Answer:
Kindly check attached picture
Explanation:
Given the following :
2013 2014 2015
Cash receipts from sales:
On 2013 sales 293,430 166,990 39,820
On 2014 sales 361,040 94,750
On 2015 sales 409,660
Cash payments for expenses:
On 2013 expenses 191,910 68,8703 4,880
On 2014 expenses 45,320 a176,560 55,130
On 2015 expenses 47,250 b222,210
Kindly check attached picture for detailed explanation
Answer:
$1,774.2
Explanation:
Compute the accumulated amount in the account on the date of last deposit'
Formula used to find out the future value ordinary annuity is:
Future value factor of ordinary annuity
1- oily Future value of ordinary annuity
Where:
R = annual return (ordinary annuity)
= future value of an ordinary annuity of I for n periods at i interest
Substituting the values:
Future value of ordinary annuity
=
=