Answer:
$8,369.38
Explanation:
The amount that must be placed in the account can be viewed as a yearly instalment usually represented by PMT. The PMT is calculated as :
PV = $0
FV = $40,000
N = 4
P/yr = 1
I/yr = 12%
PMT = ??
Using a Financial calculator, PMT is $8,369.38
thus,
The amount that must be placed in the account at the end of each year is $8,369.38.
The value of any money is determined by supplys and demands and the supplys and demands for other goods in the economy
How much consumers would be willing to pay for a new product
Answer:
$10,000
Explanation:
Owner's capital is calculated as = Owner's capital at the beginning of the period + Additional investment for the year + Net income - Drawings.
Given that ;
Owner's capital at the beginning = $2,250
Additional investment = $1,750
Net profit = $3,500
Drawings= ($2,500)
= $2,250 + $1,750 + $3,500 - (-$2,500)
= $10,000
Therefore, owner's capital at the end of the year is $10,000
If he applied and acquired for a new credit card and uses it regularly he will fall under: Voluntary.
<h3>What is credit card?</h3>
Credit card can be defined as the card that enables the card holder to carryout transactions such as purchases online in which the holder is expected to payback the amount used for the purchases.
If a obtain a new credit card which he use often or frequently, bill will tend to fall under voluntary because he voluntary applied for the credit card without being comply to do so.
Therefore bill will fall under voluntary.
Learn more about credit card here:brainly.com/question/8432538
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