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lilavasa [31]
3 years ago
15

Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insured both cars with

the same company, they would save 10 percent on the annual premiums. what would be the future value of the annual savings over 10 years based on an annual interest rate of 4 percent? use exhibit 1-b. (round time value factor to 3 decimal places and final answer to 2 decimal places.) future value $
Business
1 answer:
Murljashka [212]3 years ago
5 0
<span>Answer: Now total premium is (700+900) = 1600 so saving will be $ 160 . Future value of the savings over 10 years based on annual interest</span>
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Jim and Sally are not married. They lived together all year. Sally had $5,000 in earned income during 2019. Jim earned $30,000 i
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Jim could file as a head of household and qualify for higher deductions and earned income credit for one child.

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What three words would you use to describe the culture you would foster at your company? Explain why you chose each word to repr
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The accountants at Global Finances can take work home for as many days as they like as long as their spreadsheets are up to date
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Telecommuting.

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3 years ago
On December 31, 2019, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the rela
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Answer:

Interest expense    18,284.17  debit

Premium on BP        1,965.83 debit

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Explanation:

procceds 461,795

face value 450,000

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As the cash received exceed the face value then, the bonds were isued at premium.

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amortization per payment:

11,795 / 6 = 1.965,83

The will post:

the cash disbursement in favor of the bondholder:

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3 0
3 years ago
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Country A would have an absolute advantage compared to Country B in the production of corn if
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