Answer:
$98,254.57
Explanation:
Value after 8 years
Future Value of Annuity = P * ((1 + r)^n - 1 ) / r
Future Value of Annuity = 6500 * ((1 + 6.8%)^8 - 1) / (6.8%)
Future Value of Annuity = 6500 * [(1.69266113113-1) / 0.068]
Future Value of Annuity = 6500 * 10.18619
Future Value of Annuity = $66,210.24
Value after 14 years
FV = PV * (1 + r )^n
FV = 66210.26*(1+ 6.8%)^6
FV = 66210.26 * 1.483978
FV = $98,254.57
So, the amount that will be there in the account 14 years from today is $98,254.57.
<span>This is a fairly simple concept. If the government were to tighten up on drug dealers and raise the cost of dealing illegal drugs, the job of drug dealers to distribute their products would be harder. The cost to buy drugs for drug addicts would be more expensive. So, the dollar expenditures for drug addicts would increase as they feed their addiction.</span>
Answer:
The correct answer is option b.
Explanation:
Mountain River Adventures offers white water rafting trips down the Colorado River.
It costs the firm $100 for the first raft trip per day, $120 for the second, $140 for the third, and $160 for the fourth.
The market price for a raft trip was $120 but has now increased to $150.
The producer surplus is the difference between the price that a producer is willing to receive and the price he actually gets.
The increase in producer surplus due to the increase in price will be
= $150 -$120
= $70
Answer:
0.10
Explanation:
The total deposits in last bank of commerce are $100,000
The total deposits set asides as reserves are $10,000
Therefore the required reserve ratio can be calculated as follows
= 10,000/100,000
= 0.10
Hence the required reserve ratio is 0.10
Answer:
1231 gain of $95,000
Explanation:
Calculation to determine the amount and the character of gain/loss that Can should recognize on the distribution
Using this formula
Amount of gain/loss =Market value of land -Adjusted basis
Let plug in the formula
Amount of gain/loss= ($300,000 - $205,000).
Amount of gain/loss=1231 gain of $95,000
Therefore the amount and the character of gain/loss that Can should recognize on the distribution will be 1231 gain of the amount of $95,000
