspension and maybe an Improvement Plan.

Explanation:

Based on the scenario, if the company has adopted a progressive discipline program then the according response would be a temporary suspension and maybe an Improvement Plan. This is because a progressive discipline program follows the following steps accordingly.

1) Verbal Counseling. The first step in a progressive discipline process is to merely have a conversation with the employee. ...

2) Written Warning. The second step should be another conversation that is documented in a written format. ...

3) Employee Suspension and Improvement Plan. ...

4) Termination.

Seeing since step 2 has already been done the next course of action would be step 3.

6 0
3 years ago
Read 2 more answers
Suppose the country of Stan has fixed its exchange rate to the dollar. The official exchange rate is 0.50 U.S. dollars per rupee
In-s [12.5K]

Answer and Explanation:

1. At 0fficial exchange rate:

100 * 0.5 = $50

what I want to buy would be purchased at $50

at market exchange rate:

0.25 x 100 = $25

products bought from this place are not a good deal as I am paying more than the market exchange rate.

2. at equilibrium exchange rate:

100 x 0.25% = $25

the price is $25

3. from answers 1 and 2, I will not want demand Stan's rupees. the products are costly to get.

4. Stan's currency is obviously overvalued. the people from this country now has increased purchasing power so they can purchase goods in dollars, therefore they would be supplying their currency.

5. They will have to buy up the surplus of rupees so that they can easily keep up with maintaining the rupee at half a dollar.

8 0
4 years ago
Other questions:
  • Which type of payment has the most consistent earnings?
    10·2 answers
  • Brooks Foundry in Rochester comma New York​, uses a predetermined manufacturing overhead rate to allocate overhead to individual
    15·1 answer
  • Should color and design be used in emails
    12·2 answers
  • Under the fair labor standards act, eligible employees may take up to twelve weeks of leave within a twelve-month period to care
    14·1 answer
  • Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile re
    9·1 answer
  • 1. The market-pull view of new product innovation is to A. "pull" the products into the market as fast as possible. B. develop p
    6·1 answer
  • A constant-cost industry
    6·1 answer
  • Jake owns The Corner Market which he is trying to sell so that he can retire and travel. The Corner Market owns the building in
    14·1 answer
  • For the backpack buyer, note the importance of each of the five main characteristics under PREFERENCES and consider each in term
    10·1 answer
  • The present value of cash flow will be greater if we compound less frequently holding the stated interest rate constant. a. true
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!