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
Mars2501 [29]
3 years ago
15

On 1/1/01, Sienna Sunset, LLC provided a loan to one of its partners, Dorothy. In six years, Dorothy will have to pay Sienna Sun

set $500,000. If Dorothy invests money semiannually in a savings account that pays an annual interest rate of 7.00%, how much will she need to deposit in the account every six months?
Business
1 answer:
SVEN [57.7K]3 years ago
4 0

Answer:

Semiannual deposit= $34,241.97

Explanation:

Giving the following information:

Future value (FV)= $500,000

Number of periods (n)= 6*2= 12

Interest rate= 0.07/2= 0.035

<u>To calculate the annual deposit, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= semiannual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (500,000*0.035) / [(1.035^12) - 1]

A= $34,241.97

You might be interested in
The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050);
zimovet [89]

Answer:

Percentage of Personal consumption expenditures is 70.07%

Explanation:

The most common way to measure the national income account is gross domestic product (GDP)

GDP = C + I + G + (X – M) or

GDP = private consumption + gross investment + government investment + government spending + (exports – imports).

government purchases ($1,050) is government spending

personal consumption expenditures ($4,800) is private consumption

imports ($370)

exports ($240)

gross private domestic investment ($1,130) is gross investment

GDP = $1,050 +$4,800+$1,130+$240-$370=6.850

Personal consumption expenditures proportion  is $4,800/6.850=0,7007

in %= 70.07%

3 0
3 years ago
Entertainment Tonight, Inc. manufactures and sells stereo systems that include an assurance-type warranty for the first 90 days.
Alexandra [31]
B. credit to Unearned Warranty Revenue, $871
3 0
3 years ago
Which of the following government actions would increase the supply of cars in the United States?a. the establishment of an exci
yaroslaw [1]
I think it would be the third option
5 0
3 years ago
A decrease in the price of domestically produced industrial robots will be reflected in a. the GDP deflator but not in the consu
JulsSmile [24]

Answer:

A decrease in the price of domestically produced industrial robots will be reflected in the GDP deflator but not in the consumer price index.

<u>Explanation:</u>

Although from the outset, CPI and GDP Deflator might measure something very similar, there are a couple of key contrasts. The first is that GDP Deflator incorporates just local merchandise and nothing that is imported. This is diverse because the CPI includes anything purchased by buyers, including remote merchandise.

The subsequent contrast is that the GDP Deflator is a proportion of the costs all things considered and benefits while the CPI is a proportion of just merchandise purchased by shoppers.

6 0
3 years ago
Cara writes an e-check on Monday to pay a bill in the simulation. What is the earliest it will be applied to the vendor account?
Andrei [34K]

Based on the length of time an e-check generally takes, the earliest it might be applied to a vendor's account is on <u>Thursday</u>.

<h3>What day will the payment be applied to the vendor's account?</h3>

When an e-check is written, it has to be verified by the bank first. This process takes about 24 to 48 hours.

After verification, the bank can then send the funds to the vendor's account. This part of the transaction can take between 3 to 5 business days from the day the check was issued.

Considering the earliest time is 3 business days, an e-check written on Monday will reach a vendor's account three days later on a Thursday.

Find out more on online payments at brainly.com/question/1109723.

4 0
2 years ago
Other questions:
  • A transfer payment is
    5·1 answer
  • Washington Inc. issued $846,000 of 6%, 20-year bonds at 98 on January 1, 2009. Through January 1, 2017, Washington amortized $9,
    13·1 answer
  • A binding price ceiling on apartments (effective rent control) will:
    9·1 answer
  • Using the Du Pont method, evaluate the effects of the following relationships for the Butters Corporation. a. Butters Corporatio
    11·1 answer
  • Sandoval needs to determine its year-end inventory. The warehouse contains 20,000 units, of which 3,000 were damaged by flood an
    5·1 answer
  • Suppose that consumption is $500 and that the marginal propensity to consume is 0.6. If disposable income increases by $1,000, c
    11·1 answer
  • Ashley Kreeger is the director of marketing for a company that operates several assisted-living centres. The company is developi
    10·1 answer
  • Direct materials and direct labor of a company total $8300000. If manufacturing overhead is $4150000, what is direct labor cost
    7·1 answer
  • For which capital component must you make a tax adjustment when calculating a firmâs weighted average cost of capital (WACC)?
    7·1 answer
  • How much annual income would you need to have if, using the 28/36 ratio, your maximum allowable recurring debt is $380? a. $16,2
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!