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vichka [17]
3 years ago
12

Jason just joined a new gym and signed up for a one-year membership. Membership fees can be paid in 12 monthly payments of $50,

due at the beginning of each month or in one payment today. If the appropriate interest rate is 11%,.How much should he pay today for the annual membership?

Business
1 answer:
bixtya [17]3 years ago
4 0

Answer:

$570.91

Explanation:

For computing, the amount pay today for the annual membership we just need to apply the present value formula i.e to be shown in the attachment

Provided that

Future value = $0

Rate of interest = 11% ÷ 12 months  = 0.916666%

NPER = 12 months

PMT = $50

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the amount paid today for the membership is $570.91

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Answer:

Depreciation and amortization is $7.5 million

Explanation:

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Answer:

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Run-of-paper (ROP) is another term for advertisement in the newspaper. The main feature of this type of advertisement is that it costs very low and the ad can be placed anywhere on the paper.

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8 0
3 years ago
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