The formula of the future value of an annuity ordinary isFv=pmt [((1+r)^(n)-1)÷r]Fv future value?PMT yearly payment 1200R interest rate 0.07N time 49 years (70-21)
Fv=1,200×(((1+0.07)^(49)−1)÷(0.07))Fv=454,798.80
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Answer:
d consequences and tradeoffs.
Explanation:
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Answer:
Cost of goods sold will be too low by $5000.
Explanation:
Since, As per the given situation the current year the ending inventory is overstated by $5,000. By mistaken company reported the net income is $100,000.
Therefore, the ending inventory is high so, the error on the income statement of the current period is the too low of cost of goods sold will be by $5000.
The interest rate might you won't earn on your money over the one-yr length interest = P x R x N.
Right here's the simple interest formula: hobby = P(15000) x R x N. P = essential amount (the start stability). R = interest price (16000-15000)(typically in line with 12 months, expressed as a decimal). N = wide variety of time periods (generally one-12 months time periods).]
An interest rate tells you the way high the value of borrowing is, or high the rewards are for saving. So, if you're a borrower, the interest fee is the amount you're charged for borrowing cash, shown as a percent of the overall amount of the mortgage.
in the case of cash you own, such as a financial savings account, interest is the quantity you earn while you permit a person else to use or keep your funds. for instance, if you borrow $5,000 at an easy interest price of 3% for five years, you may pay a total of $750 in the hobby. The method for the simple hobby is A = P (1 + rt).
Learn more about interest rates here: brainly.com/question/25793394
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