For compounding interest, there is a formula relating the present worth (P) with the annuity (A). This is shown in the picture. The 'i' is the effective interest rate while n is the time. You should make sure that you are consistent with the units. If your time is in terms of years, your interest should be in terms of percent per year compounded yearly. Moreover, your annuity should be per yearly basis. In this case, it is already consistent so we don't need to convert. Substituting the values,
P = 10,000[(1.08^9-1)/(0.08*1.08^9)]
P = $62,468.88
Answer:
e. None of these.
Explanation:
The deductible expenses are expenses that are wholly, necessarily and exclusively for business purpose. This excludes the entertainment cost which is the only avoidable cost in the classes of cost given.
Hence, Sophie's deductible expenses are
= $3,000 + $800 + $600
= $4,400
Answer:
Allocating Resources
Explanation:This would be really long winded to explain.
Answer:
$2,400.00
Explanation:
The dividends per year will be dividends per share per year multiplied by 500.
Dividend per share per year
=$1.20x 4
=$4.80
Per year dividends will be worth
=$4.80 x 500
=$2,400.00
Answer:
The answer is Fixed costs.
Explanation:
Fixed costs are costs that does not depend on the firms' level of output.
