What are choices for this question
Answer:
Total FV= $2,555,406.98
Explanation:
Giving the following information:
Investment 1:
Monthly deposit= $300
Number of months= 12*45= 540
Interest rate= 0.09/21= 0.0075
Investment 2:
Monthly deposit= $500
Number of months= 12*20= 240
Interest rate= 0.09/21= 0.0075
To calculate the future value, we need to use the following formula on each investment. <u>I separated into two to simplify calculations.</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
<u>Investment 1:</u>
FV= {300*[(1.0075^540) - 1]} / 0.0075
FV= $2,221,463.54
<u>Investment 2:</u>
FV= {500*[(1.0075^240) - 1]} / 0.0075
FV= $333,943.44
Total FV= $2,555,406.98
Answer:
In simple words, the goals and objectives are the end meets or which every action must be taken. If the point of destination is clear the managers of the company can plan and execute effectively taking each action according to that predetermined end point.
In my experience, I had a goal to secure more than 70 percent in my final year of graduation. By clearing my goal and objective i took every step in the year to achieve that goal. This made me help myself to keep control.
Compounding frequency is how often your interest is calculated and added
back into your account. The more frequently this happens, the more
interest you will earn.
Answer:
The answer is c. Equipment: 87,200; Gain/(loss): (15,500).
Explanation:
Since the exchange has commercial substance,
- Fair value of the equipment is equal to: Fair value of the land - Cash consideration receipt = 89,900 - 2,700 = $87,200.
- The disposal of land in the Balance sheet following the exchange needs to account for the differences between Book value of land and Fair value of land. Since Fair value is now smaller than Book Value, a Loss has to be recognized at the amount calculated as (Fair value - Book value) = (89,900 - 105,400) = $(15,500).
Thus, the answer is c. $87,200 $(15,500).
