Answer:
Annual deposit= $37,714.37
Explanation:
Giving the following information:
The villa costs $500,000 today, and housing prices in Mexico are expected to increase by 6% per year. Manny and Irene want to make fifteen equal annual payments into an account, starting today, so there will be enough money to purchase the villa in fifteen years.
The account earns 10% per year.
First, we need to calculate the final value of the house with the following formula.
FV= PV*(1+i)^n
FV= 500,000*(1.06^15)=$1,198,279.1
Now, we can calculate the annual payments required:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,198,279.1*0.10)/[(1.10^15)-1]
A= $37,714.37
If he chooses to live at home, the room and board fees are irrelevant.
$9,450 +
$2,680 +
$1,875 +
$930 =
14,935 - the $1,900 grant =
$13,035!!
Answer: Proper decision making
Explanation: Information is key factor when a business manager needs to make proper decisions.
The manager needs to get all the available charts, analysis, projections about a particular business to be taken. Poor information would increase the likelihood of business failure.
Answer:
Company's Cashflow from Financing Activities:
Issue of common stock 64,000
Cash payment on dividend (14,600)
Repayment of loan note <u>(50,000)</u>
Cashflow from financing activities <u> 600</u>
Explanation:
Cashflow from financing activities is comprised of issue of stock less cash payment on dividend less repayment of loan note.
Answer:
Proportion of customers served in under 11 minutes = 0.8401
Explanation:
Please the solution attached .
