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poizon [28]
3 years ago
13

Al Darby wants to withdraw $20100 (including principal) from an investment fund at the end of each year for five years. How shou

ld he compute his required initial investment at the beginning of the first year if the fund earns 8% compounded annually?
Business
1 answer:
Darya [45]3 years ago
3 0

Answer:

The value of the initial investment was $15749

Explanation:

$20100 times the present value of a 5-year, 8% ordinary annuity of 1.

The present value at the year zero can be found using the discounting formula which is as under:

Present value = Future Value / (1+r)^n

Here n is 5 years, r is 5% and the future value is $20100.

By putting the values in the formula:

Present Value = $20100 / (1+5%)^5 years = $15749

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Question 8 of 10
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Answer:

A. A balance sheet shows the total assets, liabilities, and owner's

equity at the end of the period

Explanation:

As we know that

The income statement recognized only the income earned and expenses incurred of an organization

While on the other hand the balance sheet shows the financial position, profitability of the company. It involves assets, liabilities and stockholder equity

So according to the given options, the option A is correct

hence, the rest of the options would be incorrect

6 0
3 years ago
Dr. Tanaka was served with a malpractice lawsuit based on allegedly removing the wrong organ. Following discovery, it becomes cl
lord [1]

The lawyer should make a motion for summary judgment.

<h3><u>Explanation:</u></h3>

A motion for summary judgement can be considered as a request that is made to the court for ruling other party that it has no case since there were no facts on the case. When the party makes the motion, it claims that the jury must rule in the moving party's side or the case should not move before a jury.  

A party can involve in filing a motion for summary judgment when the party feels that there are no facts in the case or problem. In the example given, there exists no evidence against the doctor and hence no jury can rule in favor of the plaintiff. Thus, the Doctor's lawyer should make a motion for summary judgment.

3 0
3 years ago
Read 2 more answers
According to anthony downs model, a rational party will adopt the policy position that is
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Closest to the view of the majority of voters.

The Anthony Downs model attempts to apply economic theories to political decision making.

8 0
3 years ago
Jonah and Cathy were sure that they had correctly answered most of their exam questions. However, they each scored less than 60
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Explanation:nevermind

6 0
2 years ago
A manufacturing operation consists of 10 operations. However, five machining operations must be completed before any of the rema
Anit [1.1K]

Answer:

The answer is: 14,400 different production sequences are possible

Explanation:

For this calculation I will assume that the first 5 operations can be made in any order, as well as the last 5.

For the first set of machining operations, since they can go in any order, you choose one operation and then you have 4 operations left, then you choose another operation and you have 3 operations left, then you choose another operation and you have 2 operations left, you choose another option and you have only 1 operation left.  This process can be expressed by the following equation: 5 x 4 x 3 x 2 x 1 = 120 possible different combinations. Mathematically it can also be expressed as 5! = 120

The same for the last 5 assembly operations, you have 5 x 4 x 3 x 2 x 1 = 120 possible different combinations.

So to get the total possible combinations of all the process, we just multiply 120 x 120 = 14,000 or 5! x 5! = 14,400

8 0
2 years ago
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