Answer:
the amount that need to be deposited each year is $7,166.28
Explanation:
The computation of the amount that should be deposited each year is shown below:
Given that
FV is $66,000
NPER is 9
RATE is 6.9% ÷ 12 = 0.575%
PV is 0
The formula is shown below:
= PMT(RATE,NPER,PV,-FV,TYPE)
AFter applying the above formula, the amount that need to be deposited each year is $7,166.28
Answer:
$4,522
Explanation:
As the restaurant is not acquired so the amount of $28,000 would be non-deductible
Also if the expenses is incurred so the maximum deduction allowed is in excess of $50,000 is $5,000
Now
= $51,000 - $50,000
= $1,000 reduction
And,
= $5,000 - $1,000
= $4,000 deduction
Now
= $51,000 - $4,000
= $47,000
Now
= $47,000 ÷ 180 months
= $261 × 2 months
= 522
Now total deduction is
= $4,000 + $522
= $4,522
Answer:
making business Strategy
Explanation:
As he and his staff has already planned out what they have to sell . He is now making a business strategy to implement. Business strategy is developed to achieve the desired results within the required time and with the given opportunities or circumstances. In other words it is a master plan set out to get the required results within a specific environment with specific alternatives.
<span>the correct answer is
B) solve your problem directly with the creditor</span>
We can solve this problem by using the formula for
finding the present value given the annuity values. The formula is given as:
P = A * [(1 + i)^n – 1] / i (1 + i)^n
Where,
P = present value of the annuity
A = the annuity value = $26,000
i = interest rate = 0.06
n = number of years = 90 – 65 = 25
Substituting the given values to the equation:
P = 26,000 * [(1 + 0.06)^25 – 1] / 0.06 (1 + 0.06)^25
P = 26,000 * 12.783356183
P = $332,367.26
<span>Therefore the present value of his social security
benefits will be about $332,367.26</span>