Answer: $16,614.78
Explanation:
As you are making a constant deposit every year beginning immediately, this is an Annuity due.
The value in 3 years will be:
= Amount deposited * (1 + i) * (( 1 + i) ^n - 1) / i
= 5,000 * (1 + 5.2%) * (( 1 + 5.2%)³ - 1) / 5.2%
= $16,614.78304
= $16,614.78
The likely reason as to why Alice has perform her job the same as Juliet because she likely has developed her selective optimization, in which it helps a person who is on an old age to be healthy and having an improvement of their well being. This is likely the cause as to why Alice can perform the same job as Juliet.
Answer:
<em>The monthly payments will be $353.12</em>
Explanation:
<u>Financing</u>
When a purchase is made at present value and the payment will be financed at a rate of interest i for n periods, the present value PV is
where R is the regular payment (usually monthly).
Solving for R
It's important to recall than only the unpaid amount goes financing, if some down-payment is made, it must be subtracted from the PV to be financed.
The present value of the car is 17,250 from which the buyer will make a 5% down-payment. It means that the real financing amount is
The rate of interest is
It also follows that n=54.
Computing R
Answer:
The correct answer is (B)
Explanation:
Determining the budget is important before starting a project. In planning a feasibility analysis, the most important factor is to carefully design the budget as it is a critical part of the planning and implementing a project. The budget helps to overcome all the problems related to the overall cost estimation of the project and it also helps to measure the overall performance of a project.
