Answer:
B - $13,556.82
Explanation:
Amount to be invested is equal to the present value of future inflows
Present value = future value/(1+Interest rate)^Number of years
The actual amount at the end of the first year should be $3000 if there is an answer in the options
The amount at the end of the second year is $4000
The amount at the end of the third, fourth and fifth year is $5000
Hence, amount to be invested = 3000/(1.17) + 4000/(1.17)^2 + 5000/(1.17)^3 + 5000/(1.17)^4 + 5000/(1.17)^5
= $13,556.82
Hence, the answer is $13,556.82
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Answer:
sales budget for January and February are given below
Explanation:
given data
luggage sets = 1700
sell = $180 each
luggage sets = 2050
sell = $180
to find out
sales budget for January and February
solution
Sales Budget
January February
Budgeted luggage sets to be sold 1,700 2,050
Sales price per unit 180 180
total sales 306000 369000
here sale is sold Budgeted luggage × Sales price