Answer:
d. $55,340
Explanation:
You begin to receive the annuity at the end of the year 1, so its begin to capitalize on year 2 because the first year
there is no money to capitalize.
The second year begin to apply over the first annuity the interest payment,the next ten 10 years from 2 to 11 the deposits start to capitalize compounded anually at 9% of interest.
Compound interest, means that each time that the account generate interests, this total amount apply to the next period as basis to calculate the next interests, not only grows the interest payment over the initial capital if not over the past interest generated.
At the end of the 25 years you will have $55,340 in the account available.
$ 1,000 $ 1,090 2 Year
$ 1,000 $ 2,278 3 Year
$ 1,000 $ 3,573 4 Year
$ 1,000 $ 4,985 5 Year
$ 1,000 $ 6,523 6 Year
$ 1,000 $ 8,200 7 Year
$ 1,000 $ 10,028 8 Year
$ 1,000 $ 12,021 9 Year
$ 1,000 $ 14,193 10 Year
$ 1,000 $ 16,560 11 Year
$ 18,051 12 Year
$ 19,675 13 Year
$ 21,446 14 Year
$ 23,376 15 Year
$ 25,480 16 Year
$ 27,773 17 Year
$ 30,273 18 Year
$ 32,997 19 Year
$ 35,967 20 Year
$ 39,204 21 Year
$ 42,733 22 Year
$ 46,579 23 Year
$ 50,771 24 Year
$ 55,340 25 Year
<span>Pilar is considered the sender in this case. He is the person putting out the messages that Miguel, as the receiver, needs to attend to, receive, and understand. Pilar needs to communicate these messages in a form that will be recognizable and can be replied to for proper communication to have taken place.</span>
Answer:
45,578.45
Explanation:
PV = $ -7,900 (The iniiial investment made by Andrew and Emma at year 0)
i/r = 4% (annual interest)
PMT = $ -1,200 (Annual deposit on Angela's birthday)
n = 17
FV (Value of the savings account at Angela's 17th birthday)
Using financial calculator, we have FV = $43,825
Value of the savings at Angela's 18th birthday = $43,825 x 1.04 = 45,578.45
<u>Explanation:</u>
Tangible products
Though there is customization to products they are uniform or similar in use to the consumers. Products have the touch and feel which can be experienced before the purchase of the products.
These products have to be stocked and shelved it occupies a place. It needs protection from damage, theft or perish ability.
Intangible Products
Service is the intangible product it is given based on the customer needs. It only requires skilled employees to provide best services. Disadvantages are it requires lot of effort to satisfy the customers. Level of satisfaction can be different for different people.
Answer:
False
Explanation:
In case of the no par common stock, if the stated value is issued for cash the following journal entry would be required which is given below
Cash A/c Dr XXXXX
To Common Stock XXXXX
To Additional Paid-in Capital in excess of stated value - Common Stock XXXXX
(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)
The excess amount of stated value should be transferred to additional paid-in capital
