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Kazeer [188]
3 years ago
9

A total of 1000 residents in minnesota were asked which season they preferred

Business
1 answer:
Molodets [167]3 years ago
7 0
They all said winter.
Hope this helps!
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Define black hole.......​
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Why are europeans smarter about their own countries governments than we Americans are about ours?
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For each of the following situations, identify (1) the case as either (a) a present or a future value and (b) a single amount or
taurus [48]

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a. The present value of a future value of $10,000 is $7,310.

b. The present value of an annuity for a future value of $10,000 is $1,043.54.

c. Yes, you will retire with $1,036,226.07 .

Explanation:

a) Data and Calculations:

Future value = $10,000

Interest - 8% compounded semiannually

Period of investment = 4 years

Using the present value table, the discount factor of 0.731, the future value of $10,000 is $7,310

b) You will need to contribute $1,043.54 at the beginning of each period to reach the future value of $10,000.00.

FV (Future Value) $10,000

PV (Present Value) $7,306.90

N (Number of Periods) 8.000

I/Y (Interest Rate) 4.000%

PMT (Periodic Payment) $1,043.54

Starting Investment $0.00

Total Principal $8,348.30

Total Interest $1,651.70

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PV (Present Value) $47,698.45

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I/Y (Interest Rate) 8.000%

PMT (Periodic Payment) $4,000.00

Starting Investment $0.00

Total Principal $160,000.00

Total Interest $876,226.07

5 0
3 years ago
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