Sarah needs to accumulate $79,435 for your son's education. She has decided to place equal beginning-of-the-year deposits in a savings account for the next 18 years. The savings account pays 8.89 percent per year, compounded annually. How much will each annual payment be?
Round the answer to two decimal places.
Answers
To accumulate $79,435 for her son's education over the next 18 years, Sarah needs to make equal beginning-of-the-year deposits in a savings account.
The savings account pays an annual interest rate of 8.89 percent, compounded annually. The annual payment required can be calculated by dividing the future value ($79,435) by the present value factor of an ordinary annuity.
To calculate the annual payment, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment * [(1 + Interest Rate)^Number of Periods - 1] / Interest Rate
Rearranging the formula, we can solve for the payment:
Payment = Future Value * (Interest Rate / [(1 + Interest Rate)^Number of Periods - 1])
Plugging in the given values:
Future Value = $79,435
Interest Rate = 8.89% = 0.0889
Number of Periods = 18
Payment = $79,435 * (0.0889 / [(1 + 0.0889)^18 - 1])
Evaluating this expression, the annual payment required to accumulate $79,435 over 18 years with an 8.89% interest rate is the result.
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Related Questions
Regina, Brock, and Sean are website designers who have been tasked to create a new website together.
This is an example of:
alliance
collaboration
punctuality
relationship
Answers
Answer:
B: Collaboration
Explanation:
I took the test
Answer:
B: Collaboration
Explanation:
I took the test
roughly how many americans access news from their smartphone or mobile device? a. 80 percent b. 50 percent c. 25 percent d. 92 percent
Answers
Total of 80 percent of Americans access news from their smartphone or mobile device.(A)
To explain, smartphones and mobile devices have become the primary sources for news consumption in recent years. According to the Pew Research Center, about 80 percent of Americans use their mobile devices to access news.
This percentage has steadily increased over time as the adoption of smartphones and tablets has become more widespread. The convenience of having news at their fingertips, along with the rise of social media platforms as news sources, has contributed to this shift in news consumption habits.
Moreover, the decline in traditional print newspapers and the increasing number of digital news outlets have made it even more convenient for people to stay informed through their mobile devices.(A)
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which type of Investment has a high potential return, but doesn’t promise a specific amount?
Answers
Answer: Debt investments I think
Explanation: I can’t comment (idk why)soo sry I tried tho, wish u luck
Determine whether each good is a normal good or an inferior good for the average consumer. a. For most consumers, the newest iPhone is an inferior good. b. For most consumers, a 10-year-old used car is a normal good. c. For most consumers, dental services are a normal good.
Which of the following questions would be studied in the area of microeconomics? - What portion of total spending comes from households? - Will an increase in government spending cause inflation? - What determines the number of hours an individual works? - Does hosting the Olympics decrease the unemployment rate?
- Do interest rates affect net exports?
Answers
1.a. For most consumers, the newest iPhone is a normal good. b. For most consumers, a 10-year-old used car is an inferior good. c. For most consumers, dental services are a normal good.
2. The question that would be studied in the area of microeconomics us what determines the number of hours an individual works?. Therefore, the correct option is C.
1. Whether each product is normal or inferior goods are as follows:
a. For most consumers, the newest iPhone is a normal good. Normal goods are the products whose demand increases when there is an increase in consumers' income. So, the newest iPhone is a normal good because people buy more of it as they earn more money.
b. For most consumers, a 10-year-old used car is an inferior good. Inferior goods are those products whose demand decreases when there is an increase in income. So, a 10-year-old used car is an inferior good as people stop buying them as their income increases.
c. For most consumers, dental services are a normal good. Dental services are the products whose demand increases when there is an increase in income. So, dental services are a normal good because people buy more of it as they earn more money.
2. What determines the number of hours an individual works? is a question that would be studied in the area of microeconomics. Microeconomics is the study of individual decision making in a market economy. It analyses how people make choices, how they interact with one another, and how the government tries to influence their decisions. The question, what determines the number of hours an individual works? would be studied in the area of microeconomics. Hence, the correct answer is option C.
Note: The question is incomplete. The complete question probably is: 1. Determine whether each good is a normal good or an inferior good for the average consumer. a. For most consumers, the newest iPhone is an _____ good. b. For most consumers, a 10-year-old used car is a _____ good. c. For most consumers, dental services are a ____ good. 2. Which of the following questions would be studied in the area of microeconomics? a. What portion of total spending comes from households? b. Will an increase in government spending cause inflation? c. What determines the number of hours an individual works? d. Does hosting the Olympics decrease the unemployment rate? e. Do interest rates affect net exports?
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"Financial, business process, customer, and learning and growth are organizational dimensions of _____.
Choices:
A. a balanced scorecard
B. business performance management
C. business process management"
Answers
Financial, business process, customer, and learning and growth are organizational dimensions of a balanced scorecard. The balanced scorecard is a strategic management tool that helps organizations to align their vision and strategy with their actions and outcomes. The correct option is A.
It includes these four dimensions, which are interrelated and complementary and enable organizations to measure and monitor their performance from multiple perspectives. The balanced scorecard is a key component of business performance management, which involves setting goals, measuring progress, and taking action to improve performance. Business process management, on the other hand, is focused on improving the efficiency and effectiveness of organizational processes.
Business performance management (BPM) and business process management (BPM) are related concepts but are not the same as a balanced scorecard. BPM refers to a set of management processes and tools used to manage and optimize an organization's performance, while BPM is a systematic approach to designing, executing, and improving business processes.
The correct option is A.
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An auditor should perform alternative procedures to substantiate the existence of accounts receivable when?
Answers
An auditor should perform alternative procedures to substantiate the existence of accounts receivable when no reply to a positive confirmation request is received.
What procedure you would perform to test the existence of receivables?
The primary test that can be performed is to obtain the aged trial balance of receivables and trace the total balance to the general ledger. This provides the auditor comfort that all outstanding receivables are included in the financial statements.
How to Audit Accounts Receivable
Trace receivable report to general ledger.Calculate the receivable report total.Investigate reconciling items. Test invoices listed in receivable report. Match invoices to shipping log. Confirm accounts receivable. Review cash receipts.Assess the allowance for doubtful accounts.When Should auditors not perform alternative procedures?
Auditors must maintain control of confirmations until they are returned from the customer. When a customer does not return an accounts receivable confirmation, it is acceptable, without performing alternative procedures, to assume the amount is 100% overstated when generalizing from the sample to the population.Learn more about Audit Accounts Receivable
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Witch method of commuting is most likely to reduce your need to go to the gym or get a treadmill
Answers
Answer:
Walking or using of bicycle
Explanation:
Use of legs are needed in both method of commuting. Leg muscles will be worked up and it also produces sweat that is equivalent to gym exercise
At a local grocery store, travis, the produce department manager, has eight direct reports in his department, while rayah, the meat department manager, oversees 12 employees. which of these statements about span of control is accurate?.
Answers
Rayan had more span of control than Travis.
What is span of control?It helps to describe the channel of command in an organization.
It can also help to know how many individual works directly under a superior or head.
The number of people that are managed by a superior will determine his or her span of control.
Therefore, Rayan had more span of control than Travis
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HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
About which activity or aspect of the distribution function does David need more guidance?
David works as a warehouse employee for a business that manufactures kitchenware. The utensils and other items that the business manufactures are extremely delicate. Recently, David dropped some expensive glassware when he was loading the items in a truck. David’s manager has decided to provide him better guidance about an important aspect of distribution, which is BLANK.
Answers
Answer: I think it’s marketing
Explanation:
1- Tamara works for a recruiting agency. Her primary focus is to recruit applicants who have held upper management and chief executive officer positions. What type of recruiter is Tamara?a. internal recruiterb. headhunterc. promoterd. management agent
Answers
Tamara is a headhunter type of recruiter. Option b is answer.
A headhunter, also known as an executive recruiter, is a type of recruiter who specializes in filling upper-level management and executive positions. Headhunters work for recruiting agencies and are often hired by companies to find qualified candidates for high-level positions. Their primary focus is to seek out individuals who meet the specific requirements and qualifications needed for the job.
They often use a variety of methods to identify and approach potential candidates, including networking, online job boards, and social media. Unlike internal recruiters, who work exclusively for one company, headhunters work on behalf of multiple clients and have a broader network of potential candidates to draw from.
Option b is answer.
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5. You purchase your daily
coffee at the chemist’s coffeehouse and have a choice of two cups
with different specific heat capacity. Which cup will you choose,
the cup with a low specific or the cu
Answers
You would choose the cup with a low specific heat capacity.
Specific heat capacity refers to the amount of heat energy required to raise the temperature of a substance by a certain amount. In the context of coffee cups, a cup with a low specific heat capacity means that it heats up or cools down quickly in response to changes in temperature.
When you purchase your daily coffee, you likely want to enjoy it at an optimal temperature for a longer period. By choosing a cup with a low specific heat capacity, it will absorb less heat from the coffee, allowing it to stay hot for a longer time. The cup will also cool down faster when exposed to the surrounding environment, preventing your coffee from becoming lukewarm too quickly.
On the other hand, a cup with a high specific heat capacity would absorb more heat from the coffee, causing it to cool down rapidly. This would result in your coffee becoming cold faster, making it less enjoyable to drink.
Therefore, opting for a cup with a low specific heat capacity would be more advantageous as it helps maintain the desired temperature of your coffee for a longer duration.
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Which of the following is an example of promotion?
A The quality of a product
B. The price of a product
C. An advertisement
D. An employee who works for your company
Answers
Answer:
A. An advertisement
Explanation:
Answer:
it is c
Explanation:
on edg 2021
in the hvacr trade tubing is joined together by what?
Answers
Answer:
Copper tubing is joined using flare connection, compression connection, pressed connection, or solder. Copper offers a high level of corrosion resistance but is becoming very costly.
In which market would a producer sell bicycles to consumers?
Answers
In the markets for goods and services, a producer would sell his bike for purchase by customers.
What is the market for goods and services?Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.
The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.
The rule of supply and demand governs how much is produced and at what price in the market for products and services.
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To arrive at an economic decision, a decision-making grid may be used to evaluate.
Answers
A decision-making grid may be used to evaluate ALTERNATIVES to arrive at an economic decision.
This kind of decision-making grid can assess alternative choices of action. A decision-making grid is essentially a viable technique for identifying, gathering, and then evaluating alternatives when a need for a decision arises.
This is a crucial step in the economists' decision-making process. Economic research is vital since it helps us become better decision-makers.
Actually, making your own decision-making grid can help you, too, solve your problems! Look at the attached image for an example of making a decision while looking at it.
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True or false: Operating activities are the primary sources of revenue and expenses involved in running a business.
Answers
It is true that operating activities are the primary sources of revenue and expenses.
What is operating activities?Operating activities are the primary source of revenues and expenses of a business which ultimately determine whether a company make profit or incurs loss. The amounts a business charges its customers when it provides goods or service is referred to operating activities.
Operating activities involve those activities a business engages for the purpose of making profit.
Operating activities includes:
Investing activitiesFinancing activitiesHence, operating activities are truly the primary sources of revenue and expenses.
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In addition to Porter's Five Forces, another force added in the text is:_______
Answers
In addition to Porter's Five Forces, another force that is often mentioned in strategic management texts is the "Sixth Force" or the "Sixth Competitive Force."
This force is known as "Complementors" or "Complementary Products and Services." While Porter's Five Forces framework primarily focuses on competitive factors within an industry, the Sixth Force recognizes the influence of complementary products or services that can affect a company's competitive position.Complementors are entities that provide products or services that enhance the value of another company's offerings. They may not be direct competitors, but their presence can significantly impact a company's competitiveness and market position. For example, the availability of apps for a smartphone platform
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Which is not a feature of online banking?
Bill paying
Help from customer service
Locating nearby financial institutions and ATMs
Ordering food for delivery
Answers
Answer: Ordering food for delivery
In the early days of virtual reality systems, what type of training applicaiton, developed by the bell helicopter company, used displays connected to a camera to give a satisfactory sense of reality, and ultimately led to the dist head-mounted display?.
Answers
During the early days of virtual reality systems, the training application developed by bell helicopter company was the VR technology.
A simulated experience, or virtual reality (VR), might resemble or be entirely unrelated to the real world. Virtual reality has several uses, including entertainment, particularly video games, education, such training for the military or in the medical field, and business, like virtual meetings. Aside from virtual reality, other different forms of technology comprise enhanced reality and mixed reality, also known as extended reality or XR, however definitions are still evolving as the field develops. Present-day virtual reality systems provide lifelike visuals, sounds, and other sensations that mimic a user's actual presence in a virtual environment using either virtual reality headsets or multi-projected environments
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Question 3 of 10
Which of the following is a career you would find in the Finance Career
Cluster?
A. Equine manager
B. Geologist
C. Tax examiner
D. Ecologist
SUBMIT
Answers
Answer:
C. Tax examiner
A skill is a learned or practiced ability to perform an activity well.
True
False
Answers
Answer:
true
Explanation:
The Department of Labor’s Occupational Outlook Handbook is relatively expensive and not available for use by the general public.
True
False
Answers
Answer: false
Explanation: just got it right
The relationship between unployment and the multiplier
Answers
Unemployment is inversely related to the multiplier, meaning that an increase in unemployment will result in a decrease in the multiplier. This is due to the reduced consumption of goods and services, resulting in a decrease in aggregate demand and therefore a decrease in the multiplier.
How is the economic impact of unemployment measured?
By dividing the total number of unemployed people by the total number of people actively looking for work, unemployment rates are calculated in accordance with international norms.
What elements support it?
Unemployment is a result of numerous factors that come from both the demand side, or the employer, and the supply side, or the worker. Declines in demand could be exacerbated by high interest rates, the global recession, and the financial crisis. Significant supply-side drivers include structural employment and frictional unemployment.
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a check written by the company for $167 is incorrectly recorded by a company as $176. on the bank reconciliation, the $9 error should be
Answers
A check written by a company for $167 is incorrectly recorded by the company as $176. The $9 error on the bank reconciliation should be corrected as follows: First, you need to identify the cause of the error and the person responsible for it. If the error was made by the company, you need to adjust the company's books.
We will need to record an adjusting entry to correct the error. The adjusting entry to correct the error is to debit Cash for $167 and credit Accounts Payable for $167. This will correct the error in the company's books and reduce the balance in the Accounts Payable account by $167. This entry will also increase the Cash account by $167, which will correct the error on the bank reconciliation.
The adjusting entry should be recorded in the company's general ledger and in the bank reconciliation. The $9 error on the bank reconciliation should be corrected by recording an adjusting entry to debit Cash for $167 and credit Accounts Payable for $167. This entry will correct the error in the company's books and on the bank reconciliation.
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Management career skills include managing _____. time personnel finances all of the above
Answers
Technical Skills. ...
Conceptual Skills. ...
Human or Interpersonal Skills. ...
Planning. ...
Communication. ...
Decision-making. ...
Delegation. ...
Problem-solving.
fiscal policy refers to the idea that aggregate demand is affected by changes in
Answers
Fiscal policy refers to the idea that aggregate demand is affected by changes in Government spending and taxes.
What is fiscal policy?Fiscal Policy refers to government policy of using tax and spending to meet economic goals.
Here, a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
Hence, Fiscal policy refers to the idea that aggregate demand is affected by changes in Government spending and taxes.
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. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application.
Answers
Answer:
Easy & difficult part of online job application, things mentioned.
Explanation:
Part of online job application easiest to complete - Time & Place Flexibility, Less scope of inaccuracies
Difficult section - Lack of physical interaction with the organisation can make someone lack crucial information regarding organisation's favourable & unfavourable criterias, preferences.
Work experience, special skills included in application (consecutively) - Internships with prestigous organisations, Public communication & leadership skills (consecutively)
Select all the correct answers.
drew, a nurse, has to interview a patient. which two gestures are most likely to indicate that she is actively listening to the patient?
crossing her arms
slightly leaning forward
smiling constantly
nodding occasionally
tapping her fingers
reset
next
Answers
Answer:
Slightly leaning forward and nodding occasionally.
Explanation:
These two gestures show that she is actively listening. Leaning forward slightly helps her hear the patient better and nodding occasionally shows that she understands what the patient is saying. Hope it helps :)
1. Juan i enrolled in marketing education coure and i 17 year old. Juan ha been hired by an electrical contractor. Juan i hoping to ue thi job a a cooperative work ite placement. You are told that Juan’ job i to pull electrical component out of inventory and drive them to the job ite
Answers
Juan is a 17-year-old enrolled in marketing education courses who has been hired by an electrical contractor as an inventory component puller and delivery driver for job sites.
Juan's job as an inventory component puller and delivery driver for an electrical contractor involves taking electrical components out of the company's inventory and driving them to job sites. This job is a cooperative work site placement for Juan, who is pursuing a marketing education and is hoping to use this experience to further his career.
The job requires Juan to be responsible for ensuring that the components are properly pulled and loaded onto the vehicle, and that they are delivered to the job site in a timely and efficient manner. This position will give Juan valuable hands-on experience in the electrical contractor industry, as well as the opportunity to apply the marketing education he is currently studying.
This question should be written as:
Juan is enrolled in marketing education courses and is 17 years old. Juan has been hired by an electrical contractor. Juan is hoping to use this job as a cooperative work site placement. You are told that Juan’s job is to pull electrical components out of inventory and drive them to the job site.Learn more about marketing here: brainly.com/question/25640993
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match each hypothetical country’s aging structure to its most likely economic situation.
Answers
It should be noted that the aging structure data is important as it allows the rate of growth to be associated with the population in a country.
Your information is incomplete. Therefore, an overview of the topic will be given. There are typically three age structures which are:
The children who are under 15 years old.The working-age who are between 15 - 64 years.The elderly ones who are 65 years and older.It should be noted that an aging population lower the labor-force participation and slows down economic development in the country.
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