Answer:
The initial deposit should be $ 25.46
Explanation:
The Annuity formula is
P=R [1−(1+i)^-n/i]⋅(1+i)
Where
P= Initial deposit
R=Regular Withdraw amount
i=Interest rate
n=Number of years/periods
After entering corresponding values in the formula we get $25.46
so P (which is our initial deposit)=25.46
Answer:
The alternative that should be chosen assuming identical replacement is:
Alternative B.
Explanation:
a) Data and Calculations:
Alternatives:
A B
First Cost $5,000 $9,200
Uniform Annual Benefit $1,750 $1,850
Useful life, in years 4 8
Rate of return 7% 7%
Annuity factor 3.387 5.971
Present value of annuity $5,927.25 $11,046.35
Net cash flow $927.25 $1,846.35
b) Alternative B yields a higher return than Alternative A. Since the two alternatives are based on the same rate of return, Alternative B will bring in a higher annual benefit, even when discounted to the present value.
A symmetric, bell-shaped frequency distribution that is completely defined by its mean and standard deviation is the<u> normal distribution.</u>
A symmetrical distribution about the mean, such as the normal or Gaussian distribution, indicates that data points closer to the mean occur more frequently than data points further from the mean.
The normal distribution is represented graphically by a bell curve. A bell curve of probabilities is more properly known as the normal distribution. The standard deviation is one and the mean is zero in a normal distribution. Its kurtosis is 3, and its skewness is 0. Not all symmetrical distributions are normal, but all normal distributions are symmetrical. The normal distribution can be thought of as a rough approximation of many naturally occurring events. However, most price distributions in finance are not normally distributed.
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To know more about normal distribution refer to:
brainly.com/question/14725173
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Answer:
The amount of net pay recorded by Hernandez is $380,650
Explanation:
Gross Pay $500,000
Income Tax $63,000
Social security $31,000
Medicare $7,250
Charitable contribution $5,000
Union Dues $10,000
Unemployement Tax $3,100
Net Pay $380,650
Therefore, The amount of net pay recorded by Hernandez is $380,650
