Answer:
Annual deposit = $4100
Explanation:
Annual deposit = $4100
Number of years for retirement = 30 years
Future value of money = $1000000
Interest rate = 12%
Now use the below formula to find the annuity amount.
Annual deposit = Future value (A/F, r, n)
Annual deposit = 1000000 (A/F, 12%, 30)
Annual deposit = 1000000(0.0041)
Annual deposit = $4100
Answer:
A corporation is to make profit
non-profit coorporation don't have any shareholders, so they serve a different function. Thier focus is on something other than making profit
Answer:
The answer is: A) strategic alliance
Explanation:
A strategic alliance is an agreement between two or more independent companies to participate in a mutually beneficial project. The companies share resources for this specific project while remaining independent in all their other business activities.
This is usually done to try to enter a new market or to develop a new product.
Answer:
Mark will have at the end of six years the amount of $25,865.74
Explanation:
According to the given data we have the following:
First investment = 2500
Investment increasing at rate of 10%
Interest rate = 13%
t=6 years
Present value is given by formula = C * [((1+g)^n/(1+i)^n) - 1 ] / (g-i)
C is first value = 2,500
g is increase in investment = 0.10
i is intrest rate = 0.13
n is no of years = 6
Putting values into the equation
P = 2500* [((1+ 0.10)^6/(1+0.13)^6) - 1 ] / (0.10-0.13) 1.771561 2.08195
P = 2500* [((1.10)^6/(1.13)^6) - 1 ] / (-0.03)
P = 2500* [0.8509142870866 - 1 ] / (-0.03)
P = 2500* (-0.14908571)/ (-0.03)
P = 2500* 4.9695236
P=$12,423.809
Future value = P*(1+i)^t
= $12,423.809 *(1+0.13)^6
= $25,865.74
Mark will have at the end of six years the amount of $25,865.74
Embezzlement. He is taking (stealing) asserts that we’re entrusted to him. Bad Bart!
