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xxTIMURxx [149]
2 years ago
8

Shaan and Anita currently insure their cars with separate companies, paying $650 and $575 a year. If they insure both cars with

the same company, they would save 10 percent on their annual premiums. What would be the future value of the annual savings over 10 years based on an annual interest rate of 6 percent
Business
1 answer:
icang [17]2 years ago
3 0

Answer:

$1615

Explanation:

($575 + 650) 0.10 = $122.50

Find the future value of $122.50

Future value can be calculated using a financial calculator:

$122.50 = PMT

10 = N

6% = I/Y

Press compute then FV

Fv = $1615

I hope my answer helps you

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Consider the population consisting of all computers of a certain brand and model, and focus on whether a computer needs service
Dvinal [7]

Answer:

Based on selecting a sample of 300 computers The probability questions are follows

1. . What is the probability that no computer needs service within the warranty period?

2 . What is the probability that more than half of the computers that are sampled will need warranty period?

3. What is the expected number of computers fail before the warranty period?

7 0
2 years ago
If inflation is higher than what was expected, Select one: a. debtors receive a higher real interest rate than they had anticipa
Marianna [84]

Answer:

The correct option is B

Explanation:

Inflation is the measure which is quantitative in nature as the rate at which the average level of price of the selected goods and services in the economy rises over the year or time period.

It is stated or expressed in terms of percentage, because it indicates or explains the decrease or fall in the purchasing power of currency of the nation.

So, if the inflation is higher than what is expected, then the creditors who invested their money, will receive lower rate of interest then they anticipated as their is decrease of fall in the currency of the nation.

7 0
2 years ago
Cassandra saved $85.25 to buy a stereo. the day she bought it, it was on sale. she had $9.73 left over. how much did she spend o
nekit [7.7K]

85.25 - 9.73 = 75.52

She spent $75.52 on the stereo

5 0
1 year ago
Overall, 67 people of 350 surveyed gave your company five stars. Of men, 40 out of 175 gave your company five stars. Was your co
Elis [28]

Answer:

The company was rated five stars more by men

Explanation:

Expressing the survey results as percentages

1.  <u>Overall population </u>

         =67 out of 350

         =67/350x100= 19.14 percent

2. <u>Men population</u>

=40 out 175

=40/175x100 =22.85 per cent

The company was rated five stars more by men

7 0
1 year ago
The sales for​ January, February, and March are​ $150,000, $180,000 and​ $220,000, respectively. For any particular month of​ sa
Gekata [30.6K]

Answer:

Total cash= $193,000

Explanation:

Giving the following information:

Estimated sales ($):

January= $150,000

February= $180,000

March= $220,000

40% in cash from that same month of​ sales

50% in cash from the previous​ month's sales

10% in cash from the sales from two months ago

C<u>ash collection March:</u>

From March= 220,000*0.4= 88,000

From February= 180,000*0.5= 90,000

From January= 150,000*0.1= 15,000

Total cash= $193,000

3 0
2 years ago
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