Highest growth rate based on GDP rate is found in Japan. This has been an ongoing trend for the last 100 years.
Answer:
FV= $1,246,723.8
Explanation:
<u>To calculate the future value of this growing annuity, we need to use the following formula:</u>
FV= A*{[(1+i)^n - (1+g)^n] / (i-g)}
A= annual deposit= 55,000*0.12= 6,600
i= 0.05
g=0.03
n= 40 years
FV= 6,600* {[(1.05^40) - (1.03^40)] / (0.05 - 0.03)}
FV= $1,246,723.8
clients can owe businesses payment for services, and businesses have financial obligations they need to pay
question answered by
(jacemorris04)
Answer:
a. The total cost is:
= ((Cost of goods - Returns) * discount factor) + Freight paid by seller
= ( (11,000 - 1,100) * (1 - 1%)) + 260
= 9,900 * 99% + 260
= $10,061
<em>Note: When shipping is FOB Shipping point, freight is paid by buyer. Discount terms of 1/10 means that a discount of 1% is allowed if settlement is done within 100 days. </em>
b. Total Cost is:
= ( Cost of goods - Returns) * Discount factor
= 4,200 * (1 - 2%)
= $4,116
<em>Note: When shipping is FOB Destination, freight is not paid by buyer. 2/10 discount means 2% discount if settled in 10 days. </em>
