Explanation:
Memo
To,
Attorney
Respected Sir,
I hope that you are fine. I have been approached by a client who wants to purchase a small business and she wants to seek support of an attorney as well for the legal protection of her business deal. However she is a bit reluctant to hire more people as she has a very limited budget and might not pay you beyond her budget. She also wants to settle the deal as soon as possible.
I have seen her case and there is margin in overall deal price. She is paying to the seller a bit more than market situation, so here is a solution that I propose.
Mr Attorney; you get in with her on the deal to provide your services and in return whatever discount we can bargain from the deal, would be shared with you also as your fees. Since the client is willing to pay early, so once the deal is done you can get your fee also.
Hope to hear from you soon on this.
Regards,
XYZ enterprise
Answer:
Results are below.
Explanation:
Giving the following information:
Monthly saving= $200
Future value= $9,384.44
Number of years= 3
<u>a) To calculate the Future Value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,400*[(1.11^3) - 1]} / 0.11
FV= $8,021.04
<u>b) To calculate the semiannual deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= semiannual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
i= 0.15/2= 0.075
n= 3*2= 6
A= (9,384.44*0.075) / [(1.075^6) - 1]
A= $1,295.47
<u>c)</u> i= 0.1375/4= 0.0344
n= 3*4= 12
A= (FV*i)/{[(1+i)^n]-1}
A= quarterly deposit
A= (9,384.44*0.0344) / [(1.0344^12) - 1]
A= $644.89
<u>d)</u> i= 0.115/12= 0.0096
n= 3*12= 36
A= (FV*i)/{[(1+i)^n]-1}
A= monthly deposit
A= (9,384.44*0.0096) / [(1.0096^36) - 1]
A= $219.46
<u>e)</u> i=0.0825/52= 0.0016
n= 3*52= 156
A= (FV*i)/{[(1+i)^n]-1}
A= weekly deposit
A= (9,384.44*0.0016) / [(1.0016^156) - 1]
A= $53.01
Answer:
correct option is C : $3,971
Explanation:
given data
salvage value = $10,000
time = 12 year
rate = 8 %
to find out
what is the present value of the equipment's salvage value
solution
we get here present value of the equipment salvage value that is express as
present value of the equipment = $10000 × Present value of discounting factor
put here value we get
=
=
= 3971
so correct option is C : $3,971
They would be best suited to work as an Accountant