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Vadim26 [7]
3 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]3 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

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Which of the following statements regarding a balanced scorecard is correct? Multiple Choice A balanced scorecard includes non-f
Fynjy0 [20]

Answer:  All of these are correct answers.

Explanation: In simple words, Balanced scorecard refers to the strategic management system in which the organisational tries to communicate to the stakeholders what is their ultimate goal and what are they trying to establish.

In such a process, the managers of the organisation translate their mission statement relating to various aspects of customer service and declares their course of actions regarding the activities that really matters to the customers.

Hence from the above we can conclude that all the statements are correct in the given case.

4 0
3 years ago
Suppose output is $35 billion, government purchases are $10 billion, desired consumption is $15 billion, and desired investment
Alex17521 [72]

Answer:

Net foreign lending would be equal to <u>$4 billion</u>.

Explanation:

This can be computed using the formula for computing the total output of an open economy as follows:

Y = C + G + I + NX .................................. (1)

Where;

Y = Total Output = $35 billion

C = Desired consumption = $15 billion

G = Government purchases = $10 billion

I = Desired investment = $6 billion

NX = Net foreign lending = ?

Substituting the values into equation (1) and solve for NX, we have:

$35 = $15 + $10 + $6 + NX

$35 - $15 - $10 - $6 = NX

NX = $4 billion

Therefore, net foreign lending would be equal to <u>$4 billion</u>.

8 0
4 years ago
Should Tangshan Mining company accept a new project if its maximum payback is 3.5 years and its initial after tax cost is​ $5,00
Firlakuza [10]

Answer:

Yes, Tangshan Mining company should accept the project.

Explanation:

Payback period is the number of years it takes for a project's expected cash inflows to recover the initial investment amount.

Tangshan company's required payback period = 3.5 years

<u>Year             CF                       Net CF</u>

0             -5,000,000        -5,000,000

1               1,800,000          -3,200,000

2              1,900,000          -1,300,000

3                700,000           -600,000

4               1,800,000            1,200,000

<em>Payback period = last year with -net CF +(absolute net CF that year /total CF the following year)</em>

Payback period = 3 + (600,000 / 1,800,000)

=3 + 0.33

= 3.33 years

Since 3.33 years is lower than the required payback period of 3.5 years, Tangshan Mining company should ACCEPT the new project; it will take less years to fully recover the initial amount investment.

5 0
3 years ago
Which of the following does not influence parent-child relationship​
NISA [10]

Answer:

Monetary Contribution

Explanation:

Parent-child relationship refers to the way the parents nurture the social, physiological, and psychological development of the children.

Monetary contribution implied that in order for parents to give love and care to the children, the children need to provide the parents with a certain amount of money in return.

The type of care and attention that parents give to their children tend to be voluntary. It's purely based on unconditional love and affection. This is why we don't consider monetary contribution as a factor that influence parent-child relationship​.

6 0
3 years ago
Round 8.35 to the nearest whole number
Lelechka [254]
8.35=8
Any decimal point below 5 is rounded down; above 5 is rounded up
Ex: 10.6=11
Hope this helps!
5 0
4 years ago
Read 2 more answers
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