Answer:
$3,438.45
Explanation:
The amount invested is the sum of Bob's and Judy's savings:
The equation that gives the future value of an investment P, at an annual interest rate r for t years, compounded monthly, is:
Therefore, the account balance after 12 years of an initial investment of $2,400 at 3% is:
The account balance after 12 years will be $3,438.45.
Answer:
Explanation:
In 2019, the gross income test is an official order that all dependents have no right to earn more than a given amount of income each year which is ($4200).
To compute the gross income for James Father, we have:
Description Amount
Gross income for rents $3000
Municipal Bond Interest 0
Dividend Income $1500
Social Security: 0
(since social security is exempted from the gross-income dependency test;
The total gross income = $4500
Thus, the gross income for James Father is $4500 as such he is not qualified to be dependent.
Odometer reading is a vital tool in car assessment, it represents safety, real age of the vehicle, and many other general factors. The act of altering the number constitutes forgery and fraud, due to it's apparent nature. For example, if it would be legal to alter the odometer reading, then many people could buy brand new cars at their local dealerships, with reality being that those are used cars with thousands of miles on them, and used car owners will be more prone to be in car collisions, without having a clue of the real state of their car.
Barry is the producer/manufacture and tom is the wholesaler/middleman
Answer:
The correct answer is A: %70,154
Explanation:
Giving the following information:
True: Finding the present value of cash flows in future years tells you how much you would need to invest today so that it would grow to equal the given future amount.
What is the value today of a $158,000 cash flow expected to be received 12 years from now based on an annual interest rate of 7%?
We need to use the following formula:
PV= FV/(1+i)^n
FV= final value
i= interest rate
n= number of years
PV= 158000/(1.07^12)= $70,154