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BigorU [14]
3 years ago
9

Gilbert has just started saving for a new horse. He plans to make savings payments of $700 each year for the next 5 years and ha

s just made his payment. How much will he have saved at the end of year 5 if the interest rate is 4.5%
Business
1 answer:
steposvetlana [31]3 years ago
6 0

Answer:

the value that should be saved is $4,001.82

Explanation:

The computation of the amount that should be saved at the year end of 5 years in that case where the rate of interest is 4.5% is shown below:

Value in 5 years is

= (1 + rate) × Annual Payment × [{(1 + rate)number of years - 1} ÷ rate]

= (1 + 0.045) × $700 × [{(1 + 0.045)^5 - 1} ÷ 0.045]

= $731.50 × [0.2462 ÷ 0.045]

= $731.50 *×5.4707

= $4,001.82

Hence, the value that should be saved is $4,001.82

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Like-kind property is real property held for investment or use in a trade or business exchanged for real property held for inves
lubasha [3.4K]

Answer:

True

Explanation:

Like-kind property is real property held for investment or use in a trade or business exchanged for real property held for investment or use in a trade or business.

However, Taxpayers must defer gain or loss realized on the exchange of like-kind property.

6 0
3 years ago
X-treme Vitamin Company is considering two investments, both of which cost $22,000. The cash flows are as follows: Year Project
olga2289 [7]

Answer:

0.88 year and 1 year

Explanation:

The computation of the payback period for Payback period for Project A and Project B is shown below:

Payback period = Initial investment ÷ Net cash flow

For Project A

Initial investment = $22,000

Year 1 = $25,000

Since the initial investment is less than the annual cash flows so the payback period is

= 0 years + ($22,000 ÷ $25,000)

= 0.88 years

For Project B

Initial investment = $22,000

Year 1 = $22,000

So, the payback period is

= $22,000 ÷ $22,000

= 1 year

4 0
3 years ago
What should each person do if the goal is to maximize the amount of fish and coconuts?
asambeis [7]
Are they trying to maximize the amount of fish & coconuts sold or that Is being bought? Can you add more details?
4 0
1 year ago
suppose that last year a total of $12 billion in goods and services was exported to other countries while $8 billion was importe
Aneli [31]

Suppose that last year a total of $12 billion in goods and services was exported to other countries while $8 billion was imported. Net exports equal $4 billion.

In general, real GDP is calculated by dividing nominal GDP by the GDP deflator (R). For example, if the economy's prices rise by 1% from the base year, the deflation rate is 1.01. If nominal GDP is $1 million, real GDP is calculated as $1,000,000 / $1.01 or $990,099.

Equity and bond values ​​are not included in GDP as they are not reissued annually. They may have been issued last year. Second, the stock a person buys is goods and services, and the company reuses the money invested to buy the asset, so the value is calculated twice.

Learn more about goods and services at

brainly.com/question/25125137

#SPJ4

8 0
1 year ago
Which is used as a tool for cost control in accounting​
DerKrebs [107]

Answer:

Explanation:

Ratio analysis is used as an instrument of cost control in two ways: (i) Ratios can be used to compare the performance of a business firm between two periods. It helps to identify areas which need immediate attention. (ii) Besides, standard ratios are used to compare actual areas.

7 0
2 years ago
Read 2 more answers
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