Answer:
Annual deposit= $4,169.59754
Explanation:
Giving the following information:
Donald Martin is 30 years and wants to retire when he is 65.
PV= 6,450 + 4,300= $10,750
i= 0.0854
Number of years= 35
First, we need to calculate the final value of the initial investment:
FV= PV*(1+i)^n
FV= 10,750*(1.0854^35)
FV= 189,257.05
Now, we can calculate the annual deposit required. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
FV= 1,000,000 - 189,257.05= 810,742.95
A= (810,742.95*0.0854) / [(1.0854^35)-1]
A= $4,169.59754
Answer:
One of the biggest limitations of accounting is that it cannot measure things/events that do not have a monetary value. If a certain factor, no matter how important, cannot be expressed in money it finds no place in accounting.
Answer: Option (A) and (C)
Explanation:
Short-term memory is also known as active or primary memory is referred to as capacity for holding small amount of data and information in the mind which is readily available for a short time period but has no capacity in order to manipulate this information. The time period of the short-term memory is supposedly believed to be in seconds. Whereas on the other hand, long-term memory tends to hold information indefinitely.
Answer:
• Payment
• Present value
• Future value
Explanation:
The payment function can be used to determine the periodic repayment of loans or any amount which is to be invested at io as to reach targeted amounts in future. The formula for a payment is given as:=PMT (rate, nper, pv, [fv], [type])
The Present value can be defined as a financial function in excel which used in determining the value of future cash flows relating to today's terms. That is, how much amounts which is receivable in the future is available today.The formulas for present value is given as:=PV(rate,nper,pmt,(fv),type))
The future value can be used when determining how much a certain amount or investment will be worth at future time. The formula fir calculating future value is FV A = A * {(1 + r)n - 1} / r.
Answer:
The correct answer is C. M1 plus near monies.
Explanation:
The liquidity approach emphasizes the role of money as a store of value and downplays the role it plays as a means of payment. To assess the amount of money emphasizes that the essentially distinctive property of money is that it is the most liquid of assets.
The strict money supply or circulating medium (M1), which defines money as the money in the hands of the public and demand deposits (DV) is the usual most accepted formula as money. Therefore, money in the strict sense is listed as such in the monetary statistics of the International Monetary Fund (IMF) and many other financial institutions around the world.
