Answer:
Explanation:
First, find the future value of the deposits at the end of 30 years. They are in the form of an Annuity Due, therefore, set your financial calculator to BGN mode;
Total duration; N = 30
One-time present cashflow; PV = 0
Interest rate per year; I/Y = 9.5%
Recurring payment ; PMT = -2,600
then CPT FV = 426,160.32
Next, find the recurring amount of withdrawal for the 25 years. Because this is an ordinary annuity(made at the end of every year), set your financial calculator back to "END" mode;
Total duration; N = 25
Present value; PV = - 426,160.32
Interest rate per year; I/Y = 3.5%
One-time future cashflow FV = 0
then CPT PMT = 25,856.87
Therefore annual annuity amount you will withdraw is $25,856.87
Answer:
A. $3,500 gain
B. -$4,400 loss
Explanation:
A. Calculation for the amount of the gain or loss on the sale
Gain or loss on sale=$12,500-$9,000
Gain or loss on sale=$3,500 gain
Therefore the amount of the gain on the sale is $3,500
B.Calculation for the amount of the gain or loss on the sale
Gain or loss on sale=$4,600-$9,000
Gain or loss on sale=-$4,400 loss
Therefore the amount of the loss on the sale is
-$4,400 loss
Answer:
Earning per share is 2.44 dollars.
Explanation:
The earning per share is a financial ratio determine by dividing total profit after tax made by a company in a period with total number of outstanding shares.
The earning per share is calculated below
EPS = $ 415,000/ 170,000 = 2.44 $
This ratio is widely used in stock market and valuation of business.
If Mary doesn't use the card in a responsible way, there's a possibility that Mary will spend more than what her parents allowed her to spend. Therefore, giving more payment duties to her parents which could also result to debt if the amount spend is too much.
Answer:
Services.
Explanation:
You don't produce services, factorlike.
