Answer:
13.70%
Explanation:
We use the PMT formula which is to be shown in the attachment
Given that,
Present value = $1,326.50
Future value = $1,000
Rate of interest = 9.8% ÷ 2 = 4.9%
NPER = 18 years × 2 = 36 years
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the PMT is
= $68.48 × 2
= $136.92
Now the coupon rate is
= $136.92 ÷ $1,000
= 13.70%
Answer:
A. Either the PBO or the return on plan assets turns out to be different than expected
Explanation:
Answer:
cross-projection method.
Explanation:
Based on the information provided within the question it can be said that the best method to accomplish this task would be to use the cross-projection method. This method makes the floors and walls of a room appear as though they were on the same surface, thus allowing the user to measure the angle formed between two lines.
Answer:
(1) If discount rate is 7%, present value of $1,400 paid in three years is $3,674.04
(2) If discount rate is 8%, present value of $1,400 paid in three years is $3,607.94
(3)If discount rate is 9%, present value of $1,400 paid in three years is $3,543.81
Explanation:
We can use excel or manually calculate as below:
(1) Discount rate is 7%:
= $1400/(1+7%)^3+$1400/(1+7%)^2+$1400/(1+7%) = $3,674.04
(2) Discount rate is 8%:
= $1400/(1+8%)^3+$1400/(1+8%)^2+$1400/(1+8%) = $3,607.94
(3) Discount rate is 9%:
= $1400/(1+8%)^3+$1400/(1+9%)^2+$1400/(1+9%) = $3,543.81
I attached the calculation in excel for your reference.
Answer: $1,695
Explanation:
GIVEN THE FOLLOWING ;
miscellaneous itemized deduction for the year;
Home office expenses = $1,200
Union dues and work uniforms = $350
Unreimbursed employee expenses = $415
Gambling losses to the extent of gambling winnings = $890.
Value of miscellaneous itemized deduction is :
Miscellaneous itemized deduction = [(Home office expenses + Union dues and work uniforms + Unreimbursed employee expenses) – 2 % of Adjusted Gross Income + Gambling losses to the extent of gamble winnings]
[($1,200 + $350 + $415) - (0.02 × 58,000) + $890]
[$1,965 - $1160 + $890]
$1,695