1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AVprozaik [17]
3 years ago
15

Robert became quite well-to-do as founder and president of Carlson Auto Paint and Supply, Inc. (CAPS). Now, he wants to start a

permanent fund to support research directed toward improved sustainability of painted surfaces at his alma mater. He plans to contribute money now so that $200,000 per year can be withdrawn each year forever, beginning in year 7. If the fund earns interest at a rate of 8% per year, how much money must be donated now
Business
1 answer:
lesya692 [45]3 years ago
3 0

Answer:

The answer is "1475,000".

Explanation:

Given:

n=6\ year \ \ \                        \text{because it start with 7 beginning year}  \\\\r=8\% = 0.08\\\\P= \$ 200,000

calculating the 6-year future value:

= \frac{\$200,000}{0.08} \\\\= \$2,500,000

Using formula:

\bold{PV=FV(1+r)^{-n}}

      =\$2,500,000(1+0.08)^{-7} \\\\  =\$2,500,000(0.59)\\\\=\$1475,000

You might be interested in
\Why is it important to consider scholarships and grants before loans to pay for higher education?
Shalnov [3]

Answer:

Explanation:

Scholarships and grants are monies that are given to the student for education. You DO NOT have to pay them back.

Loans can also be given for education costs but you DO have to pay them back.  So, obviously, you want scholarships and grants before loans.

4 0
3 years ago
If you start investing a little money now you will most likely have a lot more mone than those who start investing later on in l
Afina-wow [57]

True, usually the earlier you invest the more money you will get later down the road.  

7 0
3 years ago
Read 2 more answers
What is the total manufacturing overhead assigned to the current order for Men's Razors if the firm uses a volume-based plant wi
Brut [27]

Answer:

$7,200

Explanation:

The computation of the total manufacturing overhead assigned is shown below:

= ($168,640 + $127,840 + $554,400 + $1,078,000) ÷ $514,368

= 375% per direct-labor dollar.

Now  

= $514,368 ÷ 8,037

= $64 per DL hour.

And,  

= $64  × 30 direct labor hours

= $1920.

So,  

Manufacturing overhead is

= 1920 × 375%

= $7,200

8 0
3 years ago
Unclearninglab.litmos.com
adell [148]

Answer:

Janine and Josh

Josh can advise Janine  of each of the following except:

Josh should tell Janine that she can only change her current plan to a 5-

star plan during the Annual Election Period.

Explanation:

The Special Election Period (SEP) for the 5-star Medicare Plan lasts one week, that is, between Nov. 30 and Dec. 8.  However, there is an Annual Enrollment Period (AEP) that lasts from October 15th to December 7th.  During the annual enrollment period, any plan holder can change her Medicare plan, depending on its availability in her area.

3 0
3 years ago
Why might a town decide to issue bonds?
Sophie [7]
A town might decide to issue bonds to B) to build new roads or bridges. A town will achieve a specified amount of money by issuing the bond and there must be an obvious source for returning the bond value until its maturity date. Therefore, building projects or other projects related to the town's infrastructure would be the most appropriate reason for a town to issue bonds.
8 0
3 years ago
Other questions:
  • Jack owns a local trucking company. With fuel costs being expensive, Jack wants to evaluate how much fuel, on average, he should
    7·1 answer
  • Which of the following decisions is mainly a warehouse decision?
    10·1 answer
  • If a company purchases plastic that they will melt and form into milk jugs that they will then sell to milk plants, the cost of
    5·1 answer
  • "On January 1, 2012, Brown Company purchased a mine for $100,000. On this same date, it was estimated that the mine contained 1,
    5·1 answer
  • You can still use deferment or forbearance options after your loans are in default. True or False
    13·1 answer
  • To argue that schools should adjust their curriculum so that African, Asian, and indigenous accounts of history be incorporated
    15·1 answer
  • In this firm commitment offering who bears the financial risk? Who would bear the risk in a best efforts offering?
    6·1 answer
  • Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods
    6·1 answer
  • Explain why there are advantages to a movie studio operating in southern California, rather than in, say, Florida.
    8·1 answer
  • Suppose there were several large outstanding checks on the year-end bank reconciliation that did not clear the bank by the cutof
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!