How much would they be able to spend for their vacation

Assignment Help Business Economics
Reference no: EM132129459

Lisa and David have been married for two years. They have just decided that summer of 2020 should be spent in Switzerland. They figured out that in order to meet the cost of the entire vacation they would only have to dedicate what they already have in their saving account now ($ 5,859.37) for that vacation, keeping their regular monthly saving during the next two years for different purposes. Given that the annual compound interest rate is 8.5%, how much would they be able to spend for their vacation?

Reference no: EM132129459

Questions Cloud

What position does the paper take : What position does the paper take? What are some the primary arguments they are making, and what reasons do they have for backing up these claims?
Highest priorities are communicated internally-externally : Describe how the highest priorities are communicated internally and externally.
Unit of measurement along the vertical axis : What does it mean when Dollars are used as a unit of measurement along the vertical axis? (Indifference curve only) Can you also show me how the graph will look
Annual compound interest rate : If the cost of vacation is $9,384.44, What would be the annual compound interest rate that would let their saving account accumulate to meet their vacation cost
How much would they be able to spend for their vacation : Given that the annual compound interest rate is 8.5%, how much would they be able to spend for their vacation?
Why does the problem exist : Why does the problem exist? Discuss the conceptual basis, the nature of the problem, and outline of the problem as defined by the literature.
The reunification of germany was major event of modern times : The reunification of Germany was a major event of modern times. Despite problems, Germany remains a major economic power.
Determine the cost trend of the intervention program : Examine who may be helped and who may be hurt by the selected government intervention. Determine the cost trend of the intervention program .
How you would apply the approach in an enterprise setting : The week's reading mentioned various methods of approach to account recovery. In your own words state what approach(s) you believe are the best approaches.

Reviews

Write a Review

Business Economics Questions & Answers

  Discuss the advantages of a bicameral legislature

The legislative branch of the American government is bicameral. In a minimum of at least two well-written paragraphs, define and discuss the advantages of a bicameral legislature, including how and why this came about. Reference should be made to the..

  Ranges of aggregate supply curve

A: Discuss the 3 ranges of aggregate supply curve. B: Explain the factors that shifts aggregate supply curve.

  About the elements of the treaty of versailles

What were the basic elements of the Treaty of Versailles (1919)? why were some critics among the allies concerned about the elements of the Treaty of Versailles? what were some of the impacts of the treaty?

  Elucidate how influences marginal profits associated

Provide an example for each about decision-making, interaction and workings or economy. Elucidate how that influences marginal profits and marginal costs associated with decision to purchase a new home.

  Discuss the importance of investment banks

What are an investment bank and what services it provides? Be sure to address the differences between the investment bank and the commercial bank and answer the question of who would use an investment bank. Also, discuss the importance of investment ..

  What is the price elasticity of demand for file folders

Suppose an office supply store increased its price of file folders from $.79/box to $.99/box and the quantity demanded decreased from 85 boxes/month to 83 boxes/month. What is the price elasticity of demand for file folders? Is the demand elastic, un..

  Publisher and the analyst making about price elasticity

In an article about the financial problems of USA Today, Newsweek reported that the paper was losing about $20 million a year. A Wall Street analyst said that the paper should raise its prices from 50 cents to 75 cents, which he estimated would bring..

  Domestic shortage or surplus

Suppose for the soybean oil market in costa rica the demand equation is P=20-0.4QD and the supply demand is P=8=0.6QS the price for the oil is $13

  How many tickets would the team sell if it behaved

1) How many tickets would the team sell if it behaved competitively? And what is the price of the ticket?

  What would be the expected cost of a 440-mgd system

If the cost-capacity exponent is 0.14, what would be the expected cost of a 440-MGD system?

  Determine the internal rate of an investment

Determine the internal rate of an investment in a $250,000 piece of machinery depreciated over a 5 year service life with no salvage value. The project horizon is 6 years. Annual revenue is $75,000 and annual operating expenses are $10,000. What’s a...

  Company toll-free number during the first

The accounting department at a mail-order company counted the following numbers of incoming calls per day to the company's toll-free number

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd