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kobusy [5.1K]
3 years ago
11

The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annu

al deposits of $100,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030?
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
6 0

Answer:

Fund balance at December 31th, 2030 $ 1,381,644.80

Explanation:

We should calculate the future value of a 10-years annuity of 100,000 at 7% interest rate:

C \times \frac{(1+r)^{time} -1}{rate} = FV\\

C 100,000

time 10 years

rate 7% = 7/100 = 0.07

100000 \times \frac{(1+0.07)^{10} -1}{0.07} = FV\\

FV $1,381,644.7961

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Ainat [17]

Answer:

$33,091.95

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be found using a financial calculator:

Cash flow in year 0 = $400,000

Cash flow each year from year 1 to 5 =$80,000

Cash flow in year 6 = $80,000 + $150,000 = $230,000

I = 10%

NPV = $33,091.95

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

8 0
3 years ago
A business and its employees take into account the _____________________________________ economic, societal and natural systems
Nitella [24]

Answer:

The correct answer is: Political.

Explanation:

To begin with, a company and its employees take into account the political, economic, societal and natural systems when taking actions that are legal and ethical due to the fact that these are the sytems that comprehends the environment or external context of the organization and represents the factors that tend to change the curse of action or even the situation that the business is going through. Therefore that when the company must look after its image regarding the subject of law and ethics, then it must take into account those particular systems that can vary the accounts of the organization.

8 0
3 years ago
What is the author's main claim or argument?<br> Pizza is the best
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I hate pizza. it’s grosssdd
3 0
3 years ago
Several years ago, Joy acquired a passive activity. Until 2018, the activity was profitable. Joy's at-risk amount at the beginni
Galina-37 [17]

Answer:

b. $20,000: $250,000

Explanation:

The computation is shown below:

The passive activity rules at the opening of 2021 would be equivalent to the amount given i.e. $250,000

And, the suspended amount would be

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= $270,000 - $250,000

= $20,000

Hence, the correct option is b.

3 0
3 years ago
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Answer:

The correct answer is Certified Fraud Examiners.

Explanation:

A certified fraud examiner is also a type of accountant. It is a professional certificate that is issue to fraud examiners. This designation is issued by the Association of certified fraud examiners.  

These accountants are also called CFEs in short. They follow a code of ethics.  

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