Answer:
Annual deposit= $7,648.27
Explanation:
Giving the following information:
A beach house in Southern California now costs $350,000.
Inflation rate= 5% per year
Interest rate= 13% annual
Number of years= 20
We need to find an annual payment to be made at the end of each year to reach the $350,000 goal.
We need to use the following formula of the future value:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
Real interest rate= 0.13 - 0.05= 008
A= (350,000*0.08) / [(1.08^20) - 1]= $7,648.27
Yes, it matters very much. The crops that will plant on our farmlands ought to be rotated in such a way that the soil fertility will be maximized. If the nutrients in the soil are depleted, the soil will become infertile and the yields that a farmer will get from his planting will be drastically low. Thus, it is important to protect soil nutrients at all time during planting operation.
Answer:
the depreciation expense that should be recorded for the second year is $27,375
Explanation:
The computation of the amount of depreciation expense that should be recorded for the second year is shown below
Depreciation rate is
= ($198,250 - $10,500) ÷ 751000
= 0.25 per bolt
Now Depreciation expense for the second year
= $109,500 × .25
= $27,375
hence, the depreciation expense that should be recorded for the second year is $27,375
Answer:
- The two are not equal and not maximizing her utility.
- Martha should more on orange juice and less on coffee
Explanation:
Martha's currently receiving 75 utils per ounce
orange juice costs 25 cents per ounce = $0.25 per ounce
then 75 utils per ounce/ $0.25 per ounce = $300 utils from her last dollar spending on the orange juice though only 50 utils per ounce /$0.20 per ounce = $ 250 utils per dollar from her last dollar exhausted on coffee
- The two are not equal and not maximizing her utility.
- Martha should more on orange juice and less on coffee.
Answer: The correct answer is C
Explanation:
Because it helps you do your taxes and Have a nice day
