How much money should be deposited annually in a bank account for five years if you wish to withdraw ​$3 comma 000 each year for three​ years, beginning five years after the last​ deposit? The interest rate is 4​% per year.

Answers

Answer 1

The amount to be deposited in the bank for five years is $1729.

The first step is to determine the present value of $3000.

Cash flow in year 1 - 4 = 0

Cash flow in year 5 - 7 = $300

I = 4%

PV calculated using a financial calculator = $7,116.48

The second step is to determine the future value of the present value calculated above

$7,116.48 x (1.04)^7 = $9,364.80

The third step is to determine the amount to be deposited each year for 5 years:

Amount = future value /annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

= [(1.04)^5 - 1] / 0.04 = 5.416323

Amount = $9,364.80/ 5.416323 = $1729

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Related Questions

Cultural Change
The General Duty Clause imposes requirements on

Answers

Answer:

employer

Explanation:

The general duty clause imposes requirements on employer to provide every employee with a place of employment that are causing or a likely to cause death or serious Physical harms.

Help help help help help help please please

Answers

Answer:

A

Explanation:

The final answer would be A

The circular flow of income model shows

a. that consumers demand products and supply resources.

b. that producers supply products and demand resources.

c. that the two basic institutions of households (consumers and businesses (producers) are each demanders and suppliers.

d. that the real flow and the money flow are in opposite.

e. all of the above

Answer:
e. all of the above

Answers

the correct answer is letter C:)

Hope it's help!! :))

happy sunny or night

All goods to be imported whether or not subject to import duties must be declared in writing on prescribed forms.

Answers

A customs declaration is an official document that lists and gives details of goods that are being imported or exported. In legal terms, a customs declaration is the act whereby a person indicates the wish to place goods under a given customs procedure.

a firm has an Roa of 14% a debt equity ratio .80 a tax rate of 35% and the interest rate on the debt is 10% the firm's Roe is ​

Answers

Answer:

11.18%

Explanation:

i had this question too

Harris Teeter is advertising a sale on hamburger buns. What is the impact on the demand for hamburgers

Answers

The impact on the demand for hamburgers when Harris Teeter advertised a sale on Hamburger buns is an increase in the demand for hamburgers.

A sale is an activity where goods are sold at discounted prices. When a sale is advertised, people are most likely going to seize the opportunity to purchase goods at discounted amounts.

There will thus be an increase in the demand for goods.

So, the impact on the demand for hamburgers when Harris Teeter advertises a sale is an increase.

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Which of the following is appropriate interview attire for women?

a
A bright pink, floral suit

b
A t-shirt with a skirt

c
Multiple large necklaces

d
Dark-colored, closed-toed shoes
Will Give Brainlest!! Quickly Please!!! <3

Answers

Answer:

I'm going to say the answer is B ! I could be wrong but this is what i think :)

Explanation:

Answer: The answer is (D) Dark-colored, closed-toed shoes. Although a skirt is a smart choice, a t-shirt is considered informal and you should not choose this answer.

Explanation: I hope this helps good luck! also I got a 100 on the test.

Select all that apply.

Work environments can be:

indoor
outdoor
both indoor and outdoor
none of the above

Answers

Answer:

C. Both indoor and outdoor

Answer:

C

Explanation:

Help help help help help help

Answers

the answer I think is c

Explanation:

for the reason I have no clue I just joined and said to do this so just ignore me

A firm is considering purchasing two assets. Asset A will have a useful life of 15 years and cost $3 million; it will have installation costs of $400,000 but no salvage or residual value. Asset B will have a useful life of 6 years and cost $1.3 million; it will have installation costs of $180,000 and a salvage or residual value of $300,000. Which asset will have a greater annual straight-line depreciation?
A) Asset B has $40,000 more in depreciation per year.
B) Asset B has $30,000 more in depreciation per year.
C) Asset A has $30,000 more in depreciation per year.
D) Asset A has $40,000 more in depreciation per year.

Answers

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89

A professional mentor should be used for guidance on which of the following?

the development of a mentee’s resume
improving of a mentee’s presentation skills
the hair color of the mentee for a date
which car would be best to rent for a weekend ski tri

Answers

Answer:

Answer:

1. The development of a mentee's resume

2. Improving of a mentee's presentation skills

Explanation:

A professional mentor can be involved in the services like developing a mentee's resume; and improving his presentation skills.

What are the roles of a professional mentor?

A professional mentor is someone who offers his services to a mentee by training in the skills that would help him in achieving his organizational and career goals.

In the above example, a professional mentor has to work on development of his mentee's resume to help him attract more employers at an attractive pay.

Hence, options A and B as aforementioned are the areas of work in which in the guidance of a professional mentor is required.

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A company has a before-tax cost of common equity of 14%, a pre-tax cost of debt of 6%, a cost of preferred equity of 8%, and a marginal tax rate of 34%. The current market value of the company is $150 million, with $75 million common equity, $50 million debt, and $25 million preferred equity. What is this company's weighted average cost of capital?

Answers

Weighted average cost of capital = [Cost of equity * Proportion of equity] +[Cost of preferred stock * Proportion of preferred stock] +[Cost of debt *(1-tax rate)*proportion of debt]

Cost of equity =0.14

Proportion of equity = 75/150 = 3/6

Cost of preferred stock = 0.08

Proportion of preferred stock = 25/150 = 1/6

Cost of debt = 0.06

Tax rate = 0.34

Proportion of debt = 50/150 = 2/6

Weighted average cost of capital =[0.14*3/6]+[0.08*1/6]+[0.06 (1-0.34)*2/6]

Weighted average cost of capital = 0.07+0.013+0.0128 = 0.0958 = 9.58%

Help help help help bell businesses

Answers

Question

Monetary policy can be either expansionary (growing)or contractionary (becoming smaller).

what is the purpose of expansionary monetary policy?

Answer:

C. to increase real output in the economy

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Amy currently volunteers at her local hospital. She would like to one day
become a doctor. What is the best type of student organization for Amy to
join?
A. One that has a focus on community service
B. One that has a focus on building marketing skills
C. One that has a focus on health care careers
O D. One that has a focus on technology careers

Answers

Answer:

C

Explanation:

C focuses on health care careers it makes the most sense if she wants to be a doctor.

One that has a focus on health care careers

Like other limited liability companies, for federal jurisdictional purposes, Rodeo Productions LLC is most likely a citizen of

Answers

There are different kinds of company that exist.

This is most likely a citizen of every state of which its members are citizens.

Limited liability company is often set up as a form of legal protection for shareholders and owners that hinders people from being held personally responsible for their company's debts or financial losses.

In some business structures, such as corporations and limited companies, firms are registered as a seperate legal bodies. States were members are citizen connote that evey shareholders are from one locality.

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Suppose that on any given day the prevailing equilibrium federal funds rate is below the Federal Reserve's federal funds target rate. If the Federal Reserves wishes for the federal funds rate to be permanently at the target level, then the appropriate policy for the Federal Reserve is to take a defensive open market purchase, everything else held constant. True False

Answers

The statement which states that If the Federal Reserve's wishes for the federal funds rate to be permanently at the target level, then the appropriate policy for the Federal Reserve is to take a defensive open market purchase, is TRUE.

Based on the given question, we can see that an open market operation refers to the way the federal government makes the federal funds rate to change buy making the loans more easily obtainable.

With this in mind, if they wish for the federal funds rate to be permanently at the target level, then they would have to take a defensive position by increasing the reserves through buying of securities so that economic activity would be stabilised.

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A key tool used for problem statement maturing (usually in conjunction with the customer is)

Answers

A design thinking is the key tool used for problem statement maturing, usually in conjunction with the customer.

Design thinking refers to a process which aims to solving problems by prioritizing the consumer's needs above all else.

The main benefit of the process is that its helps firm to identify, understand and address the need or problems of the businesses and their customer.

In conclusion, the design thinking is the key tool used for problem statement maturing, usually in conjunction with the customer.

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Help help help help help

Answers

D is the right answer

Helen Bedru is the assistant controller of Cotton Cravat Co., a subsidiary of HG automotive, which manufactures tailpipes, mufflers, and catalytic converters at several plants throughout Ethiopia . Because of pressure for lowerselling prices, Cotton Cravat Co. has had disappointing financial performance in recent years. Indeed, Helen is aware of rumblings from corporate headquarters threatening to close the plant. One of Helen's responsibilities is to present the plant's financial plans for the coming year to the corporate officers and board of directors. In preparing for the presentation, Helen was intrigued to note that the focal point of the budget presentation was a profit-volume graph projecting an increase in profits and a reduction in the break-even point. Curious as to how the improvement would be accomplished, Helen ultimately spoke with Kiruvel Mesfin, the plant manager. Kiruvel indicated that a planned increase in productivity would reduce variable costs and increase the contribution margin ratio. When asked how the productivity increase would be accomplished, Kiruvel made a vague reference to increasing the speed of the assembly line. Helen commented that speeding up the assembly line could lead to labor problems because the speed of the line was set by union contract. Kiruvel responded that he was afraid that if the speedup were opened to negotiation, the union would make a big "stink" that could result in the plant being closed. He indicated that the speedup was the "only way to save the plant, our jobs, and the jobs of all plant employees." Besides, he did not believe employees would notice a 2 or 3 percent increase in speed. Kiruvel concluded the meeting observing, "You need to emphasize the results we will accomplish next year, not the details of how we will accomplish those results. Top management does not want to be bored with details. If we accomplish what we propose in the budget, we will be in for a big bonus."

Required: What advice do you have for Helen Bedru?Support your response with sufficient and sound reasoning​

Answers

Helen Bedru can present the year's budget based on speeding up the assembly line if Kiruvel can further convince her of the possibility of achieving the plant's target. All stakeholders  should be interested in keeping the plant running.

It is the responsibility of Helen to get all the required data for the budget. The budget should be based on verifiable facts and figures without padding. If she is convinced that the plant manager's strategy is implementable, she should work out the budget based on this new strategy.

It makes business sense to allow the plant to lower its variable costs by speeding up the assembly line and eliminating inefficiencies.

Thus, Helen Bedru needs to work with Kiruvel on the details of his strategy to achieve the budget projections.

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An app on a digital device that stores account numbers, passwords, and other
sensitive information is called a
A. digital wallet
B. mobile point of sale
C. QR code
D. blockchain

Answers

Answer:

A.digital wallet

#carryonlearning

Products that a seller sells in other countries are called
A. imports.
B. exports.
c. trade barriers.
D. quotas.

Answers

Answer:

im pretty sure it is A thx

Answer:

B. exports

Explanation:

It's leaving the country that the seller resides in.

This SKU has an inconsistent product classification with the ASIN. Please submit a feed to update this SKU to match the ASIN product classification

Answers

It should be noted that a stock-keeping unit (SKU) means a scannable bar code that is usually seen on product labels that are in a retail store.

Your information is incomplete. Therefore, an overview of SKU will be given. The stock-keeping unit (SKU) allows vendors to be able to track the movement of their inventory.

On the other hand, ASIN stands for Amazon Standard Identification Number. It is a ten letters unique identifier for a product that is given by Amazon.

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who is an enterprenuaship

Answers

A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.

On May 31, 2010 Amex Corporation acquired all of 10,000 shares of Luck’s outstanding common stock by paying Br 400,000 cash and issuing 20,000 shares of Br 15 par common stock having a market value of Br 40 per share to Luck’s stockholders. In addition, Br 300,000 is contingent up on the achievement of Br 1,000,000 profit margin in the next annual period. The fair value of contingent consideration was Br 100,000. • Separate balance sheets of Amex Corporation and Luck Company on May 31, 2010, together with current fair values of Luck’s identifiable net assets are given on the next slide:​

Answers

Answer:

27. Answer the following question in the negative.

Est-ce qu'il y a quelqu'un à la réception de l'hôtel?

Explanation:

gold j]ludkcmmmmm it is ood know

William buys land for $40,000 cash. Ten years later, when the land has dropped in value to $30,000, William sells it to his wife Susan at its fair market value, $30,000. What are the income tax consequences to William of the sale to his wife

Answers

The income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.

Realized loss = Purchase cost - Sales cost

Realized loss = $40,000 - $30,000

Realized loss = $10,000

Hence, the income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.

Therefore, the Option A is correct.

Missing options includes "William realizes and recognizes loss in the amount of $10,000.  William realizes and recognizes zero gain or loss. William realizes loss in the amount of $10,000 but does not recognize that loss. None of the above."

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Enter the December 31 adjustments in the following table for prepaid insurance, supplies, accrued wages, accrued revenue, and unearned revenue. Then, complete the adjusted trial balance by entering the adjusted balance for each of the accounts.

Answers

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Baby Goods Inc. buys Child Shops Inc. in an attempt to gain monopoly power. Remedies that a court might impose in a suit against Baby Goods for a violation of the antitrust laws include Group of answer choices using its market power to encourage increased competition. funding new entries to the relevant market. divesting itself of the control or ownership of Child Shops. all of the choices.

Answers

Based on the information given regarding the monopoly power, the remedy by the court will be divesting itself of the control or ownership of Child Shops.

It should be noted that antitrust laws are put in place in order to protect consumers from business practices that are predatory and also ensure fair competition.

Since antitrust laws recommend the breaking of certain business conducts, there'll be the divesting of the company of the control or ownership of Child Shops.

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Prezario's has 25,000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $847,000. Currently, the retained earnings account balance is $428,000 and the capital in excess of par value account balance is $187,000. The company just announced a 3-for-1 stock split. What is the common stock account balance after the stock split?

Answers

Based on the information given the common stock account balance after the stock split is $25,000.

Using this formula

Common stock account balance=Shares of stock outstanding× Par value

Where:

Shares of stock outstanding=25,000

Par value=$1

Let plug in the formula

Common stock account balance=25,000×$1

Common stock account balance=$25,000

Inconclusion the common stock account balance after the stock split is $25,000.

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6.You now have the agreement with the company and will sign the contract as you and the company are satisfied with the contract agreement. Of course, this is will be your first step to build a strong relationship between you and your employer. Your manager will know more about you. This represent which of the negotiation process element?


A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship


7.You and the other party have either come to an agreement on the terms, or one party has decided that the final offer is unacceptable and therefore must be walked away from. Most negotiators assume that if their best offer has been rejected, there’s nothing left to do. You made your best offer and that’s the best you can do. This represent which of the negotiation process element?


A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship


8.Assemble the information you’ve gathered in a way that supports your position. You can present facts that show what you will contribute to the organization in the future, which in turn demonstrates your value. This represent which of the negotiation process element?


A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

Answers

A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

7.You and the other party have either come to an agreement on the terms, or one party has decided that the final offer is unacceptable and therefore must be walked away from. Most negotiators assume that if their best offer has been rejected, there’s nothing left to do. You made your best offer and that’s the best you can do. This represent which of the negotiation process element?

A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

8.Assemble the information you’ve gathered in a way that supports your position. You can present facts that show what you will contribute to the organization in the future, which in turn demonstrates your value. This represent which of the negotiation process element?

A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

The subsequent price and quantity of Rift pen is 19 and 20 respectively, while its initial price and quantity demanded is 20 and 16 respectively. A.Calculate the Price Elasticity(Ep) of Demand B. Is it Elastic or inelastic?why?

Answers

From the information given, the price elasticity of demand is -5% and it can be sent that it's elastic.

The percentage change in the quantity demanded will be:

= (20 - 16) / 16 × 100

= 25%

The percentage change in price will be:

= (19 - 20) / 20 × 100

= -5%

Price elasticity of demand = 25/-5 = -5

Sincere it's greater than 1, it's elastic.

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