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Alexeev081 [22]
1 year ago
5

Theo wants to have $40,000 for a down payment on a house five years from now. He can either deposit one lump sum today or he can

wait one year and deposit a lump sum. Assume an annual interest rate of 3.5 percent. How much additional money must he deposit if he waits for one year rather than making the deposit today?
Business
1 answer:
juin [17]1 year ago
4 0

Answer:

$1932.37

Explanation:

To find out how much additional money he must deposit if he waits for 1 year rather than making a deposit today we need to find the difference:

Difference = Value after 1 year - Present value

We first convert the interest rate percentage by dividing interest rate value by 100

Present Value = $40 000 / (1 + 0.035)5 = $7729.47

Value after 1 year = $40 000 / (1 + 0.035)4 = $9661.81

Difference = $9661.81 - $7729.47 = $1932.37

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Option B : To fit in all the AIDA elements, break a longer message into a multi-part tweet.

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The concepts underneath AIDA even now relate to micro-names, even though you likely won't use the complete, four-part plan. Using catching and interesting interest recipients, and seek to always have a call for action. Do not spread endless retweets, numerous tweets, or other things that are more distressing to your viewers than they receive.

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1 year ago
An analyst asked to perform a TCO analysis for a system would need to take into account
balu736 [363]
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1 year ago
Harvey County Choppers, Inc. is experiencing rapid growth. The company expects dividends to grow at 25 percent per year for the
densk [106]

Answer:

The current stock price should be at $60.15.

Explanation:

We have the dividend paid next year = 1.05 x 1.25 = $1.3125.

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[ 1.3125 / (12% - 25%) ] x [ 1 - [ (1+25%)/( 1+12%) ] ^7 ] = $11.68.

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3 0
2 years ago
Adjust the percentages of Chris’s investments to make his portfolio with potential for high growth
Oksana_A [137]
<h2>Answer:</h2><h3><em><u>Bond: 20%</u></em></h3><h3><u><em>Mutual Fund: 15%</em></u></h3><h3><u><em>Stock: 50%</em></u></h3><h3><u><em>Savings Account: 15%</em></u></h3>

<h2>Explanation:</h2><h3><u><em>E v e r F i</em></u></h3>
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2 years ago
Suppose a monopoly concrete contractor builds 20 driveways per month for $10,000 each. In order to increase sales to 21 driveway
wariber [46]

Answer: Marginal revenue is -$500.

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2 years ago
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