It’s 47, and what do you wanna talk about?
Answer:
The retirement fund will last for 33 years and 7 months
Explanation:
We need to solve for time in an ordinary annuity
C $15,000.00
rate 0.004 (4.8% divide by 12 month)
PV $3,000,000
time n
we clear for n as much as we can and solve
now we use logarithmic properties to solve for n:
-403.16
this will be a value in months so we divide by 12 to get it annually
403/12 = 33,5833
we convert the residual to months:
0.5833 x 12 = 6.996 = 7 months
Answer:
5.78%
6.59%
8.85%
11.40%
Explanation:
The formula for determining future value (FV) given present value is(PV) :
FV = PV (1 +r)^n
r = interest rate
n = number of years
1. $338 = $270 x (1 + r)^4
( $338 /$270)^0.25 = 1 + r
1.0577 = 1 +r
r = 1.0577 - 1
r = 5.78%
2. 1231 = 390 (1 + r)^18
(1231 / 390)^0.055556 = 1 + r
1.065941 = 1 + r
r = 1.065941 - 1
r = 6.59%
3. 210390 = 42000 (1 +r)^19
(210390 / 42000)^0.052632 = (1 +r)
1.088505 = 1 + r
r = 8.85%
4. 613,284 = 41,261 (1 + r)^25
(613,284 / 41,261)^0.04 = (1 + r)
1.113999 = 1 + r
r = 11.40%
Answer:
a. 120,000 units
Explanation:
The formula to compute the break even point is shown below:
= (Total fixed cost) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $5 - $3
= $2 per unit
And, the total fixed cost is $240,000
So, the break even point in units is
= $240,000 ÷ $2 per unit
= 120,000 units
Answer:
A single or double solid white line dividing traffic lanes going in the same direction can't be crossed for any reason. A single solid white line is generally used to indicate the right- most boundary of the drivable roadway on highways.
Explanation:
hope this helps you :)
