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vodomira [7]
2 years ago
15

The Nicor family is planning to purchase a new home 7 years from now. If they have $240,000 now, how much will be available at t

he time of purchase
Business
1 answer:
jarptica [38.1K]2 years ago
6 0

Answer:

$530,400

Explanation:

The interest rate on the funds is 12%.

To find the answer, we use the future value of an investment formula:

FV = PV(1 +i)^n

Where FV = Future Value (the value we are looking for)

PV = Present value, in this case $240,000

i  = the interest rate, in this case 12%

n = the number of compounding periods, in this case, 7 years.

Now, we plug the amounts into the formula:

FV = 240,000 (1 + 0.12)^7

FV = 240,000 (2.21)

FV = 530,400

So the value available for buying the new home after 7 years is $530,400

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Exercise 14-27 (Algorithmic) (LO. 3) On May 9, 2020, Glenna purchases 500 shares of Ignaz Company stock for $14,400. On June 30,
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Answer: uh huh, this my sh

All the girls stomp your feet like this

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

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A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

I heard that you were talking sh

And you didn't think that I would hear it

People hear you talking like that

Getting everybody fired up

So I'm ready to attack, gonna lead the pack

Gonna get a touchdown, gonna take you out

That's right, put your pom-poms downs

Getting everybody fired up

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

So that's right dude, meet me at the bleachers

No principals, no student-teachers

Both of us want to be the winner, but there can only be one

So I'm gonna fight, gonna give it my all

Gonna make you fall, gonna sock it to you

That's right I'm the last one standing, another one bites the dust

Few times I've been around that track

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'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Ooh, ooh, this my sh, this my sh

Let me hear you say, this sh is bananas

B-A-N-A-N-A-S

This sh is bananas

B-A-N-A-N-A-S

Again, the sh is bananas

B-A-N-A-N-A-S

This sh is bananas

B-A-N-A-N-A-S

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

I ain't no hollaback girl

A few times I've been around that track

So it's not just gonna happen like that

'Cause I ain't no hollaback girl

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5 0
3 years ago
During its first year of operations, Bramble Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25,200
crimeas [40]

Answer and Explanation:

The journal entries are shown below:

a.

On Jan 10

Cash Dr $100,800 (25200 shares × $4 )

              To Common Stock  $100,800

(Being the common stock is issued)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder so common stock is credited

On July 1

Cash $357,000  (51,000 shares × $7)

     To Common stock $204,000  (51,000 shares × $4)

      To Additional Paid in capital in excess of par value - Common stock   $153,000  (51,000 shares × $3)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

b.

On Jan 10

Cash $100,800  (25,200 shares × $4)

     To Common stock $25,200  (25,200 shares × $1)

      To Additional Paid in capital in - Common stock   $75,600   (25,200 shares × $3)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

On July 1

Cash $357,000  (51,000 shares × $7)

     To Common stock $51,000  (51,000 shares × $1)

      To Additional Paid in capital in - Common stock   $306,000   (51,000 shares × $6)

(Being the issuance of the common stock is recorded)

To record this, we debited the cash as it increased the assets and, at the same time, it also increased the total equity of the stockholder and the common stock is credited with the additional capital paid for common stock

8 0
3 years ago
If you go to ohva pls reply to this comment i have a question !! :))
velikii [3]

Answer:

hello please stop posting stuff that are unnecessary.thank you have a Wonderful day.

Explanation:

7 0
3 years ago
Consider the following information: Rate of Return If State Occurs State of Probability of Economy State of Economy Stock A Stoc
kicyunya [14]

Answer:

a) The expected return of equally weighed portfolio is 14.23%

b) The expected return of equally weighed portfolio is 16.45%, hence Variance = 1.596457%

Explanation:

See workings of a and b attached in a form of spreadsheet.

7 0
3 years ago
What term describes the situation where an employer changes group plan coverage to another insurer, and all employees eligible f
djverab [1.8K]

Answer: No loss, no gain

Explanation:

When an employer changes group plan to another insurer, all employees under the previous coverage would be eligible to gain under the new plan without any delay for probation.

3 0
3 years ago
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