Answer:
The correct answer is C: $4300
Explanation:
Giving the following information:
They will invest an equal amount each month for 5 years.
This account will earn 6% per year(0.5% per month)and will have $300,000 at the end of the 5-year term
We need to use the following formula:
final value= {A[(1+i)^n-1]}/r
A= cuota
i= monthly interest
n= 60 months
Isolating A:
A= (FV*i)/[(1+i)^n-1]
A= (300000*0.005)/[(1.005^60)-1]
A= 1500/0.34885= 4300
Answer:
Flex warehousing
Explanation:
Flex warehousing also known as Public Warehousing, is a form of warehousing in which various firms seek to store high-turnover product in spaces for short periods of time.
It is a type of warehouse space which allows many clients' products to be received, handled, stored, and transported out in a flexible environment.
It is used to cater for overflow of goods, so as to maximize the space and labor reserved for only one contract client at a time.
Hence , in this case, this is an example of FLEX WAREHOUSING.
Answer:
1st 46,398.83
2nd 49,646.74
3rd 53,122.02
4th 56,840.56
5th 60,819.40
Explanation:
given a growing annuity we have to solve for the installement
FV = PV (1+r)^5 = 180,000 x 1.14^5 = 346,574.62
grow rate 0.07
interest rate 0.14
n = time 5
C = 46398.8284
Now, to determiante the subsequent payment we multiply by the grow rate of 1.07
Answer:
$112,807
Explanation:
To calculate the amount of money you borrowed, you have to use the formula to calculate the present value:
PV=FV/(1+r)^n
PV= pressent value
FV= future value= 647,514
r= rate= 6%
n= number of periods of time= 30
PV=647,514/(1+0.06)^30
PV=647,514/(1.06)^30
PV=647,514/5.74
PV=112,807
According to this, you originally borrowed $112,807 for this house.
