Chris Fowler borrowed $93,290 on March 1, 2018. This amount plus accrued interest at 8% compounded semiannually is to be repaid March 1, 2028. To retire this debt, Chris plans to contribute to a debt retirement fund five equal amounts starting on March 1, 2023, and for the next 4 years. The fund is expected to earn 7% per annum.How much must be contributed each year by Chris Fowler to provide a fund sufficient to retire the debt on March 1, 2025?

Answers

Answer 1

Answer:

$43,027

Explanation:

The computation of the amount to be contributed each year is shown below:-

Amount to be repaid on March 1, 2025 = Loan amount × (1 + Interest Semiannually )^Number of years

= $93,290 × (1 + 0.04)^20

= $93,290 × 2.191123143

= $204,409.878

Amount to be contributed = Required future value ÷ Cumulative FV factor at 7% for 5 periods of annuity due

= $204,409.878

÷ 4.75074

= $43,027


Related Questions

Compile a job advertisement for a receptionist vacancy:name of the business and title of the job advertisement.

Answers

Answer:

Receptionist (Full-time).

Explanation:

KhanyaChantell Engineering Plc. is an Engineering and ICT company focused on power distribution, disaster recovery solution, systems integration, network security, and broadband technology services. Our businesses are strongly channeled to providing reliable power, turnkey, integrated technology solutions to hotels, financial institutions, schools, oil and gas, and governmental agencies in the United States of America.

We are recruiting to fill the job position below;

Job Title: Receptionist.

Location: Nevada.

Job ID: 011234

Employment Type: Full-time.

Salary: $1,200 per month.

Minimum Requirements:

High School diploma, GED, or equivalent preferred.Minimum of 3 years experience.Proficiency in English Language (oral and written).Excellent knowledge of MS-Office.

Application Closing Date:

30th of November, 2020.

How to Apply

All interested and qualified candidates should send their curriculum vitae (CV) in pdf format using the Job Title and ID as the subject of the mail e.g (Receptionist - 011234) to Khanyachantellatkci.com.

An example of a job advertisement for a receptionist is given below:

Topmost Enterprises is looking for a qualified person to fill the role of a RECEPTIONIST.

The ideal candidate should have the following qualities:

Computer literateGood communication skills.The person should have good telephone etiquette

The salary offered is competitive and commensurate with the experience and the qualification of the person.

Interested applicants should forward their email to ....

Deadline: 30th October, 2021.

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Workers are responsible for the production of goods in a business,

but business owners exploit their workers.

A) Workers should revolt,

B) take over the businesses,

C) set up a government to run the economy on their behalf.

Which political thinker would be most likely to agree with this statement

Answers

Answer:

Karl Marx

Explanation:

Many people only remember Marx for his theories about extreme socialist governments that eventually led to communism in other parts of the world. But he actually did understand how capitalism worked, added value theories, the way capital ($) worked, and he believed that capitalism was a necessary stage in the development of society. As an economist he was brilliant, but then he turned into a sort of philosopher.

Problems started when he said that after capitalism had led to an unprecedented economic growth, then it would be time for the workers (proletariat) to take over and lead economic systems. This rule by the working class would eventually lead to a fair society where everyone would be able to prosper.

Marx's economic theories are utopian, they call for a nearly perfect world, but humans aren't perfect. If you like Star Trek, you should recall that the world runs just like Marx wanted to. The economy and living conditions are based solely on your work, that is why the world was able to unite under one single federation. But as much as I would really like to travel at warp speed, it is not possible, and I really doubt that Marx's ideas are possible either.

1.What is a business transaction?

Answers

Answer:

A business transaction is an event involving an interchange of goods, money or services between two or more parties.

Explanation:

A business transaction is an event involving an interchange of goods, money or services between two or more parties.  The business transacted can be between two parties engaged in business and conducting the transaction for their mutual benefits, or between a business entity, like a retail shop, and a customer.

Consider the case of Demed Inc.: Demed Inc. has 9% annual coupon bonds that are callable and have 18 years left until maturity. The bonds have a par value of $1,000, and their current market price is $1,130.35. However, Demed Inc. may call the bonds in eight years at a call price of $1,060. What are the YTM and the yield to call (YTC) on Demed Inc.’s bonds? Value YTM YTC If interest rates are expected to remain constant, what is the best estimate of the remaining life left for Demed Inc.’s bonds? 18 years 13 years 5 years 8 years If Demed Inc. issued new bonds today, what coupon rate must the bonds have to be issued at par?

Answers

Answer:

A) YTM = 7.64%

B) YTC = 7.36%

C) 8 years

D )   7.64%

Explanation:

Annual coupon bond rate = 9%

number of year left until maturity = 18

par value of Bonds( FV ) = $1000

current market price( PV ) = $1130.35

Demed can call bonds in 8 years at a call price of $1060

A) what is the Bonds' YTM  ( yield to maturity )

we calculate the interest per period ( PMT )

= ( Fv * Annual coupon bond rate) / number of compounding per year

= (1000 * 9% ) / 1 = $90

next we calculate number of compounding periods till maturity ( NPER )

= number of years to maturity * number of compounding per year

= 18 * 1 =  18

using excel formula = RATE ( NPER,PMT,PV,FV) )

hence yield to maturity = 7.64%

B) what is YTC ( yield to call )

we calculate the interest per period ( PMT )

= $1000 * ( coupon rate / number of compounding per year )

= $1000 * ( 9% / 1 )  = $90

 next we calculate the number of compounding periods till sell

= 8 * 1 = 8

using excel formula = RATE ( NPER,PMT,PV,FV) )

Hence the YTC = 7.36%

C) Bonds will be called at 8 years and this is because the YTC is less than YTM

D )   The coupon rate for the bonds to be issued  at par,  is  7.64%

How do alternatives relate to thoughtful decisions

Answers

Answer:they help give better chances of making a good decision the longer the list of alternatives are.

Why is determining the selling price in the global marketplace an extremely difficult task? A.Many countries still have rules governing the competitive marketplace, including those that affect pricing.B.The major challenge is identifying the elements that need to be adapted to be effective in the global marketplace.C. Distribution can be challenging in some countries if the transportation infrastructure is inadequate.D. Differences in language, customs, and culture also complicate marketers' ability to communicate with customers in various countries.E. The number of firms with which the seller needs to deal to get its merchandise to the consumer determines the complexity of a channel

Answers

Answer: A.Many countries still have rules governing the competitive marketplace, including those that affect pricing.

Explanation:

Determining the selling price in the global marketplace can be an extremely difficult task because many countries still have rules governing the competitive marketplace, including those that affect pricing.

A example of this is the situation with nations that possess weak currencies, such economies typically surplus labor which can lead to their products being cheaper in global markets.

Also, some nations try to protect their local industries and therefore use several methods like tariffs, quotas, ban on certain goods etc. These all have effects on the pricing of the goods.

Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah’s Cycles on February 1 for $1,200 (cost of goods sold of $700). On February 9, Sarah’s Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $190). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required: 1. to 3. Prepare the journal entry to record the sales, Goods returned on February 9 and Cash collected on March 2. 4. Calculate the gross profit percentage for the sale to Sarah’s Cycles.

Answers

Answer: Please find explanation column for answers

Explanation:

a)Journal  To record sales of merchandise

Date                 Accounts titles                Debit      Credit

Feb 1    Account receivable            1200  

Sales revenue                                               1200

Journal To record cost of goods sold

Cost of goods sold                            700  

Merchandise inventory                                          700

b)Journal To record sales return  

Date                 Accounts titles                          Debit      Credit

Feb 9 Sales return and allowance (1200/4) 300  

Account receivable                                                     300

To record cost of goods returned

Merchandise inventory                                           $190  

Cost of goods sold                                                               $190

c)Journal To record  cash collection  

Mar 2 Cash (1200 -300)                               $900

Account receivable                                                        $900

d) Gross Profit percentage  = Net Profit/Net sales =Net sales - cost oof goods sold/net sales

Cost of goods sold = cost of goods sold - cost of goods retuened = 700- 190 = 510

Net profit/ net sales = 900- 510/ 900=490/900= 0.54 = 54%

in the past giving money to charity was the norm, but that is changing. how?​

Answers

Answer:

i know every one is spending money on apperence

Explanation:

common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Accountants? Check all that apply. pace determined by speed of equipment importance of repeating same tasks indoors, environmentally controlled deal with physically aggressive people telephone and electronic mail importance of being exact or accurate

Answers

Answer:

Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are common work contexts for Actors? Check all that apply.

deal with physically aggressive people

exposed to hazardous equipment

contact with others

work with group or team

Explanation:

Answer:

A, B, E, F

Explanation:

Which benefit is shared by both Monopolies and Oligopolies?

A. They drive down prices by competing for the same customers.

B. They are highly regulated by the government groups that control them.

C. They have Access to enough capital to operate in high-cost industries.

D. They provide consumers with a wide range of choices for products.

APEX​

Answers

Answer:

C. They have Access to enough capital to operate in high-cost industries.

Explanation:

Both monopolies and oligopolies have some common traits, and one of the most important ones is that they all have a large market power. Their power comes from high entry barriers to the industries in which operate in. Generally these industries are high-cost industries, e.g. it costs billions to build the electric grid of a large city. These high entry barriers decrease or virtually eliminate the possibility of competition.

Answer: They can Harm Consumers by fixing prices.

Explanation:

Just took the quiz on A_pex :) It may not be one of his choices but it could be yours :) Hope this helps, mark it the brainliest pls !

Can we run our business without training or not? Give reason.​

Answers

Answer:

Ha we can run our business if we have knowledge

and we have the grip on it and first we have to put interest.

Answer:

Yes we can start our own bussiness without training. We just have to start the bussiness in the field of that thing, in which we are the most expert.

Every day, Eloise talks with patients who suffer from drug abuse and helps them with their treatment plans. She sometimes works with Franklin who plans social events and outdoor activities on the drug facility grounds. Because some of the patients are there for months or years, Eloise and Franklin also work with Jessup, who takes care of patients’ hair care and other grooming needs. Which best describes the workers’ career pathways based on their tasks?

A.Eloise works in Family and Community Services, Franklin works in Counseling and Mental Health Services, and Jessup works in Personal Care Services.
B.Eloise works in Counseling and Mental Health Services, Franklin works in Personal Care Services, and Jessup works in Family and Community Services.
B.Eloise works in Personal Care Services, Franklin works in Family and Community Services, and Jessup works in Counseling and Mental Health Services.
C.Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.

Answers

Answer:

D: Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.

Explanation:

Its a wild guess, but it makes sense since Eloise deals with drug abuse which would be mental health and counseling, Franklin works on organizing local events (ive done this type of volunteering job before) so it would be a job that is apart of the community, and finally Jessup works (maybe) at a hair salon which would be more hair/personal care.

Correct me if iam wrong, and if iam right iam glad to have helped (if i did) :)

People do have careers. The option that best describes the workers’ career pathways based on their tasks is that;

 Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.

A career path is known to be a kind of forward roadmap with short or long-term bench marks.

It is known to be a maps the ways an employee often takes from a lower-level position via a kind of successive roles to reach  their ultimate goal.

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Acomputer game that can be purchased online and played right'away has good utility
A. Form
B. Information
C. Value
D. Time

Answers

form utility if it works well the form is great

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) 40 POINTS

Every monetary decision we make involves a level of choice, usually of one thing over another. What is the name for this financial trade-off?




A. personal risks




B. inflation




C.opportunity cost

Answers

Answer:

C

Explanation:

Im about 92% sure it is C

Answer:

C!

Explanation:

I took the test :)

In which three areas did NAFTA reduce or eliminate tariffs?

Answers

Answer: On agriculture, textiles, and automobiles.

Explanation:

The correct answer is U.S., Canada, and Mexico.

The North American Free Trade Agreement (NAFTA) was implemented to promote trade between the U.S., Canada, and Mexico. The agreement, which eliminated most tariffs on trade between the three countries, went into effect on Jan. 1, 1994.

What tariffs did NAFTA eliminate?

On January 1, 1994, Mexico eliminated tariffs on nearly 50 percent of all industrial goods imported from the United States, including some of our most competitive products such as machine tools, medical devices, semiconductors and computer equipment, and telecommunications and electronic equipment.

How did NAFTA benefit all 3 countries?

NAFTA boosted trade by eliminating all tariffs among the three countries. It also created agreements on international rights for business investors. That reduced the cost of commerce. It spurs investment and growth, especially for small businesses.

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Who or what is responsible for buying the vast majority of the goods and services that are produced in the United States?

1. Businesses
2. Individual Consumers
3. The Federal Government
4. Local governments

Answers

i believe it’s 2. individual consumers

state ant Three activities that took place during the forming stage

Answers

Answer:

Each stage plays a vital part in building a high-functioning team. In 1965, a psychologist named Bruce Tuck-man said that teams go through 5 stages of development: forming, storming, norning, performing and adjourning.

Explanation:

Which type of business proposal or report is most likely to capture the attention of your manager? Explain your choice using information from this reading week's material. The use of social platforms, electronic and web-based communication is on the rise. How would you effectively include electronic and social media to reach a wider audience? Create and share the plan you develop using the AIDA model. (Hint: AIDA – Attention, Interest, Desire, Action)

Answers

Answer:

I believe a memo business proposal or report would capture the managers attention.     I believe this is the best choice because it will be detailed it will have all the research and data already done and included in the report. It will also give the audience new information and make them want to take action.

I would effectively include many different social websites, such as face book posting it on the community's web page about the health and wellness event, I would put up a capturing quote and twitter about health and wellness and tweet it. I would have friends and family share a post that I had written up about it, I would do live pod casts about the event and how it could change you and make you healthier. I would also send out emails to local business to see if they would let their customers know about the event.

Attention: Would you like to feel better physically and mentally? Would you just like information on how to get healthier?

Interest. We have a health and wellness community event going on were you can get new information on getting healthier. You may be experiencing physical or mental health issues and just need a helping hand or someone to guide you on were to get started to get the help you need.

Desire. If you desire a healthier happier you and want to feel great inside and out. Maybe you want to gain information for a family or friend on how they can get healthy.

Action. All you have to do is come to this Health and wellness community event and get the information you need to get started.

Explanation: when I was asked this same question for a discussion post in collage this was my reply to it.

A business proposal can be understood as a document written and addressed to potential customers with the aim of completing a commercial agreement.

A proposal or report most likely to catch your manager's attention is one that is well-structured and written in a persuasive and accurate way, where the potential customer can easily see the benefits of completing the business agreement.

It is necessary that the proposal is written in formal and professional language, with a descriptive and easy-to-understand layout.

The internet has enabled greater reach in attracting customers, which represents a great advantage in sending business proposals and, consequently, greater chances of having a deal closed.

Social media, for example, significantly impacted the relationship between companies and consumers, relationships are closer and more direct, and companies need to adapt their processes to generate value to their potential audience to engage and attract new customers.

The AIDA model is a marketing tool that can be very useful for an organization to understand and delineate the conscious and unconscious consumer behaviors in a purchasing process and thus develop an effective strategic strategy to attract and retain customers.

Attention: It is the process that the customer gets to know the brand, and its products and services.

Interest: It is the stage where the company begins to capture the consumer's interest in its products and services.

Desire: At this stage, the consumer already knows the brand's products and services and the added benefits, which generates the desire to purchase through emotional communication developed with the brand's values.

Action: Stage where the consumer is actually motivated to make the purchase, through facilitating stimuli proposed by the brand.

Therefore, social platforms, electronic communication and web-based communication boosted business and facilitated communication with a larger base of potential customers.

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Can someone hurry and help me please!! If you answer be at least 99% sure. Thank you!
What is a likely result of an increase in trade between nations?
A. It will provide consumers with more choice at lower prices.
B. It will increase the cost of goods due to increased competition.
C. It will lower the standard of living in the weaker trade nation.
D. It will restrict the market for domestic products.

Answers

Answer:

The answer is A. It will provide consumers with more choice at lower prices.

Explanation:

Option (a), which will give customers more choices at a reduced cost, is the best choice.

What is a likely outcome of an increase in international trade?

Trade allows for the expansion of markets and access to products and services that might not otherwise be available locally. The competitiveness in the market has increased as a result of global trade. The cost of the final product for the consumer is reduced as a result of increased pricing competition.

Because it promotes market specialization, fosters innovation, and decreases the cost of commodities globally, trade is crucial for maintaining a competitive global economy. A further benefit of trade is having access to goods and services that may be more affordable and of higher quality than those that are provided domestically.

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When making a major purchase, people should
O consider their future needs.
O always finance the product.
O buy the most expensive product.
O weigh what their friends think.

Answers

Consider their future needs, you don’t want to buy something and use all your money if you need other things to

Think about their future requirements; you don't want to spend all of your money on one item if you need other items. Hence option A is correct .

Why should we purchase wisely ?

Consider your budget as a "spending plan," a technique to keep track of the amount of money you have, the expenses it must cover, and any leftover funds. Your spending plan should prioritize your "needs" before any attainable "wants." Your expenses should be at or below the level of your gross income.

Customers may choose not to purchase a good or service for a variety of reasons. Sometimes it is because they are unable to locate what they are seeking for. Others charge an excessive price. Additionally, a buyer might not always have enough faith in a company to make a transaction.

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# SPJ 5

How do economists determine whether an economy has entered a recession
in its business cycle?
O A. It alternates rapidly between periods of extreme growth and
decline.
O B. It experiences a contraction that lasts for at least two economic
quarters in a row.
C. It experiences contractions and expansions without peaks or
troughs.
O D. It has a negative value in its steady growth line for less than one
quarter.

Answers

It experiences a contraction that lasts for at least two economic quarters in a row is the correct option.

economic quarters typically determine whether an economy has entered a recession in its business cycle by analyzing its Gross Domestic Product (GDP) growth rate. A recession is generally defined as a significant decline in economic activity, typically characterized by a contraction in GDP for two consecutive quarters or more.

Economists also look at other indicators such as employment rates, consumer spending, and business investment to confirm whether the economy is in a recession. These indicators help economists understand the overall health of the economy and its ability to recover from a recession. Option A is incorrect because rapid alternation between growth and decline does not necessarily indicate a recession.

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Timothy's company manufactures denim wear for young adults. He wants to understand how the trend is moving in this market. Which business
In his distribution value chain should he consult for the best market Intelligence regarding consumer preferences?
A. manufacturer
B. vendor
C. retailer
D. customer
E. distributor

Answers

Answer:

The actual answer is retailer

Explanation:

got it right on the test (plato user)

After restarting a customers complaint the employee should A. Investigate the problem B. Take actin C. Listen to the customer D. Thank the customer for the complaint

Answers

I would say either C or D definitely one of those. Probably C. Please forgive me if I am wrong!

llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll

Answers

Answer:

llllllllllllllllllllllllllllllllllllll

Which statement WOULD NOT be true about the value of career research?

There are many careers that would support your well-being, Career exploration allows you to find the one

that pays the most so your well-being is enhanced to the highest degree.

Opinions from different people working in the occupation should be considered before ruling out a

particular career.

Current job availability and the outlook for future employment are as essential to consider as whether you

have the skills, interest and abilities to pursue a particular career.

Everyone values different aspects of an occupation. One person might value the flexible schedule a

particular job offers and another might care more about the amount of training that career might require.

Answers

Answer: There are many careers that would support your well-being. Career exploration allows you to find the one that pays the most so your well-being is enhanced to the highest degree

Explanation:

When making a career research, it's vital to consider the opinion of the people that already have that career as their occupation as they already have the required knowledge concerning the job.

Also, one should consider the availability of job, the skills, abilities that one has and the future prospects of the job.

Furthermore, we all have something we value about careers and our opinions regarding that might be different.

Therefore, the correct option is "There are many careers that would support your well-being. Career exploration allows you to find the one that pays the most so your well-being is enhanced to the highest degree". This is false.

Select the correct answer.
What is the purpose of preserving historical data?
A.
legal compliance
B.
recruitment
C.
leave sanctions
D.
payroll

Answers

Answer:

a it could be sea but I'm pretty sure it's a but I don't take business so you might not want to trust me

Answer:

A

Explanation:

i did the test

On September 3, 2018, Able, a single individual, purchased § 1244 stock in Red Corporation from his friend Al for $60,000. On December 31, 2018, the stock was worth $85,000. On August 15, 2019, Able was notified that the stock was worthless. How should Able report this item on his 2019 tax return?

Answers

He should ask them why it was worthless then after a while of thinking maybe have and idea on how to use it again

What is the difference in hormones of powerful people vs powerless? Testosterone/cortisal?

Answers

Answer: the powerless people are still very powerful with out a power vs the powerful people that have power are still weak and only powerful and strong due to the power they have.

Explanation:

i dont really know how to explain it.

Answer:

People with more of the hormone testosterone have more strength because that is the job of this specific hormone

One major advantage of pure competition compared to a monopoly is that:
O A. businesses have more incentives to keep prices low.
B. economies of scale become less important.
C. consumers have to make fewer economic choices.
D. more capital is available for research and development.

Answers

Answer:businesses have more incentives to keep prices low

Explanation:apex

Which statement best describes one way businesses participate in the
circular flow of goods?
A. Businesses trade goods between product and resource markets.
B. Businesses provide revenue to households that sell products.
C. Businesses create goods for product markets to sell.
D. Businesses provide the labor that works in resource markets.

Answers

Businesses create goods for product markets to sell is the statement best describes one way businesses participate in the circular flow of goods. Hence, option C is correct.

What is circular flow of goods?

The circular flow of goods shows the distribution of the goods and services between the production and households.

It is the never ending process of the circular flow between expenditure, income, production of goods and services.

Thus, option C is correct.

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Answer:

C. Businesses create goods for product markets to sell.

Explanation:

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