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Arte-miy333 [17]
2 years ago
9

Brenda young desires to have $15,000 eight years from now for her daughter's college fund. if she will earn 6 percent (compounde

d annually) on her money, what amount should she deposit now? use the present value of a single amount calculation.
Business
2 answers:
labwork [276]2 years ago
7 0

Present value PV= FV(1/(1+r)^n)

PV = Present Value

FV = Future Value

r= rate

n= number of years

Just plug in the numbers and calculate.

Nesterboy [21]2 years ago
6 0

Answer:

The answer is: $9,411.19 (rounded to 2 decimal places)

Explanation:

Brenda needs to discount the present value of future anticipated cash flows to determine the value that she should deposit in the current period.

The time value of money principle dictates that the value of money today is worth more than its future equivalent in terms of the purchasing power. It is for this reason that interest is charged in future after lending or borrowing money in the current period. In order to compute the present value of the money, the compound interest formula needed is as follows:

FV = PV (1 + r)^nt where FV is the future value and PV is the present value, n is the number of times interest is applied per period, r is the interest rate and t is the number of time periods. In order to calculate present value, it has to be the subject of the formula:

PV = FV/ (1 + r)^nt

     = $15, 000/(1 + 0.06)^(1*8)

     = $15, 000/1.5938481

     = $9, 411.18557

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laila [671]

Answer:

We will plant 165 of Crop A

Explanation:

We will compare the marginal contribution for each crop:  A   B

Profit:                170.00     210

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Crop A is better regarding cultivating cost.

Now we analize the labor hours:

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Labor hours per crop 20       25

CM per constrain      8.50       8.40

Because Crop A is better at both constrain resource It will be better to plant only Crop A if possible. As assigning to Crop B will diminish the return on the scarce resourse.

We will see how much can we plant of Crop A

7400 / 40 = 185

3300 / 20 = 165

We will plant 165 of Crop A

which is the maximun we can plant at the given labor hours.

3 0
2 years ago
Briefly describe the​ trade-offs involved in the following decision.​ Specifically, what are the opportunity costs associated wi
vekshin1

Answer:

D. All of the above.

Explanation:

In economics, opportunity cost is the alternative forgone. For example, if two goods X and Y with prices $2 and $3 respectively are compared and an individual chooses to buy X instead of Y, the opportunity cost is the good Y itself that is forgone and not $3 which the price of Y.

Opportunity cost can also be seen as benefits an individual forgo in order to choose an alternative over another.

Therefore, individual pair comparison of each of the following statements opportunity cost to Frank's decision to reduce his weight:

A. His opportunity cost is the alternative uses of time spent exercising.

B. His opportunity cost is the forgone satisfaction of consuming foods that are not part of his diet plan.

C. Assuming exercise is not leisure comma he trades consumption of current leisure for future health.

I wish you the best.

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Solution

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