Answer:
$559,500
Explanation:
To find Live Co.'s expected dollar cash flows at the end of this year convert the Euro and Swiss francs amounts to dollar using their respective rates and then add all of the dollar amounts.
Swiss francs in dollars:
Euros is dollars:
Dollar cash flow:
The company's expected dollar cash flows are $559,500.
Paying rent, paying for food, maintaining health care.
Answer:
$7,000 gift will be worth $19,922 after 17 years ( or 68 quarters) given the discount rate is 6.2% compounded quarterly.
Explanation:
The worth of $7,000 nowadays after 17 years is equal to its future value compounded for the time of 17 years or 68 quarters.
As the discounted rate is 6.2% compounded quarterly, we have:
Compounding period = 17 x 4 = 68; Interest rate = 6.2%/4 = 1.55%.
Apply the formula for future value to determine the value of $7,000 in 17 years as: 7,000 x (1+1.55%) ^68 = $19,922.
Thus, the answer is $19,922.
Gary would be living in an apartment because it is a single housing unit in a large building. That is close to the denotation of apartment.
