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mamaluj [8]
4 years ago
8

You need to have $32,000 in 14 years. You can earn an annual interest rate of 3 percent for the first 4 years, 3.6 percent for t

he next 3 years, and 4.3 percent for the final 7 years. How much do you have to deposit today
Business
1 answer:
melomori [17]4 years ago
3 0

Answer:

PV= 19,042.84

Explanation:

Giving the following information:

You need to have $32,000 in 14 years. You can earn an annual interest rate of 3 percent for the first 4 years, 3.6 percent for the next 3 years, and 4.3 percent for the final 7 years.

<u>To calculate the initial deposit, we need to use the following formula for each interest rate:</u>

<u></u>

PV= FV/(1+i)^n

<u>Last 7 years:</u>

PV= 32,000/(1.043^7)

PV= $23,831.96

<u>Year 4 - 7:</u>

PV= 23,831.96/1.036^(3)

PV= 21,432.88

<u>Finally, for year 0 to 4:</u>

PV= 21,432.88/ 1.03^(4)

PV= 19,042.84

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Pastoria Enterprises has scheduled raw material purchases of $100,000 in January, $130,000 in February, and $150,000 in March. T
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Answer:

B

Explanation:

The question asks to calculate how much will be disbursed by the company in February.

Firstly , we know that the company disburses 75% in the month of purchase and 25% during the month after purchase.

Now, 75% of $130,000 would be disbursed as February’s own payment:

Mathematically 75/100 * 130,000 = 97,500

Also, we should not forget that the company disburses 25% of previous month during the current. That is 25/100 * 100,000 = 25,000

Total amount disbursed is thus 25,000 + 97,500 = $122,500

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7 0
3 years ago
8. Hebner Housing Corporation has forecast the following numbers for this upcoming year: Sales $1,000,000 Cost of Goods Sold 600
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Explanation:

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8 0
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A company issued common stock and preferred stock. Projected growth rate of the common stock is 5%. The current quarterly divide
mr_godi [17]

Answer:

8%

Explanation:

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Answer:

. b. offer rebates and incentives for customers who purchase washing machines.

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