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m_a_m_a [10]
2 years ago
10

If the present value of an item is P

Mathematics
1 answer:
Mumz [18]2 years ago
4 0

Answer:

<u>$50,000</u>

Step-by-step explanation:

Formula to find interest :

I = Prt

Solving :

  • I = (20,000)(0.06)(25)
  • I = (1.5)(20,000)
  • I = (30,000)

Future value :

  • P + I
  • 20,000 + 30,000
  • <u>$50,000</u>
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A company paid $150,000, plus a 7% commission and $5,000 in closing costs for a property. The property included land appraised a
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 $115,850 (70%*$165,500) is the cost for the land and $49,650 (30%*$165,500) represents the cost for the building. The total cost for the land and the building is represented by the equation $165,500 (150,000 + [7%*$150,000] + $5000). The company must gain (70% and 30%) by dividing each of the values by the total value (($87,500+$35,000)/($87,500+$35,000+$52,500)for land; $52,500/($87,500+$35,000+$52,500) for building.
3 0
3 years ago
What does 3 2/5 plus blank equals 4
Natali [406]

Answer:

3/5

Step-by-step explanation:

3+1=4

2/5+_=1

1-2/5=_

5/5-2/5=_

3/5

6 0
3 years ago
X-(-10)=-20 what is the answere?
MissTica

Answer:

x = -30

Step-by-step explanation:

x - (-10) = -20

Subtracting a negative is adding

x+10 = -20

Subtract 10 from each side to isolate  x

x+10-10 = -20-10

x = -30

8 0
3 years ago
Students are son Bementary School made $305 selling 21 equally paced boxes of candy which is the best estimate to the amount eac
Nutka1998 [239]

Answer:

the best estimate for each boc cost is $15

Step-by-step explanation:

divide 305 to 21 it is near 15

5 0
3 years ago
Nolan has a bond with a 6.1% yield, a bid price of $475, and a face value of $500. What is the original coupon rate of this Bond
Vladimir79 [104]

Answer:

5.8%

Step-by-step explanation:

Current yield = 6.1%

Face value of bond = $500

Market price of bond = $475

Let the original coupon rate be CR

Current\hspace{2}yield = \frac{Coupon\hspace{2}rate* Bond\hspace{2}face\hspace{2}value}{Market\hspace{2}price}*100

6.1 = \frac{CR*500}{475}*100

Multiply both sides by 475

6.1 *475 = \frac{CR*500}{475}*100*475

Cancel out the 475's from the top and bottom of the right side

6.1 *475 = CR*500*100

2897.5 = CR*50000

Flip the sides

CR*50000 = 2897.5

Divide both sides by 5000

\frac{CR*50000}{50000} = \frac{2897.5}{50000}

Cancel out 50000 from the top and bottom of the left side

CR = 0.0579%

CR = 0.0579 * 100      [convert decimal into a percentage]

CR = 5.79 %

CR = 5.8% [rounded off to the tenth place]

6 0
3 years ago
Read 2 more answers
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