Answer:
they need to put into the account $99444.97
Explanation:
given data
age = 14 year
time period = 4 year
saving account = $115000
fixed interest rate = 3.7% per year = 0.037
future value = $115000
solution
we get here present value that is express as
present value = 
..........................1
put here value and we get
present value = 
solve it we get
present value = $99444.97
so they need to put into the account $99444.97
Answer:
are still used by nations as a means of rewarding their friends and punishing their enemies
Explanation:
Trade barriers "are still used by nations as a means of rewarding their friends and punishing their enemies."
The above statement is based on the fact that trade barriers have been analyzed to be damaging and reduce the total economic advantage of the affected countries.
For example, the imposition of taxes on food imports and subsidies for farmers in advanced countries leads to overproduction and eventually dumping on world markets, thereby reducing the prices and affecting the developing countries' farmers.
Answer: I think that ones the answer too
Answer:
The monthly withdrawal is $701.10
Explanation:
The monthly withdrawal can be computed with PMT formula using excel spreadsheet.
The formula is PMT(rate,nper,-pv)
The fv and type are both taken as zero.
However, the rate of 5.5 % given in the question is a yearly rate,but the requirement of the question is monthly withdrawal, hence the rate is divided by 12 months to reflect a monthly rate i.e 5.5%/12
Besides, the nper should also to be adapted to show that the withdrawal is to be made every month for 18 years, hence nper is 12*18
The computation of the pmt based on the above highlighted points is found in the attached.
Answer:
Limited partner
Explanation:
A limited partner has limited liabilities and doesn't take an active role in managing the operation of the business. A limited partner is also known as a silent partner.
I hope my answer helps you
