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konstantin123 [22]
2 years ago
12

On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to b

e able to withdraw $4000 from the fund on his 18th birthday, again on his 19th birthday, again on his 20th birthday, and again on his 21st birthday. If the fund earns interest at 9% per year, compounded annually, how much should the father deposit at the end of each year, up through the 17th year?
Business
1 answer:
Contact [7]2 years ago
7 0

Answer:

The amount of deposit is 369.77 dollars

Explanation:

We can calculate the amount of deposit using present value and the number of payment periods, which is 17. It tells us about the value of our future income as measured in today's dollars. Future value for all four years is 1600 dollars. Formula for present value is future value/(1+interest rate)^number of periods. In this case it will be 1600/1.09^17 or 1600/4.327 equals 369.77.

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Amusement parks often offer discounts to locals with IDs. This is an example of a. ​A direct discrimination scheme b. ​An indire
aliya0001 [1]

The correct answer is A. An direct discrimination scheme

Explanation:

Direct discrimination exists if certain individuals or groups are treated differently from most people, this includes favorable treatment such as benefits as well as unfavorable or negative treatments. Moreover, direct discrimination schemes differ from indirect discrimination schemes because these are supported by law, rules, etc. that directly define the difference in treatment and the groups or people affected by these.

The case presented is an example of an indirect discrimination scheme because the discounts to locals show a difference in treatment. Also, this difference is explicit because it is stated it only applies to locals, and this discrimination is supported by the policies or rules of the amusement park.

3 0
2 years ago
Wally and Kim, a married couple with an average life expectancy, have a retirement budget of $6,000/month. While they are both a
tatuchka [14]

Answer: Card 5

Explanation:

3 0
2 years ago
Randy owns a shoe company and recently retooled his company's marketing mix strategy. His new target market is wealthy, craftsma
omeli [17]

Answer:

To partner with a well connected socialite and older couple to endorse in his brand.

Explanation:

As Randy owns the shoe company, he has the right to change and decide the marketing strategies and also the mixes for the brand. He decides to fully change the market targeted for his brand. He now starts to focus on the old and wealthy skilled craftsman who seeks only quality. Thus now he needs to advance and take forward his new marketing mix, and target his new market. So, one of the best way or strategy is that he can use to support of his marketing mix is to make and ask an older and well connected and known socialite couple, of his partner,  to endorse and to promote his brand of his company in the market or even in the society. This will help him promote his new exclusive shoes collection and also he can target the old wealthy seekers easily.

5 0
2 years ago
Read 2 more answers
Jason and his family were invited to dinner by a family friend who had just opened a high-end restaurant. Jason and his family w
mixer [17]

Answer:

C) is the answer in my opinion

7 0
2 years ago
Read 2 more answers
Materials costs of $600,000 and conversion costs of $642,600 were charged to a processing department in the month of September.
inn [45]

Answer:Manufacturing costs assigned to completed units  = $1143192

Explanation:

Material Costs = $600 000 (added at the beginning)

Conversion costs = $642600 incurred uniformly through out the process

Units Started = 100 000

Units on hand = 8000 units 40% complete

Units completed = 100 000 - 8000 = 92000 units

Percentage of units completed = 92000/100 000 = 92%

Material costs = $600 000 x 92% = $552000

Conversion Costs = $642 600 x 92% =$591192

Manufacturing costs assigned to completed  = $552000 + $591192

Manufacturing costs assigned to completed units = $1143192

3 0
2 years ago
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