Answer:
your father originally invest is $13035.72
Explanation:
given data
investment time = 33 years
interest rate = 4.25 percent
totaled $51,480.79
solution
we get present value by future value formula that is
future value = present value × .........................1
put here value and we get
$51480.79 = present value ×
solve it we get
present value = $13035.72
so your father originally invest is $13035.72
Answer: a.5.98%
Explanation:
Using the RATE function in Excel, the annual rate of return required can be found with relative ease.
Number of periods = 30 * 12 months = 360 months
Payment = $1,000
Present Value = 0
Future value = -$1,000,000
The rate given is a monthly rate of 0.4958789%
This is a year rate of = 0.4958789 * 12 = 5.9505468%
Which is closest to 5.98%
The United States has issued a variety of currency notes for use in paying income tax, making investments, and making purchases from colonial to current times. Alexander Hamilton establishes the Bank of the United States in order to create a system of credit for the government.
<h3>What does an increase in labor efficiency mean?</h3>
favorable change If the labor efficiency variance is in the company's favor, it means that the workforce is operating as it should and that the number of hours it spends producing is in line with the business's planned criteria.
<h3>What do the symbols on Continental currency designs represent?</h3>
In a number of designs of Continental Currency, the thirteen colonies that battled and vanquished Great Britain during the American Revolution are shown. These representations represent the aspirations and virtues of the colonies.
Learn more about banknotes:
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Answer:
$2,108
Explanation:
Max purchases a used car for $3400.
The sales tax paid was 62%
The tax amount would be 62% of $3,400
=62/100 x $3,400
=0.62 x $3,400
=$2,108
Tax amount = $2,108
Answer:
The average unit cost per unit =$6.455 per unit
Explanation:
The average unit cost is the sum of he cost of opening inventory and purchase for the period divided by the total units for the period
Average Unit cost=
$((3,000 × 5) + (8,000× 7))/(3000+8000) units
=$ 71000/11,000 units
=
$6.455 per unit
The average unit cost per unit =$6.455 per unit