Answer:
The amount that should be invested to total $45,000 in 8 years is $18,995.
Explanation:
According to the situation, you have to calculate the amount that you have to invest in the present to get $45,000 in eight years. You can find it using the formula:
P= F/(1+(i/n))^nt
P= present value
F= future value: $45,000
i= interest: 11%
n= number of times compounded per year: 3
t= time in years
P= $45,000/(1+(0.11/3))^(8*3)
P= $45,000/(1+0.0366)^24
P= $45,000/2.369
P= $18,995
Answer:
Option A. direct write-off method and the allowance method
Explanation:
The allowance method it's when the company at the end of each accounting year register an entry to anticipate losses during the next year, this method works by an estimation of losses each year.
By the Direct write-off method the company doesn't anticipate the losses, it register it at the moment it occurs.
I believe the speaker of the poem took the more difficult road. He took the road less traveled by. That means he took the road with less people. His journey had to be more lonely. He took the road that the majority of people avoid.
Answer:
The total amount that you will have after 30 years=$151,018.50
Explanation:
Step 1: Determine the total amount after the first 10 years
Total amount after the first 10 years can be expressed as;
A=P(1+r)^n
where;
A=Total amount after 10 years
P=Initial investment amount
r=annual interest rate
n=number of years the money is invested
In our case;
P=$12,500
r=7%=7/100=0.07
n=10 years
Replacing;
A=12,500(1+0.07)^10
A=24,589.39
Total amount after the first 10 years=24,589.39
Step 2: Total amount after 30 years
To calculate the total amount for the 30 years, we use 24,589.39 as the initial deposit for the last remaining 20 years;
where;
P=24,589.39
r=9.5%=9.5/100=0.095
n=20 years
Replacing;
A=24,589.39(1+0.095)^20
A=151,018.50
The total amount that you will have after 30 years=$151,018.50
