Answer:
Explanation:
Using future annuity formula
Fv = Pmt ( (1+r)ⁿ -1 )/ r
+ 1 = (1+r)ⁿ
In ( + 1) = n In ( 1+r)
n = In ( + 1) / In ( 1 + r)
FV, future value = $10,000, Pmt, periodic payment per year = $1,100, r rate = 11.82% = 0.1182 and n = number of years
n = 0.7297 / 0.11172 = 6.53 years approx 7 years
the last year payment will actually be less than $1,100
D) when you charge more than your current credit limit
Why: because my sister has done it and I did that question in my school
Hope this helps good luck!!
<span>It's an initiative by the United States Department of Agriculture to create School gardens, community gardens, urban farms, and small-scale agriculture projects in rural and urban areas, to benefit the community itself and help achieve sustainable development.</span>
Answer:
$46,000
Explanation:
We can find out the the revaluation gain that need to be reported at the year end by just deducting the the cost of the investment by its current fair value .
DATA
Fair value = 588,000
Cost = 542,000
Revaluation gain = Current fair value - Cost
Revaluation gain = 588,000 - 542,000
Revaluation gain = $46,000
The revaluation gain of $46,000 will be reported in other compreensive income of smith's financial statements.
Answer:
4.9%
Explanation:
The computation of the annual average rate of return over the three years is shown below:
Given that
Positive return in 1st year is 12.5%
The Negative return in 2nd year is 3.3%
And, the positive return in 3rd year is 5.5%
So, the annual average rate of return is
= (12.5% - 3.3% + 5.5%) ÷ (3 years)
= 4.9%