Jill has always wanted to travel to China and plans to take a trip there in five years; she estimates that she will need $3,000 to pay for the trip and plans to make annual deposits to a savings account to reach her goal for pay for the trip. If her account earns 2% interest, how much should she deposit each year to reach her goal

Answers

Answer 1

The amount she should deposit each year to reach her goal is $576.48.

Here, we are going to calculate the amount that Jili needs to deposit per year to reach her goal.

The formula to use to derive the amount to be deposited per year is [Future value / Future value Annuity}

Given Information

Future value = $3,000

N = 5 years

Interest = 2%

Future value annuity = [((1 + 0.02)^5 - 1 ) / 0.02}

Future value annuity = 0.1040808032 / 0.02

Future value annuity = 5.20404

Amount to be deposited per year = $3,000 / 5.20404

Amount to be deposited per year = $576.4752

Amount to be deposited per year = $576.48.

Therefore, the amount she should deposit each year to reach her goal is $576.48.

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Related Questions

Ways to respond to discussion post?

Answers

Answer: Varies

Explanation: Depends on what's being asked.

Your firm wants to convert $1.4 million Australian into US dollars in purchase in 12 months. The spot rate is $0.9704 equals $1 Australian. The inflation rates in Australia and the United States are expected to be 6 percent and 2 percent, respectively. Using the concept of purchasing power parity (PPP) as its relates to future exchange rates, determine the difference in costs between completing the transaction now and doing it in 12 months. A. $36,821 B. $54,320 C. $42.568 D. $60,242

Answers

The difference in costs between completing the transaction now and doing it in 12 months is $51,268.

Given Information

Australian dollars = $1,400,000    

Spot rate = 0.9704 USD per Australian Dollar  

Inflation in US - 2%

Inflation in Australia = 6%  

PPP expected rate = Spot rate * (1+inflation in US)/(1+inflation in Australia)

PPP expected rate = 0.9704 * (1+2%)/(1+6%)

PPP expected rate = 0.933781132

US amount with Spot rate = $1,400,000*0.9704

US amount with Spot rate = $1,358,560

US amount with forward rate = $1,400,000*0.93378

US amount with forward rate = 1,307,292

Differential US amount = US amount with Spot rate - US amount with forward rate

Differential US amount = $51,268

Therefore, the difference in costs between completing the transaction now and doing it in 12 months is $51,268.

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The forming stage of team development is characterized by:

a. the establishment of order and cohesion.
b. problem solving.
c. conflict.
d. cooperation.
e. orientation.

Answers

d.cooperation im already finish with this

The forming stage of team development is characterized by orientation.

Forming stage signifies the first stage that provides organization and induction of team members. Thus, the major task of defining goals, purpose, roles, and duties of the team is discussed as part of the formal details of the project.

Thus, the team members experience higher uncertainty as members meet in person for the first time where the manager provides an introduction of each member along with their details in terms of skills and other background information.

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Which 3 of these areas does the Client Needs Assessment tool focus on to help gather the information needed to select the right QuickBooks Online subscription for a client

Answers

In order to choose the best QuickBooks Online subscription for a customer, it's critical to use the customer Needs Assessment tool to help gather information.

Features and solutions, client profiles, and needs assessment are the three main areas on which the tool concentrates. The features and solutions category focuses on the particular features and solutions that the client requires to efficiently manage their business.

The client profile section focuses on the client's industry, size, and type of business. The needs assessment section, which comes last, concentrates on the client's particular requirements, such as payroll, inventory management, and invoicing.

The customer Needs Assessment tool helps make sure the customer is matched with the proper QuickBooks Online subscription to fulfill their specific needs by obtaining information in these three categories.

Therefore, Features and solutions, Client profiles, and Needs assessment are the areas.

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Giả sử người têu dùng có 1 khoảng thu nhập 100 đồng để mua kẹo (K) và bánh (B),biết giá kẹo là 10,giá bánh là 20.

TU=2KB, vẽ đường đẳng ích có mức hữu dụng là 10 và 20

Answers

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what color is yellow

Answers

Answer:

Yellow is the color between orange and green on the spectrum of visible light. It is evoked by light with a dominant wavelength of roughly 575–585 nm. It is a primary color in subtractive color systems, used in painting or color printing.

Explanation:

Yellow is a important color . Give Brainliest

Answer:

yellow symbolizes happiness, warmth and sunshine

Explanation:

Yellow is the color between orange and green on the spectrum of visible light. It is evoked by light with a dominant wavelength of roughly 575–585 nm. It is a primary color in subtractive color systems, used in painting or color printing.

What is the real difference between riding English or riding Western?

Answers

Answer:

What’s the difference between Western and English riding?

What’s the difference between Western and English riding? At first glance, the most obvious difference between Western and English riding is the tack, and in particular the saddle, a Western saddle is much bigger and heavier than an English saddle.

Suppose that a restaurant uses a focus group of regular customers to determine how many customers would buy a proposed new menu item at various prices. Can this information be used to estimate an inverse demand function? A demand function? Explain briefly. Would it be possible to use a focus group to generate data that could be used to estimate a demand function that includes both price and income as explanatory variables?

Answers

The information can be used to estimate an inverse demand function and a demand function as E. the demand curve, and the inverse demand curve can be calculated from it.

A demand function with price and income as explanatory variables can be generated from the focus group by capturing buying pattern data at different prices and levels of income.

It should be noted that a demand function simply shows the relationship that exists between the quantity demanded and price. Based on the question, using a demand function can be computed easily since quantity is a function of price.

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In ______ sales, the salesperson does not have to do much prospecting or qualifying.

Answer: business-to-consumer (B2C)

Answers

In business-to-consumer sales, the salesperson does not have to do much prospecting or qualifying.

Business-to-consumer sale is a form of sales that occurs between a business and its customers. There is no middle person involved in this form of sales.

Thus, the consumer does not have to do anything much to be sold a product.

An example of business-to-consumer sales is online retailers who sell products to consumers online.

The consumers do not have to do much prospecting or qualifying.

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PLEASE HELP!!!
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)

Answers

Answer:

1. Elon Musk

He is vey good at money management. Elon can take almost any idea and make it better, meanwhile turning it into reality.

2. Gary Vee

He is a determind entrepreneur and knows what he is talking about. I would trust his judgement on my ideas and thoughts.

3. Jeff Bezos

He is a very powerful and famous buisness man. if he were to approve of my idea he would make it public, and possibly viral just by saying my companies name.

People are constantly interviewing people giving my buisness publicuty.

Which of the following types of machine guard is generally preferred because of its simplicity and durability?

a) Interlocked
b) Fixed
c) Self-adjusting
d) Adjustable

Answers

Answer:

b) Fixed

Explanation:

Fixed guards are permanent parts of a machine. These guards are preferable because they're simple and permanent. Interlocked guards automatically shut off or disengage power through a tripping mechanism when it is opened or removed.

Which best describes how the FOMC conducts monetary policy to increase employment during a recession to achieve its maximum employment objective

Answers

The statement that best describes how the FOMC conducts monetary policy to increase employment during a recession to achieve its maximum employment objective is that "It decreases the target rate range for the federal funds rate."

This is because by decreasing the target rate range for the federal funds rate, the Federal Reserves would reduce, thereby pumping more money into the economy.

FOMC is an acronym for Federal Open Market Committee, and its central role or function is to manage the money supply.

Therefore, knowing that the recession period is characterized by low economic activities, high unemployment rate, etc., to increase the money supply in the economy, the FOMC would need to decrease the target rate range for the federal funds rate.

Hence, in this case, it is concluded that the correct answer is "It decreases the target rate range for the federal funds rate."

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Ana Tocco says that “...one of the biggest things as a personal trainer is that you really have to have that connection and create a friendship...We get to that point after a while when they feel comfortable with you and they trust you and then we go from there.” Ana focuses on individuals, knowing that each of her clients has a different personality and different needs. She is paying attention to:

Different diversity paradigms
Organizational plurality
Surface level diversity
Deep level diversity

Answers

The fact that Ana focuses on individuals, knowing that each of her clients has a different personality and different needs simply mean that she's using A. Different diversity paradigm.

Different diversity paradigm simply means valuing individual differences and thereby celebrating diversity. It encompasses practices like gender targets and the creation of group networks.

Different diversity paradigm is a form of fairness paradigm where everyone is taken into consideration. Therefore, since Ana focuses on individuals, knowing that each of her clients has a different personality and different needs, this means that she's using different diversity paradigms.

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Assuming Brokerage fees of $6000, calculate the amount of cash needed to retire Baldwin's 12.4S2028 bond early. Select : 1 Submit Answer $5,827,834 $5,494,654 $5,488,654

Answers

Based on the brokerage fees and the market value, the amount needed to retire the bond early is $5,499,668

The details are incomplete but in order to find the amount needed to retire the bond, the formula is:

= Brokerage fees + (Face value x Closing price/ 100)

Assuming a Face value of $5,675,277 and a closing price of $96.80, the amount needed would be:

= 6,000 + (5,675,277  x 96.80 / 100)

= $5,499,668.136

= $5,499,668

In conclusion, it would cost $5,499,668.

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provide an example of a market based policy explain why economistsgenerally prefer market based policy

Answers

One example of a market based policy which explains why economists generally prefer market based policy is:

They give great flexibility so that new products can adopt them and reduce the problems in the environment

According to the given question, we are asked to provide an example of a market based policy which explains why economists generally prefer market based policy.

As a result of this, we can see that a market based solution is one where a new idea is used to protect the environment in a cost effective and affordable way.

With this in mind, these helps to make the environment better at an affordable cost

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When filing a consumer complaint, your last resort to receive compensation
should be
O
O
A. posting a review on social media.
B. complaining directly to the company.
O
C. complaining to a consumer protection agency.
d
D. filing a lawsuit against the company.

Answers

Filling a lawsuit should be the last resort, you should try to work things out prior to making the legal expenses of litigation/mediation

Filing a consumer complaint, last resort to receive compensation should be filing a lawsuit against the company. Thus, option (d) is correct.

What is compensation?

The term “compensation” means payment to be received in exchange for services. The compensation received and earned by employees In the workplace, wages, and salaries are adjusted to include commission and rewards for exceptional job performance, such as stock, profit sharing, and bonuses.

A legal action being taken against the corporation. Small claims and class actions are your two greatest possibilities. Act within the deadlines for bringing a case if you decide to sue. Ask for legal counsel and weigh the advantages and disadvantages.

Therefore, option (d) is correct.

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Increased water-related costs will directly impact material processing companies, but these costs ______ impact upstream businesses and consumers.

Answers

“Will Also” because if they raise the price we will need to pay more for a bottled case of water and that is essential.

"Increased water-related costs will directly impact material processing companies, but these costs also impact upstream businesses and consumers."

What does the upstream business mean?

The suppliers of the company and the procedures for maintaining relationships with them are included in the upstream segment of the supply chain.

The actions associated with the organization's suppliers—those parties who find raw materials to send to the manufacturer—are all part of the upstream supply chain.

The term "downstream supply chain" describes actions taken after product manufacture, namely the act of transferring the goods to the buyer.

For example Points in the production process that start off early in the processes are referred to as upstream.

In the oil and gas supply chain, upstream, also known as exploration and production (E&P), is located the farthest away from the end-user consumer.

Therefore, the correct fill-in will be "also", and the meaning of upstream in the business and companies are explained above, kindly follow them.

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A graphic designer needs a laptop for​ audio/video editing, and notices that they can elect to pay for a Dell XPS​ laptop, or lease from the manufacturer for monthly payments of each for four years. The designer can borrow at an interest rate of ​% APR compounded monthly. What is the cost of leasing the laptop over buying it​ outright?

Answers

Based on the information given, the cost of leasing the laptop over buying it​ outright will be $399.06.

The following can be gotten from the complete information:

Monthly payment required for lease= 79

Time in months = 4 years = 4 ˣ 12 = 48

Interest rate =7% = 0.07

The Monthly interest rate (i) will be:

= 0.07/12= 0.00583

Then, the present value of the lease will be calculated. This will be:

= [79 × (1-(1/(1+0.00583⁴⁸)] / 0.00583

= 3299.06

Therefore, the cost of leasing over buying will be:

= present value of lease - cost of buying

= 3299.06 - 2900

= $399.06

Therefore, the correct option is $399.06.

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As financial controller at a manufacturing company, you have been advised by a colleague that the sales director is unlawfully declaring fuel benefits as the tax value is high. This has been creating higher profit margins and if declared those margins will go down. There is potential that this could push the company into insolvency, which would result in job losses for 300 employees. You have made the other directors aware of the situation but they have expressed a wish not to disclose the misleading tax bill. You are aware that by declaring this information to the tax authorities, as required by law, that the organization may have to declare insolvency and those 300 employees could lose their jobs. What would you do?​

Answers

Answer:

so many words i cant understand the of it

As the financial controller facing this ethical and legal dilemma, here's a course of action you could consider below:

What would you do?

Seek advice from legal professionals to fully understand the legal implications of not reporting the accurate tax information. This will help you make informed decisions based on the law and potential consequences.

Keep thorough records of your interactions, discussions, and decisions related to this matter. Documentation will be crucial if any legal or ethical issues arise later.

Engage in open and honest discussions with the other directors, emphasizing the potential legal and ethical ramifications of not reporting accurate tax information. Stress the importance of transparency and compliance with the law.

Explore alternative ways to address the issue without causing potential insolvency. This could include discussing options with tax authorities, seeking professional advice on managing tax liabilities, or making changes to the company's financial strategy.

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Which of the following is true of the product price?

1. Is a component of product
2.Is a perception of value
3. Signals branding & positioning
4. All of the above​

Answers

I would say the answer is d, all of the above.
i think its all of the above!!

Melissa recently paid $400 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $250 fee to register for the conference, $300 per night for three nights' lodging, $200 for meals in restaurants, and $150 for cab fare. (Do not round internediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.)a. What amount of these costs can Melissa deduct as business expenses

Answers

The amount of these costs that Melissa can deduct as business expenses is $1,800.

 

Air fare $400

Registration of conference $250

Lodging $900

($300×3 nights)

Meals (allowable up to 50%) $100

($200×50%)

Cab fare $150

Total Deductible  $1,800

($400+$250+$900+$100+$150)

Inconclusion the amount of these costs that Melissa can deduct as business expenses is $1,800.

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In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because:
A) more than one marketing expert is needed to create successful promotions
B) it costs less to set up several smaller campaigns than one that can be used for all markets
C)there is no need to test the message before starting the campaign
D)each country or region has its own culture

Answer: D) each country or region has its own culture

Answers

In some cases, promotions tailored to specific countries or regions may be more successful than a general campaign because each country or region has its own culture.

When a company decides to internationalize its business, it is necessary to develop a marketing campaign that helps in the acceptance of the products and services offered by the organization in the local market.

It is therefore necessary to adapt some characteristics and promotions for the local market, as the culture of each country or region is capable of influencing the needs, preferences and desires of the local consumer.

An organization that develops a marketing campaign aligned with its operating location has greater chances of being positioned in the market, creating value and satisfaction about its products and services.

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A Birmingham, Alabama, foundries produces cast-iron ingots according to a 3-month capacity plan. The cost of labor averages $100 per regular shift hour and $140 per overtime (O.T.) hour. Inventory carrying cost is thought to be $4 per labor-hour of inventory carried. There are 50 direct labor-hours of inventory left over from March. For the next 3 months demand and capacity (in labor-hours) are as Month Regular labor (hours) O.T. Labor (hours) Demand APR 2880 355 3000 MAY 2780 315 2750 JUN 2760 305 2950 Develop an aggregate plan for the 3-month period using the transportation method. a. What is the overall cost of this plan

Answers

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A portfolio has an expected return of 13.8%, a beta of 1.14, and a standard deviation of 12.7%. The U.S. Treasury bill rate is 3.2%. What is the Treynor ratio

Answers

Answer:

hope this helps

A portfolio has an expected return of 13.8 percent, a beta of 1.14, and a standard deviation of 12.7 percent. The U.S. Treasury bill rate is 3.2 percent. What is the Treynor ratio?

A. .093

B. .138

C. .146

D. .835

E. .951

your answer A. .093

Explanation:

Much to the chagrin of established firms, one clear supertrend is that products and services must get to market faster because Multiple Choice it takes lots of resources to survive disruptive innovation. more competitors are offering targeted products. globalization is transforming whole industries. knowledge is the new competitive advantage.

Answers

The clear supertrend is that its products and services must get to market faster because more competitors are offering targeted products.

Firms who offers a wide scope of items or administrations are presently encountering serious tension from contenders offering specific arrangements in the industry.

Hence, to the annoyance of the established firms, the clear supertrend is that its products and services must get to market faster because more competitors are offering targeted products.

Therefore, the Option A is correct.

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The estimate of the population proportion is to be within plus or minus 0.10, with a 99 percent level of confidence. The best estimate of the population proportion is 0.45. How large a sample is required?

Answers

Answer:

Answer:

Explanation:

Garcia Corporation purchased a truck by issuing an $80,000, 4-year, zero-interest-bearing note to Equinox Inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal entry to record the purchase of this truck. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275. Credit account titl

Answers

Based on the information given the appropriate journal entry to record the transactions is:

Garcia Corporation  Journal entry

Debit  Truck $54,641

Debit Discount on notes payable  $25,359

Credit Notes payable $80,000

(To record the purchase of truck)

Truck =Purchase price×1/(1+Interest rate)^Number of years

Truck=$80,000×1/(1+.10)^4

Truck=$80,000×1/(1.10)^$

Truck=$80,000×0.683013

Truck=$54,641

Discount on notes payable = Notes payable - Truck

Discount on notes payable =$80,000 - $54,641  

Discount on notes payable = $25,359

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Midwest Life Insurance sells a life insurance policy to Thiago. Under the terms of the contract between Thiago and Midwest Life, Thiago will pay $75 per month for the policy, and, upon Thiago’s death, Midwest Life will pay $100,000 to Laurelei. Four years later, Thiago dies, and Midwest refuses to pay under the terms of the policy. The party entitled to sue Midwest for its failure to honor the terms of the contract is:

Answers

The party which is entitled to sue Midwest for its failure to honor the terms of the contract is Laurelei because she is the contract beneficiary.

Basically, the life assurance policy is a policy which promises to pay the beneficiary of the life assured a certain sum after the death of the life assured.

Here, the contract of assurance is valid because Thiago ensures continuous payment of his premium.

Thus, Laurelei who is a beneficiary to Thiago life assurance is entitled to the sum assured because she is included in the contract terms as a beneficiary since the inception of the contract.

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Your shift's productivity is slow because one person isn't doing his share.
The rest of the team is getting upset.
What would you be most and least likely to do?

Answers

Answer:

help the person out,and not yell at them.

Explanation:

If one person sinks then the whole team sinks. Team work makes the dream work :o

The most and least likely action to resolve the given situation would be as follows:

To know the cause of that individual's inefficiency because it is distressing the other team members as well. As the leader, it is crucial to keep the team motivated and resolve any of the problems or challenges they are facing throughout the process. This will help in resuming the work and productivity effectively back in its required state.

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True or False: It is common for debt investors to push entrepreneurs to pursue less risky business strategies for their ventures.

Answers

it is false and uncommon for debt investors to push entrepreneurs to pursue less risky business strategies for their ventures.

Basically, debt investment entails an investor who lends his money to a firm, individual with an expectation of repayment of loan plus interest from them at a particular date.

The practice that borrowers should engage in less risky business strategies for their ventures will not be encouraged by debt investors because it is less risky and will not yield high return to allow them repay their loan quick enough.

Therefore, it is false and uncommon for debt investors to push entrepreneurs to pursue less risky business strategies for their ventures.

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