Answer:
$4,5243.63
Explanation:
Data provided in the question:
Future value = $250,000
Interest rate = 5% = 0.05
Time = 5 years
Now,
Future value = ![C\times\left[ \frac{(1+i)^{n}-1}{i} \right]](https://tex.z-dn.net/?f=C%5Ctimes%5Cleft%5B%20%5Cfrac%7B%281%2Bi%29%5E%7Bn%7D-1%7D%7Bi%7D%20%5Cright%5D)
here,
C = Regular deposit amount
i = Interest rate per period
n = number of periods
Future value =
or
$250,000 = ![C\times\left[ \frac{(1+0.05)^{ 5}-1}{ 0.05} \right]](https://tex.z-dn.net/?f=C%5Ctimes%5Cleft%5B%20%5Cfrac%7B%281%2B0.05%29%5E%7B%205%7D-1%7D%7B%200.05%7D%20%5Cright%5D)
$250,000 = ![C\times\left[ \frac{ 1.05^{ 5}-1}{ 0.05} \right]](https://tex.z-dn.net/?f=C%5Ctimes%5Cleft%5B%20%5Cfrac%7B%201.05%5E%7B%205%7D-1%7D%7B%200.05%7D%20%5Cright%5D)
$250,000 = ![C\times\left[ \frac{ 1.276282 - 1}{ 0.05} \right]](https://tex.z-dn.net/?f=C%5Ctimes%5Cleft%5B%20%5Cfrac%7B%201.276282%20-%201%7D%7B%200.05%7D%20%5Cright%5D)
$250,000 = C × 5.52564
or
C = 
C = $4,5243.63
Answer:
It is true that under those circumstances there are winners and losers from trade, or in this case, more specifically from the lack of trade, because the economy of Meekertown does not engage in international trade, and as a result, the consumers have to pay $33 for meekers, instead of paying a price closer to the world average of $35. The consumers are the losers, while the domestic producers are the winners.
If Meekertown opened up to international trade, consumers would be able to buy cheaper meekers produced aborad, which means that they would be the winners while domestic producers would be the losers.
Answer:
$11,000
Explanation:
Depreciation expense in year 1 = 0.33 x $50,000 = $16,500
Depreciation expense in year 2 = 0.45 x $50,000 = $22,500
Book value in year 2 = cost of asset - accumulated depreciation
$50,000 - ( $16,500 + $22,500) = $11,000
Answer:
a. $5
b. $4
c. $6
Explanation:
a. store A?
Beginning balance = $300
Ending balance = $300 - $100 = $200
Average balance = ($300 + $200) ÷ 2 = $250
Monthly APR = 24% ÷ 12 = 2%
June finance charge = Average balance × Monthly APR = $250 × 2% = $5
b. store B
June finance charge = (Beginning balance - Payments) × Monthly APR = ($300 - $100) × 2% = $4
c. store C?
June finance charge = Beginning balance × Monthly APR = $300 × 2% = $6
