Answer: $65186.16
Explanation:
Since the individual is scheduled to receive $34,000 in two years and will then invest it for 7 more years at 7.5 percent per year. The amount that the person will have in 9 years will be:
FV = PV(1 + rate)^n
where,
PV = present value = $34000
Rate = 7.5% = 0.075
n = number of years = 7
FV = 34000 × (1 + 7.5%)^9
FV = 34000 × (1 + 0.075)^9
FV = 34000 × 1.075^9
FV = 34000 × 1.91724
FV = $65186.16
The amount in 9 years will be $65186.16
Answer:
Rise; More attractive; More; Less; Rise
Explanation:
Suppose that the federal budget deficit increases.
So, there is a need to borrow funds and this will increase the government borrowings. The higher government borrowings will lead to cause the interest rate to rise.
In an open economy, the buyers in the foreign countries are buying more U.S bonds as they will receive higher rate of return from investing in bonds. Hence, the U.S bonds are becoming more attractive to the foreign buyers because of the higher interest rate.
This will reduce the value of U.S exports, hence, the trade deficit (Value of imports - Value of exports) will rise further.
The answer is 5 hope I helped u
Answer:
E
Explanation:
According to the history of America, by 1830 home manufacture had declined significantly due to increased industrial organization and advances in transportation.
Answer:
Jan. 1
Dr Cash $210,000
Cr Bonds Payable $210,000
Dec. 31
Dr Loss on Bond Redemption $4,200
Bonds Payable $210,000
Cr Cash $214,200
Explanation:
Porter Incorporated Journal entries
Jan. 1
Dr Cash $210,000
Cr Bonds Payable $210,000
Dec. 31
Dr Loss on Bond Redemption $4,200
Bonds Payable $210,000
Cr Cash $214,200
(102%×$210,000=$214,200)
