Saving for College. You want to create a college fund for a child who is now 3 years old. The fund should grow to $60,000 in 15 years. If an investment available to you will yield 6% per year, how much must you invest in a lump sum now to realize the $60,000 when needed? (Hint: Use Appendix A.2.)

Answers

Answer 1

Answer:

present value  = $25035.90

Explanation:

given data

future value = $60,000

rate = 6% = 0.06

time period = 15 year

solution

we get here present value that is express as

present value = [tex]\frac{future \ value}{(1+rate)^{time}}[/tex]     ........................1

put here value

present value = [tex]\frac{60000}{(1+0.06)^{15}}[/tex]  

solve it and we get

present value  = $25035.90


Related Questions

The process of locating, identifying, and attracting capable applicants is called?
a. selection
b. recruitment
c. hiring
d. employment

Answers

Answer:

B. Recruitment.

Explanation:

I already learned this.

To address a rise in the unemployment rate, a government may:
A. invest in programs that help people in need.
B. reduce the amount of money in circulation.
C. raise interest rates to allow businesses to borrow less money.
D. lower interest rates to allow businesses to borrow less money.

Answers

If to address a rise in the unemployment rate, a government may: A. invest in programs that help people in need.

What is unemployment rate?

Unemployment rate can be defined as the ratio or percentage of people that are searching for Job or looking for Job.

In order to reduce the  rise in unemployment rate government can tend to  invest in programs which they know will tend to help people in need as by doing so it will help to decrease the rate of unemployment.

Unemployment is mostly calculated using this formula

Unemployment rate = Number of unemployed individuals / Total number in the labor force

Therefore we can conclude that the correct option is A.

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how many questions are on the math section of the ACT test

Answers

Answer:

isnt it usually 60?

Explanation:

i think sure 60
step-by-step

Samantha makes $250.00 a week and saves 10% of her paycheck each week. How much will she save in 12 months

Answers

Answer:

7

Explanation:

9867=7

In addition to working on construction sites, where else might a sheet metal worker typically be employed?

community college
office
farm
factory

Answers

Answer:

factory

Explanation:

Just did the test your welcome.

Which statement best compares simple and compound interest

(A) Simple interest increases each year by the same amount while compound interest remains the same each year
(B) Both simple and compound interest rates are guaranteed to stay the same each year
(C) Both simple and compound interest are calculated based on principal and earned interest but simple interest is lower
(D) Simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned

Answers

Answer:

D. Simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned

Explanation:

:)

The best comparison of simple and compound interest is simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned.

What is Interest?

Interest is the cost of borrowing money or the cost of lending money. It is most commonly expressed as an annual percentage of the loan amount.

The interest rate is calculated on the investment or loan. There are two methods for calculating interest. Simple interest (SI) and compound interest (CI) are the two methods (CI). Simple interest is the interest paid on a loan or investment. It's based on the principal amount. Simultaneously, Compound Interest is interest calculated on interest. It is based on the principal amount as well as the interest from the previous period.

Therefore, Option (d) is correct.

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am I correct? if not lmk the answer please​

Answers

A focus group is a common qualitative research technique used by companies for marketing purposes. It typically consists of a small number of participants, usually about six to 12, from within a company's target market. So yes your right

Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,

Answers

The answer would be D

what happen to andi mack

Answers

Answer:

The show ended in July 26 of 2019

Explanation:

The show's story ended a while ago.

on a timeline, a milestone 14 years in the future will be to the ____ of a milestone 8 years in the future and to the ____ of a milestone 2 years in the future. left; left, right; left, right; right, left; right

Answers

Answer:

Right; Right

Explanation:

.

7. Ethics are.........
a. Inherited.
b. Lawless.
C. Deliberate.
d. Abstract.

Answers

Answer: Either a or c for me Not 100 percent sure on this one sorry

Explanation:

Once you turn 18, if you choose one of the 4 options for accessing credit, how will you be sure you use that credit responsibly?

Answers

Answer:

What's the four options?

Everything you buy with your credit card will cost more because of the interest you pay. By paying off your entire balance each month, you demonstrate to lenders that you are a trustworthy borrower. Your credit score will suffer if you frequently make late payments or completely skip payments.

What accessing credit, use that credit responsibly?

Credit is intended to enhance our financial security. When handled wisely, credit can give us the opportunity to buy the items we need and want right away in situations when cash is not always an option.

Responsible behavior is undoubtedly greatly influenced by external factors, but it is also greatly influenced by social cognition and emotion. Examples include continuing to make payments on schedule, paying down debt, and taking care of past-due bills.

Therefore, Responsible behavior requires internal desire and direction, not only conformity with the law as a result of external supervision, rewards, and penalties.

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Unlike a limited partnership, a general partnership has which of the following?
O A. An unlimited number of partners.
B. Option to declare bankruptcy without penalty.
C. Unlimited liability for all partners.
D. Stockholders and a board of directors.

Answers

Answer:

C. Unlimited liability for all partners.

Explanation:

A general partner has unlimited liability to the debts of the business. It follows that in a general partnership business, all partners will have unlimited liability to business debts.  

A general partnership is not a separate entity from its owners. Assets and liabilities of the business will be treated as those of the partners. Should the business fail in paying its debts, the partners' personal properties may be sold to clear the debts.

One example of the role of democracy in education is

A. To prove that equality works among diverse learners
B. To provide equal pay for teachers
C. To cultivate civic responsibility in our students
D. To ensure equal success for all learners​

Answers

I’m pretty sure the answer is C. To cultivate responsibility in our students

4 differences between private and public enterprises​

Answers

Answer:

Private enterprise refers to the enterprise owned, managed and controlled by private persons.

Public enterprise refers to the enterprise owned, manage and controlled by government.

Private enterprise main motive is earning profit.

Public enterprise main motive is to render service to general public.

Private enterprise involves no rules and regulations.

Public enterprise involves lot of rules and regulations.

Private enterprise involves funds from individuals.

Public enterprise involves funds from government.

Explanation:

Given the lease terms below, what is the total price of this car if you buy it
after leasing, and you do not get the security deposit back?

Terms:
• Length of lease: 36 months
• MSRP of the car: $21,400
• Purchase value of the car after lease: $17,100
• Down payment: $1,500
• Monthly payment: $229
• Security deposit: $350
• Acquisition fee: $700

Answer choices:
A. $29,246
B. $27,894
C. $21,100
D. $24,678

Answers

Answer:

B. $27,894

Explanation:

Total price will be all the costs incurred from leasing to buying.

Purchase value of the car after lease: $17,100

Down Payment: $1500

Monthly Payment: $229 x 36 = $8,244

Security Deposit: $350

Acquisition fee: $700

Total costs = $17, 100+ $1500 +  $8,244 + $350 + $700

= $27,894

Answer: B

Explanation:

Confirmed

Chris values family and friends most. _____ is/are the most important thing to him.


Relationships

Courage

Responsibility

Achievement

i think its relationships

Answers

Relationships

Explanation:

Answer:

Relationships

Explanation:

got it right on edge 23

What will you need to find for your life when you begin working?

Money

Balance

Time

Energy

Answers

Balance - need to understand when enough is enough.

Answer:

Balance is key

Explanation:


Question :Which statement best describes displacement? Check all that apply


Answer:2 , 3 5

Answers

Answer:

2

Explanation:

thats my guess

Why research proposal often gets rejected?
Give me at least 5 reason why?

Answers

cheating sneaking trust grown enough men and women

1. Which of the following are the functions of management?:

Planning, Accounting, Data entry, Customer service

Planning, Organizing, Leading, and Controlling

Leading, Accounting, Timekeeper, Secretary

Planning, Recorder, Timekeeper, Selling

Answers

More than likely Option B

The Berlin airlift operation, nicknamed "Operation Vittles," provided food, fuel, and basic supplies for Allied forces stationed in Berlin during World War II.
True
False​

Answers

Answer:

False.

Explanation:

After the end of World War II, Germany was separated into four sectors, according to the nations controlling it. The nation was divided into four parts- Soviet, American, British, and French-controlled zones. This division was further taken in the case of Berlin, the capital city, dividing it among the four nations.

And the Soviets, in an attempt to drive the other three nations away from the capital city, blocked all forms of road access. The plan was to stop any flow of resources and necessities and it will result in France, Britain, and America abandoning their sections of Berlin.

But, taking advantage of the free airspace, the three nations began using their aircraft to drop basic supplies to the people living in their parts of Berlin. This operation was codenamed "Operation Vittles".

Thus, the correct answer is false. For, the airlift operation was to provide the basic necessities to the people, not the Allied forces station in Berlin.

A company holiday party is an example of a(n)
GER

Answers

Answer:

ispirational for your company party poll

Explanation:

You borrow $50 for 1 year at 5% interest rate. What is the interest owed?

Answers

Answer:

i think it would be 100 dollars

Explanation:

you mulitpy original by 5 which comes out to 100

Which of the following BEST represents democratic values?
a) the power to rule
b) equality among people
c) freedom to travel
d) the right to free books
can some one plss help me???​

Answers

Answer:

B

Equality among all the people

Select all that apply.

Dialect is a language that is distinctive mainly in pronunciation based on:


entertainment

geographic location

culture

social setting

Answers

Answer:

Geographic location, social setting, and culture

Explanation:

I chose those options and got it right on the quiz.

What is a business opportunity?

Answers

Answer:

a packaged business investment that allows the buyer to begin a business.

Explanation:

3. Who was the first customer of mcdonald's and what was ordered?

Answers

Answer:

The main McDonald's eatery was begun in 1948 by siblings Maurice ("Mac") and Richard McDonald in San Bernardino, California. They purchased machines for their little cheeseburger eatery from sales rep Ray Kroc, who was fascinated by their requirement for eight malt and shake blenders.

Explanation:

Perform an online or offline search, and choose a technology firm near your location. You must then call and speak to someone from the firm's Human Resources department (preferably the HR manager) and conduct a brief (15- to 20-minute) interview with them. During the interview, you need to ask questions about the company's core functions, the different types of jobs available in the company, a list of qualities that the company expects from its employees, and so on. In other words, your questions should cover the points that the HR department would include in the company's Code of Conduct Manual. You should keep a record of all the answers and write a summary of what you have learned. Alternatively, if you do not find a technology firm near your location, or if the HR manager is unwilling to have a sit-down interview, you could find a company online and correspond with the manager through email with the help of a questionnaire.

Answers

Answer:

I have selected Samsung electronics which is located in my area. I have visited the company and conducted a meeting with HR manager.

Explanation:

The company has launched trainee program for the graduates. HR manager has provided details about the program which includes training of freshers and on job support. They can study and do the job together so that they learn how to work in an office environment. Graduates can assist manager of multiple department at a time which gives them exposure of different department tasks. The main qualities which are required by the company in a candidate are multitasking skills, problem solving ability and ability to meet deadlines. For interview there is a short game in which IQ level of candidates is tested and those who clear the levels of the game are then promoted for a panel interview.

started business with cash Rs 100000 and furniture Rs 50000​

Answers

Answer:

See below

Explanation:

Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.

The journal entry will be as below,

Cash  A/c       Dr.  Rs 100,000

Furniture A/c   Dr.  Rs  50,000

Capital      A/c Cr.        Rs 150,000

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