Answer:
21 19/25
Step-by-step explanation:
21 76/100
divide 76 and 100 by 4
21 19/25
A- dot 1 . that’s the answer but it’s making me type 20 words.
1.53 rounded to the nearest tenth is 1.5
Answer:
$25000
Step-by-step explanation:
If the salvage value is 20% of the cost, then 80% of the cost will be depreciated over 10 years. Over the 5 years from Jan 1 20X1 to Dec 31 20X5, the $10,000 accumulated depreciation represents 5/10 of that 80%, or 40% of the initial cost.
$10,000 = 0.40 × cost
$10,000/0.40 = cost = $25,000
The acquisition cost of the equipment was $25,000.
Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
