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
Vadim26 [7]
2 years ago
15

Education Planning: Suppose you have just had your first child and you want to begin saving for their college education. You est

imate that with inflation, the cost of four years of college at a top university will cost a total of $225,000 in 18 years when your child graduates from high school. How much do you need to invest at the end of each month (part a) or year (part b) for the next 18 years to accumulate the $225,000 assuming:
Business
1 answer:
luda_lava [24]2 years ago
6 0

To obtain $225,000 in 18 years it is necessary to save or invest at least  1,041.66 every month and 12,500 every year.

We know the total money that needs to be saved to cover college education is $225,000 and the time to save up this money is 18 years. Based on these two details, let's find out how much you need to save every month and every year.

Total of months:

  • 12 months x 18 years = 216 months.

The total you need to save per month:

  • $225,000 / 216 = 1,041.66.

The total you need to save per year:

  • 1,041.66 x 12 = 12,499.99 that can be rounded as 12,500.

Note: This question seems to be incomplete; however, I answered it based on the information provided.

Learn more in: brainly.com/question/11508361

You might be interested in
A person with anorexia nervosa is likely to Multiple Choice
Elis [28]

Answer:

2. grow up in a perfectionistic home with very high expectations.

Explanation:

1- There is no relation with economic conditions

3- There are no relation with how home is flexible

4- If we check where problem comes from and decided that mother can be the reason then even mother has a healthy body we expect person to be normal.

2- Grow up with very perfectionist and expecting lots of issues then anorexia might occur.

7 0
2 years ago
When mik has an absolute advantage in the production of two goods over tommy, mik?
Vesna [10]
When milk has an absolute advantage in the production of two goods over Tommy, Milk IS MORE PRODUCTIVE IN PRODUCING BOTH GOODS THAN TOMMY.
A country or an individual is said to have absolute advantage in producing a good if the person can produce the good more efficiently economic wise.
6 0
3 years ago
Those who are working are defined as_____ (one word) and those who are not working but actively seeking work are defined as____
Nat2105 [25]

Those who're running are described as hired and people who aren't running however actively in search of paintings are described as unemployed.

The required details for Unemployment in given paragraph

Unemployment, in keeping with the OECD now no longer being in paid employment or self-employment however presently to be had for paintings all through the reference period. Unemployment is measured through the unemployment rate, that's the range of those who are unemployed as a percent of the hard work force (the overall range of humans hired introduced to the ones unemployed). Unemployment and the fame of the financial system may be stimulated through a rustic thru, for example, financial policy. Furthermore, the financial authority of a rustic, along with the relevant bank, can have an impact on the supply and price for cash thru its financial policy. In addition to theories of unemployment, some categorizations of unemployment are used for extra precisely modelling the consequences of unemployment within side the financial system. Some of the principle styles of unemployment include structural unemployment, frictional unemployment, cyclical unemployment, involuntary unemployment and classical unemployment.

Structural unemployment specializes in foundational troubles within side the financial system and inefficiencies inherent in hard work markets, which include a mismatch among the deliver and call for of people with important talent sets. Structural arguments emphasize reasons and answers associated to disruptive technologies and globalization.

To know about Unemployment click here

brainly.com/question/22741851

#SPJ4

8 0
11 months ago
Rajesh Indian Market (RIM) is open 12 months out of the year. At RIM, the demand for rice is very consistent 200 pounds per mont
Paladinen [302]

Answer:

A. 566 pounds

Explanation:

Given: Demand for rice is very consistent= 200 pounds per month.

           Cost of rice per order= $50 per order.

           Rice cost= $5 per pound.

           Carrying charge= 15%

EOQ: Economic order quantity (EOQ) is the number of units that company should include in their inventory with each order to reduce cost of inventory.

Now, calculating EOQ.

Formula; EOQ= \sqrt{\frac{2DP}{C} }

D= Demand in units for specified period.

P= relevant ordering costs per order.

C= Relevant carrying cost of one unit in stock for the time period used for D.

EOQ= \sqrt{\frac{2\times (50)(200\times 12)}{5\times 15\%} }

⇒ EOQ= \sqrt{\frac{2(50)(2400)}{5\times (0.15)} }

Opening parenthesis

⇒ EOQ=  \sqrt{\frac{240000}{0.75} }

⇒ EOQ= \sqrt{320000}

∴ EOQ= 565.68\ pound \approx 566\ pounds

Hence, Economic order quantity is 566 pounds.

           

5 0
2 years ago
First mover advantages refers to the benefits a firm may achieve by entering a new market or developing a new product or service
OLga [1]

There are several first mover advantages including:

-Brand recognition: better chance of being recognized if you were the first to do something

- Economies of Scale: learn how to perfect and grown in the market before other competitors come along

-Switching costs: when customers are established with the first brand they are less likely to want to spend the money to switch to a new competitor

5 0
2 years ago
Other questions:
  • Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $21,500. Its estimated residual value was
    7·1 answer
  • _____ holds data when the computer is off or during the course of a program's operation.
    13·1 answer
  • BE10.4 (LO 2), AP Gundy Company expects to produce 1,200,000 units of Product XX in 2020. Monthly production is expected to rang
    13·1 answer
  • A college graduate who is searching for his first job illustrates the concept of cyclical unemployment. frictional unemployment.
    15·1 answer
  • Ralph works in the HR department and is in charge of developing the plans for how people are paid and how the employee benefits
    5·1 answer
  • If you wish to pay exactly the same life insurance premium each year, you would choose a:
    15·1 answer
  • People who make goods and services are called _____ . consumers producers investors
    11·2 answers
  • When Zappos focused on aligning and maximizing customer service, distribution, product selection, and other key areas, they were
    7·1 answer
  • All of the following except
    15·1 answer
  • What part of the cover letter explains how the applicant’s qualifications meet the needs of the company?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!