Answer:
$81.13
Explanation:
first we must calculate the effective monthly interest rate:
1.06 = (1 + i)¹²
1.004868 = 1 + i
i = 0.4868%
the future value of this annuity is given, but we need the monthly contribution:
monthly contribution = future value / FV annuity factor
future value = $1,000
FV annuity factor, 0.4868%, 12 periods = 12.32656
monthly contribution = $1,000 / 12.32656 = $81.13
Answer:
$937.59
Explanation:
In this question, we use the PV formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Future value = $1,000
PMT = 1,000 × 5.76% ÷ 2 = $28.80
NPER = 21 years × 2 = 42 years
Rate of interest = 6.3% ÷ 2 = 3.15%
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value would be $937.59
Answer: True
Explanation: A resident alien normally shares similar rules for filing revenue, property and gift tax recoveries and payment of calculated tax whether the person is in the United States or abroad. The resident alien can make use of similar forms and mailing particulars of where he or she lives as the citizens of the United States and also be able to claim similar deductions permitted to citizens of the United States for the whole tax year. However, special regulations apply to the taxation of foreign individuals studying in a university and specialists in a particular branch of study.
Answer:
Planner
Explanation:
I am not 100% sure. But I think I'm close.
Sorry anyways.
Answer: The price of the popular product will increase.
Explanation:
Since it is stated that the product is popular. It means that it has vaule to most therefore when the price increases most will still buy as long as it is in reason.