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yan [13]
4 years ago
7

Wylie has been offered the choice of receiving $5,000 today or an agreed-upon amount in 1 year. While negotiating the future amo

unt, Wylie notes that he would be willing to take no less than $5,700 if he has to wait a year. What is his TVOM in percent? Wylie has been offered the choice of receiving ,
Business
1 answer:
Studentka2010 [4]4 years ago
8 0

Answer:

The answer is 14%

Explanation:

Formula for Future value (FV)                    FV = PV (1+ni)

Whereas FV= Future value, PV = present value, n= number of years, i= TVOM in percentage

Rearranging the formula for i

     i =        (FV/PV)-1

So, i =       (5,700/5,000)-1

      i =      1.14-1

      i =      0.14

      i =       14%

(0.14x100=14%)

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On December 1, the Accounts Receivable account had a $5,000 balance. The business received $400 during the month from its charge
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Answer:

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2 years ago
Assume you own 300 shares of ABC stock and recieve a stock dividend of 5%. As a result, the number of shares you own will change
kondaur [170]

Answer:

correct option is B. 315: 0

Explanation:

given data

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solution

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3 years ago
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