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soldi70 [24.7K]
4 years ago
12

You want to have $82,000 in your savings account 13 years from now, and youâre prepared to make equal annual deposits into the a

ccount at the end of each year. If the account pays 7.30 percent interest, what amount must you deposit each year? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Annual deposit
Business
1 answer:
kramer4 years ago
4 0

Answer:

$3,992.87

Explanation:

To determine the amount that would be deposited every year, the formula to be used is : future value/ annuity factor

Annuity factor = {[(1+r) ^N ] - 1} / r

FV = Future value = $82,000

P = Present value

R = interest rate = 7.3%

N = number of years = 13

= (1.073)^13 - 1 / 0.073 = 20.536622

$82,000 / 20.536622 = $3,992.87

I hope my answer helps you

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A homeowner from State A hired a contractor from State B to build a vacation home for her in State C. The parties signed the con
Katen [24]

Answer:

The Home owner commenced the action in a state A court ( C )

Explanation:

The Defendant ( the contractor)  can decide to transfer the case from a state court to a federal court within the same state in which the case was filled by the The home owner  if the federal court has the Jurisdiction to rule on the case

Since the contract was signed in state A under the laws of the state the case is definitely a state case and the Homeowner's move to remand the case to a state court with the argument that the Federal court lacks proper Jurisdiction is in order. The court decision on the matter will be based on the fact that the Homeowner commenced the action in a state A court where the contract was signed.

6 0
3 years ago
Which of the following is not a basic principle of the COSO ERM framework?
Gnom [1K]

Answer:

The correct answer is letter "B": Companies are formed to create value for society.

Explanation:

The Committee of Sponsoring Organizations (<em>COSO</em>) is an international acknowledgment organism where basic risk regulating frameworks and accomplishment in organizational internal control matters are established. When it comes to Enterprise Risk Management (<em>ERM</em>) the committee proposes key principles and concepts for clear guidance.

Creating value for society is not included in one of the core objectives of the COSO ERM.

8 0
3 years ago
3.
erastova [34]

Answer:A

Explanation:

3 0
3 years ago
In the context of the​ firm's supply​ curve, as the firm produces more of a​ good, the cost of producing each additional unit ▼
klemol [59]

Answer: As the firm produces more of a good, the cost of producing each additional unit increases this implies that the marginal cost of producing a good increases as it makes more of that good.

Explanation: Marginal cost of a producer refers to the addition in total cost when one more unit of a good is produced.

It is given by MC=\frac{Change in TC} {Change in Output}

Refers to the following situations,

MC increases when adding output increases TC or Total Cost

MC decreases when adding output decreases TC

MC remains constant when adding output does not change TC

The supply curve of the firm is an upward sloping curve, which shows that quantity increases as price increases.

So, in relation to this, it means that MC will also increase as quantity increases.

7 0
3 years ago
In 2020, Miranda records net earnings from self-employment of $193,800. She has no other gross income. Determine the amount of M
lozanna [386]

Answer:

the self employment tax on 92.35% of your net income as self employed by 15.3% = $193,800 x 92.35% = $178,974.30

Miranda will pay social security (OASDI) taxes for the first $137,700 = $137,700 x 6.2% x 2 = $17,074.80

Her Medicare taxes will be calculated using $178,974.30 x 1.45% x 2 = $5,190.25

total self employment taxes = $17,074.80 + $5,190.25 = $22,265.05

Miranda can deduct 50% of her self employment taxes from her AGI = $22,265 x 50% = $11,132.50 ≈ $11,133

8 0
3 years ago
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