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Aleksandr [31]
3 years ago
7

Wildhorse Inc. wishes to accumulate $1,092,000 by December 31, 2030, to retire bonds outstanding. The company deposits $168,000

on December 31, 2020, which will earn interest at 10% compounded quarterly, to help in the retirement of this debt. In addition, the company wants to know how much should be deposited at the end of each quarter for 10 years to ensure that $1,092,000 is available at the end of 2030. (The quarterly deposits will also earn at a rate of 10%, compounded quarterly.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Business
2 answers:
Ulleksa [173]3 years ago
7 0

Answer:

Quarterly deposit= $9,508.68

Explanation:

<u>First, we need to calculate the future value of the initial investment:</u>

FV= PV*(1+i)^n

PV= $168,000

i= 0.10/4= 0.025

n= 10*4= 40

FV= 168,000*(1.025^40)

FV= $451,090.73

Difference= 1,092,000 - 451,090.73= $640,909.27

<u>Now, to calculate the quarterly deposit, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (640,909.27*0.025) / [(1.025^40) - 1]

A= $9,508.68

klasskru [66]3 years ago
5 0

Answer:

I think the answer is $9,508.68?

Explanation:

Sorry, If wrong, I am stupid.

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Answer: C. are, predict

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Improving stock prices and increasing factory production are why economists predict continuing economic improvement in the next quarter.

When there is an increase in the prices of stock and factory production, this can bring about an improvement in the economy as it will lead to economic growth as there will be increase in demand which ultimately leads to employment opportunities and also rise in the standard of living of the people.

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Chen Company's account balances at December 31, 2017 for Accounts Receivable and the Allowance for Doubtful Accounts are $800,00
Hatshy [7]

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5 0
3 years ago
A marketing company wants to estimate the proportion of consumers in a certain region of the country who would react favorably t
Sindrei [870]

The closest to the minimum number of consumers needed to obtain the estimate with the desired precision is (b) 271

Explanation:

When the prior estimate of population proportion is not given , then the formula to find the sample size is given by :-

n=0.25(\frac{z^{*} }{E} )^{2}

where E = Margin of error.

z* = Critical z-value.

As per given , we have

E = 5%=0.05

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The critical value of z at 90% is 1.645  (By z-table)

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Nuetrik [128]
This is tough to answer in 3-5 sentences, and tends to also be a heavy identifier of your possible political leanings.  You'll have to apologize if some of mine leak out in the response, but this is a question we debate hotly more frequently than every 4 years.

In general, international trade can help increase the GDP and overall profits for US-based corporations.  However, if all we do is export, and we don't import, other countries don't look favorably upon that and may heavily tax our goods to counter this.

I believe we do need to be thoughtful about the amounts and kinds of international trade that we engage in.  For example, farming is always a hotly debated issue for international trade, in part because farmers in other countries with a dramatically lower cost of living OR farmers in countries with a favorable currency rate (exchange from their currency to our dollars gives them an advantage) can undercut our farmers here in the US, many of whom are already struggling.

There are also those who are worried that when we import produce from countries that have not outlawed pesticides we know are carcinogenic, for instance, this creates not only a disadvantage for US farmers, but also for consumers who may be concerned about health issues.

As another example of this, many countries outlawed import of US beef during the Mad Cow Epidemic.  We in turn also placed bans on importing beef from the UK.  

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5 0
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