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krok68 [10]
3 years ago
15

Jacob is saving up for a down payment on a car. He plans to invest $2,000 at the end of every year for 5 years. If the interest

rate on the account is 2.25% compounded annually, what is the present value of the investment? a. $5,666.58 b. $10,461.24 c. $9,358.91 d. $37,731.88
Business
2 answers:
Damm [24]3 years ago
7 0

The answer would have to be B

Mrac [35]3 years ago
6 0

Answer: $9,358.91

Explanation:

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3 0
1 year ago
"A broker and seller terminate the listing contract. An offer is received in the mail by the broker after the termination of the
katovenus [111]

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No acceptance has been given

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The listing contract has been terminated by the seller and the broker, and broker has received the notification of termination.

The new offer that is now received cannot be valid as the seller cannot accept.

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7 0
4 years ago
A firm is expected to produce earnings next year of $3 per share. It plans to reinvest 25% of its earnings at 20%. If the cost o
mixas84 [53]

Answer:

B.37.50

Explanation:

Calculation for what should be the value of the stock

First step is to calculate g

g = .25 × .20

g= .05

Second step is to calculate D1

D1 = $3(1 - .25)

D1= $2.25

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P0 = $37.50

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5 0
3 years ago
At December 31, S Corp. owned 80% of J Corp.’s common stock and 90% of C Corp.’s common stock. J’s net income for the year was $
Serhud [2]

Answer:

$600,000

Explanation:

Data provided in the question

Owning percentage = 80%

Owning percentage = 90%

J net income = $200,000

C net income = $400,000

So, the combined net income reported is

= J net income + C net income

= $200,000 + $400,000

= $600,000

For determining the combined net income we simply added the J net income and C net income so that the correct amount could come

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3 years ago
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