For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 de
1 answer:
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Answer:
It take to reach your goal is 11 years
Explanation:
given data
initial fixed amount = $42,180.53
deposit additional = $5,000
account totals = $250,000
expect to earn r = 12%
solution
we will apply Future value of annuity that is express as
Future value of annuity = initial fixed amount × + deposit additional ×
......................a
put here value and we get
solve it we get
time t = 11
so it take to reach your goal is 11 years
Given that a<span>
factory machine was purchased for $375000 on january 1, 2018. it was
estimated that it would have a $75000 salvage value at the end of its
5-year useful life. it was also estimated that the machine would be run
40000 hours in the 5 years. the company ran the machine for 4000 actual
hours in 2018.
If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2018 would be
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If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2018 would be