Answer:
I'm sorry I couldn't help you
According to sociologist, children are economic liability. In a modern society children are an economic liability, not an asset because they have to be fed, dressed, housed, watched after, educated and entertained. As a rule of thumb, economists figure that a family with one child needs 30% more income than a childless couple to maintain the same living standard. The understandable way to keep the household financially afloat is for the mother to go out to work.
Investing in several types of
securities reduces risk. The answer is
letter B.
An example of an investment account in which contributions can remain
tax free over a period of time is a savings account. The answer is letter C.
Answer:
The amount of interest expense in 2013 and 2014 are $3,750 and $3,625 respectively.
Explanation:
Interest expense would be in
2013;
= Principal × rate of interest × number of days ÷ ( total number of days in a year)
= $250,000 × 9% × (60 ÷ 360)
= $3,750
( 29 days in November + 31 days in December
In 2014,
= Principal × interest rates × number of days ÷ ( number of days in a year)
= $250,000 × 9% × ( 58 ÷ 360)
= $3,625
(30 days in January + 28 days in February)
Answer:
Total PV= $140,465.69
Explanation:
Giving the following information:
Cash flows:
Cf1= $18,000
Cf2= $26,500
Cf3= $46,000
Cf4= $69,000
The appropriate interest rate is 4.3 percent.
<u>To calculate the present value, we need to apply the following formula on each cash flow:</u>
PV= FV/(1+i)^n
Cf1= 18,000/1.043= 17,257.91
Cf2= 26,500/1.043^2= 24,360
Cf3= 46,000/1.043^3= 40,541.97
Cf4= 69,000/1.043^4= 58,305.81
Total PV= $140,465.69