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3 years ago

If the balance in the account 7 months after the final deposit is $8, 000, how large is each deposit?

Business

1 answer:

vampirchik [111]3 years ago

3 0

Answer:

the first part of the question is missing:

Suppose that you make a sequence of 31 equal monthly deposits into an account paying a nominal rate of 6.7% convertible quarterly.

we need to determine the present value of the $8,000 at the moment that you stop making the monthly payments.

the effective annual interest rate = (1 + 6.7%/4)⁴ - 1 = 6.87%

the effective monthly interest rate = (1 + 6.87%)¹/¹² - 1 = 0.55523%

the value at the moment that you finish making the deposits = $8,000 / (1 + 0.0055523)⁷ = $7,695.86

now we can calculate the monthly payments using the future value of an annuity formula:

future value = monthly payment x FV annuity factor

monthly payment = future value / FV annuity factor

future value = $7,695.86
FV annuity factor, 31 periods, 0.55523% = 33.72594

monthly payment = $7,695.86 / 33.72594 = $228.19

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strojnjashka [21]

Answer:

D) democratic

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Jared's boss allows his staff to give inputs but he makes the ultimate decision .

In an autocratic leadership style, the leader doesn't take any input from employees when making decisions.

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3 years ago

The bond has a 12% annual coupon rate, a $1,000 par value, it matures in 15 years and pays coupon quarterly. The current bond pr

Vladimir79 [104]

Answer:

A. 14.28%

Explanation:

As per Approximation formula,

Quarterly yield = (A + B / C) * 100

A = Quarterly coupon = 12% of 1,000 / 4 =30

B = (Redemption - Price value / Number of coupon) = (1,000 - 900) / (15 * 4)

= 1.667

C= (Redemption value + Price / 2) = 1,000 + 900 / 2 = 1,900 /2 = 950

Quarterly yield = 30 + 1.66667 / 950 = 31.6667 / 950 = 0.03333

Quarterly yield = 3.33%

Using the calculator, we get exact Ytm quarterly = 3.3925%

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Effective amount yield = 0.142762 * 100

Effective amount yield = 14.2762%

Effective amount yield = 14.28%

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3 years ago

Dorothy acquired a 100% interest in two passive activities: Activity A in January 2014 and Activity B in 2015. Through 2017, Act

alekssr [168]

Answer:

$180,000

$240,000

Explanation:

In 2018 and 2019, Dorothy may deduct none of the net passive losses that remain after offsetting the passive income. In 2018, the $20,000 of passive income is used to absorb $20,000 of the $200,000 passive loss, leaving $180,000 of passive loss suspended. In 2019, the $40,000 of passive income is used against the $100,000 passive loss, leaving a $60,000 passive loss suspended for that year. Thus , a total of $240,000 of passive losses is suspended at the year 2019 into 2020.

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3 years ago

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zloy xaker [14]

Answer:

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It is also being used to help customers take advantage of discounts and coupons on items being purchased. The effect is that customers spend 10% when they shop using this technology.

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4. According to the case study, the technology referred to in 3 above is already pioneered by Apple Stores.

Cheers!

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3 years ago

When a person incorporates unimportant events within a delusional framework and reads personal significance into trivial activit

mafiozo [28]

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Ideas of reference or delusions of reference involve someone having a notion or perception that irrelevant, unrelated or harmless things inside the world are regarding them without delay or have special non-public significance.

Learn more about incorporating unimportant events within a delusional framework here

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1 year ago