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Arte-miy333 [17]
3 years ago
9

Brenda young desires to have $15,000 eight years from now for her daughter's college fund. if she will earn 6 percent (compounde

d annually) on her money, what amount should she deposit now? use the present value of a single amount calculation.
Business
2 answers:
labwork [276]3 years ago
7 0

Present value PV= FV(1/(1+r)^n)

PV = Present Value

FV = Future Value

r= rate

n= number of years

Just plug in the numbers and calculate.

Nesterboy [21]3 years ago
6 0

Answer:

The answer is: $9,411.19 (rounded to 2 decimal places)

Explanation:

Brenda needs to discount the present value of future anticipated cash flows to determine the value that she should deposit in the current period.

The time value of money principle dictates that the value of money today is worth more than its future equivalent in terms of the purchasing power. It is for this reason that interest is charged in future after lending or borrowing money in the current period. In order to compute the present value of the money, the compound interest formula needed is as follows:

FV = PV (1 + r)^nt where FV is the future value and PV is the present value, n is the number of times interest is applied per period, r is the interest rate and t is the number of time periods. In order to calculate present value, it has to be the subject of the formula:

PV = FV/ (1 + r)^nt

     = $15, 000/(1 + 0.06)^(1*8)

     = $15, 000/1.5938481

     = $9, 411.18557

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Study groups: do they work or not?
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Answer:

When working on a group project, studying and working within a group will be a necessity, so you need to make it work for you! Studying in groups has its advantages and disadvantages, but the trick is to know when to resort to solo studying and when to go for group studying. Studying with a partner is a valuable way to learn as students help one another at overcoming weak points.

Advantages of Studying in Groups

1. Brainstorming

Studying in groups allows students to share their different thoughts with one another. This notion usually leads to a better learning process, since brainstorming generates new ideas and thus, students learn the same thing but with different perspectives. Open discussion enhances thinking skills and will give you access to others information and as a result, broadens your mind.

2. Clarification Discussions

Students are different and they perceive the same information differently. You can always ask your study mate to clarify a vague point for you and vice versa. Also, this action increases retention and reinforces the ideas, because the more the information is repeated the stronger the memory will be.

3. Motivation Booster

Group studying is the best procrastination solution as it breaks the monotonous learning process and it makes you attentive to what the others are saying. Mock tests and trial quizzes assist those struggling with course materials and those extracting tests and quizzes from them as well.

Disadvantages of Studying in Groups

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Group studying hampers creativity and efficiency and when there are exams on the horizon, efficiency should be the priority. Studying alone will give you time and space to do your personalized studying. Also, when alone, you can focus freely on a certain part because you know you need to and skip other parts that you have already mastered. This allows you to manage your time wisely and prioritise your tasks.

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6 0
2 years ago
Acme enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this
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Answer:

$8500

Explanation:

Beg AP bal = 3000

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4 0
2 years ago
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Answer:

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Explanation:

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Therefore,

Net cash inflows from operating activities = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities - Cash at the end of the year = $340,000 + $40,000 + $45,000 - $420,000 = $5,000 >0

The company’s cash flows from operating activities was a cash inflow of $5,000

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Answer:

Non Banking Institutions (Investment Bank)

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Non Banking Institutions (Investment Bank) do not have a full banking licence and are not usually supervised by a national or international banking regulatory agency.

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