Answer:
Annual deposit= $60,982.31
Explanation:
Giving the following information:
Future Value= $2,500,000
Number of periods= 20 years
Interest rate= 0.07
<u>To calculate the annual deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (2,500,000*0.07) / [(1.07^20) - 1]
A= 60,982.31
Answer:
a decrease in market output and an increase in the price of the product.
Explanation:
Answer:
taxable amount = $10,000
Explanation:
given data
2 year ago fair market value = $30,000
fair market value = $40,000
sold the stock = $50,000
solution
we get here taxable amount when ESOP sold
so taxable amount = Selling price - fair market value on distribution date ...........1
put here value
taxable amount = $50000 - $40000
taxable amount = $10,000 long term capital gain
Answer:
3 percent which is $30
Explanation:
The real value of money is measured against a basket of goods or services, or against a particular product or service. The real value is adjusted for inflation. In other words, the real value of money is its nominal value adjusted for inflation.
If the bank pays an interest rate of 4 percent, which leads to an increase of savings from $1000 to $1040, should prices increase by 1 percent, then the real value of money has increased by 3 percent. One percent increase in prices represents inflation. Keeping $1000 in the bank will earn a 3 percent real value or $30.
