If we're expecting 7.5% of an increase of our $3,000 in 40 years, then we need to figure out how much of an increase we will get for the 5 plus years.
1.We're constantly dividing until we get the left side to 5 (years).
7.5% -- 40 (Half of 40 is 20, so let's divide by 2 on both sides)
3.75% -- 20 (Half of 20 is 10, so let's divide by 2 on both sides)
1.875% -- 10 (Half of 10 is 5, so let's divide 2 on both sides)
0.9375% -- 5 (We've reached our goal!)
2. Now we have to plug in.
$3,000 x 7.5 = 22,500 (Initial)
Our New Problem with 45 Years Total:
Answer: $3,000 x 8.4375 = $25,312.5
(I never completed a problem like this before, so I hope that this helps. Goodluck.)
You've joined the American Emu Association and have arrived at its annual conference. You see a man standing off to the side and decide to practice your networking skills on him. What is the best way to make contact?
C. Strike up a conversation and tell him something about your
business. is the correct answer
as their financial advisor what part of jim and Jack financial plan would you encourage them to work on
Encourage Jim and Jack to focus on analyzing their financial situation, seek expert guidance, and prioritize wealth management.
Financial Planning: As their financial advisor, I would encourage Jim and Jack to work on analyzing their current financial situation. This involves assessing their income, expenses, assets, and liabilities to set clear financial goals and create a strategic plan.
Expert Guidance: They should seek the help of a financial expert who can assist in developing a long-term financial plan, aligning with their goals for the next 5, 10, 15, and 20 years.
Wealth Management: Emphasize the importance of treating their money with dignity and respect, which can lead to better financial outcomes.
To build a child's skills in self-regulation, you should make reasoning statements. Which of the following is not a good reasoning statement?
A.We eat fruit at snack time because it helps keep our bodies healthy.
B. If we don't hurry, we're going to be late for school and you'll miss singing your
favorite song.
C. You must put your sweater on because I said so.
D. Everyone must go outside together because there's no adult staying inside.
what is a major drawback of sole proprietorship?
Answer:
owner takes all the risks an liability
Explanation:
The primary drawback of a sole proprietorship is the proprietor's unlimited personal liability. This means the proprietor's personal assets could be at risk if the business faces financial or legal trouble.
Explanation:The major drawback of a sole proprietorship is the unlimited personal liability. Under a sole proprietorship, the business owner is directly responsible for all the debts and liabilities of the business. In other words, if the business can't pay its debts or if it faces legal action, the owner's personal assets (e.g., home, car, savings) could be targeted to cover those obligations.
For instance, if a customer is injured in the course of doing business with the proprietor, and files a lawsuit, the proprietor’s personal assets can be at risk. While this arrangement provides the owner with full control and all profits, it also places a potentially significant burden on them in terms of financial and legal responsibility.
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Why is it important to know the interest rate on your credit card?
The higher the interest rate, the more money you will be paying back
The higher the interest rate, the less money you will be paying back
The lower the interest rate, the more credit you can open
The lower the interest rate, the more money you can spend
Answer:
The answer is option A: The higher the interest rate, the more money you will be paying back.
Explanation:
I took this exam and got an 100
Which of the following actions can NEGATIVELY impact your credit score? You disputed an item on your credit report. You forgot to pay the cable bill. You paid all your bills in cash. You use a small amount of your available credit.
Answer:
You forgot to pay the cable bill.
Explanation:
Credit score is a tool that aggregates your entire credit history. This is to signal the market whether you are a good payer or not. For each time you use more credit and pay on time, the higher your score tends to be. However, when you forget to pay a bill or a loan installment, your score is negatively affected. Companies will not know it was an oversight, their interpretation will be that you were unable to pay the bill and tend to be a bad payer. That's why it's important to keep reminders of your accounts expiring to avoid this kind of situation.
Anastasia makes a good salary but wants to be sure she has good credit so she can buy a condominium when she has saved enough money for a down payment on a mortgage. What is the best thing she can do to improve her creditworthiness?
She should take out more debt to improve her credit score.
She should pay down her student loan and credit card debt.
She should apply for more credit cards to improve her credit history.
She should get a second job to make more money.
The answer is "She should pay down her student loan and credit card debt".
Student loans and credit cards are two of the most broadly held kinds of debt — and two of the most hard to reimburse. Concentrating on one obligation at any given moment is the best method to satisfy numerous obligations. Utilizing this system, you'll make enormous, singular amount installments to only one explicit obligation and least installments on all the others. Making sense of whether to pay off student loans or credit cards initially can be extreme.
How has Groupon effectively used personal selling, advertising, and public relations to market its products?
Final answer:
Groupon has utilized personal selling, advertising, and public relations to market its deals to consumers and merchants, focusing on tailored interactions, broad-reach advertisements, and a positive brand image to drive sales and influence consumer behavior.
Explanation:
Groupon, the e-commerce marketplace connecting subscribers with local merchants, has utilized various marketing strategies to sell its products effectively. Personal selling has been used by Groupon through direct interactions with merchants to tailor their deals and ensure they meet the needs of both businesses and customers.
Moreover, advertising has been a crucial strategy for Groupon, which harnesses the power of broad reach through various channels such as online ads, emails, and mobile app notifications to entice consumers with time-sensitive deals.
Another pivotal element in Groupon's marketing mix is public relations. Groupon has crafted its brand image and maintained customer relations by engaging in community events, social media marketing, and leveraging positive press coverage. These efforts often involve sharing success stories or unique experiences provided by their service, enhancing the brand's visibility and reputation.
The product, owned by Groupon, benefits from these marketing efforts as they drive sales, increase the customer base, and improve merchant relationships. The goal is not only financial gain but also the creation of a robust market ecosystem. By offering attractive deals, Groupon influences consumer behavior and societal shopping trends, capitalizing on the consumers' desire for value and convenience.
What are some short term goals and long term goals for high school students?
For high school students, short-term goals might include achieving good grades and completing assignments, while long-term goals might include college planning and career choice. These goals both affect immediate academic success and long-term financial stability. Setting SMART goals can further help students make sound decisions about their future.
Explanation:For high school students, both short-term and long-term goals can play a significant role in their educational journey and future career. Short-term goals could include achieving good grades in a specific class, completing assignments on time, or preparing for an upcoming exam. These goals are important to maintain a good academic standing and can positively affect a student's immediate educational path.
Long-term goals could involve planning to attend college or vocational training, deciding on a future career path, or setting financial strategies such as creating a budget or building credit. These decisions can greatly impact a student's overall economic success and future lifestyle. As the future extends beyond high school, these goals will help guide students toward their desired lifestyle and career path.
It's essential to set SMART (Specific, Measurable, Attainable, Realistic, and Timely) goals because they can help you make analytical and rational decisions for your future. The practice of setting both short-term and long-term goals promotes a sense of responsibility, focus, and motivation which are crucial skills required not just in high school, but also in college, in career development, and in life in general.
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Persuading or convincing others to accept your argument means the reasoning must be logical. Which of the following is an example of logical flaws or fallacies?
The fallacy of the statement ‘Your grandfather died in World War II; you of all people should support veterans" is the support of the veterans. His grandfather was killed by the veterans and the narrator wanted him to support the veterans. This is an example of persuading an argument that is not logical and invalid.
Which events could cause the increase in demand shown on this graph? Check all that apply.
a product becomes more popular
the number of consumers interested in a product drops
a company’s competitor lowers its prices
a company offers a better product than its competition
the price of the product has gone down
What is behavioral finance? What does behavioral finance have to do with personal and family finance?
Answer:
Behavioral finance is the branch of economics that studies how people make financial decisions. These finances are related to personal and family finances, because these are factors that directly influence an individual's economic decisions.
Explanation:
Behavioral finance is an area of studies in Economics that aims to understand the decisions that people make in the financial sphere, from the very structure of human behavior, their motivations and, in general, from Psychology. These decisions are directly linked to personal and family factors and therefore we can say that they are related to personal and family finances.
At different times, these two sciences (economics and psychology) "flirted", without ever fixing a point truly common to each other. In particular, because for a long time Economics saw the components it studied following the ideal of Homo Economicus, that is, that of a human being who produces and consumes following only his own rationality.
Increasing the government budgetary surplus or decreasing the deficit is desirable in a period of?
Which of the following are acceptable to use as references on a resume/job application? A. Past employers B. Teachers C. Family members D. A and B only E. A, B and C
Acceptable references on a resume/job application are past employers (A) and teachers (B), making the correct answer D. Family members should not be used as professional references unless there is no work experience to draw from.
When it comes to selecting references for a resume/job application, the acceptable choices are typically past employers and teachers. Family members are generally not considered professional references unless you lack any paid work experience and need someone to vouch for your character. References are individuals who can attest to your qualifications, work behavior, and skills. A reference might be a direct supervisor, colleague, former client, or instructor. Make sure to ask for their permission to use them as references and ensure your reference sheet is consistent with the style of your resume and cover letter.
It is advised to not list references directly on your résumé, but rather provide them on a separate sheet when an employer requests them. Typically, providing three references is sufficient. It's important to select people who are willing to serve as references and can give positive and relevant accounts of your work history. They should be informed that they may be contacted by the employer once you have provided their details.
If your credit reports show different scores, what should you do?
Which type of question best fits the purpose of an interview
An open-ended question
A yes or no question
A background question
A true or false question
The answer is an open-ended question. I just took this
An open-ended question, is a type of question best fits the purpose of an interview. Thus, option (a) is correct.
What is interview?The term interview refers to a formal meeting with the involvement of two people as interviewer and interviewee. The interviewer is one who asks questions and the interviewee is one who answers questions. The conversion is related to the skills, knowledge, and experience related to the job.
According to the preparation for interview are the open-ended question was the based on the interview. The portfolio contains information related to achievements, skills, knowledge, working experiences, and some personal details. The simply yes and the no. It was also the based on the portfolio read and the then the question.
As a result, the significance of the open-ended question in the interview was the aforementioned.
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a positive result from the scientific management approach is an increase in
If you are interested in general management, the best career cluster for you might be
Answer:Businesses Management and Administration
Explanation:
Expenses, such as depreciation on buildings are also known as variable expenses. t or f?
The statement “Expenses, such as depreciation on buildings are also known as variable expenses.”, is false, due to the fact that depreciation is a fixed cost since throughout its useful life as an asset, it reoccurs in the same amount per period, and thus, depreciation cannot be considered a variable cost. Nevertheless, as with all things, there is an exception. The depreciation will be sustained in a pattern that is more consistent with a variable expense, only if a business recruits a usage-based depreciation methodology.
To add, the corporate expense that alters with the company’s production output is called the variable cost.
determine the time (in a years and days) it would take for a $36,000 loan at a rate of 3% to cost the borrower $400 in interest?
When is a wrecker considered to be an emergency vehicle
I believe the answer is: its emergency lights are flashing
When is emergency lights are flashing, the wrecker would most likely driving toward the area where accidents happen, and they would be used to drag out ruins or the heavy vehicles that collided on the sites. Because of this, we need to provide space for the wrecker to pass if it shows its emergency lights.
Different beverages may be absorbed a slightly different rates because of _________?
I believe the answer is: the drinks' chemical makeup
In this case, Chemical make up refers to relative amount of the elements that make up the whole beverages. The digestion of beverages that come into our body is being done through the process of osmosis. In general, the drinks that have the closest chemical makeup with the blood in your body tend to be absorbed faster compared to those that don't/