Answer:
Value of investment after 10 years will be $738244
Explanation:
We have given that Jason Allen is planning to invest $26000 today in mutual fund
So present value P = $26000
Rate of interest r = 11 %
Time period n = 10 years
We have to find the amount after 10 years
We know that amount is given by
, here A is future value , P is present value r is rate of interest and n is time period
So amount after 10 year will be
=
So value of investment after 10 years will be $738244
Answer:
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Answer:
Explanation:
1. Calculate ending inventory Rate per unit Total cost
number of units ($) ($)
Beg bal (April1) 450 2.19 985.50
Add:purchases
April 20 410 2.69 1102.90
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Total goods
av for sale 860 2088.40
Less: Sales:
During April 590
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Ending inventory 270
2. Cost of ending inventory = 270*2.19=$591.3