Answer:
You must pay a fine of not more than $4,000
Answer:
The five deposits will be for $ 1,263.360
Explanation:
at the given rate of 4%
we are going to do 5 deposits.
Then, after 5 years we subtract 3,000 dollar during 3 years:
First, we solve for the PV of tat annuity:
C 3,000.00
time 3
rate 0.04
PV $8,325.2731
Then, we discount for the 5 years waiting period:
Maturity $8,325.2731
time 5.00
rate 0.04000
PV 6,842.7676
Now, we solve for which annuity of 5 deposits generates that amount:
FV 6,843
time 5
rate 0.04
C $ 1,263.360
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Answer:
medium of exchange. since it is being offered in exchange for the car
Answer: $134,000
Explanation:
The value that the land should be recorded in Easy Repair Service records will be $134,000 because it was the counter offer and the price paid by Easy Repair in the acquisition of the land, therefore this should be the value of the land.
The value for the acquisition of land include all expenses that were also involved when buying the land like the legal fees on the land etc but in this scenario, only the $134,000 was provided, hence, that's the answer.
