Your grandfather wants to establish a scholarship in his father’s name at a local university and has stipulated that you will administer it. As you’ve committed to fund a $25,000 scholarship every year beginning one year from tomorrow, you’ll want to set aside the money for the scholarship immediately. At tomorrow’s meeting with your grandfather and the bank’s representative, you will need to deposit how much money so that you can fund the scholarship forever, assuming that the account will earn 4.50% per annum every year?
a. $111,111
b. $88,889
c. $100,000
d. $133,333
Oops! The bank representative just reported that he misquoted the available interest rate on the scholarship’s account. Your account should earn 3.50%. The amount of your required deposit should be revised to:
a. $60,715
b. $53,572
c. $71,429
d. $67,858
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 07:30, cherylmorton7302
What is the relationship between the national response framework and the national incident management system (nims)? a. the national response framework replaces the nims, which is now obsolete. b. the response protocols and structures described in the national response framework align with the nims, and all nims components support response. c. the nims relates to local, state, and territorial operations, whereas the nrf relates strictly to federal operations. d. the nims and the national response framework cover different aspects of incident management—the nims is focused on tactical planning, and the national response framework is focused on coordination.
Answers: 3
Business, 22.06.2019 11:30, pettygirl13
Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.
Answers: 1
Business, 22.06.2019 23:40, step35
When randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. at first randy thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. randy was able to discover the cause of the problem by utilizing skills.
Answers: 2
Business, 23.06.2019 04:20, babycakesmani
Question 1 2 points is the concern of business for the long-range welfare of both the company and its relationships to the society within which it operates
Answers: 1
Do you know the correct answer?
Your grandfather wants to establish a scholarship in his father’s name at a local university and has...
Questions in other subjects:
Chemistry, 13.01.2021 17:50
Physics, 13.01.2021 17:50
Biology, 13.01.2021 17:50
