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Allushta [10]
3 years ago
15

What activity does marketing begin

Business
1 answer:
inysia [295]3 years ago
4 0

Answer:anywhere you would think

Explanation:

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debit Accounts Receivable $350 and credit Unearned Service Revenue $350.

Explanation:

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Read 2 more answers
(Calculating annuity payments) The Aggarwal Corporation needs to save $10 million to retire a $10 million mortgage that matures
Olenka [21]

Answer:

Ans. The equal amount of money that Aggarwal Corporation needs to put into this account, for 10 years, at the end of each year is $658,200.90

Explanation:

Hi, in order to find the equal amount of money to put into this account, that returns 9% annually, for ten years, and to be paid at the end of each year, we need to use the following formula and solve for "A".

Future Value=\frac{A((1+r)^{n}-1) }{r}

Where:

Future Value= $10,000,000

r= 0.09

n=10

So, everything should look like this.

10,000,000=\frac{A((1+0.09)^{10}-1) }{0.09}

10,000,000=A(15.1929297)

\frac{10,000,000}{15.1929297} =A

A=658,200.9

The answer is: Aggarwal Corporation needs to save $658,200.90 every year, at the end of the year, for ten years in order to get $10,000,000 in ten years to retire its mortgage.

Best of luck.

5 0
3 years ago
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