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lukranit [14]
2 years ago
8

Jeff wishes to accumulate $5,000 in 5 years. Use the appropriate formula to find the sinking fund payment she would need to make

at the end of each year, at 5% interest, compounded annually
Business
1 answer:
miss Akunina [59]2 years ago
3 0

Answer:

$1, 154.873

Explanation:

The appropriate formula is

P   = PV ×      <u>       r     </u>

                    1 − (1+r)−n

P is the amount that needs to be set aside every year

Where PV  is $5000

r is 5% or 0.05

n is five years

P = 5000 x  <u>    0.05          </u>

       1-(1+0.05)-5

P= 5000 x <u>      0.05      </u>

             1-0.783526166

P= 5000 x (0.05/0.216473834)

P = 5000 x 0.2309747976

P= 1, 154.873

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Answer:

A) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet

Explanation:

The discount on Bonds payable, as their name implies, decrease the Bonds Payable carrying value. A bond with discounts, was issued at a lower price than his face value. The discount on bonds represent that difference.

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Mitchell has a cause: He loves cats. As an economist, he could earn $100,000 as a faculty member, but instead he decides to devo
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Explanation:

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3 years ago
Forsyth County charges a 7% sales tax. If you bought a new printer form $3250.00, what is the total cost for the printer?
iren2701 [21]

Answer:

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Explanation:

Given the following data;

Sales tax = 7%

Cost price = $3250.00

To find the total cost for the printer;

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5 0
3 years ago
The main units of local government.​
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neonofarm [45]

Answer:

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Explanation:

Data provided in the question:

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