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Grace [21]
3 years ago
12

Ms. Parker would like to have $99.000 buy a new car in 8 yearsTo accumulate $99,000 in years, how much should she invest monthly

in a sinking tund with 3% Interest compounded monthly?

Business
1 answer:
uysha [10]3 years ago
3 0

Answer:

$1,161.23

Explanation:

For computing the monthly payment we need to apply the PMT formula i.e to be shown in the attachment below:

Given that,  

Present value = $99,000

Future value or Face value = $0

RATE = 3% ÷ 12 months = 0.25

NPER = 8 years × 12 months = 96 months

The formula is shown below:  

= PMT(RATE;NPER;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula, the monthly payment is $1,161.23

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satela [25.4K]

Answer:The income elasticity of demand for steak in Cape Charles is ___6.0%____. In this​ instance, steak in Cape Charles is __A luxury good_____

Explanation:

The formula for calculating income elasticity is given as

Percentage Change in demand divided by the Percentage change in income

.

Income Elasticity = 12%/-2%= 6%

Luxury goods  have an income elasticity of demand greater  +1 what we can conclude from this is that buying streak from Cape Charles is not an essential economic activity because a fall in income resulted to a proportionate decrease in quantity demanded.

In this instance, steak in Cape Charles is  a Luxury good _____

7 0
3 years ago
The way the bank determines the balance on which to calculate your interest is known as _____.
neonofarm [45]
The way a bank determines the balance on which you calculate your interest is known as an annual percentage rate. In reality, the banks take the annual percentage rate and charge a person on their daily interest rate. You can find out the daily rate by taking the APR, annual percentage rate, and divide it by the number of days in a year. The correct answer is D. 
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3 years ago
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last year minden company introduced a new product and sold 15,000 units of it at a price of $70 per unit. the product's variable
Inga [223]

A company is a legal entity formed by a group of individuals to engage in and operate a business commercial or industrial enterprise. A company may be organized in various ways for tax and financial liability purposes depending on the corporate law of its jurisdiction.

Present Yearly Net operating income (loss)

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[Selling Price Per Unit 70

\Variabel Expense Per unit 40|

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Variable Expense Per unit 40.00

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Learn more about the company  here

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5 0
1 year ago
If your firm is operating in the negatively sloped portion of a long-run average total cost curve, then your production exhibits
Zolol [24]

Answer: C. Decreasing returns to scale

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8 0
3 years ago
Flash Parcel Service (FPS) built its advertising campaign around the slogan, "Our business quality speaks the language of speed.
jonny [76]

Answer: (E) Product attributes

Explanation:

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The product attribute plays an important role in the market as it helps in creating the variety of products based on the different types of positioning market strategies in the market such as customer actual needs.

According to the given question, the product attribute is the term that is used to for explaining the positioning market strategy of the various types of services of the FPS (Flash Parcel Service).  

 Therefore, Option (E) is correct answer.

5 0
3 years ago
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