Andrew Bogut just received a signing bonus of 1,000,000. His plan is to invest this payment in a fund that will earn 8%, compounded annually.


a) If Bogut plans to establish the AB Foundation once the fund grows to 1,999,000, how many years until he can establish the foundation?


b) Instead of investing the entire 1,000,000, Bogut invests 300,000 today and plans to make 9 equal investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the 1,999,000 foundation at the end of 9 years.


Show what n, i, pmt, fv, pv would be and what journal entry would be

Answers

Answer 1

Answer:

a) If Bogut plans to establish the AB Foundation once the fund grows to 1,999,000, how many years until he can establish the foundation?

future value = present value x (1 + i)ⁿ

$1,999,000 = $1,000,000 x (1 + 8%)ⁿ

1.08ⁿ = 1.999

n = log 1.999 / log 1.08 = 9 years

b) Instead of investing the entire 1,000,000, Bogut invests 300,000 today and plans to make 9 equal investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the 1,999,000 foundation at the end of 9 years.

future value of $300,000 = $300,000 x 1.08⁹ = $599,701

you need to save $1,999,000 - $599,701 = $1,399,299

FVIFA, 8%, 9 periods = 12.488

annual savings = $1,399,299 / 12.488 = $112,051.50


Related Questions

How do manufacturers benefit from coupons?

Answers

Answer:

Key Takeaways. Manufacturers and stores benefit from the coupons they offer to consumers. ... Offering coupons is a way to market products and engage consumers. Coupons can entice customers to build loyalty with a specific company or product.

Answer:

★ They promote discounts from participating into businesses directly to consumers

Explanation:

Hope you have a great day :)

can I buy 100 stocks?​

Answers

Answer:

Maybe.

Explanation:

There are a lot factors that go into being able to purchase stocks - but the primary one would be how much money do you have to invest? I'm not sure if the question is asking if you can purchase shares of stock in 100 different companies or if you can purchase 100 shares of one company's stock. Generally speaking, in addition to the cost of the stock, you also have to pay fees in order to purchase (and sell) the stock...but these days it's somewhat possible to avoid the purchase fees with a no fee stock broker...for instance Robinhood. If you want to purchase 100 shares of stock, you need to have the money to afford to purchase it...and you also need to be old enough to open an account with a brokerage service, and you need to not work in certain industries.

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of
$322,500; materials of $405,000 and direct labor of $215,000. During the year Adams incurred $413,000 in materials costs, $414,800 in overhead costs and
$219,000 in direct labor costs. Compute the predetermined overhead rate.

Answers

Answer:

150%

Explanation:

Computation of the predetermined overhead rate

Using this formula

Predetermined overhead rate=Estimated overhead/Estimated direct labor cost

Let plug in the formula

Predetermined overhead rate=$322,500/ $215,000

Predetermined overhead rate=1.5*100

Predetermined overhead rate=150%

Therefore Predetermined overhead rate will be 150%

insurance is the way a person or business is protected from :
losing interest
losing money
losing value
losing investments

Answers

Answer:

losing money

Explanation:

Helps save you from the out of pocket expense if something bad were to happen.

For example if your roof was damaged by a natural disaster it could cost thousnads of dollars out of a persons pocket.

Insurance will pay the cost to repair it allowing you to be protected from losing money.

A company's competitive strength scores pinpoint its strengths and weaknesses against rivals and point to offensive and defensive strategies capable of producing first-rate results. determine whether a company has a cost-effective value chain. determine if the company's market opportunities are better than those of its rival. analyze whether a company is well positioned to gain market share and be the industry's profit leader. determine whether a company's resource strengths are sufficient to allow it to earn bigger profits than rivals.

Answers

Answer:

The Competitive Strength Scores

determine whether a company's resource strengths are sufficient to allow it to earn bigger profits than rivals.

Explanation:

A company's competitive strength scores show the competitive position that the company has attained against its rivals.  These scores may be measured in the greater value of the company's product or service offerings, by means of lower prices, or by the provision of greater benefits for which higher prices are charged.  They may also be measured by the company's location, delivery speed, and quality compared to its competitors.

If anyone can please help asap

Answers

Answer:

1. Negative externality: Jeff declined to buy his favorite chocolate bar because the price has increased.

2. Dollar vote: increased neighborhood crime is caused by a pawn shop.

3. Public goods: a freeway is available for all to use.

4. Positive externality: public education in the United States results in benefits for others around the world.

Explanation:

1. Negative externality: Jeff declined to buy his favorite chocolate bar because the price has increased. A negative externality arises when the production or consumption of a finished product or service has negative impact (cost) on a third party.

2. Dollar vote: increased neighborhood crime is caused by a pawn shop. A dollar vote describes how the consumer's purchasing power influences the type (quantity) of goods to be produced and supplied to the market.

3. Public goods: a freeway is available for all to use. It refers to any goods that is accessible and available to the general public at all times without an additional fee, charges or cost.

4. Positive externality: public education in the United States results in benefits for others around the world. A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.

The three main sources of international law include all of the following but

O
an executive order

O custom

O general principles of law

O a treaty

Answers

Answer:

Executive order

Explanation:

Answer:

an executive order

Explanation:

got it right on edge 2023 business law!!

10. Which type of utility do you believe has the greatest impact on price? Explain

Answers

Answer: Place utility

Explanation:

The type of utility that is believed to have the greatest impact on price is the place utility. Place utility simomy means making of goods available to the customers when they're needed.

The place or location where customers but their products is vital to customers as they put values on products based on the place utility. This can be seen as companies make sure that their products are easily accessible to their customers.

Which technologies have made global communication instant and more effective? Choose three answers.

social media
wireless devices
smart phones
automobiles
printed newspapers

Answers

The technologies that made global communication instant and more effective were social media, wireless devices, and smart phones.

The speed of communication made possible by technological developments has increased the social and economic interaction between countries, making the development of globalization possible.

Through instant communication through means that use the internet, it is possible for people to communicate from anywhere in the world quickly and cheaply.

Therefore, the effects of new communication technologies made possible business in other countries and the formation of multicultural environments.

Learn more here:

https://brainly.com/question/16499151

Answer: a b c

Explanation:

just took the unit

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Dealing with advertising clutter is one of the challenges of database marketing.


False

True

Answers

I believe it’s true
Maybe it might be true

What dynamics were used ​

Answers

Answer:

J.S. Bach used some dynamic terms, including forte, piano, più piano, and pianissimo (although written out as full words), and in some cases it may be that ppp was considered to mean pianissimo in this period.

which is am example of labeling

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Answer: A reduced price tag

Explanation:

One of the biggest reasons to create a detailed and truthful Business Plan is to make sure we can evaluate if our business will work.

A. True
B. False

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the answer is true nice

Richard has recently finished college and is about to prepare for his exam to become a certified public accountant. He wants to talk to other accountants to learn how best to prepare for this exam. Which professional organization would be most helpful for him to join?

Answers

Answer:

The accountant federation

f
Suppose human life without technology. Write a paragraph​

Answers

Answer:

Technology does not help Americans to become more intellectual it only ditures individuals from important aspects of life. By not using technology individuals are left to reflect and evolve mentally. As Americans use technology more their concern for others become less prevalent. The use of technology to make change or impact in the world will never be as effective as facing it head on. Technology can only do so such it can not bring families closer to each other or God. Therefore, Americans  need for technology does nothing but bring them farther away from their family, distract them from important aspects in the real world, and does not help them to evolve mentally at any extent. Many argue that life without technology is a happier and more advanced life all together that makes individuals reflect. Thoreau, well known transcendentalist, gives Americans needed advice by asserting “awake, not by mechanical aids(1)”, putting down technology as a whole. Americans can see technology as a corrupt power that controls and keeps them surrounded in fiction. As Thoreau goes on he gives Americans the idea that technology can not make a substantial like humans can. Near the end of the passage Thoreau gives context on mental advancement by saying “My head is hands and feet.

Explanation:

plz mark me as brilliant plz

Due to the advent of technology, the everyday life of people has undergone a drastic change. Life, in the present times, has become so much more comfortable, easy, dynamic, and fast. However, at the same time, life has also become a lot more lethargic, anti-social and preposterous like the computers that we have in our houses. Our smartphones, laptops, and other such gadgets have become a part and parcel of our lives, things that we somehow cannot live without.

It is because of innovation that human race is surviving the exceptional populace development and without it, humankind would have vanished long prior in a worldwide craving Armageddon. In any case, then again there are negative impacts of innovation waiting in our lives. By dismissing essential human and mammalian impulses like mingling, family life and physical effort, we have turned out to be manufactured and empty. Despite the fact that we are receiving rewards, we are losing the little of the valuable mankind left in our lives due to over-liberality.

Taking everything into account, innovation has influenced our lives profoundly. We just can’t envision living without it. It has expanded our life expectancy and nature of living. Where it has brought people closer in various ways, it has also contributed towards drifting people apart from each other. Without it, our lives would have been less difficult, harder, poorer, secluded, unoriginal, disengaged and perilous.

_____________ data can be obtained through the use of surveys, observation, and focus groups.

Answers

Answer:

Primary

Explanation:

Im Smart

Which of the following tasks would be a line cook's main responsibility?
O A. frying french fries
OB. chopping onions
O c. taking inventory of stocked dry goods
OD. paying invoices

Answers

Answer:

A,B,C

Explanation:

Answer:

C

Explanation:

What are three things you will need each month to balance your checking account?

Answers

Answer:

Explanation:

Balancing your account means adding up all of your debits and credits (deposits and withdrawals), then adding the result to your statement's starting balance. The result will be your current account balance. Still, balancing your checking account is a good practice.

Plz help!!!!!!!!!!!!! giving brainliest for correct answer!!! Which type of degree is earned after a master’s degree?


doctorate

secondary

bachelor’s

associate’s

Answers

Answer:

Doctorate. this helps :)

Explanation:

For tonight’s concert Harold decided to charge general admission, where all of the were the same price. He set the price at $10 and 13,000 fans showed up. What was the nights revenue

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Answer: $130,000

Explanation:

Select the correct answer.
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Olost benefits of other opportunities
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Answers

Answer:

lost benefits of other opportunities

Explanation:

Answer: lost benefits of other opportunities

Explanation:

How do you know how many items to order for your kitchen?
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1.list
projection
catalog

2.cooking
marketing
sales

Answers

Answer:

Projection and sales

Explanation:

Answer for pluto

comic books originally published in japan​

Answers

Answer:

not only Japan but also other country but most of the comic book are from japan

How do economic growth, full employment, price stability, and inflation indicate a nation’s economic health?

Answers

Answer:

Kindly check explanation

Explanation:

The state of a nation's economy is usually evaluatwd based on certain metrics which relating to the well being of its citizens, behavior of its market, finances and resources. Those metrics may include ; level or rate of inflation, employment level, level of economic growth or decline and many others. A healthy economy is one In which economic factors are in a positive state and hence its positive effects is left by the citizens in ways including the increased level of production which economically fights inflation and also helps achieve stability in terms of prices of products and commodities. Reduction in level of unemployment and increased full time jobs. Generally, a healthy nation should experience a robust economic growth and improvement.

What actions can people take to reduce hunger in local and global settings? Explain in details pls

Answers

Answer:

Kindly check explanation

Explanation:

Hunger often stems from poverty, Famine, inflation, war and so on. However, factors which often has a direct impact on food and coukd lead to hunger include poverty and Famine. To reduce or forestall this problem on a local and global scale, necessary steps which should be taken are those which tends to address the issue of food security. Which includes the empowerment of farmers and good funding and monitoring of the agricultural sector. Through this food cultivation could be done on a multi dimensional scale by providing support in terms of machinery, low interest loans in otter to enable farmers and other related stakeholders get access to the needs d capital for the development of their agricultural business. Also, good road network for easy transportation of farm produce. Alternative methods of watering such as irrigation farming should be upgraded as this could prove vital during periods of Rainfall shortage. The distribition of foods including adequate regularozation of prices is also key in other to prevent artificial inflation or scarcity in a bid to accrue higher profit.

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Answers

A marketing development strategy is important because it helps a business grow and reach new customers in a planned, structured way. Expanding your audience creates the potential for more leads, more sales, and more revenue, but in-depth research is essential to make sure there's value in targeting new customers.

Which of the following is a good inventory storage practice?
O A.
first in, first out
OB. first in, last out
OC. last in, first out
OD.
last in, last out

Answers

Answer:

B.

Explanation:

B. First in First out is good I guess

Answer:

option A: first in, first out

Explanation:

i just answered it myself, and it was the correct answer.

Answer the following question in 3-4 complete sentences.

Which is more effective in transmitting information about a bird, Brancusi’s Bird in Space or John Audubon’s Wild Turkey?

Answers

Answer:

It actually depends on the information the artist wants to transmit. As, If the artist wants to show the graceful attributes and the motion of a bird, then Bird in Space would be most effective.

Hope this helped

Hope this helped ALL THE BEST !!

Answer:

At first sight Wild Turkey by John Audubon transmits more information because of its details, colors and because it is a literal painting. However, Brancusi’s Bird in Space is a sculpture that represents the speed and movement of birds, which gives also information although it is not literal. It can have many interpretations.

Explanation:

An instrument used to enlarge or reduce a map is known as​

Answers

Answer:

pantograph

Explanation:

you can use a pantograph to do this.

what is the difference between the preservation and installment​

Answers

Answer:

Credit sales are typically of shorter duration and installment sales spread payments out over longer periods of time

Explanation:

please mark my answer as brainlist

Answer:

Explanation: An installment agreement requires the buyer of real estate to pay the seller the purchase price in installments over time; the buyer takes immediate possession of the property but the seller retains legal title as security until the buyer pays in full. An installment agreement can be a low-cost, flexible alternative to a traditional mortgage loan.

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