In order to increase the sales of pizzas in a shopping mall, the management decides to insert very brief flashes of pizza images
1 answer:
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Answer:
correct option is a. $617,911
Explanation:
given data
issued = $600,000
rate = 10 %
time 5 year
amount = $648,666
effective-interest rate = 7%
solution
we get here carrying value so first we get here Interest paid per semiannual period that is
Interest paid per semiannual period = $600000 ×10% ×
Interest paid per semiannual period = $30000
and
Interest expense on 30 June = $648666 × 7% ×
Interest expense on 30 June = $22703
and
Interest expense on 30 December = $641369 × 7% ×
Interest expense on 30 December = $22448
so
Interest expense on 30 June = ($641369 - $7552) × 7% ×
Interest expense on 30 June = $22184
and
Interest expense on 30 December = ($633817 - $7816) × 7% ×
Interest expense on 30 December = $21910
so as that we get Carrying value of 1st January that is
Carrying value of January 1 = $633817 - $7816-8090
Carrying value of January 1 = 617911
so correct option is a. $617,911
Answer:
Taylor can withdrawn 1,374.20 dollars each month
Explanation:
Timeline:
deposits of 444 for 20 years = withdrawals of X for 15 years
<-----/-/-/-/-/-/-/-/-/-/-/-/-/-/-/-/-/---\\-\-\-\-\-\-\-\-\-\-\-\->
We must calcualte amount to satisfy:
future value of his deposits = present value of his withdrawals
We first need to get the future value of the retirement account
and then the PMT this fund can do.
<u>deposits future value:</u>
C $ 444
time 240 (20 years x 12 months er year)
rate 0.003333333 ( 0.04 annual rate / 12 months = monthly rate)
FV $162,847.9340
<u>withdrawals PMT:</u>
PV $162,847.93
time 180
rate 0.005
C $ 1,374.203