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3241004551 [841]
3 years ago
12

You want to have $66,000 in your savings account 9 years from now, and you're prepared to make equal annual deposits into the ac

count at the end of each year. If the account pays 6.9 percent interest, what amount must you deposit each year
Business
1 answer:
mixer [17]3 years ago
5 0

Answer:

the amount that need to be deposited each year is $7,166.28

Explanation:

The computation of the amount that should be deposited each year is shown below:

Given that

FV is $66,000

NPER is 9

RATE is 6.9% ÷ 12 = 0.575%

PV is 0

The formula is shown below:

= PMT(RATE,NPER,PV,-FV,TYPE)

AFter applying the above formula, the amount that need to be deposited each year is $7,166.28

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Degger [83]
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8 0
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Levart [38]

Answer:

$100 per share

Explanation:

Complete question: <em>As a result of the stock dividend, Euclid's per share basis is $?</em>

<em />

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1. Clean Machines Company (Clean) makes washing machines. Over the phone, Clean offers to sell Dealers Appliance Outlet (Dealers
photoshop1234 [79]

Answer:

Explanation:

In my opinion, I would like to say that Clean Machines Company is correct. If you look at it this way, you'd see that there actually isn't any contract between Clean Machines Company and Dealer. When it came to about offers, the person offering is able to revoke an offer before the offer is even accepted. And he won't be held responsible unless of course, the offer is irrevocable. Then, to make the offer to be irrevocable, the Dealer then would have needed to prove that an option was present, or prove that the offer is was not able to be revoked due to UCC provision.

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