Answer:
$2,048,449.79
Explanation:
Given:
Periodic payment (PMT) = $10,000
Number of payment (n) = 10 year = 10 × 12 months = 120
Rate of interest (r) = 10% annual = 0.1 / 12 month = 0.00833 per month
Future value = ?
Computation of Future value:
![Future\ value = \frac{PMT[(1+r)^n-1]}{r} \\\\Future\ value = \frac{10,000[(1+0.00833333333)^{120}-1]}{0.00833333333} \\\\Future\ value = \frac{10,000[(1.00833333333)^{120}-1]}{0.00833333333} \\\\Future\ value = \frac{10,000[2.70704042-1]}{0.008333333} \\\\Future\ value = \frac{10,000[1.70704042]}{0.00833333333} \\\\Future\ value = \frac{17,070.4042}{0.00833333} \\\\Future\ value = 2,048,449.32 \\\\](https://tex.z-dn.net/?f=Future%5C%20value%20%3D%20%5Cfrac%7BPMT%5B%281%2Br%29%5En-1%5D%7D%7Br%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%20%5Cfrac%7B10%2C000%5B%281%2B0.00833333333%29%5E%7B120%7D-1%5D%7D%7B0.00833333333%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%20%5Cfrac%7B10%2C000%5B%281.00833333333%29%5E%7B120%7D-1%5D%7D%7B0.00833333333%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%20%5Cfrac%7B10%2C000%5B2.70704042-1%5D%7D%7B0.008333333%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%20%5Cfrac%7B10%2C000%5B1.70704042%5D%7D%7B0.00833333333%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%20%5Cfrac%7B17%2C070.4042%7D%7B0.00833333%7D%20%5C%5C%5C%5CFuture%5C%20value%20%3D%202%2C048%2C449.32%20%5C%5C%5C%5C)
Future value = 2,048,449.32
Future value = 2,048,449.79 (Approx)
Answer:
Yeah I'm good with business too
Explanation:
Answer:
4) C) software that requires a high annual subscription whether you want the updates or not
Explanation:
Answer:
B) I and III
Explanation:
Generally Accepted Audit Standards are used for auditing private companies. They provide systematic guidelines to auditors when conducting audits on companies' financial statements. They check for the auditor's verifiability of the company's compliance to the Generally Accepted Accounting Principles (GAAP) as well as their accuracy and consistency of their records. Therefore, choices I and III are correct.
