1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hammer [34]
2 years ago
10

You want to buy an Audi A8 7 years from now. You have priced these cars and found that they currently sell for $83,800. You beli

eve that the price will increase by 10% per year for the next 7 years. You can presently invest to earn 10% annual interest, compounded annually. How much will you need to invest every year (hint: PMT) to be able to afford to buy the car in 7 years?
Business
1 answer:
lana [24]2 years ago
8 0

Answer:

We to invest <em> $ 17,213 per year to buy the car in  seven years from now</em>

Explanation:

<u><em>First, we solve for the future value of the car:</em></u>

Principal \: (1+ r)^{time} = Amount

Principal 83,800.00

time 7.00

rate 0.10000

83800 \: (1+ 0.1)^{7} = Amount

Amount 163,302.49

<u><em>Then, for the PTM to achieve tham amount in 7 years:</em></u>

FV \div \frac{(1+r)^{time} -1}{rate} = C\\

FV 163,302

time 7

rate 0.1

163302.49298 \div \frac{(1+0.1)^{7} -1 }{0.1} = C\\

<em>C  $ 17,212.981 </em>

You might be interested in
What is Baruch Shemtov's product, and how did he begin creating it?
N76 [4]

Answer:

Baruch Shemtov's product is tie

Explanation:

Baruch Yehudah Shemtov  was born on September 22, 1987.

Baruch has passionate about the design and the fashion from his young age, he was launched his first line of ties at just age 15 years.

he is a fashion entrepreneur since his junior class of high school

Today also Baruch ties routinely sellout in the tony department store and online

Baruch neckties and all accessories are made in USA

and In 2013, he launched boy ties collection and he coordinating with father-son neckties range at Bergdorf Goodman

5 0
2 years ago
Managing a healthcare setting today is different than it was 50 years ago. give an example of an ethical situation facing the he
mariarad [96]
I believe one of the ethical situation would be Balancing care quality and efficiency
Healthcare depended on the amount of government budget each year, which could reduce the quality of the healthcare as the budget decreased.
In order to do this, i believe the government could create a stricter criteria on using the healthcare. and give the people who don't use it with other form of welfare as compensation. By doing this, we can increse both quality and efficiency.
7 0
3 years ago
Samuel is the managing general partner of STU, in which he owns a 25% interest. For the year, STU reported ordinary income of $4
Norma-Jean [14]

Answer:

$220,000

Explanation:

Calculation to determine How much income from self-employment did Samuel earn from STU

Using this formula

Income from self-employment =Guaranteed payment received+(Interest rate*Ordinary income)

Let plug in the formula

Income from self-employment=$120,000+(25%*$400,000)

Income from self-employment=$120,000+$100,000

Income from self-employment=$220,000

Therefore the amount of income from self-employment that Samuel earn from STU is $220,000

7 0
3 years ago
The Baldwin Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The exp
Svet_ta [14]

Answer:

b. $4,908,000

Explanation:

According to the FASB GAAP, the straight line method is used in this given question which is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($40,900,000 - $4,090,000) ÷ (15 years)

= ($36,810,000) ÷ (15 years)  

= $2,454,000

In this method, the depreciation is same for all the remaining useful life

For two years, the accumulated depreciation would be

= Annual year depreciation × number of years

= $2,454,000 × 2 years

= $4,908,000

7 0
3 years ago
A company's board of directors votes to declare a cash dividend of $1.65 per share of common stock. The company has 33,000 share
umka21 [38]

Answer:

E) $45,375

Explanation:

This is because Authorized shares are the total shares that the company can issue.

There is a difference between issued and outstanding shares of 500 shares, this may be because these shares are currently held by the company itself and thus dividends are payable only on outstanding shares

This gives us 27,500 * 1.65 = $43,375

4 0
3 years ago
Other questions:
  • Which of the following would be​ true? A. Organizational culture never changes. B. Organizational culture is an evaluative rathe
    11·2 answers
  • The idea that an economy can get stuck in either an unemployment equilibrium or an inflation equilibrium is most closely associa
    8·2 answers
  • Advertisements that feature promotions such as buy-one-get-one-free offers essentially signal that customers will get value in s
    14·1 answer
  • What is the dirty price of a bond? the bond's price less an adjustment for changes in interest rates the bond's price based only
    14·1 answer
  • Wood and glass used to create frames for customers. The owner’s experience in seeking out the best wood and glass suppliers. Spe
    14·1 answer
  • From the perspective of employee, the effective channeling of work-related infomation and concerns
    13·1 answer
  • Name FIVE factors that must be considered when choosing a form of ownership.
    15·1 answer
  • Fill in the blanks with the category of the expanded accounting equation (assets; liabilities; owner, capital; owner, withdrawal
    5·2 answers
  • A company has developed a new smart clock. If the clock is successful, the present value of the payoff (at the time the product
    15·1 answer
  • Using multiple cost drivers on a flexible budget report will generally ______. Multiple choice question.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!