Answer:
$88,382.67
Explanation:
Here is the complete question:
Sally makes deposits into a retirement account every year from the age of 30 until she retires at age 65.If Sally deposits $1200 per year and the account earns interest at a rate of 4% per year, compounded annually, how much will she have in the account when she retires?
To calculate the future value of the annuity, we use this formula: amount x annuity factor
Annuity factor = {[(1+r) ^N ] - 1} / r
Amount = $1200
R = interest rate = 4%
N = number of years = 35
=( 1.04^35 - 1) / 0.04 = 73.652225
73.652225 × $1200 = $88,382.67
I hope my answer helps you
Answer: d. trades as an ADR
Explanation:
American Depository Receipts (ADR) allow for Americans to trade on foreign stock as if they were trading in American stocks. It works by a bank buying a lot of shares in the Japanese company for instance.
They will then reissue these stock as ADRs in the American stock exchanges and also value the ADR based on their valuation models to find out the ratio of ADR to share quantity. If the Japanese company is trading as an ADR. you will be able to invest in them from the United States.
Answer:
The answer is true
Explanation:
It is true.
All the line items found in cash flow statement are found in the income statement and balance sheet.
For example:
Cash received from customers can be gotten from revenue(income statement) and accounts receivable(balance sheet)
Cash paid to customers can be gotten from purchases (income statement) and inventory (balance sheet)
Cash paid to employees can be found in salary and wages expenses.
Cash received from sale of equipment can be gotten from cost of equipment (balance sheet), gain on sale of equipment (income statement)
Answer:
annual payment = $2,362.88
Explanation:
we must first calculate the future value of the loan at the end of year 4 = $6,226 x (1 + 11%)⁴ = $9,451.51
using the present value of an annuity formula we can determine the annual payment:
annual payment = present value of an annuity / PV annuity factor
- present value of an annuity = $9,451.51
- PV annuity factor 11%, 4 periods = 3.1024
annual payment = $9,451.51 / 3.1024 = $2,362.88