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krek1111 [17]
3 years ago
10

Assume you pay $24,000 today in exchange for an annuity with monthly payments, an APR of 6.75 percent, and a life of 15 years.Wh

at is the payment amount

Business
1 answer:
Fed [463]3 years ago
4 0

Answer:

$212.38

Explanation:

In this question, we use the PMT formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $24,000

Future value = $0

Rate of interest = 6.75% ÷ 12 months = 0.5625%

NPER = 15 years × 12 months = 180 months

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the answer would be $212.38

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Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,638. The
mina [271]

Answer:

Net Pay = Gross Pay - Federal Income Tax - FICA-SS Tax - FICA-Medicare Tax

Net Pay = $8,260.00 - $1,325.17- $512.12 - $119.77* = $6,302.94

Explanation:

4 0
3 years ago
You just sold 300 shares of stock at a price of $42.06 a share. You purchased the stock for $39.80 a share and have received tot
Alex Ar [27]

Answer:

$678

Explanation:

Given that,

Number of shares sold = 300

Selling price of each share = $42.06

Cost of purchasing shares = $39.80 per share

Total dividend received = $1,272

We can easily determine the total capital gain on this investment by comparing the sales value and purchase value of this stock.

Total capital gain on this investment:

= Sales value - Purchase value

= (Number of units × Selling price per unit) - (Number of units × cost of purchasing per share)

= (300 × $42.06) - (300 × $39.80)

= $12,618 - $11,940

= $678

3 0
3 years ago
In 1990, Johnson Company purchased a building for $170,000. In 2020, a real estate professional says the building has a fair val
Julli [10]

Answer:

$170,000.00

Explanation:

The amount of $170,000.00 will still be recorded as the value of the building, before considering accumulated depreciation.

<em>Fair value</em> of $1,000,000.00 or <em>selling price</em> of $900,000.00 does not affect the original value of the building in the company's balance sheet.

4 0
3 years ago
The development methodology where each part of a project is done in order after each other is called
patriot [66]

Answer:

Agile methodology

Explanation:

This is the methodology adopted in project development most of the time.

This approach is usually been used because the customer could not wait for so long till the completion of the project.

For this i would give you an example that we order some food at a restaurant. The waiter come to us and he keeps on giving us food after every short intervals like water, salad, starter and soups to keep us engage. Otherwise the customer would lose his temper while waiting for so long. We must say that the attention span of the people is very short , they  could not wait due to lack of patience.

So in real world of project development we adopt agile methodology where we develop and deliver the project to customer in every little intervals. In this context our customer use to be in loop meanwhile the development of whole project. It is good for project manager to get feedback from the customer side by side on every little chunk of project. This approach is very good to keep your customer in loop of development . We could do negotiation meanwhile ,if customer needs some changes we could do it side by side.

Agile methodology is most of time adopted when the customer is not potential and less technical. In this case the customer could not give clear requirements to team for developing the project. During this methodologies we keep on tracking the user demands and requirements. The team lead or business analyst use to elicit the dos and dons of the project. In this way of project development we could easily give clear ad transparent picture to our customer that hows your project is going.  There are lot project development methodologies but agile development is one the best methodology to keep the customers in loop. While in loop with customers it is easy for team to maintain the quality assurance side by side , QA team could also get involve for the rectification of the project.

5 0
3 years ago
Ice coffee costs $1.50
Shtirlitz [24]

Answer:

$2

Explanation:

7 0
2 years ago
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