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AnnyKZ [126]
3 years ago
8

Paul wants to accumulate $14,500 in order to make the down payment for a new condo. Today he can start investing $2,500 annually

in an investment account that pays 10 percent interest compounded annually. How long would it take him to have enough money to make the down payment? a) 5.90 years b) 6.10 years c) 3.50 years d) 7.60 years e) 4.44 years
Business
1 answer:
kati45 [8]3 years ago
7 0

Answer:

4.80 years

Explanation:

We use the NPER formula in this question which is shown in the spreadsheet.

The NPER represents the time period. inv

Given that,  

Present value = $0

Future value = $14,500

PMT = $2,500

Rate of interest = 10%

The formula is shown below:

= NPER(Rate,PMT,-PV,FV,type)

The PMT come in negative

So, after solving this, the answer would be 4.80 years

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Which of the following is NOT one of Modigliani and Miller's set of conditions referred to as perfect capital markets?
kolbaska11 [484]

Answer:

c

Explanation:

here are their assumptions

  1. All expectations on expected cash flows are homogenous
  2. bonds and shares are traded in perfect markets - there are no transaction costs. two investments with identical cash flows, terms and risk must trade at the same price
  3. investors can borrow and lend at the risk free rate
  4. there are no agency cost
  5. investing and financing decisions are independent of each other
4 0
3 years ago
Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 14 direct labor-hours at $16
Sergio [31]

Answer:

14,275= actual hours

Explanation:

Giving the following information:

The standard for a particular crane calls for 14 direct labor-hours at $16 per direct labor-hour.

During a recent period, 1,000 cranes were made.

The labor efficiency variance was $4,400 Unfavorable.

To determine the actual hours worked, we need to use the direct labor efficiency variance formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

-4,400= (14*1,000 - actual hours)*16

-4,400= 224,000 - 16actual hours

228,400/16= actual hours

14,275= actual hours

4 0
3 years ago
The world's largest bank. Deutsche Bank set as its objective to make its name more recognizable in the United States. The succes
max2010maxim [7]

Answer:

Planning.

Explanation:

Planning involves the creation of activities aimed at achieving organisational goals. It involves specific steps and contingency plans that are implemented by management to ensure success.

In this instance, Deutsch Bank is faced with the task of planning to make its name more popular in the United States.

Promotional activities can be undertaken to publicise Deutsch Bank's association with the PGA golf tournament. This will endear golf-lovers to the bank, as one of the players in making the tournament Na success.

8 0
4 years ago
Budgeted sales in Acer Corporation over the next four months are given below: September October November December Budgeted sales
katovenus [111]

Answer:

c. $161,400

Explanation:

The computation of the cash collections for December month is shown below:

Cash sales

= $160,000 × 30%

= $48,000

Credit sales

For same month  = $160,000 × 50% × 70% = $56,000

For one month = $180,000 × 30% × 70% = $37,800

For second month = $140,000 × 20% × 70% = $19,600

So, the total cash collections is

= $48,000 + $56,000 + $37,800 + $19,600

= $161,400

4 0
4 years ago
Below are the expected afterminustax cash flows for Projects Y and Z. Both projects have an initial cash outlay of​ $20,000 and
Alexus [3.1K]

Answer:

Project Y = -$1,825.80

Project Z = $4,148.00

Explanation:

Calculation are as attached in the file

5 0
4 years ago
Read 2 more answers
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