Answer:
Instructions are listed below
Explanation:
Giving the following information:
At the end of each year, she invests the accumulated savings ($1,825) in a brokerage account with an expected annual return of 8%. She will invest for 45 years.
A) We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1825[(1.08^45)-1]}/0.08= $705,372.75
B) n= 25
FV= {1825[(1.08^25)-1]}/0.08= $133,418.34
C) FV= 705,372.75 A=?
We need to isolate A:
A= (FV*i)/{[(1+i)^n]-1}
A=(705,372.75*0.08)/[(1.08^25)-1]
A= $9,648.64
Answer:
the total partner equity is $105,000
Explanation:
The computation of the total partner equity is shown below;
= Capital contributions × number of partners - withdrawn amount by the partners + total profit
= $50,000 × 2 - $5,000 - $7,500 + $17,500
= $105,000
hence, the total partner equity is $105,000
Therefore the correct option is B.
It would be 1600 because the 20 percent keeps the bank from loaning the rest
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