Below is to complete the question;
<span>How much money should Timothy and Tiffany deposit annually for 20 years in order to provide an income of $30,000 per year for the next 10 years? Assume the interest rate is a constant 4%.
</span>
<span>Use the annual rate formula.
You are given Future, F=$30,000
You are given interest, i=4% or 0.04
You are given time, n=10 years for future equation and n=20 years for annual equation.
Plug those numbers in the formulas your teacher gave you.</span>
Answer:
$13,784.25
Explanation:
Simple interest = P x R x T
(P12,500 x 15 × 250) / 100 × 365 = $1284.25
Value = $1284.25 + P12,500 = $13,784.25
I hope my answer helps you
Answer:
The optimal order quantity is 6
Explanation:
Please see attachment
Answer: Finance Course Prompts Debate,” argues that “the $600,000 is a low cost if the [financial literacy program] is effective. An
effective course will return that investment,” speaking in reference to the cost of the program. Courses, especially financial
literacy, greatly give back on investments made in them by using the students’ education gained from the class.
Explanation:
Answer:
$24,000
Explanation:
From the time an asset is acquired until the time it is sold, an asset experiences a number of events which causes an increase or decrease of its total value. Th adjusted basis of a given asset, takes the base price of an asset and adjusts it for changes in value reflecting enhancements and or depreciation. For instance, a given asset purchased for $100, depreciates by $10 and has an improvement of $60 would have an adjusted basis of $100 - $10 + $60 = $150.
Now when Mary bought her furniture, the adjusted basis was $20,000. At the time of exchange, the fair market value of the furniture is $4,000 whereas Mary also gave $4,000 to the dealer in the transaction. This $4,000 changes the value ans is added to the previous adjusted basis of $20,000.
Mary's adjusted basis in the new furniture after the exchange is:
= $4,000 + $20,000
= $24,000
