Answer:
Lump sum required= $80,459.07
Explanation:
Giving the following information:
Monthly deposit= $1,500
Number of months= 5*12= 60
Monthly interest rate= 0.045/12= 0.00375
First, we need to calculate the final value of the monthly deposit. We will use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {1,500*[(1.00375^60)-1]}/ 0.00375
FV= $100,718.33
Now, we need to determine the lump sum required:
PV= FV/(1+i)^n
PV= 100,718.33/ (1.00375^60)
PV= $80,459.07
Answer:
$69,000
Explanation:
Data provided
Beginning balance = $20,000
Sales = $70,000
Ending balance = $21,000
The computation of company receive from customers during the month is shown below:-
Cash received from the customers = Beginning balance + Sales - Ending balance
= $20,000 + $70,000 - $21,000
= $90,000 - $21,000
= $69,000
Answer:
The correct answer is the option B: socioeconomic characteristics.
Explanation:
To begin with, the concept of<em> social stratification</em> refers to the society's organization of its people into groups according to particular characteristics regarding socioeconomic factors like wealth, income, race, education, derived power and more. Furthermore, the categorization of people by social strata occurs most in complex state-based society that categorize the individuals of their communities in groups according with socioeconomic differences and therefore that nowadays in the Western societies, social stratification is normally defined by three main social classes: the upper class, the middle class and the lower class.