Business, 14.02.2020 05:28, icantspeakengles
John Rider wants to accumulate $85,000 to be used for his daughter’s college education. He would like to have the amount available on December 31, 2021. Assume that the funds will accumulate in a certificate of deposit paying 8% interest compounded annually. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Answer each of the following independent questions.
Required:
1. If John were to deposit a single amount, how much would he have to invest on December 31, 2016?
2. If John were to make five equal deposits on each December 31, beginning on December 31, 2017, what is the required amount of each deposit?
3. If John were to make five equal deposits on each December 31, beginning on December 31, 2016, what is the required amount of each deposit?
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 21:30, gokusupersaiyan12345
Afreezer manufacturer might purchase sheets of steel, wiring, shelving, and so forth, as part of its final product. this is an example of what sub-classification of business market?
Answers: 1
Business, 22.06.2019 00:00, josiesolomonn1605
Which statement about the cost of the options is true? she would save $1,000 by choosing option b. she would save $5,650 by choosing option a. she would save $11,200 by choosing option b. she would save $11,300 by choosing option a.
Answers: 2
Business, 22.06.2019 20:50, danielanderson12
The following accounts are from last year’s books at s manufacturing: raw materials bal 0 (b) 157,400 (a) 172,500 15,100 work in process bal 0 (f) 523,600 (b) 133,700 (c) 171,400 (e) 218,500 0 finished goods bal 0 (g) 477,000 (f) 523,600 46,600 manufacturing overhead (b) 23,700 (e) 218,500 (c) 27,700 (d) 159,400 7,700 cost of goods sold (g) 477,000 s manufacturing uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. what is the amount of cost of goods manufactured for the year
Answers: 3
Business, 22.06.2019 21:10, ray1840
Ahospital purchases a $500,000 magnetic resonance imaging (mri) machine that has a useful life of 9 years. the salvage value at the end of 9 years is $77,000. (a) write a linear equation that describes the value y (in dollars) of the mri machine in terms of the time t (in years), 0 ≤ t ≤ 9. (b) find the value, in dollars, of the machine after 6 years. $ (c) find the time, in years, when the value of the equipment will be $140,000. (round your answer to two decimal places.) yr
Answers: 2
Do you know the correct answer?
John Rider wants to accumulate $85,000 to be used for his daughter’s college education. He would lik...
Questions in other subjects:
Social Studies, 29.07.2019 21:50
Mathematics, 29.07.2019 21:50
Mathematics, 29.07.2019 21:50
