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-BARSIC- [3]
3 years ago
10

5 find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. also ca

lculate the present value if the $7,000 is received after two years.
Business
1 answer:
Aloiza [94]3 years ago
3 0
One year

7000×1.03^1 = $7210.00

two year

7000×1.03^2 = $7426.30
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A man aged 40 wishes to accumulate a fund for retirement by depositing $1,000 at the beginning of each year for 25 years. Strati
Firdavs [7]

Answer:

The man will made 15 drawins for 31,468 at their retirement age.

Explanation:

We solve for the future value of the annuity-due (deposits at the beginning)

C \times \frac{(1+r)^{time} -1}{rate}(1+r) = FV\\

C 1,000.00

time      25

rate         0.04

1000 \times \frac{(1+0.04)^{-25} -1}{0.04}(1+0.04) = PV\\

FV $375.1168

Now, we calcualte the amount of the withdrawals considering the new rate:

PV \div \frac{1-(1+r)^{-time} }{rate}(1+r) = C\\

375.116802253964 \div \frac{1-(1+0.035)^{-15} }{0.035}(1+0.035) = C\\

C  $ 31.468

7 0
3 years ago
On a bank's T-account, which are part of the bank’s assets? a. both deposits made by its customers and reserves b. deposits made
avanturin [10]

Answer:

The correct answer is C

Explanation:

Bank asset is the assets which represent the ownership of the value capable of being converted into cash. So, the reserve which the banks hold or refrain from using will be classified as the asset for the bank. And the deposit made by the customer will be classified as the current liability as the bank allows the customers to use their deposits whenever they want to use.

Therefore, the reserve is a part of bank asset whereas the deposits will not be a part of bank asset.

8 0
3 years ago
. Which is NOT a principle of organic farming? (a) Avoiding synthetic fertilizers (b) Keeping as much organic matter as possible
Scilla [17]

Answer: Avoiding the use of fossil fuels

                                               

Explanation:  

There are four principles of Organic Farming which are as follows :-

1. Such farming should sustain and enhance the health of soil, plants, animals as well as of humans.  

2. Such farming should be based on the living ecological systems and cycles and help sustain them.

3. Thus kind of farming is build on relationships that ensure fairness with regard to common environment and life processes.

4. Such farming should be managed in a precautionary and responsible manner to protect the health and well being of current and future generations.

Hence the correct option is A .

8 0
3 years ago
Which accounting principle dictates whether the cost of a repair should be​ expensed?
vodomira [7]

Which accounting principle dictates whether the cost of a repair should be​ expensed?

d. matching

As per matching concept, All revenues have to be recorded along with expenses incurred to earn those revenues. Thus, revenues need to be accounted.

8 0
3 years ago
Rachel's Designs has 2,000 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining
loris [4]

Answer:

the dividend paid to preferred stockholders and  paid to common stockholders is $21,000 and $2,000 respectively

Explanation:

The computation of the dividend paid to preferred stockholders and  paid to common stockholders is shown below:

For preferred stockholders

= (2,000 × 7% × $50) × 3 years (2019,2020 and 2021)

= $7,000 × 3 years

= $21,000

And, for common stockholders

= $23,000 - $21,000

= $2,000

Hence,  the dividend paid to preferred stockholders and  paid to common stockholders is $21,000 and $2,000 respectively

5 0
3 years ago
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