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Goshia [24]
3 years ago
5

You want to purchase a motorcycle 4 years from now, and you plan to save $3,500 per year, beginning immediately. You will make 4

deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today
Business
1 answer:
Andreyy893 years ago
8 0

Answer:

You will have $16,111.99

Explanation:

a) Data and Calculations:

Annual savings $3,500

Years = 4

Interest rate = 5.7%

Future value using finance calculator:

FV (Future Value) $16,111.99

PV (Present Value) $12,907.71

N (Number of Periods) 4.000

I/Y (Interest Rate) 5.700%

PMT (Periodic Payment) $3,500.00

Starting Investment $0.00

Total Principal $14,000.00

Total Interest $2,111.99

b) Your annual savings of $3,500 with 4 deposits will have a future value of $16,111.99 compounded at 5.7% for 4 years with a total principal of $14,000 ($3,500 * 4).

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Immediately upon receipt of cash, a responsible employee should
Ulleksa [173]

Answer:

B. Prepare a listing of remittances

Explanation:

The employee receives a cash receipt only when some expense is incurred on behalf of the company. This clearly validates that as soon as the receipt is received the listing of remittances shall be prepared.

This listing basically signifies that all the expenses shall be paid off, as incurred on behalf of company, or any kind of bill is pending for payment of goods acquisition, then it shall be paid off, and entered in the list where all remittances has to be made.

6 0
2 years ago
0.5 points eBookPrintReferences Check my work Check My Work button is now enabledItem 3Item 3 0.5 points Agee Storage issued 37
trapecia [35]

Answer:

Decline in Agee's total paid up capital is $14,000,000

Explanation:

<u>Computation of decline in Paid-Up capital</u>

Particulars                                        Amount

Cash paid for first repurchase      $10,000,000

(1 million shares*$10)

Value of first purchase                   $12,000,000

(1 million * $12                                 <u>                        </u>

Benefit on first repurchase            $2,000,000

Cash paid for second repurchase = $16,000,000

(1 million shares * $16)

Value of second repurchase            $12,000,000

(1 million * $12)                                    <u>                        </u>

Reduction in Total paid-in-capital   <u>$14,000,000</u> ($2 million + $12 million)

8 0
3 years ago
Which of the following could a typical third grader handle?
N76 [4]

10-15 push ups: it's because pull-ups are taxing for an 8 year old, using my brother for an example who can hardly lift himself up. Sit-ups are taxing on the back due to the amount of muscular endurance and strength while a mile running-I laugh- converted to meters is approximately 1609 meters. I'm in Junior high yet I can  only do 900. Thus, it can be concluded the most appropriate activity a third grader could handle is a simple push-up.  

4 0
3 years ago
Read 2 more answers
Lily is planning to sell her home, which she bought seven years ago for a total of $168,000.the property value has increased by
abruzzese [7]
The answer is D. $251,700
7 0
3 years ago
Read 2 more answers
Steven Diaz just took a job with Harley Davidson. As part of his employment agreement, Harley Davidson required Steven to sign a
il63 [147K]

Answer:

Non-compete

Explanation:

A non-compete agreement is when an emoloyee agrees not to enter into or start a similar profession in competition against her employer.

Majority of agreements stipulated the length of time an employee isn't allowed to enter into or start a similar profession in competition against her employer.

I hope my answer helps you

5 0
3 years ago
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