Identify two different forms of income that are taxable

Staci invested $900 three (3) years ago. Her investment paid 10.8 percent interest compounded monthly. Staci's twin sister Shell

tekilochka [14]

Staci's investment is worth today <u>$1,242.58</u>.

Shelli's investment is worth today <u>$1,107.83</u>.

<h3>What is the future value of an investment?</h3>

The future value of an investment is the present value compounded periodically at an interest rate.

The future value can be determined using an online finance calculator as below.

<h3>Data and Calculations:</h3>

Staci's investment = $900

Investment period = 3 years

Interest rate = 10.8% compounded monthly

Stack's twin investment = $800

Investment period = 3 years

Interest rate = 11% compounded quarterly

<h3>Staci's investment:</h3>

N (# of periods) = 36 months (3 x 12)

I/Y (Interest per year) = 10.8%

PV (Present Value) = $900

PMT (Periodic Payment) = $0

<u>Results</u>:

FV = $1,242.58

Total Interest = $342.58

<h3>Shelli's investment:</h3>

N (# of periods) = 12 quarters (3 x 4)

I/Y (Interest per year) = 11%

PV (Present Value) = $800

PMT (Periodic Payment) = $0

<u>Results</u>:

FV = $1,107.83

Total Interest $307.83

Thus, the worth of Staci's investment today is <u>$1,242.58</u>, while Shell's is <u>$1,107.83</u>.

Learn more about determining future value at brainly.com/question/24703884

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6 0

1 year ago

Services differ from manufacturing for all of the following reasons EXCEPT: a. Heterogeneity b. Time-perishable capacity c. Simu

wolverine [178]

Answer:C. Simultaneous production and consumption.

Explanation:

Production and consumption occuring at the same time will not make products to differ.

Heterogenity which refers to different qualities in firms will lead to different products. Time perishable capacity which means idle time during low patronage will still allowed products differences, Abilities to limit the discretionary input of personnel will not debar product differences and Customer provides significant input into the process will allowed products differences.

4 0

2 years ago

Economic growth in the country of Southville has slowed down in the last few months. Following a collapse in housing prices, se

skad [1K]

Complete Question:

A. According to census data, the percentage of Southville's population that lives in rural areas has gradually been shrinking.

B. The standards for obtaining a mortgage loan in Southville have been more stringent compared to many other countries.

C. Prior to the crisis, the prices of existing homes also increased in proportion to the prices of new homes in Southville.

D. A large proportion of home buyers in Southville were individuals who already owned one or more houses.

E. The inflation-adjusted real wage in the construction industry increased by 10 percent prior to the crisis.

Answer and Explanation:

Options A and D would weaken Bob's argument. The reason why option A would weaken Bob's argument would be because Bob said that the population is increasing whereas the according to the census data, the population has gradually been shrinking.

The reason for option D is that the individuals who already owned houses were buying new houses. So what was the need for them to buy additional new houses?

4 0

2 years ago

Steve Colburn's portable sawmill used 100% for business, was completely destroyed by fire. The sawmill had an adjusted basis of

pashok25 [27]

Answer: $35,000

Explanation:

A casualty loss is simply a loss that an individual or business incurs when a property is damaged, or destroyed due to an unexpected or sudden event like fire, volcanic eruption, flood etc.

Here, Steve's casualty loss will be gotten when we compare both his adjusted basis and the fair market value and then we choose the lesser one. Since $35000 is lesser than $50000, therefore the answer will be $35000.

8 0

3 years ago

You operate a car detailing business with a fixed amount of machinery (capital), but you have recently altered the number of wo

NemiM [27]

Answer:

1.5 cars

Explanation:

Three employees can produce a total of:

= 4 × 3

= 12 cars in an hour.

Five employees can produce a total of:

= 3 × 5

= 15 cars in an hour

So, the increase in total product of labor as I increase the labor from 3 to 5 employees:

= Total product when 5 employees are hired - Total products when 3 employees are hired

= 15 - 12

= 3 cars.

So, the marginal product of moving from 3 to 5 workers:

= 3 ÷ 2

= 1.5 cars

3 0

3 years ago