The amount of money needed now to begin the perpetual payments is
P = A/I =15,000÷0.05=300,000
The amount that would need to have been deposited 25 years ago is
P=A÷(1+r)^t
P=300,000÷(1+0.05)^(25)
P=88,590.83
Answer:
Health insurance Ata yan bhie33
budget variance was the difference in ROI between the budgeted and actual amounts
<h3>What is
budget variance?</h3>
A budget variance is an accounting term that refers to situations in which actual costs are higher or lower than the standard or projected costs. An unfavorable, or negative, budget variance indicates a budget shortfall, which can occur when revenues fall short or costs exceed expectations.
Typically, variance reports are used to examine the gap between budgeted and actual performance. Depending on the financial outcomes being compared, the variance report may also be referred to as "budget variance" or simply "variance." The difference between the budgeted/baseline goal and the actual reality is referred to as "variance."
Budget variance equals the difference between the budgeted amount of expense or revenue, and the actual cost.
To know more about budget variance follow the link:
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Answer:
$5749.02
Explanation:
The first step is to determine the future value of my sister's deposit
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
5500 (1.088)^6 = $9122.97
the second step is to determine the present value of $9122.97 using an interest rate of 8%
$9122.97 / (1.08)^6 = $5749.02
Accurate data entry speeds the correct payment of claims and lessens the chance of federal audit. Federal audit clearinghouse operates on behalf of the office of management and budget. its primary functions includes, distributing single audit reporting packages to federal agencies, support OMB oversight and assessment of federal award audit requirements, maintain a public database of completed audits and help auditors and auditees minimize the reporting burden of complying with single audit requirements.
