Answer:
your father originally invest is $13035.72
Explanation:
given data
investment time = 33 years
interest rate = 4.25 percent
totaled $51,480.79
solution
we get present value by future value formula that is
future value = present value × .........................1
put here value and we get
$51480.79 = present value ×
solve it we get
present value = $13035.72
so your father originally invest is $13035.72
A grant for the exclusive right to make, use, or sell new or improved inventions is a patent.
Its a business
owned by only person ex. florists mechanics
Answer:
The amount that Canliss borrowed is $45,459.51
Explanation:
The amount borrowed is the present value of $10,500 for five years using the discount factor applicable to each to each year as shown below
The formula for discount factor=1/(1+r)^n
r is the rate of interest on the loan which is 5%
n is the year relating to each cash flow ,for instance 1 for year one
present value of the loan=$10,500/(1+5%)^1+$10,500/(1+5%)^2+$10,500/(1+5%)^3+$10,500/(1+5%)^4+$10,500/(1+5%)^5=$45,459.51
Answer:
$49.81
Explanation:
The stock price of the one share of the preferred stock in the given question shall be determined through the dividend valuation formula which is given as follow:
Price of share=Dividend per share/Rate of return
In the given question:
Dividend per share=$5.20
Rate of return=10.44%
Price of share=5.20/10.44%=$49.81