Answer:
If John Paul invests $9000 in six years' time at an interest of 3.5% per year, he would have $12695.39 in sixteen years' time
Explanation:
John Paul would receive the gift for his promotion in six years' time and would only be able to invest the amount for ten years(16 years less 6 years).
In knowing the amount he would have if invests the $9000 for 10 years at an interest rate of 3.5%, we need to use future value formula,which is given as :
Future value=PV*(1+i)^n
PV present value is the amount to be invested =$9000
i is the rate of return of 3.5%
n is the period of investmet i.e. 10 years
FV=9000*(1+0.035)^10
FV=$12695.39
Answer:
d. willingness to pay of all buyers in the market.
Explanation:
The demand curve shows the relationship between the price of a good or service and the quantity demanded at a particular time.
Therefore, a demand curve reflects:
a. highest price buyers are willing to pay for each quantity.
b.quantity that each buyer will ultimately purchase.
c. value each buyer in the market places on the good.
With this in mind, what the demand curve does not reflect, with these in mind is a willingness to pay of all buyers in the market.
Answer: $828
Explanation:
Given the following :
Semi-annual payment = $40
Period = 20 years
Number of payments = (20 * 2)(semiannual) = 40 payments
Par value = $1000
Interest rate = 5%
Using the PV table:
PV at $1 (40, 5%) = 0.1420
PVA at $1 (40, 5%) = 17.159
[Par value * PV at $1 (40, 5%)] + [$40 * PVA at $1 (40, 5%)]
= ($1000 * 0.1420) + ($40 * 17.159)
= $142 + $686.36
=$828.36
= $826
Answer:
the standard price per yard is $6.25
Explanation:
The computation of the standard price per yard is shown below;
Material quantity variance = Standard Price × (Actual quantity - Standard quantity)
-$5,000 = Standard price × (10,000 - 10,800)
Thereore Standard price = -$5,000 ÷ (-800)
= $6.25
Hence, the standard price per yard is $6.25
We simply applied the above formula so that the standard price per yield could come
