Answer: $8,069.29
Explanation:
If it is paid at the beginning of the year, it accumulates an extra year of interest and would be an Annuity Due.
If it is paid at the end, it is an ordinary annuity.
Present value of annuity due = Annuity * Present value interest factor of Annuity due, 6.8%, 25 periods
= 10,000 * 12.673521
= $126,735.21
Present value of annuity = Annuity * Present value interest factor of annuity, 6.8%, 25 periods
= 10,000 * 11.866592
= $118,665.92
Difference :
= 126,735.21 - 118,665.92
= $8,069.29
Answer:
A. She didn't include the sales tax.
Explanation:
Angela ordered a cabinet from a local furniture store. When she received her invoice she noticed that the total she was being asked to pay was higher than the figure she had in her head. The most likely reason Angela's total is more than she thought it would be that, <u>she didn't include the sales tax</u>. As we know that generally, a sales tax is a tax given to a governing physique for the sales of specific assets and assistance. Regularly, laws permit the retailer to accumulate capital for the tax of the consumer at the period of acquisition. Meanwhile, a tax on assets or assistance is given to a governing body undeviatingly by an obtainer, it is habitually described as a utility tax.
Answer:
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Explanation:
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Answer:
$86.87
Explanation:
Calculation for what would be the overall margin on the order
Price of cake $500.54
Less Costs:Size related ($183.06)
($1.13 per guest × 162 guests)
Less Complexity-related ($130.56)
($43.52 per tier × 3 tiers)
Less Order-related ($61.44)
($61.44 per order × 1 order)
Less Cost of purchased decorations for cake ($38.61)
Customer margin $86.87
Therefore would be the overall margin on the order is $86.87