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Nady [450]
3 years ago
12

ou need to have $25,000 for a down payment on a house 5 in years. If you can earn an annual interest rate of 4.7 percent, how mu

ch will you have to deposit today
Business
1 answer:
artcher [175]3 years ago
7 0

Answer:

$19,870.39

Explanation:

To find the amount that you will have to deposit today, you have to use the formula to calculate the present value:

PV=FV/(1+i)^n, where

PV= Present value

FV= Future value=$25,000

i= interest rate=4.7%

n= number of periods of time= 5 years

PV=25,000/(1+0.047)^n

PV=25,000/(1.047)^5

PV=19,870.39

According to this, the answer is that you will have to deposit today $19,870.39.

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Prepaid Insurance $ 3,600 Supplies 3,500 Equipment 18,750 Accumulated Depreciation—Equipment $ 8,400 Notes Payable 21,000 Unearn
SOVA2 [1]

Answer:

1. Depreciation expense 3600

          Accumulated depreciation 3600

2.Unearned rent  330666

                 Rental income 330666

3. Interest expense     2100

               Interest payable               2100

4.Cost of goods manufactured 2640

           Supplies                                2640

5. Insurance expense 2400

              Prepaid insurance  2400

Explanation:

depreciation for the year = 300*12=3600

2. Earned rent was 62000/3*4=330666

3.Interest expense for the year = 525*4=2100

4.opening supplies were 3500 and ending were 860 so (3500-860)=2640 were consumed and 860 will be reported to balance sheet.

5. Opening prepaid insurance was =$3600

Insurance was expense out at the rate of $200 per month = 200*12=$2400

$1200 shall be reported to balance sheet.

8 0
3 years ago
To start out, general operating expense should not exceed<br> O 7%<br> 33%<br> 2596<br> O<br> 10%
marshall27 [118]

Answer:

25%.

To start out, general operating expense should not exceed 25%.

Add-on:

i hope this helped at all.

8 0
3 years ago
What effective time management tools should human resources managers use to make effective use of their time when it comes to co
olasank [31]

Answer:

The answer is below

Explanation:

They are various Time Management Tools in which an individual can use to manage his or her time effectively. Thus, human resources managers can use any of the listed time management tools in order to make effective use of their time when it comes to coping with demands, constraints, and choices confronting them:

1. To Do List

2. Calendar

3. Address Book

4. Notebook

5 0
3 years ago
What is your passion
Andre45 [30]
What do you want to be when you grow up?
8 0
3 years ago
Read 2 more answers
The united states and kenya are exploring the possibility of a trade deal. ________ refers to a situation in which a government
Leto [7]

The united states and kenya are exploring the possibility of a trade deal. <u>Free Trade </u>refers to a situation in which a government does not attempt to restrict what its citizens can buy from or sell to another country.

<h3>What is Free Trade?</h3>

A free trade policy is one in which imports and exports are not restricted. It is also known as the free market concept applied to international trade. Most countries now participate in multilateral trade agreements negotiated by the World Trade Organization. Goods and services can be purchased and sold across international borders with little or no government taxes, quotas, subsidies, or bans impeding their interchange under a free trade policy. Trade protectionism and economic isolationism are the polar opposites of free trade.

To learn more about Free Trade from the given link

brainly.com/question/10608502

$SPJ4

5 0
2 years ago
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