Answer:
Amount per month (A) = $200 + $0.50 x $200 = $300
Interest rate (r) = 8.25% = 0.0825
Number of years (n) = 30 years
No of compounding periods in a year (m) = 12
Future value = ?
FV = A(1 + r/m)nm - 1)
r/m
FV = $300(1 + 0.0825/12)30x12 - 1)
0.0825/12
FV = $300(1 + 0.006875)360 - 1)
0.006875
FV = $300(1.006875)360 - 1)
0.006875
FV = $300 x 1,568.218999
FV = $470,465.70
The correct answer is D
Explanation:
In this case, there is need to apply the formula for future value of an ordinary annuity on the ground that compounding is done monthly. In the formula, monthly deposit (A) is $300, number of years is 30 years and interest rate (r) is divided by 12 because compounding is done on monthly basis. The number of years is also multiplied by the number of times interest is compounded in a year.
Answer: False
Explanation:
This passage would not work on a multi-cultural audience because it uses a culture specific term which is <em>sudden-death overtime</em>.
The term is used by the National Football League for American football which is not a sport that is very popular outside the shores of the United States. A person from Nigeria or even France for instance might have a hard time understanding the reference to sudden-death overtime because they are unfamiliar with the term.
Answer:
Explanation:
The following items were deducted and added in the Schedule M–1 reconciliation
Additions:
C. Federal income tax per books.
D. Capital loss in excess of capital gain.
F. Premiums paid on life insurance policies covering executives (corporation is beneficiary).
Subtractions:
A. Life insurance proceeds received upon death of covered executive.
B. Tax depreciation in excess of book depreciation.
E. Charitable contributions in excess of taxable income limitation.
G. Domestic production activities deduction.
Answer:
Cashiers - 3,550,500
Retail - 4,602,500
Office Clerks - 3,117,700
General Combine Foods - 3,452,200
Registered Nurses - 2,955,200
Explanation:
I just took it and got them right
Answer:
They can also be consumers because the product they sell may be a necesity such as food, or basic clothing.
Explanation:
Needs are basic things needed to live which is why a supplier or producers may be a consumer to their own product. Also consumption could also just be resurculation of what they got paid.