Return on assets = .138/(1+ .72414) = .08, or 8 percent.
Answer:
d. $38.00
Explanation:
The computation of the overall Belinda expense for the week is shown below:
= Bus fare expense + lunch out expense + hair cut expense + movie rental expense
= $8.70 + $7.35 + $16 + $5.95
= $38
We have added all the types of expenses that are provided in the case i.e. bus fare, lunch out, hair cut and movie rental expenses.
Answer:
Amount of cash at the end of one year is $16,200
Explanation:
Amount invested = $15,000
Rate of return = 8%
Amount at the end of one year = $15,000 + (0.08×$15,000) = $15,000 + $1,200 = $16,200
Answer:
The future value of the $200 invested yearly for 4 years at 8% is $973.32
Explanation:
The future value of an immediate annuity is given by the formula = (1+r)*[P*((1+r)^n-1)/r]
P=is the periodic payment of $200
r=rate of return=8 percent
n=number of years=4
By slotting the variables into the formula we have:
Fv=(1+0.08)*(200*((1+0.08)^4-1)/0.08)
FV=$973.32
Judging by the concept of time value of money, it is expected that the sum invested at interest would have been much more at maturity of the investment as $1 today should give a lot more than $1 in future.
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