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Amiraneli [1.4K]
3 years ago
6

Derek just received a bonus and wishes to set aside a portion of it in order to save for a 10-year reunion cruise that his old c

ollege fraternity is sponsoring, 4 years from now. His broker says that he can buy a bond that matures in 4 years with an APY of 6%,The cost of the cruise is :
Business
1 answer:
kotegsom [21]3 years ago
3 0

Answer:

$3,168

Explanation:

We will receive $4000 in future (after 4 years time) which means all we want to know is the amount that we Derek must deposit today.

This present value of the $4000 payment received after 4 years from today can be calculated using the following formula:

Present value = Future Value / (1 + r)^n

Here

Future Value is $4000

r is 6%

n is 4 years

So by putting values, we have:

Present value = $4000 / (1 + 6%)^4 Years

Present value = $3,168

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In its first year of operations Acme Corp. had income before tax of $400,000. Acme made income tax payments totaling $150,000 du
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$10,000 (Credit balance)

Explanation:

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8 0
3 years ago
When​ materials, information, and services gain value as they move from the​ raw-materials supplier to the end​ customer, they a
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Answer:

When​ materials, information, and services gain value as they move from the​ raw-materials supplier to the end​ customer, they are said to be moving through​ ________.

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B.  a​ value-added analysis

C.  business process re-engineering

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E.  ​just-in-time production

Answer: A

Explanation:

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