Answer:
Final Value= $483,603.80
Explanation:
Giving the following information:
You plan to deposit $4,700 at the end of each of the next 25 years into an account paying 10.3 percent interest
We need to calculate the final value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit= 4,700
n= 25
i= 0.103
FV= {4,700*[(1.103^25)-1]} / 0.103= $483,603.80
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Hope this answers your question :D
BTW this is my first answer
Answer:
c = 2164.16
Explanation:
GIVEN DATA:
Cash Flow= 25000
Interest rate= 10%
Total Periods= 80 - 60= 20 years
PV Ordinary Annuity
Annuity to be paid from 35 age to 60 age for amount of 212839.09
No of Periods = 60 - 35 = 25 years
Future Value = 212839.09
Interest rate = 10%
FV Ordinary Annuity 
c = 2164.16
Answer:
degree of operating leverage= 4
Explanation:
Giving the following information:
Sales in North Corporation increased from $60,000 per year to $63,000 per year while net operating income increased from $10,000 to $12,000.
<u>The degree of operating leverage is the %change in the operating income, divided by the change in sales. It measures how much of the operating income varies with changes in sales.</u>
degree of operating leverage= % change on income/ % change on sales
degree of operating leverage= [(12,000 - 10,000)/10,000] / [(63,000 - 60,000)/60,000]
degree of operating leverage= 0.2 / 0.05= 4
