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zhenek [66]
3 years ago
12

Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits an

d compounding at the same intervals as deposits. Round your answer to the nearest cent.) $30,000 in a fund paying 2% per year, with monthly payments for 10 years
Business
1 answer:
ikadub [295]3 years ago
3 0

Answer:

$ 226.04

Explanation:

Given:

Paying fund, FV = $ 30000

Interest rate, i = 2%

Time, t = 10 years

Now,

\textup{PMT}=\textup{FV}[\frac{i}{(1+i)^n-1}]

since, the payment is made monthly

thus,

n = 10 × 12 = 120 months

i = 2% / 12 = 0.02 / 12

on substituting the values in the above equation, we get

PMT={30000}[\frac{\frac{0.02}{12}}{(1+{\frac{0.02}{12}})^{120}-1}]

or

PMT = $ 226.04

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The Young Woman's Club of Williams has been operating for seventy-five years as an organization that supports women who stay at
likoan [24]

Answer:

A) a liability.

Explanation:

Probably, the strong culture held by the Young Woman's Club of Williams (YWCW) will be perceived to have a very low tolerance for diversity by the newcomers. It will also prevent the organization from growing in number. That doesn't mean that it will lose affiliates, but the total number of affiliates will not grow according to the growth in Williams's total population.

Since its strong culture will prevent the YWCW from growing and adapting to community changes, it should be considered a liability.

3 0
3 years ago
While the four Ps help us remember the basics components of the __________, they don't reveal all the components in the marketin
nata0808 [166]

Despite that 4Ps helped to remember the basics components of the <u>marketing mix</u>, they do not reveal all the components in the marketing process.

<h3>What is Marketing 4Ps?</h3>

The Marketing 4Ps is an economic model that enhances the components of a firm "marketing mix", that is, they enhance the way firm take a new product or service to market.

The Marketing 4Ps includes price, product, promotion and place.

However, the marketing mix does not reveal all the components in the marketing process.

Read more about Marketing 4Ps

<em>brainly.com/question/859394</em>

3 0
2 years ago
Consider the following events: a. A fruitworm infestation ruins a large number of apple orchards in the state of Washington. Thi
Vikentia [17]

Answer:

Both statements are true

Explanation:

Due to the worm infestation, there would be a fall in supply of apples, this would lead to a shift of the supply curve  to the left

a fall in price in apples, would lead to a movement down along the supply curve.

Only a change in price of a good leads to a movement along the supply curve for the good, other factors lead to a shift of the supply curve

8 0
2 years ago
Listed below are several transactions. For each transaction, indicate whether the ca financing, or noncash activity. Also, indic
mariarad [96]

Answer:

1. <u>Operating and Cash outflow:</u> Payment of employee salaries.

2. Investing and Cash inflow: Sale of land for cash. Investing

3. Operating and Cash outflow: Purchase of rent in advance.

4. Operating and Cash inflow: Collection of an account receivable.

5. Financing and Cash inflow: Issuance of common stock.

6. Operating and Cash outflow: Purchase of inventory

7. Investing and Cash inflow: Collection of notes receivable.

8. Operating and Cash outflow: Payment of income taxes.

9. Noncash activity, so no effect: Sale of equipment for a note receivable.

10. Financing and Cash inflow: Issuance of bonds.

11. Investing and Cash outflow: Loan to another firm.

12. Financing and Cash outflow: Payment of a long-term note payable.

13. Financing and Cash outflow: Purchase of treasury stock.

14. Operating and Cash outflow: Payment of an account payable.

15. Investing and Cash inflow: Sale of equipment for cash.

Explanation:

A statement of cash flow is a financial statement that gives the aggregate cash inflow and cash outflow in an organization during an accounting period. The three categories of statement of cash flows are investing activities, financing activities, and operating activities.

1. Investing activities are essentially the cash activities with respect to non-current assets such as sale of equipment for cash.

2. Financing activities refers to cash activities with respect to owners’ equity and non-current liabilities such as purchase of treasury stock.

3. Operating activities are mainly the cash activities with respect to net income such as payment of employee salaries.

8 0
2 years ago
When people die, they usually own property, owe debts, and may be owed money by other people. The probate process is often requi
liq [111]

1. The personal representative of a decedent is known as an executor.

2. In a situation where the decedent does not have a valid will, the court-appointed representative who supervises the probate process is called an <u>administrator</u>.

<h3>What is the probate process?</h3>

The probate process refers to the formalized legal process followed to recognize a will and appoint the executor or administrator (as the decedent's personal representative) to administer the estate and distribute assets to the intended beneficiaries.

The executor or administrator is responsible for supervising the probate process and settling the estate of the deceased or decedent.

Thus, whereas, the personal representative of a decedent is called an <u>executor</u> with a valid will, they are known as <u>administrators</u> when the court appoints them to the office.

Learn more about administering a will at brainly.com/question/25694947

4 0
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