Answer:
o money
Explanation:
as the exchange rates can dramatically change in very little time
Answer: $36,173.622
Explanation:
Cameron:
Annual Payment = $27,833
Time Period(n) = 44 years
Discount Rate(r) = 6%
![Present\ Worth=Annual\ Payment\times[\frac{(1-(\frac{1}{1+r})^{n} }{r}]](https://tex.z-dn.net/?f=Present%5C%20Worth%3DAnnual%5C%20Payment%5Ctimes%5B%5Cfrac%7B%281-%28%5Cfrac%7B1%7D%7B1%2Br%7D%29%5E%7Bn%7D%20%7D%7Br%7D%5D)
![Present\ Worth=27,833\times[\frac{(1-(\frac{1}{1.06})^{44} }{0.06}]](https://tex.z-dn.net/?f=Present%5C%20Worth%3D27%2C833%5Ctimes%5B%5Cfrac%7B%281-%28%5Cfrac%7B1%7D%7B1.06%7D%29%5E%7B44%7D%20%7D%7B0.06%7D%5D)
= $427,709.711
Kennedy:
Annual Payment = $27,833
Discount Rate = 6%
Present Worth = 
Present Worth = $463,883.333
So, Present Worth of Kennedy is $36,173.622 more than that of Cameron.
Answer:
$917.996
Explanation:
First, we calculate price:
Price = 5% * 1000 = $50.
At the fifth year, Price = $1000 + $50 = $1050
The price of the Corporate bond is given as:
50/(1+.07) + 50/(1+.07)² + 50/(1+.07)³ + 50/(1+.07)⁴ + 1050/(1+.07)^5
= 917.9960512810481
=$917.996 ---- Approximated
Answer:
e. Dave is taxed on $72,750 of plumbing income this year.
Explanation:
Based on the information given if Dave clients make their checks payable to his son, Steve based on Dave request in which the son, Steve received checks of $72,750 on behalf of his Dad, Dave's plumbing services, the TRUE STATEMENT will be DAVE IS TAXED ON $72,750 OF PLUMBING INCOME THIS YEAR reason been that to assign income to another person is NOT EFFECTIVE for TAX PURPOSES.
