Answer:
The correct answer is D "After expenses, Kim will need an additional $778.31 to start her company"
Explanation:
Equipment that Kim need:
3 laptops = $546.78 each one, so $546.78 x 3 (number of laptops) = $1640.34
2 desktop computers = $1255.99 each one, so $1255.99 x 2 (Number of desktop computers) = $2511.98
1 Fax Machine = $125.99 each one, so $125.99 x 1 (Number of fax) = $125.99
The total amount that Kim will need is: $1640.34 + $2511.98 + $125.99= $4278.31
And She currently has $3,500 in her account
<em>Kim will need and additional of $778.31, beacuse $4,278.31 - $3,500= $778.31</em>
Answer:
The annuity is $ 7243,28
Explanation:
To calculate the following we can use a financial calculator.
We are making deposits of $10000 for 10 years. The interest rate is 8%
We need to work out the future value of the lumpsum in 10 years time.
n = 10 i = 8% pmt = 10000 COMP FV
FV = $ 144865,62
Now to calculate the annual annuity receivable we divide this amount by 20.
144865,62 / 20 = $ 7243,28
Thus the annual annuity you will receive over the 20 year period is $7243,28
It's called a business subscription model.
<span>The Rule of 70 can be used to determine the length of time it would take for a variable to double. In this case, using a growth rate of 4%, we can divide 70/4 to find that it would take 17.5 years for the GDP of this nation to approximately double.</span>