You need $77,000 in 12 years. if you can earn .44 percent per month, how much will you have to deposit today?

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Answer 1

Final answer:

To have $77,000 in 12 years with a 0.44% monthly interest rate, you would need to deposit approximately $41,777.09 today. This is calculated using the present value formula for compound interest.

Explanation:

To determine how much needs to be deposited today to have $77,000 in 12 years with a monthly interest rate of 0.44%, the present value formula for compound interest needs to be used.

The formula for the present value compounded monthly is:

PV = FV / (1 + r)n

Where:

PV = Present Value

FV = Future Value ($77,000)

r = monthly interest rate (0.44% or 0.0044)

n = total number of months (12 years x 12 months/year = 144 months)

Plugging the values into the formula:

PV = $77,000 / (1 + 0.0044)144

Now we calculate the present value:

PV = $77,000 / (1.0044)144

PV = $77,000 / (1.843417)

PV = $41,777.09 approximately

Therefore, you would need to deposit approximately $41,777.09 today to have $77,000 in 12 years at a monthly interest rate of 0.44%.

Related Questions

You are the head of the federal agency ultimately responsible for deciding if exon-skipping drugs are approved for use. who do you work for?

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Food and Drug Administration(FDA) The FDA is in charge of ensuring and advancing general wellbeing through the control and supervision of sustenance security, tobacco items, dietary supplements, solution and over-the-counter pharmaceutical medications (drugs), antibodies, biopharmaceuticals, blood transfusions, restorative gadgets and other related items

What is the definition of Micro vs. Macro?

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micro is a unit prefix in the matrics system and macro is a single instruction that expands automatically into a set of instructions

Final answer:

In biology, 'micro' and 'macro' refer to different levels of biological organization, specifically focusing on microorganisms and larger organisms, respectively.

Explanation:

The terms 'micro' and 'macro' can be used in various subjects, and their meanings differ depending on the context. In biology, 'micro' and 'macro' are often used to describe levels of biological organization. Microbiology focuses on the study of microorganisms, such as bacteria and viruses. On the other hand, macrobiology deals with larger organisms, including plants, animals, and humans.

Importance of Microorganisms:

Microorganisms play crucial roles in various ecological processes, including nutrient cycling, decomposition, and symbiotic relationships with macroorganisms. They also have significant applications in fields like medicine, agriculture, and biotechnology.

Holistic Understanding:

To gain a comprehensive understanding of ecosystems and biological systems, scientists often need to integrate knowledge across micro and macro scales, recognizing the interdependence and interactions between different levels of biological organization.

Understanding the distinctions between micro and macro levels of biological organization is fundamental in biology, as it enables scientists to appreciate the diversity of life and the intricate relationships that exist within ecosystems.

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On may 1, vaya corp. had a beginning cash balance of $320. vaya's sales for april were $330 and may sales were $450. during may, the firm had cash expenses of $175 and made payments on accounts payable of $260. vaya's accounts receivable period is 30 days. what is the firm's beginning cash balance on june 1?

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To determine the June 1 balance, cash expenses and accounts payable for May are counted as is the sales figures for April. May's figures do not take effect. In this case, then, the equation would be (320 - 175 - 260 + 330). This will give a beginning balance on June 1 of $215.

Starr is an agent of a disclosed principal, maple. on may 1, starr entered into an agreement with king corp. on behalf of maple that exceeded starr's authority as maple's agent. on may 5, king learned of starr's lack of authority and immediately notified maple and starr that it was withdrawing from the may 1 agreement. on may 7, maple ratified the may 1 agreement in its entirety. if king refuses to honor the agreement and maple brings an action for breach of contract, maple will

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If these are the missing choices:
a. Lose since the May 1 agreement is void due to Starr's lack of authority.
b. Prevail since Maple's capacity as a principal was known to Starr.
c. Prevail since the agreement of May 1 was ratified in its entirety.
d. Lose since King notified Starr and Maple of its withdrawal prior to Maple's ratification.

My answer is D.
Maple will lose since King notified Starr and Maple of its withdrawal prior to Maple's ratification.

King, the third party, may withdraw from a transaction or agreement entered into with an agent, Starr, who exceeded her authority at any time prior to the principal's, Maple, ratification of the agent's unauthorized acts.

In the above scenario, King notified Maple on May 5 of King's withdrawal from the agreement on May 1, six days before Maple's attempted ratification on May 7. Thus, Maple's action will fail.

You place half your wealth into tivo stock and the other half into intel bonds. tivo stock's beta = 1.2 and intel bonds' beta is 0.90. calculate the portfolio beta

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Weight to wealth in the tivo stock = w1 = 0.5

Weight to wealth in intel bonds = w2 = 0.5

Tivo stock beta (beta1) = 1.2

Intel bond beta (beta2) = 0.90

Portfolio (beta) = w1beta1 + w2beta2 = 0.5 x 1.2 + 0.5 x 0.9

The answer is 1.05

During the current year, the total assets of mifflinburg corporation decreased by $60,000 and total liabilities decreased by $300,000. the company issued $100,000 of new stock, and its net income for the year was $250,000. no other changes to stockholders' equity occurred during the year.determine the dollar amount of dividends declared by the company during the year.

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the corporation decrease would lead to the

The dollar amount of the dividend declared via the company is $10,000.

The calculation of the dividend declared amount is as follows:

= Increase in equity + increase in retained earnings - decrease in liabilities - Net increase in assets

= $100,000 + $250,000 - $300,000 - ($100,00 - $60,000)

= $100,000 + $250,000 - $300,000 - $40,000

= $50,000 - $40,000

= $10,000

Therefore we can conclude that the dollar amount of the dividend declared via the company is $10,000.

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Location-based social networking apps such as foursquare reward customers for

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Location-based social networking apps such as foursquare reward customers for VISITING THEIR SITES BY GIVING LOYALTY POINTS, COUPONS, SPECIAL REWARDS, ETC. These allow customers to view new stores locally and on the app too. They promote their websites and products online and reward customers for using their apps.

Janet, a manager at hollyoak systems, is known for her passionate and people-friendly ways. janet knows all her employees well and trusts them to do the right thing for the company. any new project starts with an initial briefing from her, after which the teams are given complete freedom to determine the tasks and timeline for that project. from time to time, janet gives the teams feedback about the progress of their projects. in this scenario, janet can be regarded as a(n):

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Based on the scenario above, Janet can be regarded as an Free-rein learder. Janet has the authority style where subordinates are not straightforwardly managed and rather should work on possess and demonstrate their value through achievements. No particular supervisory criteria must be met.

Janet can be regarded as a free-rein leader because she gives the flexibility to her team to take decisions and make plans by themselves.

Further Explanation:

Leader: A leader is a member of the group who guides or motivates the other team-members towards the accomplishment of the goals. Various leadership styles are adopted by the leader to influence the people. The Leadership styles are:

• Democratic Leadership: In this type of leadership style, the leader decides against taking inputs from the team member.

• Autocratic Leadership: In this type of leadership style, the leader decides against taking inputs from the team member.

• Laissez-Faire: Leadership: In this type of leadership, the team member can make their own decisions, and the leader only gives them feedback.

• Transformational Leadership: In this type of leadership, the leader focus improvement of the team members' performance.

• Transactional Leadership: In this type of leadership, the leader rewards their employees only for the work they do.

Therefore, Janet is a free-ringleader as she practices the laissez-faire of leadership.

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Answer details:

Grade: Senior School

Subject: Business Studies

Chapter: Leadership

Keywords: Janet, a manager, at, Hollyoaks, systems, passionate, and, people-friendly, ways, employees, trusts, initial briefing, teams, complete, freedom to determine the tasks,project,from feedback, progress, scenario.

Discuss several issues that influence the organization of logistics activities within a firm.

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The organization of logistics activities within a firm is the integration of work roles. It can be fragmented when the activates are managed in groups and several locations or unified, in one group and at one location.
Some of the issues that influence the organization of logistics are number of employees , location and the size of organization.

Matt recently deposited $20,000 in a savings account paying a guaranteed interest rate of 4 percent for the next 10 years. (do not round intermediate calculations. round your answers to the nearest whole dollar amount.)required:if matt expects his marginal tax rate to be 20 percent for the next 10 years, how much interest will he earn after-tax for the first year of his investment

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The interest of Matt if he expects his marginal tax rate to be 20% for the next 10 years, will he earn after-tax for the first year of his investment is $640. The after-tax of the first year of Matt investment will be 640 dollars.

How did whirlpool use capabilities of text analytics to better understand their customers and improve product offerings?

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Whirpool use the competences to enhanced their understanding of their customers and develop product offerings by as we know that Whirpool Corporation takes a cooperative approach to social media networks, with the Digital Marketing, Public Relations, and Customer Care teams all concerted effort to make available a reliable and trustworthy brand voice to its customers.

According to skinner, __________ strengthens a behavior by making the avoidance of an undesirable consequence contingent on its occurrence.

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the answer to this question is Negative Reinforcement
On example of a negative reinforcement is if you spank your children everytime they neglected their homework.
Doing this will make your children associate the act of neglecting homework with pain which make them more likely to never neglect their homework agian.

Katya is developing a business message about a green initiative that her company is hoping to launch. in the process of creating the business message, she studies the background of the employees and considers their needs and priorities. this action belongs to which step of the aim planning process?

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This action belongs to the ANALYZE STEP of the AIM planning process.
AIM planning process is a methodology that is used to bring structure to process improvement and problem solving. It is made up of three steps which are analyze, improve and monitor. The analyze step examine the problem for clues about how to solve it, the improve step eliminates the service gap and add improvements while the monitor step ensures that the improvements are working.

Final answer:

Katya is in the 'Audience Analysis' step of the AIM planning process for business messages, where audience needs and values are considered to ensure message resonance.

Explanation:

In the AIM planning process for generating effective business messages, Katya is operating within the 'A' step, which stands for Audience Analysis. This step involves understanding your recipients' needs, values, and potential feedback to the message. By studying the background of her employees and considering their needs and priorities, she's ensuring her message regarding a green initiative resonates with them. The other steps in the AIM Planning Process include 'I' for Idea Development and 'M' for Message Structuring.

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A good way to prevent encoding failure is to actively think about the information to be learned, a process known as

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Active learning is a good way to prevent encoding failure. Encoding failure is described as the brain occasionally being unable to make memory links. Active learning engages both the concious and unconscious mind so that making those memory links is easier.

How sustainable is any competitive advantage for rice epicurean? for mywebgrocer?

Answers

A competitive advantage is picked up when a firm procures ascribes that enable it to perform at a more elevated amount than others in a similar industry. Building up a maintainable, upper hand requires client dedication, an awesome area, one of a kind stock, legitimate dispersion channels, great seller relations, a notoriety for client benefit, and different wellsprings of favorable position. On the quality of data above, Rice Epicurean ought to build up a Customer Relationship Management framework for observing client inclination, devotion, and input

(2 pts) "a study of norway's railways revealed that, for rides up to 60 km, the price elasticity of the volume of passenger demand was approximately −0.4. estimate the percent change in demand when the fare is increased by 10%"

Answers

The price elasticity of demand is actually the ratio of change in quantity demanded over the change in price, so it is mathematically written as:

PED = % change in demand / % change in price

Therefore calculating for % change in demand:

- 0.4 = % change in demand / 10%

% change in demand = - 4%

So there is a 4 percent decrease.

Final answer:

The demand for rides up to 60 km on Norway's railways is estimated to decrease by 4% when the fare is increased by 10%, based on the price elasticity of demand of -0.4.

Explanation:

The question relates to the concept of price elasticity of demand, which is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price. The price elasticity of demand is approximately −0.4 for rides up to 60 km on Norway's railways. If the fare is increased by 10%, we can estimate the percent change in demand by multiplying the price elasticity of demand by the percentage change in price.

To calculate the expected percent change in demand if the fare is increased by 10%, use the following formula:

Percent change in demand = Price Elasticity of Demand × Percentage change in price

Percent change in demand = −0.4 × 10%

Percent change in demand = −4%

Thus, the demand is estimated to decrease by 4% when the fare is increased by 10%.

Mary is an authorized user on her parents' credit card. What may happen if Mary doesn't use the card in a responsible way?

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If Mary doesn't use the card in a responsible way, there's a possibility that Mary will spend more than what her parents allowed her to spend. Therefore, giving more payment duties to her parents which could also result to debt if the amount spend is too much.

The answer is: Mary and Mary's parents' credit may be damaged

Even though Mary is an authorized user of the card, the credit history from the credit card that Mary use is still tied to her parent's name.

This mean that if Mary do fiscally irresponsible behavior such as maxing out the credit cards, or keep losing it, her parents' credit score would plummet and it would be hard for them to obtain loans in the future.

In a free recall task, an individual is asked _____. to recall as much information as possible about a particular topic in any order to recall a series of items or numbers in a particular order to recall pairs of items that had been previously memorized to select the correct answer from a range of alternatives to reproduce information that has been previously committed to memory

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Free recall by definition, is a psychological recall task that asks participants to recall as many stored items as possible in ANY ORDER. Therefore the best answer here is 'to recall as much information as possible about a particular topic in any order'

When a case is appealed, the court of appeals decides the case solely based upon?

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Question of law, also known as point of law. It is a question that must be answered by applying relevant legal principles to interpretation of the law. Answers to questions of law are normally expressed in broad legal principles and can be applied to many situations rather than particular circumstances or factual situations.

Increasing your 401k deduction will _____ your take home pay and ____ your federal taxes in the current year

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Increasing your 401k deduction will DECREASE your take home pay and DECREASE you federal taxes in the current year. 401k deductions are essentially the amount of money taken out of each pay to be placed in a simple retirement plan. These deposits are non-taxable. Because of this, by increasing one's 401k deduction, one will not be receiving the maximum take home pay, however, they will have a lower amount of their pay going towards federal taxes for that year.

Increasing W-4 allowances will ________ the net pay in your paycheck and ______ your total tax burden

Analyzing the behavior of the firm enhances our understanding of
a. what decisions lie behind the market supply curve.
b. how financial institutions set interest rates.
c. whether resources are allocated fairly.
d. how consumers allocate their income to purchase scarce resources.

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Analyzing the behavior of the firm enhances our understanding of what decisions lie behind the market supply curve.
Answer:D
Where the market supply curve is curve that depicts the positive relationship between price and quantity supplied

When the fed increases the money supply short-term interest rates tend to decline?

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This is absolutely true. The more abundant the supply of cash, the less demanding it is for organizations and people to want to get help from any lending institution such as banks because their spending power is increased and they have enough money to run their businesses and take care of their monetary problems.

The taxpayer's marginal tax bracket is 25%. which would the taxpayer prefer?

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The taxpayer would prefer a $1.40 of taxable income rather than a $1.00 tax-exempt income. The explanation behind this is the $1.40 of taxable income is greater and better after tax compared to the $1.00 in taxable income. It is computed by [(1-.25) ($1.40) = $1.05.

1. _______ refers to care of a child in someone else's home. A. Nursery school B. Family child care C. In-home care D. Home child care

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B) Family child care refers to care of a child in someone else's home. This is like a day-care that exists in someone's place of residence. Usually there are a number of children enrolled at once, and the care-taker makes the home more suitable to the purpose, ensuring child safety and that there are plenty of activities to stimulate the children.

The correct answer is B. Family child care

James is a software engineer at hp and has a substantial background in microprocessors. although james is not a manager, he is heading a team that includes managers from different departments. this is an example of __________ power.

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The answer is expert power. James were given to be the head of the team even if he is not a manager because an expert power is which an individual is likely to be given position or praise because of a person’s capabilities in a certain field in which James has a substantial background in terms of microprocessors.

The polluter-pays principle places moral responsibility on corporations for what?

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For their past pollution, is what the polluter-pays principle places moral responsibility on corporations. The polluter needs to pay principle places moral responsibility on corporation because they need to increase the result of their past pollution not to be worse. So the answer in this question is for their past pollution.

Chloe advertises on the radio that she is selling a car guaranteed to get thirty-five miles per gallon. chloe knows that the car will not do what she claims it will. chloe may be successfully prosecuted:

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Chloe may be successfully prosecuted ON THE BASIS OF MISINFORMATION.
As a marketer, it is a legal crime to pass across information that is not correct to a buyer in order to sell your goods, when you know fully well that you are lying and those information are not correct. A person who pass across incorrect information about a product can be prosecuted on the basis of misinformation.

The university system of georgia's cio believes the best way to collaborate with 31 independent-minded university cio's is to look for scenarios where three to five universities are planning to purchase the same product and therefore can consolidate their buying or centralize their service. one specific example of how the cio utilized this strategy to resolve a problem was to develop a centralized system for _________.

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The university system of Georgia's CIO believes the best way to collaborate with 31 independent-minded university CIO's is to look for scenarios where three to five universities are planning to purchase the same product and therefore can consolidate their buying or centralize their service. One specific example of how the CIO utilized this strategy to resolve a problem was to develop a centralized system for student registration.

To obtain maximum benefit from a bank reconciliation, the reconciliation should be prepared by the employee authorized to sign checks. true false

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This statement is false.
Regardless of whether the employee authorized to sign checks prepared your reconciliation or not, you won't obtain more benefits from a bank reconciliation. It will not affect your benefits in any way no matter who prepares the reconciliation.

In reviewing the accounting records of the transportation services fund, an internal service fund of douglas city, you notice that the fund uses budgetary accounts. this is most likely because

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The reason why the fund uses the budgetary accounts because it is most likely needed that the funding budget to be approved legally by the city council in order for the budget funds to be used by the members or people responsible of handling the budgets.

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