Answer:
present value = 24790.35
Explanation:
given data
amount paid today = $12,000
time = 25 year
rate = 9 %
solution
we get here present value that is express as
present value = future value ÷ 
............................1
here future value is = amount paid today × time period
Future value =$12,000 × 25 = $300000
so present value = 
present value = 24790.35
On December 31st Griffen Publishing Company should debit Unearned Fees, - $1,161 and credit Fees Earned $1,161.
To solve for the first year = (total amount received/number of months) x accrued number of months
($1,546/36 months) x 9 months = $387
$387 dollars was earned the first year from the subscription.
To solve for the second year, subtract the total amount of $1,546 by the first years total of $387 and the amount that is left is from year two.
($1,546 - $387) = $1,546
Answer:
$680
Explanation:
The computation of the dollars in withdrawals per month that decrease this nest egg to zero in 20 years is shown below;
As we can see in the attached image that the $100,000 would be in the retirement fund so in 20 years, the withdrawals per month is $680 that decrease the nest egg to zero
Therefore the same would be considered
Solution:
Given,
Sandra's family's monthly net income = 6654
Family decides to increase the savings budget by 3%
Decreasing one of the variable expenses by 3%
If the family decreases the clothing budget by 3 percent,
then $466 would have to spend ( Rounded the nearest dollar )
