I think it depends on how people think of you and how much money you get paid, but I would say being with others. Just because it said you were working as a team. I would not consider "a want" in this situation.
Answer:
Using the compounding formula we can calculate the amount that I will earn by calculating the difference between the Future value of the investment and the amount invested.
Step 1 Find Future Value
FV = Present Value * (1+r)^n
So
Future Value = $750,000 * (1+9%)^1
FV = $817,500
Step 2 Find the Difference between he Future value of the investment and the amount investment
And the amount invested is $750,000
The amount I can withdraw = FV less The amount invested
The amount I can withdraw = $817,500 - $750,000 = $67,500
So the amount that I will earn and I can withdraw annualy is $67,500.
Answer:
You can put this solution on YOUR website!
A 1987 advertisement in the New Yorker solicited offers on a 1967 Mercury Cougar XR7 (Motor Trend's 1967 car of the year) that had been stored undriven in a climate controlled environment for 20 years.
If the original owner paid $4000 for this car in 1967, what price would he have to receive in 1987 to obtain a 10 percent annual return on his investment?
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If the 10% is compounded yearly the price is as followed.
A(10) = 4000(1+(0.10/1))^(10*1)
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A(10) = 4000(1.1)^10
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A(10) = $10,374.97
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Cheers,
Stan H.
The necessary journal entry is 4000$.
The journal entry is a document of a commercial enterprise transaction for your commercial enterprise books. In double-access bookkeeping, you make a minimum magazine entry for every transaction. because a transaction can create plenty of modifications in an enterprise, a bookkeeper tracks them all with magazine entries.
An instance of a journal entry includes the acquisition of machinery by u.s . where the machinery account may be debited, and the cash account may be credited. There are three primary forms of a journal entry: compound, adjusting, and reversing.
Journal entry layout is the usual format used in bookkeeping to keep a file of all of the agency's commercial enterprise transactions and is especially based totally on the double-entry bookkeeping device of accounting and ensures that the debit aspect and credit score facet are always equal.
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