1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Harman [31]
3 years ago
5

A small business has determined that the machinery they currently use will wear out in 16 years. To replace the new machine when

it wears out, the company wants to establish a savings account today. If the interest rate on the account is 1.6 percent compounded quarterly and the cost of the machinery will be $280,000, how much will the company have to deposit today?
Business
1 answer:
Afina-wow [57]3 years ago
8 0

Answer:

Present value deposit today = 216,886 (Approx)

Explanation:

Given:

Number of year (n) = 16 years x 4 quarter = 64

Rate of interest (r) = 1.6% = 0.016 / 4 = 0.004

Future value = $280,000

Present value = ?

Computation of present value deposit today:

Present\ value = \frac{Future\ value}{(1+r)^n}\\\\Present\ value = \frac{280,000}{(1+0.004)^{64}}\\\\Present\ value = \frac{280,000}{1.291}\\\\Present\ value = 216,886.135

Present value deposit today = 216,886 (Approx)

You might be interested in
The final step in active listening involves
kvv77 [185]

Answer:

The final step is responding.

6 0
2 years ago
The offeror may _____ the offer at any time prior to acceptance.
ivanzaharov [21]

Answer:

The offeror may retract the offer at any time prior to acceptance.

Most likely the offeror was able to get a better deal somewhere else, which allows the offeror to retract the offer. However, if they had already made a deal, the offeror would have broken the deal, which may result in action.

~

8 0
2 years ago
explain on how the media can influence public opinion of sports personalities in both a positive and a negative way...
BabaBlast [244]
It can influence public opinion in a positive way by showing classic stories of kids who come from poor families and how it motivated them to stay in school and perhaps even go to college. It can influence public opinion in a negative way by highlighting the use of dangerous performance enhancing drugs (steroids) as well as a hyper-macho culture which has sometimes been seen to encourage bullying or sexual assault.
8 0
3 years ago
Q has an ordinary straight whole life insurance policy for $100,000. Due to a change in circumstances, Q finds that there is now
uranmaximum [27]

Answer:

Add a term rider

Explanation:

To satisfy the need for additional coverage at a low price the Q can add a term life insurance rider.

The addition of a term rider will allow Q for the additional coverage to be put into place at an affordable price, without having to acquire another policy.

As term rider is a fixed benefit policy thus, ordinary straight whole life will not allow an increase in face amount.

6 0
2 years ago
Of the four sources of cash listed below, which can be found in the balance sheet?a. funds provided by operations.b. funds provi
My name is Ann [436]

Answer: b. funds provided by borrowing.

c. funds provided by the sale of assets.

d. funds provided by issuing common or preferred stock.

Explanation:

The financial statement consists of two main components which are the balance sheet and the income statement. The balance sheet simoly shows the financial standing of a firm.

Of the options, those that can found in the balance sheet are:

b. funds provided by borrowing.

c. funds provided by the sale of assets.

d. funds provided by issuing common or preferred stock.

5 0
3 years ago
Other questions:
  • In long-run equilibrium:
    11·1 answer
  • All of the following are guidelines for budgeting except:
    14·1 answer
  • You are installing a new computer system with
    12·1 answer
  • Based on the following passage, what force can you infer is responsible for causing an implosion if not pressure?
    8·2 answers
  • Timothy Company has invested $1,000,000 in a plant to make vending machines. The target operating income desired from the plant
    9·1 answer
  • The following account appears in the ledger prior to recognizing the jobs completed in January:
    15·1 answer
  • Examine the quarterly sales data in a little different way. Contruct two pie charts, one for sales in 2012 and the other for sal
    15·1 answer
  • The May transactions of Whispering Winds Corp. were as follows. May 4 Paid $690 due for supplies previously purchased on account
    10·1 answer
  • The owner of a mansion with extensive landscaped grounds installed a life-size marble statue of his late mother affixed to a gra
    13·1 answer
  • Alberto determined one of the metrics he would use to gauge the level of exposure his marketing message had with his target mark
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!