Answer:
The initial deposit should be of: $97,439.62
Explanation:
Giving the following information:
To replace the new machine when it wears out, the company wants to establish a savings account today. The interest rate on the account is 1.9 percent per quarter and the cost of the machinery is $325,000.
To calculate the initial investment required, we need to use a variation on the simple interest future value formula:
FV= PV*(1+i)^n
PV= present value
Isolating PV:
PV= FV/(1+i)^n
i= 0.019
n= 4*16= 64
FV= 325,000
PV= 325,000/ (1.019^64)= $97,439.62
Answer:
they are examples of retailers
Answer:
Unethical but socially responsible
Explanation:
Johnston Marine is not morally correct for misleading prospective buyers as regards the power and reliability of the firm's boats but duly fulfills his obligation to act for the benefit of society at large which is shown in the donations he makes to the community, veteran support, schools, and local hospitals.
