Answer:
$10,883
Explanation:
n = 31 years
Future value (FV) = 1,980,000 (The amount you need in 31 years for retirement)
i/r = 10% (given)
Present value (PV) = 0 (You have just started your job and have not reserved any amounts for retirement)
PMT (Monthly deposit needed) = ?
By using financial calculator, PMT = $10,883
At the end of given period the gross profit method is required to estimate inventory.The valuation become invalid when the following are not available.the value for the beginning of inventory,records of purchase made, the total sale during the period and the gross profit margin.
Had to look for the options and here is my answer:
Because of the existence of diminishing returns to capital, increasing the physical capital amount by two that is available for one worker to utilize will enlarge the outcome by less than a factor of two.
Answer:
approximate YTM = 7.48%
Explanation:
the approximate yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
approximate YTM = {$80 + [($1,000 - $1,050)/15]} / [($1,000 + $1,050)/2]
approximate YTM = ($80 - $3.33) / $1,025
approximate YTM = $76.67 / $1,025
approximate YTM = 0.0748 ≈ 7.48%
Savings account has a limit of 6 withdrawals per month, while checking account does not, is s one downside of using a savings account instead of a checking account.
<h3>What is meant by
checking account?</h3>
Checking account is the regular account that facilitates the customer to deposits a withdrawal the money any time with no number of limit.
Checking accounts provides the limitless translation to the customer, and for this use businessman or businesswomen uses this account.
Thus, option B is correct.
For more details about checking account, click here:
brainly.com/question/22857190
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