![viktoria1198zz](/avatars/12593.jpg)
viktoria1198zz
28.01.2020 •
Business
Brenda plans to reduce her spending by $50 a month. what would be the future value of this reduced spending over the next 10 years? (assume an annual deposit to her savings account and an annual interest rate of 3 percent.) use exhibit 1-b. (round fva factor to 3 decimal places and final answer to 2 decimal places.)
Solved
Show answers
More tips
- W Work and Career Secrets of Punctuality: How to Learn to Never Be Late?...
- L Leisure and Entertainment How to Choose the Perfect Gift for Men on February 23rd?...
- H Health and Medicine How to Treat Whooping Cough in Children?...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
Answers on questions: Business
- B Business The ratio of shareholders funds to total assets of the company is called?...
- B Business Two partners, Small and Big, form a partnership in which Small invested $40,000 and Big invested $60,000 for a total capital of $100,000. But Small devotes more time...
- B Business If you are lonely I am here so get to talking - , - -...
- B Business To be guilty of sexual harassment, the offender needs to understand that they are making someone uncomfortable....
- B Business Ranger Company has assets of $5,000,000, liabilities of $3,000,000, and retained earnings of $1,200,000. How much is total equity?...
- B Business What are the two names for the assets that reside within the minds of members, customers, and colleagues and include physical structures and recorded media?...
- E English Identify the function of who or whom in the following sentences. In the blank, write subject, subject complement, direct object, or object of the preposition. 1. Who...
- M Mathematics Solve 8²- (10÷ 2 x 3) Step by steps...
- B Biology 8. What are the factors that you and your team will consider to ensure that the “oil-eating” bacteria you chose will multiply, grow, and thrive efficiently in the...
- M Mathematics the monthly income of an individual is 65000.10%of his salary is deducted as provident fund, another 10%is deducted as citizen investment trust and he pays RS 15000...
Ответ:
$6987.07
Explanation:
Since the Brenda will be saving $50 every month for the period of 10 years, therefore, the future value of annuity formula will be applicable for the purpose of calculation of future value.
Future value=R[((1+i)^n)-1/i]
Here R= monthly amount to be saved =$50
i=interest rate=3/12=0.25%
n=number of payments=10*12=120
Future value=50[((1+0.25%)^120)-1/0.25%]=$6987.07
Ответ:
Positive, Normative
Explanation: Positive economics is based on facts and objects that can be verified. While, normative economics is based on value based judgement that are difficult to verify.
Making a prediction today about the world's population in twenty years based on current growth trends is an example of positive economics.
Advising the residents of a town to choose a toll road over a freeway extension due to a limited budget and high trucking usage is an example of normative economics.