2. You now have Birr 2,000,000 in the bank earning interest of .5 percent per month. You need Birr 3,000,000 to make a down payment on a house. You can save an additional Birr 10,000 per month. How long will it take me to accumulate the Birr 3,000,000?

Answers

Answer 1

The number of months that it would take me to accumulate the Birr 3,000,000 is 50 months.

How many months would it take to accumulate 3,000,000?

The equation that represents the total amount saved :

Total amount =amount invested +  total interest earned + total amount earned

Total interest earned = amount invested x time x interest rate

2,000,000 x 0.005 x m = 10,000m

Total amount earned = savings per month x total number of months

10,000m

3,000,000 = 2,000,000 +  10,000m + 10,000m

3,000,000 - 2,000,000 = 20,000m

1,000,000 = 20,000m

m = 50 months

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Related Questions

Cecilia has studied economics and knows about the value and investment potential of diamonds. The price of
diamonds has recently decreased, and a new
necklace while the prices are lower.
diamond mine has opened nearby. Cecilia decides to buy a diamond
How did Cecilia's knowledge of economics help her make a savvy commodity purchase?
• She knew that diamonds are popular and in high demand.
O She knew that diamonds are
a nonrenewable resource, making them scarce.
O She knew that the cost of diamonds depends only on the demand.
She
knew that the purchase of diamonds will satisfy wants and needs.

Answers

Cecilia knew that diamonds are popular and in high demand, hence option A is the correct answer.

The economics of Value and Investment.

The definition of value investing is the ability to identify a commodity of a good that has the potential to sell at a higher price value compared to the amount they are currently trading at.

In summary, it involves buying at a lower price and selling at a higher price.

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Answer:

A

Explanation:

what role should foreign expansion play in Starbucks' strategy?

Answers

Answer:

There are three roles that should come into play: Subsidiaries, joint ventures, and licensing. The main role that should be used is joint ventures.

Answer:

Foreign expansion will ensure that global expansions don't dilute their culture, meaning they can lead the company similar to how a small-business is lead.

You are considering the purchase of real estate that will provide perpetual income that should average $50,000 per year. How much will you pay for the property if you believe its market risk is the same as the market portfolio’s? The T-bill rate is 3%, and the expected market return is 8.0%.

Answers

We have to pay for the property if you believe its market risk is the same as the market portfolio’s.
Explanation:
CAPM(Capital Asset Pricing Model) Formula:

We know the risk-free price, return on the market, so beta (as risk on the market is the same as risk in the portfolio, beta is one) so we are trying to plug all the values in order to achieve the expected return of this investment.

We already know that we will get annually, so use the perpetuity formula:

ARTICLES OF ASSOCIATION​

Answers

Answer:

Articles of association form a document that specifies the regulations for a company's operations and defines the company's purpose. The document lays out how tasks are to be accomplished within the organization, including the process for appointing directors and the handling of financial records.

When working with a leader who is lack of leader integrity, the follower is less likely _______.

look for other job opportunities

volunteer to extra work assignments

displace aggression toward coworkers

receive mistreatments

Answers

When working with a leader who is lack of leader integrity, the follower is less likely to B. volunteer to extra work assignments.

Who is a leader?

It should be noted that a leader simply means an individual who guides others and oversees their activities to achieve a particular goal.

In this case, when working with a leader who is lack of leader integrity, the follower is less likely to volunteer to extra work assignments

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You are offered $1,000 today, $10,000 in 12 years, or $25,000 in 25 years. Assuming that you can earn 11 percent on your money, which offer should you choose?

Answers

Based on the amounts offered and their present values, the best offer is $10,000 for 12 years.

Why the second alternative can be chosen?

The second alternative is chosen, because this is chosen as it gets the higher amount of present value, the following are the calculations:

The present value of Offer 1 is $1,000. The present value of Offer 2 is $2,858 (10,000 / (1 + 11%)²)The present value of Offer 3 is $1,840 (25,000 / (1 + 11%)³)

Therefore, option 2 has the highest present value and so should be picked.

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list jobs that hire 14 years olds in harrisburg pa​

Answers

Answer:

Macdonald's

Explanation:

Macdonald's hires 14-15 year old's after school and on weekends

what is excutive branch

Answers

Answer:

The executive branch carries out and enforces laws. It includes the president, vice president, the Cabinet, executive departments, independent agencies, and other boards, commissions, and committees. :)

what role would money play in equity theory​

Answers

Answer:

I’m assuming that people might want to work more because they are basically being bribed to work.

Explanation:

they would end up wanting to work longer periods of time.

Dynamic Industries paid a dividend of $1.65 on its common stock yesterday. The dividends of Wallace Industries are expected to grow at 9% per year indefinitely. If the risk-free rate is 3% and investors' risk premium on this stock is 8%, estimate the value of Wallace Industries stock 2 years from now.

Answers

For dynamic Industries paid a dividend of $1.65 on its common stock yesterday, the value of Wallace Industries stock 2 years from now is mathematically given as

SV= 106.84

What is the value of stock in 2 years?

Generally, the equation for the rate of return is mathematically given as

Ke = Rf + risk premium

Therefore

Ke= 3% + 8%

Ke=11%

Hence

D3=Do*(1+g)^3

D3=1.65 x (1+0.09)^3

Do= 2.137

In conclusion, the value of stock in 2 years is

SV= D3/ (Ke-g)

Therefore

SV= 2.137/(0.11-0.09

SV= 106.84

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You are offered Birr 1,000 today, Birr 10,000 in 12 years, or Birr 25,000 in 25 years. Assuming that you can earn 11 percent on your money, which offer should you choose?

Answers

Based on the amounts that you are offered and their present values, the offer you should pick is Birr 10,000 in 12 years.

Which offer should you pick?

You should pick the offer with the highest present value.

Offer 1 present value:

= Birr 1,000

Offer 2 present value:

= 10,000 / (1 + 11%)²

= Birr 2,858

Offer 3 present value:

= 25,000 / (1 + 11%)³

= Birr 1,840

In conclusion, option 2 has the highest present value and so should be picked.

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Free​ Internet?
Everyone should have free Internet access to​ education, news,​ jobs, and more.

The graph plots education and news on the x​-axis and other goods and services on the y​-axis.
Draw the​ economy's PPF before the Internet and label it PPF0.
Draw the PPF after the arrival of the Internet if the effect on education and news is greater than on other goods and services. Label it PPF1.

Answers

Answer:

graph below

PPF shifted rightward, but shift on education and News is higher because effects of Internet is higher in Education and News

Explanation:

With the​ Internet, more education and news and more other goods and services can be produced. The production of other goods and services increases by less than the increase in education and news when all resources are used. The PPF shifts outward.

When purchase cost regularly rise the inventory costing method that use the highest reported net income is

Answers

The inventory costing approach that produces the largest reported net profitability while purchase costs are consistently rising is the FIFO method.

What does accounting's inventory technique entail?

Accountants eliminate their company's inventory costs and report them as the cost of goods sold for accounting valuation using an inventory cost flow assumption. These presumptions include FIFO, LIFO, and WAC as examples.

Thus,

The inventory costing approach that produces the largest reported net profitability while purchase costs are consistently rising is the FIFO method.

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Why do people donate to charitable organizations? Choose three answers.

to do what is right
to support a cause
to develop their skills
to earn college credit
to spend time with friends

Answers

usually to support a cause for a good reason hope this helps!

To support a cause do people donate to charitable organizations. Hence, option B is correct.

What are charitable organizations?

sum factor Productivity is a gauge of an economy's or business's level of efficiency. An equation that generates a number serves as the foundation for the measurement itself. The goal of TFP is to evaluate how new technology, improved processes, and improved education and training will affect overall productivity.

An economy may create and consume more goods and services for the same amount of effort when productivity is growing. Individuals, corporate executives, and analysts value productivity.

Physical productivity growth drives up the value of labor, which in turn drives up pay. Employers look for schooling and on-the-job training because of this.

Thus, option B is correct.

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71. Before businesses can effectively use relevant data, they need to determine the type of
A. information that is needed.
B. computer system to purchase.
C. report that is required.
D. collection process to develop.

Answers

A. Information that is needed

Answer:

A information that is needed

Explanation:

What trigonometric expression can be used to find the value of x? Replace a and b with the correct values.

A triangle with base side labeled 12 and vertical leg labeled x. Angle at top vertex is labeled 25 degrees. Angle at right vertex is marked right angle

Answers

The trigonometric expression that can be used to find the value of x is tan(x) = 12/x

How to determine the trigonometric expression?

From the question, we have the following parameters:

Vertical Leg = xBase length = 12Angle at the vertical side = 25 degrees

The measure of x is then calculated using the following tangent ratio

tan(x) = Base length/Vertical leg

Substitute known values

tan(x) = 12/x

Hence, the trigonometric expression that can be used to find the value of x is tan(x) = 12/x

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Recommend ways in which TQM can reduce the cost of quality

Answers

increasing workflow efficiency by solving problems fast, easing change management within your company, reducing operational errors, assisting in risk management, and improving supplier quality by making it easy to rate and communicate with suppliers.

Answer:

You can reduce the cost of quality through prevention efforts, improving worker training, and using quality management software that streamlines your quality workflow.

Please mark me as brainliest if this helped!

COST OF COMMON EQUITY WITH FLOTATION Ballack Co.’s common stock currently sells for $46.75 per share. The growth rate is a constant 12%, and the company has an expected dividend yield of 5%. The expected long-run dividend payout ratio is 25%, and the expected return on equity (ROE) is 16%. New stock can be sold to the public at the current price, but a flotation cost of 5% would be incurred. What would be the cost of new equity?

Answers

Based on the stock price of Ballack Co., the dividend, and the growth rate, the cost of new equity is 17.26%.

What is Ballack Co's cost of new equity?

This can be found as:

= (Next dividend / (Current price x (1 - floatation cost) ) + Growth rate

Solving gives:

= ( (46.75 x 5%) / (46.75 x ( 1 - 5%)) + 12%

= ( 2.33 / 44.41) + 12%

= 17.26%

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1. Why didn’t a planet form here?

Answers

Answer:

Hi!
so if you mean earth and I just have to guess about your question,

I think Earth is a planet so it would have needed to form.

Explanation:

it needed to form.

An example of a quantity restriction is
A.
price supports in agriculture.
B.
an import quota.
C.
the minimum wage.
D.
rent controls.

Answers

An example of a quantity restriction is an import quota. (Option B). See explanation for same below.

What is import quota?

Import quotat is a kind of restriction that is used to control the maount of goods that is allowed into a country.

Sometimes it is used to restrict the quality of goods whose consumption the government wants to discourage.

Hence, it is correct to state that an example of a quantity restriction is an import quota. (Option B).

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Pretty lady cosmetic products has an average production process time of 40 days. Finished goods are kept on hand for an average of 15 days before they are sold. Accounts receivable are outstanding an average of 35 days, and the firm receives 40 days of credit on its purchases from suppliers. Assume sales of $1,200,000 and cost of goods sold of $900,000. Determine the average investment in accounts receivable, inventories, and accounts payable. What would be the net financing need considering only these three accounts

Answers

Based on the sales, cost of goods, and days on average, the average investment of Pretty Lady Cosmetics is:

Average Receivables - $115,068.50.Average Inventories - $36,986.30.Average payables - $96,630.14.Net financing needs - $53,424.66.

What are the average investments for Pretty Lady Cosmetic Products?

The Average Receivables are:

40 days = Average AR ÷ (1,200,000/365)

= $115,068.50

The Average Inventories:

15 days =  Average inventory ÷ COGS per day

15 =  Average inventory  ÷ (900,000 / 365)

= $36,986.30

The Average payables:

40 days = Average payables ÷  COGS per day

40 = Average payables ÷  (900,000 / 365)

Average payables = $98,630.14

Net financing needs:

= Average Inventories + Average Receivables -  Average payables

= 115,068.50 + 36,986.30 - 98,630.14

= $53,424.66

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explain two strategy that can be used to mitigate against this economic challenge

Answers

Answer:

solo 1 :(

Explanation:Esto depende de las circunstancias de cada país, pero incluyen aplazar el pago de impuestos, otorgar subsidios salariales y transferencias monetarias a los grupos más vulnerables; ampliar el seguro de desempleo y la asistencia social, y ajustar temporalmente las garantías de crédito y las condiciones de los préstamos

Calculating changes in price level

Answers

Based on the given costs at the end of each year, the price index for all given years are:

2006 = 100.2007 = 120.2008 = 132.

What are the price indexes?

This can be found by the formula:

= Total cost in current year / Total cost in base year x 100

2006 is the base year.

Price index in 2006:

= 1,575 / 1,575 x 100

= 100

Price index in 2007:

= 1,890 / 1,575 x 100

= 120

Price index in 2008:

= 2,079 / 1,575 x 100

= 132

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Problem solving is defined as

Answers

Answer:

Problem solving is the act of defining a problem; determining the cause of the problem; identifying, prioritizing, and selecting alternatives for a solution; and implementing a solution

Millbridge Ambulance Service (MAS) has been considering consolidating its three locations into just two locations. The location MAS is considering closing currently costs $155,000 to operate. If the location is closed, the ambulances from that location would be moved to the other two locations. The savings from the closure would be partially offset by increased expenses at the two remaining locations. MAS will lose $40,000 of state subsidy if it closes the location. MAS wants to close the location only if the closure results in an overall financial improvement. The current costs of the location are as follows: The general and administrative expenses of $20,000 are an allocation of costs from the central office. The costs of the central office are not affected by the existence of the specific locations. If the location is closed, the staff will be transferred to the other two locations, and the lease will be canceled, so there will be no rent or repairs and maintenance. While it will not purchase supplies for this location, the supply cost of the other two locations will rise by $20,000. What should MAS do?

Answers

Millbridge Ambulance Service (MAS) should not go ahead with consolidating its three locations into two because it will have a negative cost savings of $5,000.

What are cost savings?

Cost savings refer to the benefits that Millbridge can realize from some actions that reduce its expenses or costs.

Cost savings are derived from cost minimization strategies.

Data and Calculations:

Salaries of staff = $80,000

Rent = $20,000

Repairs/Maintenance = $10,000

General /Administration = $20,000

Supplies = $25,000

Total = $155,000

Savings in costs:

Loss of state subsidy = -$40,000

Rent = $20,000

Repairs/Maintenance = $10,000

Supplies = $5,000 ($25,000 - $20,000)

Total savings = -$5,000

Thus, Millbridge Ambulance Service (MAS) should not go ahead with consolidating its three locations into two because it will have a negative cost savings of $5,000.

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Why does an excise tax on gasoline exist?

Answers

To fund annual highway construction, maintenance, and mass transit.

Drag the tiles to the correct boxes to complete the pairs. For each scenario match it to the correct factor describing the purpose for holding money. When price levels rise, people hold onto cash. When interest rates are low, people forgo interest income. When aggregate income is high, people hold cash to buy goods that are plentiful and cheap. When interest rates are low, people speculate that they will soon increase. Andy decided to hold his money in cash, as he did not earn sufficient money as income from interest. arrowRight Ben is a consumer and decides not to purchase luxury items because they are too expensive. arrowRight Chad thinks it to be a good opportunity to buy the products from the market as the supply has increased. arrowRight Daphne is holding onto her money as she feels that the interest rate will go up soon. arrowRight

Answers

The purpose for holding money in economic in classified into:

transactional motiveprecautionary motivespeculative motive

The Drop-downs includes:When price levels rise, people hold onto cash. - Speculative motive

When interest rates are low, people forgo interest income - Speculative motive

When aggregate income is high, people hold cash to buy goods that are plentiful and cheap - Transactional motive.

When interest rates are low, people speculate that they will soon increase - Speculative motive

Andy decided to hold his money in cash, as he did not earn sufficient money as income from interest. - Speculative motive

Ben is a consumer and decides not to purchase luxury items because they are too expensive - Speculative motive

Chad thinks it to be a good opportunity to buy the products from the market as the supply has increased. - Transactional motive

Daphne is holding onto her money as she feels that the interest rate will go up soon - Speculative motive

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what are the types of outsurance company

Answers

The main type of Insurance company includes:

General insurance companyLife insurance companyReinsurance company

What is the role of Insurance company?

These are financial institution that provide insurance covers to intending policyholders.

Therefore, the main type of Insurance company includes general insurance company, Life insurance company and Reinsurance company.

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Explain how scarcity relates to the decision you made as the president of the United States.

Answers

Because scarcity increases negative emotions, it ends up affecting one's decisions. Socioeconomic scarcity can be caused by depression or anxiety.  A president would be making decisions based on the negativity. But in the U.S.A the government deals with scarcity by implementing quotas on how much people can buy.

Hope this helps,

ROR

What results when work seeps into non-work time?

Answers

burnouts im guessing

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