Answer:
Total FV= $1,220,441.33
Explanation:
<u>First, we need to calculate the value of the $200 for 20 years. To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
A= 200
n= 20*12= 240
Intertest rate= 0.07/12= 0.005833
FV= {200*[(1.005833^240) - 1]} / 0.005833
FV= $104,180.27
<u>Now, the value of the $300 for 30 years. At the same time, the future amount of the first investment. Each one with its separate formula. </u>
$300 monthly investment:
n= 300*12= 360
FV= {300*[(1.005833^360) - 1]} / 0.005833
FV= $365,962.41
$104,180.27 investment:
FV= PV*(1+i)^n
FV= 104,180.27*(1.005833^360)
FV= $854,478,92
<u>Finally, the total FV:</u>
Total FV= 854,478.92 + 365,962.41
Total FV= $1,220,441.33
Answer:
the after tax borrowing cost is $12,000
Explanation:
The computation of the after tax borrowing cost is shown below;
= Annual interest - tax savings
= ($200,000 ×0.10) - ($200,000 × 0.40)
= $20,000 - $8,000
= $12,000
hence, the after tax borrowing cost is $12,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Buy in-store.
Explanation:
The Polya technique suggests the following steps to solve a problem:
Step 1: Understand the problem.
Nathan is facing two options for buying a new sweatshirt. We need to calculate and compare both prices in order to determine the better buy.
Step 2: Devise a plan.
To calculate and compare the prices we need to discount the coupons on both options and then buy the sweatshirt with the lower price.
Step 3: Carry out the plan (solve).
<h2><u>
Option A</u></h2>
Price: $36
Discount: -30%
Final price option A : 36 × ( 1 - 30%) = 25.2
<h2><u>
Option B</u></h2><h2><u>
</u></h2>
Price: $32
Discount: -25%
Final price option B: 32 × ( 1 - 25%) = 24
Step 4: Look back (check and interpret).
Final price option A < Final price option B.
<h2><em>With this analysis in cosideration, we deduce that the better buy is the option A. In-store purchase.</em></h2>
<em></em>
<h2><u>
</u></h2><h2><u>
</u></h2>
Answer:
c. Shine at Interviews
Explanation:
We write a thank-you letter to the company after shine at Interviews in order to follow up
To get to know the person your dealing with in person, this is done in order to truly understand his or her mind set.
