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jeka57 [31]
3 years ago
5

A small business has determined that the machinery they currently use will wear out in 16 years. To replace the new machine when

it wears out, the company wants to establish a savings account today. If the interest rate on the account is 1.9 percent per quarter and the cost of the machinery will be $325,000, how much will the company have to deposit today
Business
1 answer:
Vlad [161]3 years ago
8 0

Answer:

The initial deposit should be of: $97,439.62

Explanation:

Giving the following information:

To replace the new machine when it wears out, the company wants to establish a savings account today. The interest rate on the account is 1.9 percent per quarter and the cost of the machinery is $325,000.

To calculate the initial investment required, we need to use a variation on the simple interest future value formula:

FV= PV*(1+i)^n

PV= present value

Isolating PV:

PV= FV/(1+i)^n

i= 0.019

n= 4*16= 64

FV= 325,000

PV= 325,000/ (1.019^64)= $97,439.62

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The united states maintained its military superiority with a defense budget larger than the next __________ biggest military pow
Luden [163]

The united states maintained its military superiority with a defense budget larger than the next china's biggest military powers combined. group of answer choices.

The United States spends more on defense than China, India, Russia, Britain, Saudi Arabia, Germany, France, Japan, and South Korea combined.

The United States leads the ranking of countries with the highest military spending in 2021 with US$801 billion. This accounted for 38% of total global military spending that year, totaling $2.1 trillion.

This increase has outpaced the growth of other countries' spending, and as a result, the United States now spends more on defense than the next nine countries combined (the next 11 countries in 2020 compared to the total).

Learn more about military powers at

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5 0
2 years ago
If the federal reserve lowers the federal funds rate, what will happen to bank savings account?
daser333 [38]
The savings account interest will remained the same
3 0
3 years ago
Privacy laws include governing: agreements about supply and delivery of goods. agreements about supply and delivery of goods. en
lozanna [386]

Answer is given below:

Explanation:

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8 0
3 years ago
Pearl Corporation reported net income of $49,100 in 2020. Depreciation expense was $17,200. The following working capital accoun
aliya0001 [1]

Answer:

Net operating cash flow   $68,300

Explanation:

Operating cash flow is the amount of cash generated by a company from its main and normal business activity. This cash flow is useful to gauge the financial viability of a firm's business activity; the larger the better.

It is essentially computed as the net movement of cash inflow and outflow in respect of a business activities.

It is computed as follows:                          

                                                                  $

Net income                                              49,000

Add deprecation                                      17,200

Less increase in receivable                    (11.200)

add increase in payables                         <u>13,300</u>

Net operating cash flow                          <u> 68,300</u>

Note that only items that relate to trading which is the core business area of the Pearl Corporation are considered. Depreciation is  added because it is a non-cash item initially deducted from net income.

An increase in receivable means a reduction in cash while an increase in payables implies cash savings

Net operating cash flow   $68,300

3 0
2 years ago
Which of the following is a form of direct intense and detailed training?
koban [17]

job delegation is a form of direct intense and detailed training

8 0
3 years ago
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