Answer:
$3,529.51
Explanation:
Future value = $120,000
N = 18
i = 7%
Future value = Annual savings * [(1 + Interest rate)^Years - 1] / Interest rate
Future value = Annual savings * [(1 + 0.07)^18 - 1 / 0.07]
Annual savings = $120,000 / [(1 + 0.07)^18 - 1 / 0.07]
Annual savings = $120,000 / 2.37993227573 / 0.07
Annual savings = $120,000 / 33.99903251042857
Annual savings = $3529.512199007199
Annual savings = $3,529.51
Therefore, the annual savings is $3,529.51
<span>The following series of payments has present value zero:
Contributions 10 20 100
___________ ________
Time (in years) 0 15 30
The present value at time 10 of the payments at time 15 and at time 30 is
â’20(1.03) to the power -10 + 100(1.03) to the power -40 = â’14.8818 + 30.6557
= 15.7738
This equals the present value at time 10 of the initial deposit, i.e.
10(1â’d/4) to the power -40 = 15.7738
So, d = 4.5318%</span>
This website would not exist. Social lives would improve because everyone would actually hang out with people. We would not be able to get places fast because cars would not be developed.
Answer:
A
Explanation:
Products will be perfectly substitutable with one another. For example, if ACME produces only TNT bombs, a wide multiplicity of firms can come up with cheaper and/or more effective products, which would end up with people choosing those other products and stop buying ACME's.
Answer:
$145,000
Explanation:
Data provided in the question:
Adjusted basis of the barn = $125,000
Amount paid by the insurance company = $150,000
Amount reinvested in another barn = $170,000
Now,
Basis of the new barn
= Adjusted Basis of old barn + Additional amount spend on new barn in excess of amount paid by insurance company
= $125,000 + [ $170,000 - $150,000 ]
= $125,000 + $20,000
= $145,000
