1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
umka21 [38]
3 years ago
9

Adams Bautista needs $26,700 in 8 years. Click here to view factor tables

Business
1 answer:
alexandr1967 [171]3 years ago
4 0

Answer:

a. $10,783.68

b. $10,510.36 semi annual compounding

Explanation:

a. This question requires the present value of $26,700 given 8 years and compounded annually at 12%.

Present Value = \frac{Future Value}{ ( 1 + interest)^{number of periods} }

Present Value = \frac{26,700}{ 1.12^{8} }

Present Value = $10,783.68

He would need to invest $10,783.68 today.

b. This is a duplicate of question 1 but I will solve it assuming semi-annual compounding just in case.

12% per annum would become = 12/2 = 6% per semi annum

Number of periods would become = 8 * 2 = 16 periods

Present Value = \frac{Future Value}{ ( 1 + interest)^{number of periods} }

Present Value = \frac{26,700}{ 1.06^{16} }

Present Value = $10,510.36

He would need to invest $10,510.36 today.

You might be interested in
Sheridan Company's trial balance reflected the following account balances at December 31, 2017:
zalisa [80]

Answer:

$143,700

Explanation:

Current assets in Sheridan Company's trial balance are;

Accounts receivable (net) = $37,000

Trading securities = $11,500

Cash = $33,000

Inventory = $58,500

Prepaid expenses = $3,700

Total current assets = $37,000 + $11,500  + $33,000  + $58,500  + $3,700

                                 = $143,700

The right answer is not given as an option.

7 0
4 years ago
The Stationery Company purchased merchandise on account from a supplier for $9,100, terms 2/10, n/30. The Stationery Company ret
yaroslaw [1]

Answer:

$7,840

Explanation:

The terms 2/10, n/30 means that if the amount is paid in maximum 10 days, the client will receive a 2% discount. If he/she doesn't make the payment in this period, the total amount has to be paid within 30 days.

As Stationary Company returned merchandise with an invoice amount of $1,100, you have to subtract this amount from the initial value of the merchandise they purchased:

$9,100-$1,100= $8,000

Then, you have to calculate the 2% discount they will get from the $8,000 for paying the invoice within the discount period:

$8,000*2%= $160

$8,000-$160= $7,840

According to this, the answer is that the amount of cash required for the payment is $7,840.

7 0
4 years ago
Plz answer this not trying to be rude plz
Mekhanik [1.2K]

Answer:

Can you pls tell the question by writing because it shows pdf and then I the question does not shows.

Pls write answers on comments then I think I can help

7 0
3 years ago
Unlike the marketing research problem, the management decision problem
ludmilkaskok [199]
It seems that you have missed the necessary options for us to answer this question, so I had to look for it. Anyway, here is the answer. Unlike the marketing research problem, the management decision problem <span>focuses on problems that are much broader in scope. Hope this answers your question.</span>
6 0
3 years ago
Suppose that the adult population in some country is 225 million. If 40 million are unemployed and 100 million are employed, the
Yakvenalex [24]

Answer:

28.57%

Explanation:

The computation of the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100

where,  

Total labor force would be = Unemployed + employed

= 40 million + 100 million

= 140 million

So, the unemployment rate would be

= 40 million ÷ 140 million

= 28.57%

It should always be expresses in a percentage form.

3 0
4 years ago
Other questions:
  • George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50, he sold only 4,000 T-shirts. W
    11·1 answer
  • The typical number of courses to finish a major is?
    6·2 answers
  • Linda saw a print ad in a magazine for clairol's natural essence semi-permanent hair color that she knew existed but did not kno
    11·1 answer
  • Targaryen Corporation has a target capital structure of 65 percent common stock, 5 percent preferred stock, and 30 percent debt.
    8·1 answer
  • Skysong Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at
    6·1 answer
  • TB MC Qu. 8-119 Bramble Corporation is a small wholesaler ...
    8·1 answer
  • Lowe Co. manufactures products A and B from a joint process. Sales value at split-off was $700,000 for 10,000 units of A and $30
    7·1 answer
  • A healthier substitution for one egg is
    10·1 answer
  • Which of these functions may be used with positional arguments? Select four options.
    15·2 answers
  • A business should endeavor to be socially responsible in its actions and conduct under what set of circumstances?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!