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Inessa05 [86]
3 years ago
7

Question 3. A Lilian and Brad both graduated from a law college, decided to donate money to their college. They setup 5 scholars

hips per year starting in 2046 for every year (assume more than 100 years). If $40,000 is invested in the trust fund in the year 2021 and if it earns a very good rate of return of 10% per year, what will the amount of each scholarship are starting in 2035
Business
1 answer:
Dominik [7]3 years ago
7 0

Answer:

If $40,000 is invested in the trust fund in the year 2021 and if it earns a very good rate of return of 10% per year, the amount of each scholarship, starting in 2035 will be:

= $167,089.93

Explanation:

a) Data and Calculations:

Investment in the trust fund in 2021 = $40,000

Investment period = 15 years (2021 to 2035)

Rate of return = 10%

From an online financial calculator:

N (# of periods)  15

I/Y (Interest per year)  10

PV (Present Value)  40000

PMT (Periodic Payment)  0

Results

FV = $167,089.93

Total Interest $127,089.93

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Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

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Predetermined manufacturing overhead rate= $10 per direct labor hour

<u>Now, we can allocate overhead:</u>

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In a SWOT Analysis, the primary objective of managers participating in this exercise is to:a. identify strategies that exploit e
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Answer:

a. identify strategies that exploit external opportunities, counter threats, build on strengths, and eradicate weaknesses.

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can purchase a service contract for all of her major appliances for $180 a year. If the appliances are expected to last for 10 y
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Answer:

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To find future value we use the formula:

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Therefore,

FV = P * [((1+r)^n - 1) / r]

Where P = Principal amount = $180

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Answer:

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