Answer:
a. $2953.9
b. $2813.24
Explanation:
To calculate the future value of an annuity paid at the beginning of the period, you have:
![VF = A\left[\frac{(1+i)^{n+1} - (1+i)}{i}\right] = 100\left[\frac{(1.05)^{19} - (1.05)}{0.05}\right] = 2953.9](https://tex.z-dn.net/?f=VF%20%3D%20A%5Cleft%5B%5Cfrac%7B%281%2Bi%29%5E%7Bn%2B1%7D%20-%20%281%2Bi%29%7D%7Bi%7D%5Cright%5D%20%3D%20100%5Cleft%5B%5Cfrac%7B%281.05%29%5E%7B19%7D%20-%20%281.05%29%7D%7B0.05%7D%5Cright%5D%20%3D%202953.9)
To calculate the future value of an annuity paid at the end of the period, you have:
![VF = A\left[\frac{(1+i)^{n} - 1)}{i}\right] = 100\left[\frac{(1.05)^{18} - 1)}{0.05}\right] = 2813.24](https://tex.z-dn.net/?f=VF%20%3D%20A%5Cleft%5B%5Cfrac%7B%281%2Bi%29%5E%7Bn%7D%20-%201%29%7D%7Bi%7D%5Cright%5D%20%3D%20100%5Cleft%5B%5Cfrac%7B%281.05%29%5E%7B18%7D%20-%201%29%7D%7B0.05%7D%5Cright%5D%20%3D%202813.24)
Mr. Knox will have $2953.9 at the end of the 18 years, if he pays $100 at the beginning of each year. On teh other hand, Mr Knox will have $2813.24 at the end of the 18 years, if he pays $100 at the end of each year.
Revenue and retained earnings provide insights into a company’s financial performance. While Retained earnings are an accumulation of a company's net income and net losses over all the years the business has been operating whereas, Revenue is a critical component of the income statement.
Retained earnings are the amount of profit a company has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders. Retained earnings make up part of the stockholder's equity on the balance sheet.
Revenue, sometimes referred to as gross sales, affects retained earnings since any increases in revenue through sales and investments boost profits or net income.
To learn more about Retained earnings here
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Answer:
Monthly deposit= $2,625.16
Explanation:
Giving the following information:
Total cost= 2,676*3= $8,028
Monthly interest rate0 0.023/12= 0.00192
<u>First, we need to calculate the nominal value required at the end of the third month:</u>
PV= FV / (1 + i)^n
FV= 8,028
i= 0.00192
n= 9 months
PV= 8,028 / (1.00192^9)
PV= $7,890.6
<u>Now, the monthly investment to reach $7,890.6:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (7,890.6*0.00192) / [(1.00192^3) - 1]
A= $2,625.16
Answer:
A is the answer I thank if not it c but my eyes is mostly on A bc it sounds right and looks rught
Answer: The free enterprise system was certainly necessary for Mary Kay Ash to make an impact on the business world.
Explanation: This is because having no restrictions from the government, Mary Kay could set the price of her products, making them competitive in the market. By selling directly to end consumers, she skipped intermediaries, therefore cut costs and had a great impact on the business world. Another strategy she used is "try before buying", which became a plus for her products, having satisfied costumers become captive consumers, always coming back for more. The Free Enterprise System was absolutely helpful for Mary Kay Cosmetics to have pressence in the world for 56 years now.
