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3 years ago

Need help!

Business

1 answer:

schepotkina [342]3 years ago

7 0

Answer:

Its strange because i got the answer of $263.50 but you don't have that option. Total Uruguayan pesos to buy

Explanation:

Total Uruguayan pesos= 5,000 Uruguayan pesos + (5,000 Uruguayan pesos multiplied by 0.05)

Total Uruguayan pesos=5,000 Uruguayan pesos + 250 Uruguayan pesos

Total Uruguayan pesos = 5,250 Uruguayan pesos

Now determine how many US dollars will it take Horace to get 5,000 pesos

US dollars needed = (5,250 Ur.$)/(19.924 Ur.$/U$S)

US dollars needed =$263,50

The amount of USD for Horace to get 5,000 pesos will be $263.50

Maybe Try this for yourself, I apologize I couldn't get a listed number, I also may have made a mistake.

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UuUGgGHhH

pogonyaev

Answer:

$372.59

Explanation:

The amount deducted is 19% of $1,961

=19/100 x $1961

=0.19 x $1961

=$372.59

Amount deducted is $372.59

6 0

3 years ago

Allison and Nick anticipate they will require an annual income of $50,000 (in current dollars) when they retire 15 years from no

Evgesh-ka [11]

Answer:

Annual payment= $57,928

Explanation:

Giving the following information:

Allison and Nick anticipate they will require an annual income of $50,000 when they retire 15 years from now.

They expect to receive Social Security benefits of $20,000 per year at that time. In calculating their retirement savings need, the couple is assuming a 3% annual rate of inflation, an 8% return on investments, and a 25-year retirement period.

First, we need to calculate how much money they need on retirement:

25 years * 50000= $1,250,000

i=8%-3%= 5%

To calculate the annual payment we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual payment

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (1,250,000*0.05)/[(1.05^15)-1]= $57,928

4 0

3 years ago

The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $27,000 per year fo

TEA [102]

Answer:

5.72%

Explanation:

This involves perpetual annuity, where there are equal cash flows for infinity paid in specific durations

To find the interest rate we use the perpetuity cash flows equation.

Present value(P)= Yearly payments(Y)/Interest rate(I)

P= $472,000

Y= $27,000

I= ?

So 472,000= 27,000/I

Cross-multiply

472,000*I= 27,000

I= 27,000/472,000

I= 0.0572

Remember to express interest as percentage

I= 0.0572* 100= 5.72%

4 0

4 years ago

Bradford, Inc is evaluating the following projects based on their weighted average cost of capital. Assume Bradford can raise mo

drek231 [11]

Answer:

Explanation:

Projects which has highest return shall be accepted.

Assuming brad ford can take up to $40,000,000 at the rate of 11 % and more funds at 14 % cost of capital.

Now we will calculate weighted average return for each combination

For a and b = (30×18+ 10×16)/40 = 17.5

For second option

(20×12 + 10×15 +10×16)/40 = 13.75

So projects A and B shall be accepted

5 0

3 years ago

What is the relationship between gross pay and net pay?

grandymaker [24]

Answer:

B. Gross pay is more than net pay

Explanation:

Gross pay is the amount of money earned before taxes and other payments are deducted

Net pay is the amount one receives after deductions and taxes have been calculated.

5 0

4 years ago