gina has planned to start college education in four years from now. to pay for her college education, she has decided to save $1,000 at the end of each quarter for the next four years in a bank account paying 12 percent interest (compounded quarterly). if she begins investing at the end of the current quarter, which just started today, how much will she have at the end of four years? (round to the nearest whole dollar)
Answers
Gina has planned to start college education four years from now and has decided to save $1,000 at the end of each quarter for the next four years in a bank account paying 12 percent interest (compounded quarterly). We need to find out how much she will have at the end of four years (rounded to the nearest whole dollar).
Formula to calculate the future value of an annuity due (FVAD) is given as; FVAD = P × [(1 + r) n – 1] × (1 + r) / rWhere,P = Payment made every quarterr = Rate of interest = a Total number of payments made to find out the future value of an annuity due (FVAD), we can use the following formula: FVAD = A × [(1 + r) n – 1] × (1 + r) / where.
A is the annuity payment for each period. To calculate the future value of the annuity due, we have;r = 12/4 = 3% (as the interest rate is 12% compounded quarterly)A = \($1,000n = 4 x 4 = 16\) (since there are 4 quarters in a year and the duration is 4 years). FVAD \(= 1000 [(1 + 0.03)^16 – 1] × (1 + 0.03) / 0.03\). FVAD = $53,815 (rounded to the nearest whole dollar).
Therefore, Gina will have $53,815 at the end of four years.
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Related Questions
Which of the following reflects Revenue after Deductions?
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Answer:
Net income reflects the total residual income that remains after accounting for all cash flows, both positive and negative. In other words, from revenue, which is called the top-line number, all income, expenses, and costs are deducted to arrive at net income
NET INCOME
Explanation:
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6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)
Answers
Explanation:
Your Credit History
Your Ability To Pay The Loan
Your Cash Flow History
Michael’s personal property in his college dorm room is insured by an endorsement on his parents’ homeowners insurance. The deductible is $2,000. A flood destroys Michael’s textbooks, which cost $570.93 tablet computer, which cost $868.91 backpack, which cost $141.37 and clothing, valued at $500. How much of the loss will the insurance policy not cover?
Answers
Answer:
81.21.
Explanation:
all you would need to do is add up all the values then subtract 2000.
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Select the correct answer from the drop-down menu.
choose the correct way to complete the sentence.
you can display good customer service by
sending promotional mails about product offerings to potential customers
having a professional appearance while attending to customers
passing the customer on to different sales representatives
Answers
One can display good customer service by having a professional appearance while attending to customers.
What is customer service?Customer service is a process of ensuring that customers are well catered for when delivering services to them.
Characteristics of a good customer service are:
PromptnessPolitenessProfessionalismHence, one can display good customer service by having a professional appearance while attending to customers.
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Answer:
by having a professional appearance while attending to customers.
Explanation:
the three tests for judging whether a particular diversification move can create added long-term value for shareholders are ___a. the customer value test, the competitive fit test, and the profitability test.b. the strategic fit test, the competitive advantage test, and the return on investment test.c. the industry attractiveness test, the cost-of-entry test, and the better off test.d. the attractiveness test, the profit test, and the business fit test.e. the industry competitiveness test, the earnings test, and the return on investment test.
Answers
The correct answer to your question is option B - the strategic fit test, the competitive advantage test, and the return on investment test. These three tests are used to evaluate whether a particular diversification move can create added long-term value for shareholders.
The first test, the strategic fit test, examines whether the new business fits well with the existing business and overall corporate strategy.
The second test, the competitive advantage test, evaluates whether the new business can provide a sustainable competitive advantage in the marketplace.
Finally, the return on investment test assesses whether the new business can generate sufficient returns on investment to justify the costs and risks associated with the diversification move.
It is important for companies to carefully consider these tests before making any diversification move, as the wrong move could result in a significant loss of shareholder value.
By using these tests, companies can ensure that any diversification move they make is well-planned and has a high probability of success in the long term.
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Define buisness collaboration. What are the things to be considered in buisness collaboration?
Answers
Answer:
Is a working practice where people work together for a commonpurpose to a achieve a bussiness benefit. Type of collbration is network, coalitions and movement and public private partnership and collective impact initiatives
Explanation:
This is the best way I can explain it hope this helps u
Suppose the economy begins in a short-run recessionary equilibrium. As price expectations and wages adjust and the economy moves from the short-run equilibrium to the new long-run equilibrium, firms are willing to produce more because input costs are falling O firms are willing to produce less because input costs are falling O firms are willing to produce more because input costs are rising O firms are willing to produce less because input costs are rising
Answers
When an economy starts from a short-run recessionary equilibrium, the output produced in that short run is less than the economy's potential output. As a result, resources such as labor, capital, and land are not fully utilized, and firms earn below-average profits.
However, as price expectations and wages adjust and the economy moves from the short-run equilibrium to the new long-run equilibrium, there are a number of factors that influence how much firms are willing to produce. One of these factors is input costs.Input costs are the expenses that firms must pay to produce goods and services, such as labor costs, raw materials, and energy.
As input costs change, so do the costs of production. If input costs are falling, the costs of production are decreasing, and this can have one of two effects on firms' willingness to produce more or less goods and services. If input costs are falling because there is a recession, and demand for goods and services is low, firms may be reluctant to increase production. In this case, firms are willing to produce less because input costs are falling. However, if input costs are falling because of technological improvements, which can lead to more efficient production processes and lower costs, then firms may be willing to increase production to take advantage of these lower costs. In this case, firms are willing to produce more because input costs are falling. Therefore, firms are willing to produce more because input costs are falling.
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Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $160,000 fair market value on the contribution date. The property was also encumbered by a $90,000 nonrecourse debt, which was transferred to the partnership on that date. Sharon is treated as a general partner. She is allocated 30% of QRST's profits and 20% of QRST's losses. Sharon's basis in the partnership interest after the formation transaction is:
Answers
Answer: $37000
Explanation:
Sharon's basis in the partnership interest after the formation transaction is calculated below:
Adjusted basis of property to Sharon = $100,000
Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000
Then, Sharon's basis in the partnership interest after the formation transaction will be:
= $100000 - $63000
= $37000
Corporate Social Responsibility has four components--what are they? Do you agree that public firms should address all four elements? Why or why not? Please, provide an example to explain your logic.
Answers
Corporate Social Responsibility (CSR) has four essential components which are economic, legal, ethical, and philanthropic. The economic component of CSR refers to the company's responsibility to generate profits and distribute dividends to shareholders. Legal components of CSR refer to the company's responsibility to comply with the law. The ethical component of CSR refers to the company's responsibility to do what is right and just. The philanthropic component of CSR refers to the company's responsibility to give back to the community and society as a whole.
Public firms should address all four components of CSR because it is their responsibility as a corporate citizen. Firms are legal entities that operate in society and rely on various resources, including human resources, natural resources, and financial resources. In return, they have a responsibility to give back to society, and CSR is one way of fulfilling that responsibility.
CSR activities can help firms build goodwill, improve their image and reputation, and enhance their legitimacy in society. They can also help firms manage risks and address social and environmental issues that can affect their operations. In addition, CSR activities can benefit the community and society as a whole by addressing social and environmental problems.
In conclusion, public firms should address all four components of CSR as a way of fulfilling their responsibility to society. CSR activities can benefit the firm and society by building goodwill, improving the image and reputation of the firm, addressing social and environmental problems, and enhancing the legitimacy of the firm in society.
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Jama has just become owner of a franchise
fast-food restaurant. He pays an initial fee of
$150,000 plus $8,000 per month for advertising
and management support to the franchisor. How
much will he pay in all to the franchisor during his
first year in business?
Answers
Answer:
$246,000
Explanation:
Jama will pay the initial fee plus 12 monthly payments to the franchisor in his first year.
The initial fee is $150,000
Monthly payments are $8000.
For the year, the monthly payments will total
=$8,000 x 12
=$96,000
In total, he will pay
=$96,000 +$150,000
=$246,000
1.How does a teacher maintain the quality of education. write in brief.
2 why do you think that the teaching job is the most important. give reasons
3. do you like teaching job?why or why not?give reasons as much as you can.
4. Differentiate between teaching profession and other professions in the context of our country.
Answers
Answer:
Explanation:
Simple Guidelines To Improve Teaching Quality and Effectiveness In The Classroom
Introduce technology in the classroom. ...
Personalise the learning experience of the students. ...
Involve Parents in The Classroom. ...
Empower students to be active learners.
Which of the following is true of participative budgeting? a.It discourages creativity. b.It imposes budgets on subordinate managers. c.It fosters a sense of responsibility among managers. d.It results in lower goal congruence.
Answers
Participative budgeting is a valuable approach that fosters a sense of responsibility among managers and contributes to a more engaged and motivated workforce.
In participative budgeting, managers and subordinates are involved in the budgeting process, allowing them to contribute their inputs and perspectives. This approach fosters a sense of responsibility among managers as they become actively engaged in the budget creation and decision-making process.
By involving managers in the budgeting process, they have a greater understanding of the budget's objectives and are more likely to take ownership of their roles in achieving those objectives. This can lead to increased motivation, accountability, and commitment to achieving the budgeted goals.
Participative budgeting also encourages collaboration and communication among team members, promoting a culture of teamwork and shared responsibility. It allows for the identification of potential challenges and opportunities, as managers have a better understanding of the budget's constraints and requirements.
By involving subordinates in the budgeting process, it can also stimulate creativity and innovation as different perspectives are considered.
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given+that+the+interest+rate+on+comparable+bond+is+4%,+is+your+broker+fairly+pricing+the+bond?
Answers
To determine if your broker is fairly pricing the bond, we need additional information about the interest rate offered on the specific bond in question. Without this information, we cannot determine if the broker's pricing is fair or not.
The fairness of the broker's pricing for the bond depends on whether the interest rate offered on the bond aligns with the prevailing market conditions. In this case, you have mentioned that the interest rate on a comparable bond is 4%. However, it is crucial to know the interest rate being offered on the specific bond in question to make a fair assessment.
If the interest rate offered on the bond is lower than the prevailing market rate of 4%, it could indicate that the broker is pricing the bond fairly or even at a discount. On the other hand, if the interest rate offered on the bond is higher than 4%, it might suggest that the broker is pricing the bond at a premium.
Therefore, without the information about the interest rate on the specific bond, it is not possible to determine if the broker is fairly pricing the bond or not. It is advisable to compare the interest rate offered on the bond with the prevailing market rates to assess its fairness accurately.
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In any business, funds come into and go out of a business. What business function acquires funds for the firm and then manages those funds on a day-to-day basis?.
Answers
Answer:finance
Explanation:
A financial plan is made up of five expenditures that detail the basic standards for starting a business, the investments you'll need to make, and how you intend to finance them. This allows you to determine the viability of your business idea.
What is the financing mix?The financing mix is thus the combination of debt and capital that a firm employs to achieve its goal of maximizing the firm's value. A firm will operate to maximize shareholder wealth, and in order to do so, a proper financing mix must be implemented.
First, a company can reinvest net operating earnings to stabilize operations or fund expansion. Second, a company can borrow money to cover operational losses or to expand its operations. Finally, a company can fund its operations and growth by issuing equity capital.
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The tax paid for land is known as
i)direct tax
ii)land revenue tax
iii)income tax
Answers
Answer:
land revenue tax
Explanation:
this is the money paid to make known that the land is yours
i will give $1000 to someone that can help me with this. and im being serious
Answers
Answer:
shell say to get your team together and lead if can do it do it, if you cant, don't
Explanation: you're the team leader you're supposed to be able to make decisions even the hard ones
most ads have little impact on the customer because they are driven by informational motives.
Answers
The statement that most ads have little impact on the customer because they are driven by informational motives is a complex one.
Informational motives refer to the reasons why a customer might be interested in a particular product or service. These motives could be based on the product's features, price, availability, quality, or other factors that would influence a customer's buying decision.
However, the issue with ads is that they often focus too much on these informational motives, and fail to connect with the customer on an emotional level. Ads that rely solely on product features and pricing information may not be engaging enough to capture the customer's attention and interest.
Successful ads often combine informational and emotional appeals to create a more powerful impact on the customer. Ads that tell a story, evoke an emotion, or create a memorable experience for the customer are more likely to be remembered and acted upon.
In summary, while informational motives are important in advertising, they are not enough on their own to create a lasting impression on the customer. Ads that effectively combine informational and emotional appeals are more likely to be successful in capturing the customer's attention and driving action.
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Leadership conceptualized as that which moves followers to accomplish more than is usually expected of them is known as the ______.
Answers
Leadership conceptualized as that which moves followers to accomplish more than is usually expected of them is known as the Transformational leadership.
What is Transformational leadership?
Transformational leadership can be regarded as kind of leadership that motivate followers to accomplish the set goal of the organization excellently as expected of them by their leaders.
Therefore, Transformational leadership moves followers to accomplish more than is usually expected .
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When answering requests and a potential sale is involved, one important goal is to
A) leave your audience with a good impression of you and your firm.
B) provide negative information about any possible competitors.
C) use hard sell techniques to pressure the reader into making the purchase.
D) answer only those questions that present your product or firm in a positive light.
E) encourage an immediate sale by offering an incentive for an immediate purchase.
Answers
When answering requests and a potential sale is involved, one important goal is to leave your audience with a good impression of you and your firm.
In responding to requests and potential sales, it is crucial to present the company in a positive light to the reader. This is achieved by providing accurate and relevant information about the product or service, demonstrating professionalism and competence, and being responsive to the reader's needs and concerns. Leaving a good impression on the reader builds trust and credibility, which can lead to a long-term business relationship. Providing negative information about competitors, using hard sell techniques, or answering only those questions that present the product or firm in a positive light can be counterproductive and can undermine the trust that the reader has in the company. Rather than encouraging an immediate sale through incentives, it is important to focus on providing value to the reader, addressing their concerns, and building a strong business relationship based on trust and mutual benefit.
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Write Dakota pipeline advantages/pros and how it is beneficial?
Answers
The Dakota Access Pipeline is a 1,172-mile oil pipeline that stretches from North Dakota to Illinois. The following are some of the advantages or pros of the Dakota Access Pipeline (DAPL):
Improving Energy Security:
DAPL plays a crucial role in the energy security of the United States. It helps the country reduce its dependence on foreign oil, which can be disrupted during a global crisis.
Enhancing Oil Production:
DAPL transports up to 570,000 barrels of crude oil per day, which helps producers deliver their products to refineries that can use them efficiently. This increased oil production helps the US economy grow while also creating jobs for American workers.
Reducing Transport Costs:
The pipeline significantly reduces transportation costs since crude oil can be shipped via pipeline much more efficiently than via other methods. Besides, it decreases the number of truck drivers on the roads, reducing the danger of accidents and keeping our highways safer.
Contributing to Local Economies:
The pipeline contributes to the local economy by generating tax revenue and providing employment opportunities for residents of the region. This can have a significant impact on rural communities, which may struggle economically. Therefore, these are the advantages of the Dakota Access Pipeline (DAPL).
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The relationship between increasing prices and decreasing money value is called
Answers
Answer:
Inflation occurs when prices rise across the economy, decreasing the purchasing power of your money.
Explanation:
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The key idea of the aggregate expenditure model is that in any particular year, the level of gdp is determined mainly by.
Answers
Answer:
the level of aggregate expenditure.
service-delivery systems with high customer contact can be treated much like an assembly line.
Answers
Service-delivery systems with high customer contact can be treated much like an assembly line, with a division of labor and standardized processes.
The summary of the answer is that service-delivery systems with high customer contact can be structured and managed similarly to assembly lines, using a division of labor and standardized processes.
In traditional manufacturing assembly lines, tasks are divided among workers who perform specific, repetitive tasks to create a product efficiently. Similarly, in service-delivery systems with high customer contact, tasks can be divided among employees to ensure a consistent and efficient customer experience. By treating service delivery as an assembly line, organizations can streamline processes, increase productivity, and maintain a standardized level of service quality. This approach allows for the efficient handling of customer interactions, reducing waiting times and enhancing overall customer satisfaction. it is important to note that service delivery involves human interaction, and customer needs and preferences can vary. Therefore, while some aspects can be standardized, flexibility and adaptability are also essential in service-delivery systems to cater to individual customer requirements and provide personalized experiences.
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Explain why circulation and ratings system determine how much money different advertisements costs to run
Answers
The reason why circulation and rating systems measured the number of money should be described below.
Circulation and rating systems should be used to measure the advertisement rates by presenting the amount of information i.e. getting out and getting noticed by customers. The advertising system should be works this way since more and more customers should be more opt to watch these ads due to this it result more sales for producers.
an overall orderly arrangement of all the format elements of an ad, such as the headline and visuals, is called the
Answers
An overall orderly arrangement of all the format elements of an ad, such as the headline and visuals, is called the "layout". The layout is the structure that depicts the relationship between the headlines, visuals, sub-heads, copy, and other components of an ad.
The layout arranges the design and style of each element within the ad and the balance among the elements so that the ad is visually appealing to the target audience. Laying out an ad necessitates a balance between image and text to ensure that the ad is both visually appealing and attention-grabbing.
The layout also assists in creating and improving readability, which leads to a better understanding of the message being conveyed by the advertisement.
To achieve a successful layout, the advertising agency considers the ad's main objective and target audience. The designer uses typography, images, and colors in a way that reflects the brand's character and message.
The layout is essential to the advertisement design process because it helps in making the ad visually attractive, readable, and understandable to the audience. The components of an ad must have a logical flow to the audience so that they can comprehend the message and engage with the advertisement.
Furthermore, it can boost the ad's efficiency by increasing its attraction to the target audience, which leads to a higher return on investment for the advertiser.
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Derick wants to purchase an existing business in the service industry. However, he does not want to use the traditional sources of information that entrepreneurs generally use to make the purchase. Which of these statements refers to an alternative source that Derick can use to locate businesses up for sale?
A.
He could hire the services of a business brokerage company.
B.
He could refer to websites that provide such details.
C.
He could contact businesses through details provided in trade magazines.
D.
He could ask his accountants and lawyers if any of their other clients want to sell their businesses.
E.
He could refer to “business for sale” advertisements listed in the classified sections of newspapers.
Answers
Answer:
The answer is D
Explanation:
I got it right on my quiz. :)
Which of the following can help consumers with excessive debt negotiate with lenders to reduce interest rates and fees?
a
Bankruptcy lawyer
b
Credit counseling service
c
Federal Trade Commission
d
Financial Protection Bureau
Answers
Answer:
Credit counseling service
Explanation:
Credit counseling services are offered by not-for-profit organizations to assist individuals and firms plan how to pay off outstanding debts. Credit counselors are specialists in debt management. They offer their clients debt management advice and help them make debt repayment plans.
Credit counseling services make debt repayment easy and manageable. Credit counselors sometimes negotiate for reduced monthly payments and lower interest rates.
If a company receives $12,000 from a client for services provided, the effect on the accounting equation would be:
Answers
Based on the information given the effect on the accounting equation would be: Assets increase $12,000 and Equity increase $12,000.
Effects on accounting equation:If a company receives the amount of $12,000 from a client for the services they rendered to the client the effect of the transaction on the accounting equation would be: Assets will increase by the amount of $12,000 and Equity will increase by $12,000.
Effect on Accounting equation:
Assets increase $12,000
Equity increase $12,000
Inconclusion the effect on the accounting equation would be: Assets increase $12,000 and Equity increase $12,000.
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In economics a computer bought by a firm for its account keeping is classified differently to a computer bought by an individual for playing games and surfing the internet. Explain why.
Answers
Answer:
12
Explanation:
what dollar amount of loans have lending tree and prosper (p2p) disbursed so far?
Answers
The dollar amount of loans, lending tree, and prosper (p2p) has done in disbursement so far is 3.4 trillion dollars
What is a lending tree?Generally, LendingTree is a digital marketplace for loans with its headquarters in Charlotte, North Carolina.
The commercial platform gives prospective borrowers the ability to connect with multiple loan operators in order to locate the most advantageous terms for various types of loans, credit cards, deposit accounts, and insurance policies.
In conclusion, They have provided loans for a total of 3.4 quadrillion dollars up to this point. They have provided loans for a total of 3,4 trillion dollars up to this point.
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