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rosijanka [135]
3 years ago
11

Stacy Monroe wants to create a fund today that will enable her to withdraw $35,000 per year for 6 years, with the first withdraw

al to take place 4 years from today. Click here to view factor tables If the fund earns 15% interest, how much must Stacy invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Business
1 answer:
Vlada [557]3 years ago
6 0

Answer:

She must invest $75732.63

Explanation:

Well firstly we look at the problem in 4 years time and start calculating the present value in four years.

using a financial calculator

n= 6, I= 15% , PMT = cash withdrawals = $35000, Fv = 0 pv =132456.89

that we take that Present value in four years make it future value in current year

Fv = 132456.89, with same data and compute new present value= 75732.63

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You are considering an investment for which you require a 14 percent rate of return. the investment costs $61,900 and will produ
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Q 5.28: Amanda Accountant works for a company that distributes birdseed. While walking through the plant, she notices birdseed s
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Answer:

The answer is:

Amanda should record the wasted birdseeds (inventory loss) by adjusting the inventory account.

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3 years ago
. Which combination of assets is considered to be money? currency in circulation and in bank vaults, checkable bank deposits, an
Inessa [10]

Answer:

Currency in circulation and in bank vaults , checkable deposits and travelers' check

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8 0
3 years ago
The Bay Fig Corporation has $350,000 of taxable income from operations for the current year, and dividends of $50,000 received f
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Answer: $25,000

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