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Gelneren [198K]
4 years ago
11

Sara wants to have $ 580 comma 000 in her savings account when she retires. How much must she put in the account​ now, if the ac

count pays a fixed interest rate of 10​%, to ensure that she has $ 580 comma 000 in 18 years​ time?

Business
1 answer:
asambeis [7]4 years ago
4 0

Answer:

$104,318.10

Explanation:

For computing the putting amount now i.e present value we have to applied the present value formula i.e to be shown in the attachment below:

Given that,  

Future value = $580,000

Rate of interest = 10%

NPER = 18 years

PMT = $0

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $104,318.10

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Answer:

b. Be honest and provide the important reasons for the increase in individual contributions.

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3 years ago
The Tasty Sub Shop Case:
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The case of QHIC will have an accurate prediction but not the Tasty Sub Shop Case.

Explanation:

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However, just the number of residents in the locality cannot ensure the profitability of a restaurant. competition from other restaurants, net income and eating habits of the locality must also be considered.

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3 years ago
The XYZ Corporation has a distinct division of labor, consistent rules, and a clear hierarchy. Managers maintain distance betwee
Mamont248 [21]

Answer:

A bureaucracy

Explanation:

Bureaucracy is an organisational structure that is aimed at maintaining uniformity and control in an organisation.

This is achieved through established processes and ways of interaction between staff.

Bureaucracy is characterised by multiple layers and complex processes that makes actions and decisions slow.

This is exemplified in the given scenario where XYZ Corporation has a distinct division of labor, consistent rules, and a clear hierarchy. Managers maintain distance between themselves and subordinates, and promotions are awarded based on technical expertise.

3 0
3 years ago
Based on the information given, which site does not appear credible? A. The information given on the site is in line with inform
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5 0
3 years ago
Read 2 more answers
Starbucks is a global company that provides high-quality coffee products. Assume that as part of its expansion strategy, Starbuc
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No, there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

Given that Starbucks purchased bonds with $ 7 million face value at par for cash on July 1 of the current year and the bonds pay 7 percent interest the following June 30 and December 31 and mature in three years.

We are required to tell whether there is requirement of any recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

A bond is basically a debt security, similar to an IOU and borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When we buy a bond, we are lending to the issuer, which may be a government, municipality, or corporation.

There is not any requirement of any recording when the fair value decreases to $600000 because it is not affecting our books of accounts because in our books they are recorded at face values.

Hence there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

Learn more about bonds at brainly.com/question/25965295

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2 years ago
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