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cricket20 [7]
2 years ago
15

WAN YOU TELL THE DIFFERENCE?

Business
1 answer:
mash [69]2 years ago
8 0

Answer:

Why is this so long I don't understand

sorry

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What are the advantages and disadvantages of paying the new manager primarily cash pay?
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A manufacturer of triaxial accelerometers wants to have $2,800,000 available 10 years from now so that a new product line can be
melomori [17]

Calculation of equal amount to deposit each year to get the future amount:


It is given that a manufacturer of triaxial accelerometers wants to have $2,800,000 available 10 years from now. So we can say that Future value is $2,800,000. We are also given that the deposit rate is 6% per year.

In order to find out the equal amount to deposit each year we need to calculate the annuity using the future value of annuity formula as follows;

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FV of $1 annuity (at 6% rate for 10 years) is 13.18079


Hence,

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Hence , equal amount to deposit each year is $212,430.36










8 0
3 years ago
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