kimjooin02
11.10.2019 •
Business
How much must be deposited today in an account earning 6% annually to accumulate a 20% down payment to use in purchasing a car one year from now, assuming that the car's current price is $20,000, and inflation will be 4%?
Solved
Show answers
More tips
- C Computers and Internet How to Learn to Type Fast?...
- F Food and Cooking Delight for Gourmets: How to Prepare Liver Pate...
- S Style and Beauty How to braid friendship bracelets?...
- H Health and Medicine Mercury Thermometer Danger: What to do when a thermometer breaks?...
- F Food and Cooking Which Calamari Salad is the Most Delicious?...
- S Society and Politics 10 Tips for Boosting Your Self-Esteem...
- F Food and Cooking The Most Delicious and Simple Fish in Batter Recipe...
- H Health and Medicine What is Autism? Understanding the Basics of This Neurodevelopmental Disorder...
- P Philosophy How to Develop Extrasensory Abilities?...
- S Style and Beauty Don t Sacrifice Your Brows: How to Properly Pluck Stubborn Hairs...
Answers on questions: Business
- B Business Accounting help what’s the answer?...
- B Business If an applicant is experienced, has a solid work history, and is staying within her field, the most effective format for her resumé would likely be chronological functional/hybrid...
- M Mathematics Every time tom and maya have a child, there is an equal probability of it being a boy or a girl. 1. if tom and maya have 3 children, what is the probability that they have...
- H Health Which is a true statement about chewing tobacco? a. users face a higher risk of cancer of the mouth, esophagus, larynx and pancreas. b. users face a lower risk of cancer of...
- M Mathematics Beth had 6 feet of wrapping paper. she used 3/4 of the paper . how much does she have left?...
- C Chemistry The unit cubic meter measures a.volume b.length c.density d.area...
- E English In your opinion, does this inner story undercut the main point of the wife s tale?...
- S Social Studies Why did missionaries go to the oregon county?...
- E English Im a 8 letter word. i am kept secret from everyone. my 2, 3 and 4 letter spell an animal. my 4, 5, 6, 7 and 8 letter is weapon. my 1, 2 and 8 letter is used for writing an...
- P Physics Afallen tree is lifted 2.75 meters how much work is done...
Ответ:
The price of the car after a year would be
20,000×(1+0.04)
=20,800 because of inflation
The amount of down payment is
20,800×0.2
=4,160
So you need to deposit
P=4,160÷(1+0.06)
p=3,924.5 round your answer to get
P=3925
Hope it helps
Ответ:
g= 2/5 divide 3/5
g= 2/5 X 5/3
g= 10/15
g= 2/3