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GuDViN [60]
3 years ago
9

What is the present value on January 1, 2019, of $30,000 due on January 1, 2023, and discounted at 10% compounded annually? $ 95

,095.96 What is the present value on January 1, 2019, of $40,000 due on January 1, 2023, and discounted at 11% compounded semiannually?
Business
1 answer:
Lisa [10]3 years ago
4 0

Answer:

$20,490.3

$26349.24

Explanation:

Data provided in the question:

Future value of the amount due on January 1, 2023 =  $30,000

Discount rate, r = 10% = 0.10

Time, n = 4 years          [from 2019 to 2023]

Now,

Future value = Present value × (1 + r)ⁿ

thus,

$30,000 = Present value × (1 + 0.1)⁴

or

$30,000 = Present value × 1.4641

or

Present value = $20,490.3

Case 2:

Future value of the amount due on January 1, 2023 =  $40,000

Discount rate, r = 11% = 0.11

Time, n = 4 years          [from 2019 to 2023]

Now,

Future value = Present value × (1 + r)ⁿ

thus,

$40,000 = Present value × (1 + 0.11)⁴

or

$40,000 = Present value × 1.51807041

or

Present value = $26349.24

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eduard
If you multiply $299.70x 62- 14,000months you get = 4,581.4 so yeah
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Consumers have certain rights that do not carry corresponding responsibilities. true or false.
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3 0
3 years ago
Shaan and Anita currently insure their cars with separate companies, paying $790 and $645 a year. If they insure both cars with
iren2701 [21]

Answer:

The future value of annual savings is $1,370.30

Explanation:

The amount of annual savings =(Shaan's premium +Anita's premium)*10%

Shann's premium is $790

Anita's premium  is $645

Annual savings =($790+$645)*10%

                          =$143.5

The future value formula is given below:

=-fv(rate,nper,pmt,-pv)

rate is 5% annual interest rate

nper is the 8 years that is the duration of investment

pmt is the annual savings of $143.5

pv is the total amount invested now which is zero

=-fv(5%,8,143.5,0)

fv=$ 1,370.30

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In July, a customer invested $10,000 in the ABC Mutual Fund. In December of the same year, ABC announced a long-term capital gai
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Answer:

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Capital gain from from redemption is treated as short term

Explanation: Capital gains may be explained as the profit made from the sale of a property or investment. Depending on the holding duration of the stock or bond, a capital gain may be classed as short term is held for below one year or long-term, of held for more than 1 year. However, According to the Internal Revenue service regulation, Capital gains are taxed as long term irrespective of the holding period in which the owner has possessed the fund.

Capital gains redemption however, follows the usual time-line and in this case would be taxed as short-term because the holding period is between July to May, which is a 10 months. Since it hasn't exceeded a year, then, it is classed as short term.

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How long after a tax taking can a treasurer begin land court proceedings?
mariarad [96]

Answer:

D. 180 days

Explanation:

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