Answer: The Preamble
The Preamble introduces the purposes and goals of The Constitution. It lists the intents and purposes of the founding fathers of the United States for the Constitution.
Explanation:
The computation is shown below:
Given that
Earns pretax book net income = $1,648,500
Amount exceed = $164,850
U.S tax rate = 21%
Earns After tax rate of return on capital = 8%
So, the calculations are
Total Income Tax Expenses
= $1,648,500 × 21%
= $346,185
Current Income Tax expense = ($1,648,500 - $164,850) × 21%
= $311,566.50
And, the Deferred Income Tax Expense = $164,850 × 21%
= $34,618.50
Answer:
$400,897.66
Explanation:
Assuming that no further contributions will be made and that interest is compounded annually, the expression that describes the future value of a principal amount 'P', deposited at an annual rate 'r', for a period of 'n' years is:
For a 45-year $5,500 investment at a rate of 10% per year, the future value is:
The account will be worth $400,897.66 when you retire.
Answer:
The monthly payment is $1,568.07
Explanation:
The amount required to purchase the condominium is $287,500,however the amount of finance required is :$287,500-($287,500*25%)= $215,625.00
The monthly mortgage payment required can be computed using the pmt formula in excel"
=pmt(rate,nper,-pv,fv)
rate is the payable on the mortgage on monthly basis which is 3.75%/12=0.003125
nper is the number of years of mortgage multiplied by 12 months since 12 monthly repayments are required in a year i.e 15*12=180
pv is the actual mortgage value is $215,625
fv is the future value of the mortgage and it is unknown
=pmt(0.003125
,180,-215625,0)
pmt=$1,568.07
