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RoseWind [281]
3 years ago
9

Andrea's opportunity cost rate is 12 percent compounded annually. how much must he deposit in an account today if he wants to re

ceive $2,100 at the beginning of each of the next seven years? use the equation method to determine the amount.
Business
1 answer:
BabaBlast [244]3 years ago
7 0

Answer:

$9583.89

Explanation:

value of each payment (P): $2,100

interest rate per period (r): 12/100 = 0.12

number or periods (n): 7

present value of annuity (PV): ??

using the annuity formula: PV = P * \frac{1 - (1 + r )^{-n} }{r}

PV  =  $9583.89

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Answer:

Explanation:

 We shall apply the concept of coefficient of variation to know the consistency of data

coefficient of variation

= standard deviation / mean or average

In case of City A

coefficient of variation  = 86 / 820

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In case of City B

coefficient of variation  = 75 / 790

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Since it is less for city B , rent for this city is more consistence or with less of variation

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5 0
3 years ago
Imagine Fry knew in advance that he would be frozen for 1000 years and wanted to have $9,999,999,999 when he thaws out. How much
Over [174]

Answer:

$21.66

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R = interest rate

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I hope my answer helps you

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3 years ago
The usual starting point for a master budget is: Select one: a. the direct materials purchase budget. b. the budgeted income sta
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2 years ago
Wildhorse, Inc. had net sales in 2020 of $1,502,400. At December 31, 2020, before adjusting entries, the balances in selected ac
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Answer and Explanation:

The journal entry is shown below:

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Here the bad debt expense is debited as it increased the expense and credited the allowance for doubtful debt as it decreased the assets

7 0
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The type of employment described above is FRICTIONAL UNEMPLOYMENT. Frictional unemployment is said to occur in an economy when the people move from one job to another. Frictional unemployment is always present in an economy because of temporary changes made by both workers and employers.
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