Answer:
e. $153,156
Explanation:
From 9/1/14, he needs $50,000 every year for 4 years to fund the tuition fees. Therefore, present value of the amount needed at 9/1/14 using the Present value of annuity due formula
= 50,000 * {1+ (1/(1.05)^4) } / 0.05 * (1.05)
= $186,162
$186,162 is the amount needed after 4 years. Amount you need to invest today to have this amount in four years = $186,162/(1.05)^4 = $186,162/1.21550625 = $153,156.40
Considering the available options, Bonds are a "<u>store of value, but not a medium of exchange."</u>
<h3>What are Bonds?</h3>
Bonds is a term or entity in the financial world to describe a form of fixed-income security that has its terms stipulated in an indenture or legal contract.
<h3>Medium of Exchange</h3>
On the other medium of exchange is an entity used in a transaction to exchange goods or services.
In modern times, the medium of exchange is currency or money.
Hence, in this case, it is concluded that the correct answer is option B. "<u>store of value, but not a medium of exchange."</u>
Learn more about Bonds here: brainly.com/question/25425872
Answer:
the correct answer is a. General information questions
Explanation:
many areas of a candidate are evaluated during an interview for a specific job or a position. among these tested areas are health, IQ, creativity, team working capacity, individual decision making ability, aptitude and the past performance and achievements.
general information question are inclined to obtain the past performance and actions of an employee. this allows the business to evaluate the individual and how he or she will react during the course of work in their job in the future.
Answer:
$18,783
Explanation:
Ann Price loaned to Joe Kiger × Rate of Interest
Ann Price loaned to Joe Kiger$187,825
Rate of Interest 10%
Hence;
$187,825 × .10
= $18,783
Therefore amount of interest income should Ms. Price recognize in 2020 will be
$18,783
