You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend college. The first $ 10 comma 300 tuition payment is due in six months. After​ that, the same payment is due every six months until you have made a total of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 4.4 % ​(with semiannual​ compounding) guaranteed to remain the same over the next four years. How much money must you deposit today if you intend to make no further deposits and would like to make all the tuition payments from this​ account, leaving the account empty when the last payment is​ made? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)

Answers

Answer 1

Answer:

You must deposit "$74,806.25" today.

Explanation:

The given values are:

Periodic payment,

P = $10,300

Rate of interest,

r = [tex]\frac{4.4 \ percent}{2}[/tex]

 = [tex]2.2 \ percent[/tex]

Number of periods,

n = [tex]4\times 2[/tex]

  = [tex]8[/tex]

Now,

The PV of annuity will be:

=  [tex]\frac{P\times [1 - (1 + r)^{-n}]}{r}[/tex]

On substituting the given values, we get

=  [tex]\frac{10,300\times [1 - (1 + 2.2 \ percent)^{-8}]}{2.2 \ percent}[/tex]

=  [tex]\frac{1,645.73}{2.2 \ percent}[/tex]

=  [tex]74,806.25[/tex] ($)


Related Questions

Thomas, the head of the marketing department in an organization, has structured his department in such a way that the roles and responsibilities of his workers are loosely defined. Moreover, he does not exert too much control over his workers and encourages two-way communication. His workers tend to be highly satisfied with their jobs when compared to those in the finance department, headed by John who exerts more control. From this scenario it can be inferred that Thomas has adopted a(n) _________ mechanism for coordinating. Group of answer choices

Answers

Group of answer choices.

a. bureaucratic

b. authoritative

c. centralized

d. behavioristic

Answer:

d. behavioristic.

Explanation:

A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.

These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.

A span of control can be defined as the number of people (employees or workers), functions, activities which are being directly controlled effectively and efficiently by a manager in an organization.

In this scenario, Thomas, the head of the marketing department in an organization, has structured his department in such a way that the roles and responsibilities of his workers are loosely defined. Moreover, he does not exert too much control over his workers and encourages two-way communication. His workers tend to be highly satisfied with their jobs when compared to those in the finance department, headed by John who exerts more control. From this scenario, it can be inferred that Thomas has adopted a behavioristic mechanism for coordinating because he doesn't exert too much control over his subordinates.

also known as books of financial entry

Answers

Answer:

A daybook is a descriptive and chronological (diary-like) record of day-to-day financial transactions; it is also called a book of original entry. The daybook's details must be transcribed formally into journals to enable posting to ledgers.

Explanation:

Hope it helps

Shelly Ford is starting a fashion boutique in an upscale mall near San Antonio. She wants to open her store during the time period in which a business like hers can realistically enter the new market. Shelly is trying to open her business while the ________ is open.

Group of answer choices

safe harbor

window of opportunity

portal of entry

doorway of opportunity

safety zone

Answers

Answer:

I cant understant

Explanation:

Can you just write it in a paper then pic it

People who purchase goods or services from a business are:
a. Customers
b. Frequent Flyers
c. Patients
d. Visitors

Answers

Customers since they are the clients who are purchasing the supply

Answer: A

Explanation:

Custormer

I pay 455.00 a month for car payment but have a 24.31 apr interest rate how much im i really paying towards my car

Answers

Answer:

To find the answer, we divide the APR by twelve in order to obtain the monthly interest rate:

24.31% / 12 = 2.02% monthly rate.

Because we do not have anymore information, what we can determine is that the real amount of money that is going towards the car principal payment is the total monthly payment of 455.00 a month minus the amount of interest in that payment, represented by a 2.02% monthly rate over the total principal amount.

Tim Horton wants to raise funds to open a branch of their coffee shop in Trinidad. To raise the funds, Tim Horton would sell bonds 100 $1,000 par value with a coupon interest rate of 6%. The bonds would mature in 15 years and interest would be paid semi-annually. The required rate of return is expected to be 8%.

Requirement:
a) Calculate the value of one bond
b) What is the total amount Tim Horton would raise if all bonds were sold?

Answers

Answer:

a) The value of one bond is $837.08.

b) The total amount Tim Horton would raise if all bonds were sold is $83,708.

Explanation:

a) Calculate the value of one bond

This can be calculated as follows:

Annual coupon = Bond face value * Coupon interest rate = $1,000 * 6% = $60

Annual coupon discount factor = ((1 - (1 / (1 + r))^n) / r) .......... (1)

Where;

r = required semi-annual rate of return = required annual rate of return / number of semi-annual in a year = 8% / 2 = 0.08 / 2 = 0.04

n = number of semi-annuals = number of years * number of semi-annual in a year = 15 * 2 = 30

Substituting the values into equation (1), we have:

Semi-annual coupon discount factor = ((1-(1/(1 + 0.04))^30) / 0.04) = 17.2920333006645

Present value of coupon = ((Annual coupon / number of semi-annual in a year) * Semi-annual coupon discount factor) = (($60 / 2) * 17.2920333006645 = $528.76

Present value of the face value of the bond = Face value of the bond / (1 + r)^n = ($1,000 / (1 + 0.04)^30 = $308.32

Therefore, we have:

Bond value = Present value of coupon + Present value of the face value of the bond = $528.76 + $308.32 = $837.08

Therefore, the value of one bond is $837.08.

b) What is the total amount Tim Horton would raise if all bonds were sold?

Number of bonds expected to be sold = 100

Value of one bond = $837.08

Total amount that would be raised = Number of bonds expected to be sold * Value of one bond = 100 * $837.08 = $83,708

Therefore, the total amount Tim Horton would raise if all bonds were sold is $83,708.

The directors of Acme Corp. unanimously approved a merger agreement between Acme and Generic Inc. The Model Business Corporation Act (MBCA) is in effect in the state where both corporations are incorporated. The two corporations begin performing the various duties set out in the merger agreement. Certain shareholders of Acme then institute suit in an effort to block the merger. The shareholders maintain that the proposed merger should have been submitted to them for approval. Nothing in Acme's articles of incorporation requires the directors to submit such matters to the shareholders. The directors claim that the merger was carefully considered and is in the best interests of the corporation. Under these circumstances, _____.

Answers

Answer: B. the shareholders will be successful in their suit because under the MBCA, approval of all classes of shares is required for a merger or consolidation.

Explanation:

The options are:

a. the directors will prevail if they can prove that the merger was in the corporation's best interests

b. the shareholders will be successful in their suit because under the MBCA, approval of all classes of shares is required for a merger or consolidation

c. the directors will prevail because the MBCA gives them the right to overrule the shareholders' decisions in mergers

d. the shareholders will not be successful in their suit because the directors have acted in the best interests of the corporation

The Model Business Corporation Act (MBCA) is simply a model act that helps in the shaping of the standards for corporate law in the United States.

Based on the scenario in the question, the shareholders will be successful in their suit because under the MBCA, approval of all classes of shares is required for a merger or consolidation.

Which of the following best explains the significant increases in the equilibrium prices for higher education in the United States since the 1980s? The supply of higher education is highly price elastic, and demand has increased substantially. The demand for higher education is highly price inelastic, and the supply has decreased substantially. The demand for higher education is highly price elastic, and the supply has decreased substantially. The supply of higher education is highly price inelastic, and demand has increased substantially.

Answers

Answer: The supply of higher education is highly price inelastic and demand has increased substantially.

Explanation:

The option that best explains the significant increases in the equilibrium prices for higher education in the United States since the 1980s is that the supply of higher education is highly price inelastic and demand has increased substantially.

Price inelastic means that a change in price has little effect on the demand for education and since there has been an increase in the demand for education, the suppliers will increase the price which led to the increase in equilibrium price.

Milton Industries expects free cash flows of $ 12 million each year.​ Milton's corporate tax rate is 35 %​, and its unlevered cost of capital is 11 %. Milton also has outstanding debt of $ 47.76 ​million, and it expects to maintain this level of debt permanently. a. What is the value of Milton Industries without​ leverage? b. What is the value of Milton Industries with​ leverage? a. What is the value of Milton Industries without​ leverage? The value of Milton Industries without leverage is ​$ nothing million. ​ (Round to two decimal​ places.)

Answers

Answer:

a. What is the value of Milton Industries without​ leverage?

= Expected free cash flows/Unlevered cost of capital

= $12,000,000 / 11%

= 109090909.0909091

= $10.91 million

b. What is the value of Milton Industries with​ leverage?

= Unlevered cash flows + Corporate tax rate*Outstanding debt

= $109,090,909 + 35%*$47,760,000

= $109,090,909 + $16,716,000

= 125806909

= $12.58 million

In plating, the meat is placed between ___ o’clock position.

Answers

Answer:

between 3-9

Explanation:

HELPPPPPPPP WIL MARK BRAINLIEST

What types of decisions affect the day-to-day activities of an operation?
Group of answer choices

Those involving new product development

Those involving process technology

Those involving planning and control

Those involving performance measurement

Answers

Answer:

those involving process technologies

Donald's home was recently destroyed by a fire. He made an insurance claim for $250,000. Who is responsible for paying him the $250,000?

Answers

Answer:

THE INSURER

Explanation:

Smart tips for selling to business customers include all the following except: a. Emphasize various benefits that meet the differing needs and interests of each member of the buying center b. Offer fresh insight and ideas in e-mails and other correspondence c. Develop a marketing mix to satisfy the needs of the organization as well as the needs of individual purchasing managers d. Show appreciation by offering desirable gifts to purchasing managers e. Explain how products and services will reduce the firm's risk

Answers

Answer:

c. Develop a marketing mix to satisfy the needs of the organization as well as the needs of individual purchasing managers.

Explanation:

In order to have smart selling in business, one needs to have an emphasis on the various benefits that are offered by the product to the client. Such as on the sales of A/C one needs to offer insights and ideas to the buying customers, show appreciation by providing gifts to the purchasing managers.Even explain how the products and services can help boost profit. Rather than developing a marketing plan to meet the need of the customers as it is not their concern.

Two reasons why excellent customer service is important to every business

Answers

1) Prevents business failure

About 96% of American businesses close their doors within 10 years. One of the contributing problems is poor customer service. Buyers become frustrated over small problems that are not addressed. It happens when a business does not have good customer service associates who follow up on questions and promptly fill requests.

2) Creates endorsements

Loyal customers provide positive endorsements and good online reviews that can help businesses strengthen their brand. A loyal customer, on average, is 10 times more valuable than their first purchase. Research shows that people often make purchasing decisions based on recommendations from family and friends vs. advertising messages. Here are four statistics:

About 97% of customers will tell others about very good or excellent customer service experiences.
Nearly 70% of people would spend more money with a company that has excellent customer service.
Approximately 24% of satisfied customers will return to a business two or more years after a good customer service experience.
Research shows that 59% of people would try a new company to receive better customer service.


Hope this helps :) if you need more I can help

Which of the following is a database system that has been designed and developed specifically for one operation?
representational
relational
proprietary
privatized

Answers

I believe it would be Privatized

just say sum and ill give you alot of points⇒⇒⇒⇒

Answers

thanks for the points, have a good day
thank youuuuu! :$3));:4

Donald's home was recently destroyed by a fire. He made an insurance claim for $250,000. Who is responsible for paying him the $250,000?

Question 6 options:

1. the policyholder

2. the insurer

3. the person with power of attorney

4. the rider

Answers

The insurer is the one responsible

Answer:

THE INSURER :D

Explanation:

Which of the following is an example of specialization?
A. Because of the high cost of labor, American companies have
stopped most steel production and now import steel from other
countries.
B. To protect its workers, the German government requires that
foreign workers obtain visas before they can work in Germany.
C. German automobile manufacturers have built car plants in the
United States.
D. The United States exports farm goods.

Answers

Answer:

An example of specialization is;

A. Because of the high cost of labor, American companies have stopped most steel production and now import steel from other countries

Explanation:

Specialization in business is the strategy to focus on the production of a limited number of products or services based on comparative advantage, availability of resources and to improve efficiency, with the outcome of specialization include maximum possible productivity, advanced expertise, capacity for leadership in a field

The capital and labor intensive production of steel will make steel production at a location where labor cost is high less profitable than making the steel at a low labor cost location

The location of lower labor steel production that produces steel, is specialized in steel production, when it now supply steel to other locations where it costs less to buy than to produce steels.

i dont know which category this falls under

Answers

Answer:

C

Explanation:

Mill Company began operations on January 1, 20X1, and recognized income from construction-type contracts under different methods for tax purposes and financial reporting purposes. Information concerning income recognition under each method is as follows: Year Tax Purposes Book Purposes 20X1 $ 400,000 $ 0 20X2 625,000 375,000 20X3 750,000 850,000 Required: Assume the income tax rate is 21% in all years and that Mill has no other temporary differences. In its December 31, 20X3, balance sheet, what amount of deferred income taxes should Mill report

Answers

Answer:

Deferred tax asset balance on  December 31, 20X3 =   $115,500

Explanation:

The computation of the amount of deferred income taxes should Mill report is shown below:

Year   Tax purpose   Book purpose   Difference   Deferred tax book

20X1     $400,000          $0                $400,000        $84,000

20X2    $625,000     $375,000         $250,000        $52,500

20X3     $750,000     $850,000        ($100,000)        ($21,000)

Deferred tax asset balance on  December 31, 20X3 =   $115,500

True or False: Living expenses aren't considered startup costs.

Answers

yes true , that is true

The statement : "Living expenses aren't considered startup costs." is a True statement. They are known as the cost of living.

Start-Up cost

A start-up cost is the expenses incurred when one established a new business or an organization.

Start Up cost are the expenses or the amount incurred for creating a new business or a trade.

Cost of living

The cost or expenses incurred as a part of living a daily life is knonw as cost of living. It is the cost needed for one's food, housing, bills, groceries, health care, etc.

Thus, a living expenses are not considered as a startup costs.

Learn more about "Start-Up cost" here :

https://brainly.com/question/25881160

what is one way that critical thinking can help in career exploration?

Answers

Answer:

Critical thinking skills are some of the most important skills you should have. Almost every kind of job needs these skills. People who don’t have critical thinking skills often have a harder time executing tasks at work. They would need to exert more effort to be effective. Some even fail, and eventually give up their goals.

Explanation:

Which of the following is an example of a long-term debt?
A. A student loan.
B. A debit card purchase.
C. A term life insurance policy.
D. A stock portfolio.

Answers

answer is A. a student loan

Question 9 of 10
Johanna is responsible for setting goals and planning at a medium-sized
company. Her job title is director of communications. What level of manager
is Johanna?
A. Middle manager
B. Top-level manager
C. Executive director
D. Operational manager

Answers

Answer:

B top-level manager

Explanation:

Its top-level manager is the one that is involved in the planning that is long term for the company, and they do not bother about the daily operational report which explains the company how to interact with the customers. Hence, the correct option here is the B, Top Level manager.

What product are you making to bring Toys R Us back?

Answers

Answer:

An exclusive amazon alexa that's for little little kids, like toddlers that doubles as a camera

Explanation:

The primary difference between an underwriting syndicate member and a selling group member in a firm commitment underwriting is that A) the price per share paid by the public (POP) is more if purchasing new shares from a selling group member. B) the size of a syndicate member firm will always be larger than a selling group member firm. C) the syndicate member assumes liability for unsold shares and the selling group member does not. D) the securities offered by each differs within the offering.

Answers

Answer:

C) the syndicate member assumes liability for unsold shares and the selling group member does not.

Explanation:

In the trading of a security, the dealer's spread refers to the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction.

Simply stated, the bid-ask spread refers to the amount by which the bid price by a dealer is lower than the ask-price for a security or an asset in the market at a specific period of time.

The bid-ask spread exists because of the need for dealers to cover expenses and make a profit. A bid-ask spread is use in the transaction of the following items; options, future contracts, stocks, and currency pairs.

The primary difference between an underwriting syndicate member and a selling group member in a firm commitment underwriting is that the syndicate member assumes liability for unsold shares and the selling group member does not.

How does clothing satisfies human want​

Answers

Answer:

1, clothing saves Human from high and low temperature

2.clothing saves humans from viruses and diseases

hope my ans helps

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Candice bought a shipment of jeans to sell at her store for $20 each. She'd
like to have a 40% markup on the price of the jeans to make sure she can
cover the costs of her store. With this markup, what is the price of each pair
of jeans?
A. $12
O B. $8
O C. $32
O
D. $28

Answers

Answer:

D. $28

Explanation:

Given the following data;

Cost price = $20

Markup = 40%

To find the selling price;

Markup price = 40/100 * 20

Markup price = 800/100

Markup price = $8

Next, we would add the markup to the cost price;

Selling price = markup price + cost price

Selling price = 8 + 20

Selling price = $28

Therefore, the price of each pair of jeans is $28.

Answer: $28 (D)

Explanation: Just took the test

A cost-based contract is __________. ANSWER Unselected a document that authorizes a supplier to deliver a product or service and often includes key terms and conditions, such as price, delivery, and quality requirements Unselected a document containing terms and conditions for a purchased service that indicate, among other things, what services will be performed and how the service provider will be evaluated Unselected a type of purchasing contract in which the stated price does not change, regardless of fluctuations in general overall economic conditions, industry competition, levels of supply, market prices, or other environmental changes Unselected a type of purchasing contract in which the price of a good or service is tied to the cost of some key input(s) or other economic factors, such as interest rates

Answers

Answer:

a type of purchasing contract in which the price of a good or service is tied to the cost of some key input(s) or other economic factors, such as interest rates.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost-based contract, etc.

A cost-based contract is a type of purchasing contract in which the price of a good or service is tied to the cost of some key input(s) or other economic factors, such as interest rates.

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Bagel Café in exchange for her payment of a debt that Lyle owes to New Credit Corporation. Under this contract, the intended beneficiary is

Answers

Answer:

New Credit Corporation.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

Also, mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

In this scenario, Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Bagel Café in exchange for her payment of a debt that Lyle owes to New Credit Corporation. Under this contract, the intended beneficiary is New Credit Corporation as agreed upon by Lyle and Miranda.

An intended beneficiary can be defined as a third-party deemed to be the recipient of an action with respect to the execution of a contract.

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