Answer:
$30,174.74
Explanation:
The computation of present value is shown below:-
Future value = Present value × (1 + Rate of interest ÷ 1200)^12 × time period
$43,011 = Present value × (1 + 7.11 ÷ (12 × 100)^(12 × 5)
$43,011 = Present value × (1 + 7.11 ÷ 1,200)^60
$43,011 = Present value × (1 + 0.005925
)^60
Present value = $43,011 ÷ (1 + 0.005925
)^60
= $43,011 ÷ (1.005925
)^60
= $43,011 ÷ 1.425397857
= $30,174.73317
or
= $30,174.74
Therefore for computing the present value we simply applied the above formula.
We also attached the spreadsheet for better understanding
In compounded monthly, the interest rate is divided by 12 months and the time period is multiplied by 12 months and the same is to be considered
When you buy a U.S. government savings bond, you're doing so under the power given to Congress to "<span>b. regulate commerce." Regulating commerce will help you be able to understand the flow and process of the country's economy at the same time your business' security.</span>
Answer:
3.4%
Explanation:
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
9.7 = 5.2 + 1.34(x - 5.2)
9.7 - 5.2 = 1.34(x - 5.2)
3.35 = x - 5.2
Answer:Corperation
Explanation: A corporation is an organization usually a group of people or a company authorized by the state to act as a single entity and recognized as such in law for certain purposes. Early incorporated entities were established by charter. Most jurisdictions now allow the creation of new corporations through registration.
Explanation:
The adjusting entry is shown below:
Insurance expense Dr $1,800
To Prepaid insurance $1,800
(Being the insurance expense is recorded)
For recording the adjusting entry for advance purchase of insurance policy we debited the insurance expense and credited the prepaid insurance account so that the correct posting could be done
