Answer:
IRR 6% for Jabob
His friend will need 12 years saving cash to obtain their collegue funds.
Explanation:
We will solve for the rate being the annuity of 3 payment of 800
and the present value 2,138.41
C 800
time 3
PV 2,138.41
rate ?
To solve we can use excel, a financial calculator or trial and error
For excel we will do the following:
write the list of cash through the loan life:
-2,138.41
+800
+800
+800
then we write in the empy cell
=IRR(
select the values and press enter
This will give the IRR which is 6%
For the second assignment:
we need to solve for time:
C 3,800
time n
rate 0.06
PV $31,897
We work out the formula:
Now we solve the right side and apply logarithmic properties
-n = -11.77128325
n = 11.77
It will take 12 years to obtain their target amount
Answer:
$10,570.80
Explanation:
The computation of the withheld during the year is shown below:
= Social security tax + medicare tax
where,
Social security tax is
= $128,400 × 6.2%
= $7,960.80
And, the medicare tax is
= $180,000 × 1.45%
= $2,610
So, the total withheld during the year is
= $7,960.80 + $2,610
= $10,570.80
We simply added the social security and medicare taxes so that the withheld could come
I don’t know my name I don’t play by the rules of the game so you do say I’m not trying
Answer:
$320.
Explanation: Opportunity Cost is an economic term used to describe the benefits foregone in order to satisfy another want. The opportunity cost of Dana is calculated as follows.
The hours spent baking cookies is 4hours, the amount per hour when Dana is working as a Yoga instructor is $80, total amount forgone (Opportunity Cost) of Dana when baking cookies is 4hours*$80=$320.
