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4 years ago

Rebecca would like to set up an account to supplement her parents' retirement income for the next 15 years.

Business

1 answer:

vova2212 [387]4 years ago

5 0

Answer:

Explanation:

a.)

This is an annuity type of question. Using a financial calculator, input the following to find the PV of the Ordinary annuity;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,845.24

b.) This is an Annuity Due type of question since the recurring monthly payment occur at the beginning of the month.

Using a financial calculator, change the mode to "BEG" and input the following to find the PV of the annuity due;

Total duration; N = 15*12 = 300

Monthly rate; I/Y = 7.2%/12 = 0.6%

One-time future cashflow; FV = 0

Recurring monthly payment; PMT = 150

then compute present value; CPT PV = $20,970.31

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kvv77 [185]

Answer:The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds

Explanation:

Number of bonds = Amount need to expand business / Bond price

But

Bond price = $1,000 / [1 + (0.0575 / 2)^(15 × 2)

Bond price = $1,000 / 1.02875 ^ 30

Bond price = $1,000 /2.340

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Therefore the Number of bonds = $31, 300,000 / $427.350

Number of bonds= 73,242 bonds

The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds

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3 years ago

The best way for a firm to close the knowledge gap is to

Tatiana [17]

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The best way to close the knowledge gap includes

Setting appropriate service criteria.
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"The options to the question includes"

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3 years ago

Describe your knowledge of accounting principles, auditing techniques, standard tax law and general investigative methods.

LuckyWell [14K]

Explanation:

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standard tax law: The law proposed by the government stating that the portion of income that is not subject to tax is used to reduce your tax bill. The deduction is based on age, filing status, and whether you are disabled or claimed as a dependent on someone else's tax return.

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3 years ago

The current yield on a bond is equal to A. annual interest divided by the par value. B. the yield to maturity. C. the internal r

lisov135 [29]

Answer:

The answer to your question is A. annual interest divided by the par value.

Explanation:

I hope this helps and have a good day!

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2 years ago