Answer:
Total needed= $2,700,000
Explanation:
Giving the following information:
The deficit for the first year of retirement, 10 years from now, is $90,000. He expects to be in retirement for 30 years and believes he can earn a 7% after-tax annual return on invested dollars. Inflation is expected to average 4% annually over this same period.
Real rate= 7 - 4= 3%
Total needed= 90,000*30= 2,700,000
Answer:
<em><u>P (x) = 80x - 2x^2 - 3</u></em>
Explanation:
The Profit function is the revenue minus the cost.
Revenue = Price x Quantity = X.px = x(88-2x) = 88x - 2x^2
Therefore the profit function P (x):
P (x) = 88x - 2x^2 - (8x+3)
<em><u>P (x) = 80x - 2x^2 - 3</u></em>
<em><u /></em>
To maximise profit we use the 1st order condition: dP(x)/dq = 0
Therefore, 80 - 4x = 0
4x = 80
x = 20
So 20 leashes maximises profit.
P(x) = 80(20) - 2(20)^2 - 3
<em><u> P = $803 </u></em>
<em><u /></em>
The price to charge would be:
<u><em>p (x) = 88 - 2(20) = $48</em></u>
<u><em>The best reason would be that the price is a bit expensive for a leash so most people would not buy it.</em></u>
Answer:
The answer is 12.83%.
Explanation:
We have the below calculations:
- Coupon payment = 1,000 x 9% = $90;
- Purchasing price = $1,000;
- Price sold after 3 years is equal to the present value of 9 annual coupon payments plus face value repayment after 9 years, discounted at YTM at the time of sell at 7%;
=> Price after 3 year = (90/0.07) x ( 1- 1.07^-9) + 1,000/1.07^9 = $1,130.3;
The holding period yield (HPY) is the discount rate that equalizes cash flow from 3 years of holding the bond to its original purchased price:
1,000 = (90/HPY) x [1 - (1+HPY)^-3] + 1,130.3/ (1+HPY)^3 <=> HPY = 12.83%.
The final answer is $71,387,708,456.80
First, you plug the variables into the equation.

The answer to that is 356,938,542,284. This is the total amount that is due at the end of the five years.
You then divide that by 5 to get the amount paid each year, thus leaving you with $71,387,708,456.80
Answer:
The question is missing some figures which can be seen from the attached image.
Petty cash is a fund set aside in the office to pay minor day to day expenses incurred.Usually, an amount is made available at the beginning of period called float,from which expenses can be paid and the amount equal to spend is reimbursed at the end of the month.
In order, to make payment even more easier,some businesses take up credit cards from financial institutions,from which expenses can be paid on account.
The balance of $415 means in petty fund,implies that $85 spent needs to be replenished at month end and that the remaining expenses were paid with credit card.
Explanation:
Find in the attached spreadsheet the entries posted in respect of petty cash and credit card expenses in the month.