Answer:
You will need to have $ 55,006.94
Explanation:
We need first to consider the following details according to the problem
We have a Annuity amount of $ 2900, a Rate(r)= 0.51%, and a Time(n)= 5 years (or 20 quarters )
.
To reach to the money that we would need to have in the bank today to meet the expense over the next four years we use the following formula:
PVA= annuity amount × [1 - (1 / (1 + r)n)] / r
PVA= $ 2900 x[ 1-{ 1/(1+0.0051)20)]/0.0051
PVA= $ 55,006.94
Answer:
freedom to make decisions
electronic mail and telephone
face-to-face discussions
Answer:
False
Explanation:
Retained earnings have no flotation costs, but have opportunity costs. For example, if companies distribute the earnings to shareholders, shareholders can invest the funds in alternative sources for returns.
A tariff is a tax on exported goods, if a tariff is too high then it will increase the cost of the item so the people who are buying have to pay more.
