Wilt has a consulting contract with a firm that states that he will receive annual payments of $50,000 a year for five years wit
1 answer:
You might be interested in
Answer:
a. $10,783.68
b. $10,510.36 semi annual compounding
Explanation:
a. This question requires the present value of $26,700 given 8 years and compounded annually at 12%.
Present Value =
Present Value =
Present Value = $10,783.68
He would need to invest $10,783.68 today.
b. This is a duplicate of question 1 but I will solve it assuming semi-annual compounding just in case.
12% per annum would become = 12/2 = 6% per semi annum
Number of periods would become = 8 * 2 = 16 periods
Present Value =
Present Value =
Present Value = $10,510.36
He would need to invest $10,510.36 today.
Using the <em>Single's Person Weekly payroll</em> distribution , the number of allowances claimed by Frica Morrison will be 3.
<u>Given that</u> :
- Weekly pay = $513.66
- Federal income tax withheld = 33
<em>From the payroll table</em>, Frica's weekly pay falls inbetween $510 - $520 ; checking along the row, we can see from the <em>table(attached)</em> that Federal income tax withheld of $33 falls under the 3 allowances claimed.
This means that for Frica to have $33 withheld from his <em>weekly pay of $513.66</em>, then he must have claimed 3 allowances.
Therefore, the Number of allowances claimed by Frica Morrison is 3.
Learn more :brainly.com/question/17092810?referrer=searchResults
