Answer:
you should pay up to $2,737.84 to Tobi
Explanation:
first, the terminal price of the perpetuity must be determined = annual payment / r = $1,500 / .08 = $18,750
now, the present day value of the future terminal value
present value = future value / (1 + r)ⁿ = $18,750 / (1 + 8%)²⁵ = $2,737.84
Simple interest produces interest only over the initial amount.
So every year the interest will be $1000 * 5 / 100 = $50.
That is, after 3 years 3 * $50 = $ 150.
Simple interest does not take into account the reduction of the principal but calculates the interest over the same initial amount, in this case $1000.
So, the answer is $150, which is the result of $50 times 3.
To reconcile for a bank service fee listed on the bank statement, <u>C. enter it</u> into your external register in the same manner as a withdrawal.
<h3>What are bank service fees?</h3>
Bank service fees are charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.
During bank reconciliation, the correct procedure is to record this transaction in the books as a reduction of the bank balance.
Thus, to reconcile for a bank service fee listed on the bank statement, take Option C.
Learn more about bank service charges at brainly.com/question/26494219
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Answer: Trade associations are non-profit organizations whose primary purpose is to <u>provide different learning tools for businesses in a particular industry.</u>
What is a Professional Development Plan?
A Professional Development Plan (PDP), also known as an Employee Development Plan or an Individual Development Plan, is used to document career goals and set out a strategy on how to meet them.
Creating a PDP takes time and planning. But, writing and implementing a PDP can help you to identify and develop the professional skills needed to reach your goals, and can keep you on the track to success. It’s an important process that helps you achieve your potential, reach your goals and take charge of your professional development.
Now is the time to start thinking about where you want your future to take you.
How to Write a Professional Development Plan
There are 9 steps to completing a PDP:
Assess where you are now.
Identify your specific career goals.
Gather information.
Identify what professional skills you already have and which you need to work on.
Choose how you will accomplish your goals.
Develop a timeline for accomplishing your specific targets and goals.
Write it all down.
Evaluate your plan.
Measure your progress.