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nikitadnepr [17]
2 years ago
13

If you wish to accumulate $125,000 in 7 years, how much must you deposit today in an account that pays a quoted annual interest

rate of 11% with quarterly compounding of interest
Business
1 answer:
elixir [45]2 years ago
7 0

Answer:

You need to deposit $58,481.53 today.

Explanation:

a) Data and Calculations:

Future value expected = $125,000

Period of investment = 7 years

Interest rate = 11% compounded quarterly

The amount of deposit needed today to earn $125,000 in 7 years at annual interest rate of 11% is calculated as follows:

N (# of periods)  28

I/Y (Interest per year)  11

PMT (Periodic Payment)  0

FV (Future Value)  125000

Results

PV = $58,481.53

Total Interest $66,518.47

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3 years ago
scott is the chief human resource officer (CHRO) of MarkIt Inc.. In performing the tasks of aligning the HR activities with the
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Answer:

leader of the HR function

Explanation:

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Which of the following is a deductible loss for income tax purposes?
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d. Net long-term capital losses in excess of $3,000.

Explanation:

A net long-term capital losses in excess of $3,000 is a deductible loss for income tax purposes.

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