Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high school in five years. Roughly how much more will Martha need to save for one-year’s tuition to account for an annual rate of inflation of 3%?

$1,590.00
$1,255.00
$300.00
$3,000.00

Answers

Answer 1

Answer:

$1,590.00

Explanation:

Martha has $10,000 saved one. She will join college after 5 years.

Tuition for one year is $10,000. Inflation rate is 3%

The applicable formula is A = P ( 1+ r) ^n

Where A = amount after 5 years

P= principal amount $10,000

r= interest rate 3% of 0.03

n = 5 years

A= $10,000( 1+ 0.03) ^5

A = $10,000 ( 1.03)^5

A= $10,000 x 1.159

A= 11,590.00

Marthe already has $10,000. She will need  11,590.00 - $10,000 more

=$1,590.00


Related Questions

following info were supplied to you
a Cheque deposited in total of 10000
only to the extent of 4000.
required:bank bank reconciliation statement
Please help​

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Answer:

sorry I can't ans kygsstfzlfzlsrztlukyzkly

NEED ASAP
What are the steps for properly carrying an item

Answers

Answer:

Do not twist or turn the body; instead, move your feet to turn. Your hips, shoulders, toes, and knees should stay facing the same direction. Keep the load as close to your body as possible with your elbows close to your sides. If you feel fatigued, set the load down and rest for a few minutes.

Explanation:

why are improvement required in traditional technology? give two reason.​

Answers

Answer:

Technology can be used to improve teaching and learning and help our students be successful.  Instead of the teacher being the only source of help in a classroom, students can access web sites, online tutorials, and more to assist them

Explanation:

The improvement required in traditional technology is to bring it up to date. The reason behind improving or updating anything is to give it the latest version so that it will be as useful as it was earlier.

Another reason is to make it available for the usage of current consumers.

What is traditional technology?

Traditional technology refers to technology that uses late designs in the process. They were designed according to that time, when they were demanded for use.

Therefore, with the change in time, it is also required to improve traditional technology.

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In order to achieve a balanced, rapid flow through a Lean system, disruptions must be minimized. What are some causes of disruptions in production

Answers

Answer:

- Quality problems

- Equipment breakdowns

- Late deliveries from suppliers

Explanation:

The key causes of disturbances in the production would include the 'issues associated with the quality,' 'breakdowns in the equipment,' and the 'delayed delivery of raw materials from the suppliers.' These disruptions will not only affect the effectiveness and efficacy of the process but also influence the timely achievement of desired outputs and goals. Thus, in order to ensure the effective accomplishment of targets, it becomes necessary to minimize these disruptions and follow a lean and smooth system.

Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which
workers can be self-employed. Which careers have the highest and lowest self-employment rates?
O Insurance sales has the highest rates, and tax preparation has the lowest rates.
O Personal financial advising has the highest rates, and investment fund management has the lowest rates.
O Investment fund management has the highest rates, and insurance sales has the lowest rates.
O Tax preparation has the highest rates, and personal financial advising has the lowest rates.

Answers

Answer:

Its A.

Explanation:

The correct option is A.

Which careers have the highest and lowest self-employment rates?

Insurance sales have the highest rates, and tax preparation has the lowest rates. Personal financial advising has the highest rates, and investment fund manager has the lowest rates.

What do most careers in finance deal with?

A person who plans, summarizes, analyzes, and interprets accounting information. Keeps an establishment for the deposit or loan of money, or for traffic in money, bills of exchange, etc.

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Betty made a 20% profit on a residential lot she sold for $30,000. What did she pay for the property

Answers

Answer: $25000

Explanation:

From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.

Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.

120% × x = $30000

1.2x = $30000

x = $30000/1.2

x = $25000

Therefore, the amount paid for the property is $25000

Are Age, sex and race are the only characteristics in the protected class?

Answers

Answer:

Under federal law, employers cannot discriminate on the basis of race, color, national origin, religion, sex, age, or disability. The law is not, however, a blanket bar on employers taking into account a person's membership in one of these groups in all circumstances

Explanation:

can i get brainlist

Explain how labor costs affect where multinational corporations choose to make their products.

Answers

Answer:

see below

Explanation:

Multinationals are large corporations that operate in multiple countries. They have their headquarter in their home country and at least one branch in a different country. Multinationals are motivated to operate in different countries because capital is relatively mobile compared to cheaper labor and materials.

Labor constitutes a huge percentage of the company's expenses. A high wage bill may cripple the growth of a business. To avoid huge wage bills, companies expand to countries with relatively cheaper labor. A business can operate profitably by manufacturing in a country with lower labor costs.

Multinationals are known to shift operations between countries. If labor conditions are not favorable in one country, they can move to other countries with better and lower labor costs.

A dealer in U.S. government securities quotes a 5-year Treasury note at 89.12-89.16. In dollars, that represents a spread of

Answers

Answer:

0.00125

Explanation:

In order to determine the spread of the dealer's quote, there is a need to undertstand that the first price quoted is known as bid price, which is the price the dealer is willing to purchase the securities while the second one is the ask price, the dealer's selling price.

From a conventional point of view(norm), the spread is the ask minus the bid price divided by 32 as shown thus:

spread=(89.16-89.12)/32=0.00125

Select two answers
Marcus is applying for a job as a guidance counselor at a high school. Which two details should he include in his résumé?

A. his ethnicity
B. his counselor certification
C. his country of origin
D. his years of teaching experience
E. his age

Answers

B.) his counselor certification

D.) His years of teaching experience
B and d! Have a good day and good luck

brainliest for the people who no why ro/blox not working to day

Answers

Here you go, Its in the picture.

Answer:

Try updating the game

Explanation:

People need to have ____ in the economy to spend money.

A) less disposable income
B) confidence
C) purchasing power

Answers

Answer:

B) confidence

Explanation:

Consumer confidence represents the level of optimism that consumers have on the general state of the economy. Consumer confidence is an expression of sentiments that the population has on the economic prospects in the country. The consumer confidence indicator is the metric used to measure consumer confidence.

High consumer confidence indicates that consumers are very optimistic about the prospects of the economy. When confidence is high, consumers tend to spend and invest more. With low confidence, consumers save more.

The main purpose of a cover letter is to:
a. Get hired for a position
b. Be called in for an interview
C. Let yyour friends know how your job search is going
d. Obtain references from your network

Answers

Answer:

be called for an interview

Which of the following are advantages of accrual basis
accounting? (Select two answers.)
It meets GAAP standards.
It is good at tracking cash flow.
olt records transactions only when cash changes har
It allows you to track money that is owed but not yet
It means you don't have to use receipts or invoices.

Answers

Answer:

My opinion is A It meets GAAP standards.

 & D It allows you to track money that is owed but not yet

Explanation:

C It records all actions and E is required for a invoice if incase if it's over 100- 1000, to ensure it's possibly not being stolen or ensure they want this actions

Question 8
How much money will you need for retirement? Which answer is the most
correct answer?
My social security plus what I have put in a regular savings account will do
ОА.
it
OB. A good guidelines is 80% of your working income.
Three years income and the 25% I may receive from my company's
Oc.
pension plan
OD Enough money to last 20 year

Answers

Answer:

subject??

Explanation:

What is one major difference between income tax and sales tax?
A. Income tax is based on taxable income, while sales tax is based
on gross income.
B. Income tax is regressive, while sales tax is progressive.
C. Income tax is based on gross income, while sales tax is based on
taxable income.
D. Income tax is progressive, while sales tax is regressive.

Answers

Answer:

D. Income tax is progressive, while sales tax is regressive.

Explanation:

In a progressive tax system, the percentage of tax imposed increases as the taxable income rises. For income tax, progressive tax means an individual with a low income will be taxed using a lower rate compared to high earners. Progressive tax categorizes incomes into different income brackets depending on the level of income. The tax rate increases as one move from a low-income bracket to a higher one.

A regressive tax system charges a constant rate for everyone. Sales tax is a good example of a regressive tax. The tax on basic items, low-priced items, is at the same rate as expensive or high-end items. It means that low-income earners are taxed the same rate as high-income earners for all items purchased.

Prepare journal entries,On 25 September, you pay payroll for all employees, out of the company's bank account. Total gross salary was 5,750,000 and PAYE was 2,000,000. The salary is paid to the employees out of your company's bank account but PAYE payments will be made to the authorities in October.

Answers

Answer:

On 25 September, we have:

Debit Salary expenses for $5,750,000; Credit Bank for $3,750,000; and Credit PAYE payable for $2,000,000.

Explanation:

On 25 September, the journal entries will look as follows:

Date             Account Title                    Dr ($)                 Cr ($)          

Sep. 25       Salary expenses          5,750,000

                     Bank (w.1)                                             3,750,000

                      PAYE payable                                     2,000,000

                    (To record total gross salary.)                                          

Note that when the PAYE is eventually paid to the authorities in October, let say on October 5, the journal entries will look as follows:

Date             Account Title                    Dr ($)                 Cr ($)          

Oct. 05        PAYE payable                2,000,000

                     Bank                                                         2,000,000

                    (To record PAYE paid to the authorities.)                        

Workings:

w.1: Bank = Total gross salary - PAYE = $5,750,000 - $2,000,000 = $3,750,000

Goods sold to Mahesh Rs 20000 journal entries​

Answers

Answer:

see below

Explanation:

This transaction is affecting sales. It is increasing sales( revenue account) by Rs 20,000.  An increase in sales is recorded by crediting the sales account.

The goods are sold to Mahesh. It is an increase in accounts receivable ( asset account). An increase in assets is recorded as a debit to the asset account.

The Journal will be as follows.

 Mahesh A/c Dr. Rs. 30,000

   Sales A/c                                 Cr. Rs.20,000

 

List four people you know who would be good references to include on a job application. What is their relationship to you? Explain why you have selected them. ​

Answers

Answer:

Explanation:

Someone you have worked with previously (a coworker). They would be able to speak for how well you work with other people, how you contribute to the environment etc.

Boss from previous job. They can testify to the quality, quantity, regularity and consistency of work + how responsible and dependant you are.

Someone you do volunteer work with or anything extra-curricular related to job. Shows passion and character outside of a professional environment.

A teacher (if its your first job), who can show how well you learn new skills and how willing you are to be critiqued and improve.

Answer:

My friend Sanatana, we worked together really well. My other friend Feliciti, we worked on register together. My friend Daniel, he and I worked salads together. My mom, who would be a good character reference.

explain the difference between a peer to peer LAN server-based LAN

Answers

Answer:

In Client-Server Network, Centralized server is used to store the data. While in Peer-to-Peer Network, Each peer has its own data. ... In Client-Server Network, Server respond the services which is request by Client. While in Peer-to-Peer Network, Each and every node can do both request and respond for the services.

Can somebody help me figure out what he means by this assignment. Don't actually do it but like explain it to me

Answers

Answer:

It seems like u have to see what companies did to help out like did they raise how much the get paid in hour I hope this helps.

Explanation:

Which is better 21 jump street or 22 jump street?

Answers

Answer:

according to my calculation its 21.

Explanation:

"Under the Uniform Securities Act, which methods of storage are permitted to retain required records?"

Answers

Answer:

All of the options

Explanation:

These are the options for the question

I Microfilm

II Microfiche

III Digital Storage

IV Computer Tapes

Security act was set up for regulation of stock market. It should be noted that Under the Uniform Securities Act, the methods of storage below are permitted to retain required records;Microfilm

II Microfiche

III Digital Storage

IV Computer Tapes

1. State TWO responsibilities performed by a treasurer at a
meeting

Answers

The Treasurer is responsible for handling the money raised at events, making approved payments and making arrangements for counting of money at events, The Treasurer should report on the current financial position at each committee meeting and this should be recorded in the minutes.

What is gross pay?


when the cost of living rises


salary before taxes


salary after taxes


legal payment for work completed

Answers

The answer is salary before taxes

what do you mean by pricing. In what situation price is reduced​

Answers

Answer:

Explanation

Meaning that as they lower their prices, the cost per unit is lowered and therefore their profits remain the same. If the business is breaking into a new market, starting off with a very low market share, and have the financial backing and resources to offer a lower price than competitors.

Sara wants to purchase new equipment for her home office. The sales tax rate that will apply when she makes her purchase is 6%. Here is a list of items she wants to purchase:

keyboard, $9.99
mouse, $14.99
22-inch monitor, $99.99
chair, $129.99
If Sara has $275 to spend on new equipment for her home office, she ____
be able to purchase all of the items on her list because the total of her purchase after applying sales tax is ____
BLANK ONE:
Will
Will not

BLANK TWO:
$254.96
$270.26
$272.81
$277.91

$

Answers

Answers:

Blank One: WillBlank Two:  $270.26 (choice B)

=========================================================

Explanation:

Add up the prices given to get

9.99+14.99+99.99+129.99 = 254.96

This is the total amount before tax.

Now let's calculate the tax based on this subtotal.

6% of 254.96 = 0.06*254.96 = 15.2976 which rounds to 15.30. So the sales tax is $15.30 which is added on top of the previous subtotal which gets us 254.96+15.30 = 270.26

A different way to get this is to multiply 254.96 by 1.06 and you should get 270.2576 which rounds to 270.26

Assuming there are no other taxes, fees or surcharges, the value $270.26 is the grand total that Sara will have to pay if she wants all of those items.

Since $270.26 is smaller than $275, this means she will be able to purchase all of the items. Her change will be 275-270.26 = 4.47 dollars.

Which type of reference group influence usage, while creating advertisements, has raised the most ethical concerns since it plays on people's insecurities and fears

Answers

Identification influence

"Who is responsible for filing a U-5 Form with IARD when an investment adviser representative is terminated and associates with another advisory firm?"

Answers

Answer: The investment adviser that is the former employer is responsible

Explanation:

U-5 is a security industry termination form filled by the employer that terminates an individuals employment.

When the individual relates with another advisory firm, the new employer now reactivates the individuals registration by filling a U-4 with IARD. The employee is not really notified when both forms are filled

How long would it take to double your money in an account that paid 6% per year

Answers

Answer:

depending on how much you put in there to start with but 5 to 10 years

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