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UkoKoshka [18]
2 years ago
7

You have set a goal of saving $4,000 every year, beginning the year you finish school and start working and lasting until you re

tire. You are considering these three investment instruments: an IRA, stocks, and certificates of deposit. Which will likely produce the best long-term returns? Explain your answer.
Business
1 answer:
loris [4]2 years ago
3 0

Answer:

IRA ( Individual retirement account)

Explanation:

An IRA is a type of account set up purposely to encourage savings towards retirement , and as a result some benefits are inculcated into it.

One key advantage of IRA over the other options of savings is that it has a higher rate compared to the certificate of deposit , meanwhile the  effect of the macro economic factors on the stocks could lead to its instability . This interest can even be be compounded over the savings period , yielding a cumulatively higher interest.

Another benefit of IRA is that the interest earned until retirement are exempted from taxes.

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You've decided to capitalize 100% of your new business by obtaining a loan from a local bank. Your initial funding will
fgiga [73]
Capitalize is to give or invest your capital "money" to a company or an industry.  According to this question you capitalize all of your assets, therefore your initial fundings will come from shareholding. 

And your welcome! 



3 0
1 year ago
Read 2 more answers
In cell b17, enter a formula to calculate the amount budgeted for hotel accommodations. this amount is based on the # of nights,
Nimfa-mama [501]
I recently had this assignment and here are a couple of was to do this:

1st way (which is correct according to my grading):
= # of Nights*Hotel rate*(1+hotel tax rate)

2nd way (I got counted wrong for this one on my assignment):
=(hotel rate+(hotel rate*hotel tax rate))*Number of nights
3 0
1 year ago
As the average hourly wage increases from $22 per hour to $28 per hour, the quantity demanded of Americano coffees increases fro
KIM [24]

Answer:income elasticity of demand for Americano coffees = 0.55

Explanation:

Income Elasticitity of demand = percentage change in quantity demanded / Percentage change in income

which can easily be calculated using

Income Elasticitity of demand =(New quantity  demanded - old quantity demanded/ old quantity)/(New Income - Old income /old income.

new income = $28

old income=$22

new quantity= 3450

old quantity=3000

Bringing down our formulae

Income Elasticitity of demand =(New quantitry  demanded - old quantity demanded/ old quantity)/(New Income - Old income /old income.

= {(3450-3000) /3000} /{(28-22)/22} =(450/3000) /(6/22) = 0.15/0.2727=0.55

income elasticity of demand for Americano coffees = 0.55

Here , we can see that we have a positive income elasticity of demand therefore Americano coffees is a normal good as an increase in income will lead to a rise in demand.  Also, the income elasticity of demand for this commodity is less than 1, therefore it is also a necessity good.

6 0
1 year ago
Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $73
mihalych1998 [28]

Answer:

annual rate of interest =  9.01 %

Explanation:

given data

future value = $345,000

present value = $73,000

time period = 18 years

to find out

annual rate of interest

solution

we get here annual rate of interest that is express as

annual rate of interest = (\frac{future\ value}{present\ value})^{\frac{1}{t} } - 1      ..................................1

put here value and we get annual rate of interest that is

annual rate of interest =  (\frac{345000}{73000})^{\frac{1}{18} }  - 1          

annual rate of interest =  9.01 %

7 0
2 years ago
Lakeland Inc. employees get 40 hours paid leave each year to pursue volunteer projects. The company runs a service day that host
e-lub [12.9K]

Answer:

sense of mission marketing

Explanation:

Sense of mission marketing refers to the marketing practice that holds that a company has to define its mission in a broad social context and not just simply in product terms.  

In this case, Lakeland's employees are involved in several social projects that help local communities in all the places that the company operates.

4 0
1 year ago
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