Answer:
$159,000
Explanation:
We are going to compute an A which is equivalent to $100,000 at the end of 10 years.
Therefore:
A= $100,000 (A/F, 5%, 10)
= $100,000 (0.0795) = $7,950
Infinite series is :
P= A/i= $7,950/0.05= $159,000
Therefore the money needed is $159,000
Answer:
D. Issue a written communication expressing a conclusion about the reliability of a written assertion that is the responsibility of another party.
Explanation:
An attestation engagement which could also reffered to as assertion- based engagement could be explained as a situation wheryby a third party is allowed to evaluate a subject matter by the clients.
It should be noted that CPA is engaged to: Issue a written communication expressing a conclusion about the reliability of a written assertion that is the responsibility of another party.
Answer:
Monthly installment is $724.72
Explanation:
Given:
Amount of loan (PV) = $45,000
Time period (nper) = 6 years or 6×12 = 72 months
Since amount need to be repaid in equal monthly installment
Annual interest = 5% or 0.05
Monthly interest (rate) = 0.05 ÷ 12 = 0.0041667
Calculate monthly installment (pmt) using spreadsheet function =pmt(rate,nper,PV)
Monthly installment is $724.72
Pmt is negative as it is a cash outflow.
Answer:
Explanation:
Block on the table m(A) = m1,
block on the cord m2,
the coefficient of static friction is k1=0.4,
the coefficient of kinetic friction is k2 =0.28
(a)
Block A:
T = F(fr) = k1 •N = k(s) • m1 •g,
Block B: T = m2•g.
k1 • m1 •g= m2•g,
m1 = m2/k(s) = m2/0.4.
(b)
Block A:
T = F(fr) = k2 •N = k2 • m1 •g,
Block B:
T = m2•g.
k2• m1 •g= m2•g,
m1 = m2/k2 = m2/0.28.
