Answer:
FV= $46,031.45
Explanation:
Giving the following information:
Monthly deposit= $450
Number of months= 59
Interest rate= 0.21/12= 0.0175
To calculate the final value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {450*[(1.0175^59) - 1]} / 0.0175 + 450
FV= $46,031.45
Answer:
$60,000
Explanation:
Hansen's annual salary allowance= 30,000
Hernandez's annual salary allowance= 10,000
annual interest allowance of Hensen= 0.1 × 50,000= 5000
annual interest allowance of Hernandez= 0.1 × 50,000= 5000
Remaining balance=100000- 5000-5000-30000-10000= 50000
Share of each partner from remaining balance= 25000
Hensen's income= 25,000+ 5000+ 30000= 60,000
Answer:
$2,317,000
Explanation:
The computation of the weighted-average accumulated expenditures for interest capitalization purposes is shown below:
For expenditure on March 1
= $1,932,000 × 10 months ÷ 12 months
= $1,610,000
On June 1
= $1,212,000 × 7 months ÷ 12 months
= $707,000
On December 31, it would be zero
So, the accumulated expenditures is
= $1,610,000 + $707,000
= $2,317,000
Answer:
The correct answer is letter "B": pensions have traditionally been set as a fixed nominal dollar amount per year at retirement.
Explanation:
Pensions are retirement plans employees enroll during their working years. There are different types of pensions being the most common the <em>401(k), Individual Retirement Account (IRA), </em>and <em>Roth IRA</em> each one with particular features. What all of them have in common is that they allow retired individuals to receive a fixed stream of income per year after they officially stop working. Therefore, that is the reason why economists call pensions as "<em>defined benefits</em>" plans.
Answer:
1: C. In most states, Alex would be found not guilty by reason of insanity.
2: C. fining the corporation.
3: D. shoot a man who is about to spray you with a water hose.
4: C. not guilty because he did not act on his plan.
5: C. a misdemeanor.
6: B. free because she acted under duress.
7: D. would have a conclusive presumption in his favor of not having been responsible.
8: D. have not engaged in a pattern of racketeering activity because they made only six sales.
9: A. the defendant's statements cannot be admitted as evidence.
10: C. arraigned
