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LenKa [72]
2 years ago
15

Both you and your older brother would like to have $28,500 in 14 years. Because of your success in this class, you feel that you

are a more savvy investor than your brother and will be able to earn an annual return of 10.5 percent compared to your brother's 8.7 percent. How much less than your brother will you have to deposit today
Business
1 answer:
Nina [5.8K]2 years ago
8 0

How much less than your brother will you have to deposit today is $1,820.78.

First step

Future value = Present value × (1 + interest rate)^number of years

$28,500 = Present value × (1 + 0.105)^14

Present value= $28,500 ÷ 1.105^14

Present value= $28,500 ÷ 4.04642869977

Present value=$7,043.25

Second step

Future value = Present value × (1 + interest rate)^number of years

$28,500 = Present value × (1 + 0.087)^14

Present value= $28,500 ÷ 1.087^14

Present value= $28,500 ÷3.21524163645

Present value=$8,864.03

Third step

Deposit today=-$8,864.03-$7,043.25

Deposit today= $1,820.78

Inconclusion how much less than your brother will you have to deposit today is $1,820.78.

Learn more about present value here:brainly.com/question/15904086

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The correct answer is this one: "segment an organizational market." Variables such as location, the North American Industry Classification System (NAICS) code, and type of buy are all examples of ways to: <span>segment an organizational market.</span>
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Terrance is very skilled in biological research and the scientific principles guiding his work. He is also punctual, well-organi
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Answer:

<em>Transferable skills</em>

Explanation:

Transferable skills <em>include all abilities that you may have, that are helpful to companies throughout different employment and sectors. </em>

They may involve abilities that companies pursue in powerful applicants such as versatility, organisation, sportsmanship or other characteristics.

These skills can be used when searching for a new job to place your previous experience, especially if it's in another sector.

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3 years ago
Japanese auto manufacturers, such as Toyota and Nissan, have invested billions of dollars in the United States by building new f
kotykmax [81]

The given statement " Japanese auto manufacturers, such as Toyota and Nissan, have invested billions of dollars in the United States by building new factories, warehouses, and offices. These investments increase favorably the balance of payments for the United States " is TRUE.

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6 0
2 years ago
Assume the real rate of interest is 4.00% and the inflation rate is 4.00%. What is the value today of receiving 11,134.00 in 9.0
ira [324]

Answer:

FV= $11,134

Explanation:

Giving the following information:

Future value= $11,134

Interest rate= 4%

Inflation rate= 4%

Number of periods= 9 years

<u>The inflation rate provokes the opposite effect of the interest rate. Therefore, if the interest rate and the inflation rate are equal, the value of money through time remains constant.</u>

FV= PV*(1+i)^n

FV= 11,134* (1+0.04-0.04)^9

FV= $11,134

8 0
3 years ago
When applying the characteristics of business buyer behavior, which event is not an example?
Anarel [89]

I'm on the same question right now. I wanna say C, <em>Black & Decker sells its power tools directly to consumers on the Internet.</em>

The question asks about business buyer behavior which is pretty much businesses buying and selling to eachother. Lowe's is involved with Whirlpool brand items, Kroger is involved with purchasing items from other businesses/suppliers, and Kellogg is selling their product to other grocery stores (businesses).

Black & Decker isn't involved with any other businesses.

Anyways, I'd say C :)

EDIT: it is C, 100%. Just finished

5 0
3 years ago
Read 2 more answers
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