Answer:
Present Value = $290.20
Explanation:
The present value of a future payment can be calculated with the following formula:
PV = FV / (1 + i)N
Where i is the annual interest rate or discount rate, and t is the number of years until the payment will be received.
PV = Present Value = ?
FV = Payment = $4,400
i = 8.3% = 0.083
N = 20 - 6 = 14
PV = $4400 / (1 + 0.083)(20 - 6)
PV = $4400 / (1.083 * 14)
PV = $4400 / 15.162
PV = $290.1992
Present Value = $290.20 (Approximated)
Answer:
Cost of leasing over buying is $144.59
Explanation:
For computing the cost of leasing the laptop over buying it outright, we have to calculate the present value is shown below:
Given that,
Future value = $0
Rate of interest = 14% ÷ 12 months = 1.17%
NPER = 4 years × 12 month = 48 months
PMT = $75
The formula is shown below:
= PV(Rate;NPER;-PMT;FV;type)
So, after solving this, the present value is $2,744.59
And, the buying amount is $2,600
So, the difference is
= $2,744.59 - $2,600
= $144.59
A negotiation is a Discusion aimed at reaching an agreement. B.
Answer:
$33,850.00
Explanation:
The computation of the Adjusted gross income (AGI) is shown below:
= Wages + bank interest + lottery price - standard deduction
= $34,500 + $275 + $325 - $1,250
= $33,850
The standard deduction is a contribution to her traditional IRA. All other items which are given in the question are not relevant. Hence, we ignored it
The resident assistant should be patient and try to listen carefully when it comes to understanding thr person's needs and wants.
