Answer:
FV= $411,235.06
Explanation:
Giving the following information:
Annual deposit= $2,500
Number of periods= 30 years
Interest rate= 10%
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,500*[(1.1^30) - 1]} / 0.1
FV= $411,235.06
Answer:
The IRR for this project is 28.88%
Explanation:
The Internal Rate of Return (IRR) is that rate of return in which the Net present value (NPV) of the project is zero.
Where, Net Present value is that value in which the initial investment and cash outflows after applying discount factor is equal.
The Internal rate of return is calculated by using the Excel formula:
= IRR (-initial investment, all cash outflows)
The computation is shown in the attachment sheet.
Thus, the IRR for this project is 28.88%
Answer:
$16,000
Explanation:
Given:
Amount receives from disability policy = $16,000
John's employer paid = 100%
Amount include in income = ?
Computation of amount include in income:
Amount include in income = Amount receives from disability policy × John's employer paid
Amount include in income = $16,000 × 100%
Amount include in income = $16,000
Note: Payments receives from the health insurance Policies are not included.
Answer:
D. Cross traffic and oncoming traffic are stopped with a red light.
Explanation: