Answer:
Final Value= $565,593.64
Explanation:
Giving the following information:
It is estimated that she would need $1 million to cover all the expenses for both her children. She is willing to save $20,000 every six months for the next 10 years. The estimated rate of return is 7 percent annually that she would be earning on a semi-annual compounding basis.
Effective rate=0.07/2= 0.035
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {20000*[(1.035^20)-1]}/0.035= $565,593.64
Answer:
See explanation
Explanation:
See the images to get the right answer
Answer:
b. supply is represented graphically by a curve and quantity supplied as a point on that curve.
Explanation:
Qunatity supplied shows how qunatity of a product changes in response to changes in price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied. This shows that quantity supplied has a direct relationship with price.
Changes in quantity supplied is shown by movement along a supply curve.
Changes in supply is caused by other factors other than changes in price. Some of these factors are :
Changes in price of similar goods
Tax
Change in number of suppliers
Technological advancement
Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.
I hope my answer helps you
Answer and Explanation:
The preparation of the statement of the stockholder equity and balance sheet would be shown in the attachment below:
The formulas for ending retained earning balance and stockholder equity is
Ending retained earnings = Opening retained earnings + net income - dividend paid
And, the ending equity is
= Opening equity + additional shares
The same would be shown in the attachment