Business, 10.11.2019 22:31 yourgirlmaya
Parents want to setup an account for their child studying abroad for next 2 years, where they can receive a monthly allowance of $600. the account will be compounded 6.65% monthly. how much should they deposit so their child could have the allowance?
Answers: 2
![\begin{aligned}\text{PV}&=\text{PMT}\times\left[\dfrac{1-\left(\dfrac{1}{(1+r)^{n}}\right)}{r}\right]\\&=\$600\times\left[\dfrac{1-\left(\dfrac{1}{(1+0.0665)^{24}}\right)}{0.0665}\right]\\&=\$7098.27\end{aligned}](/tpl/images/0368/3414/ecce7.png)
Other questions on the subject: Business
Business, 21.06.2019 22:50, jonlandis6
Synovec co. is growing quickly. dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. if the required return is 11 percent, and the company just paid a dividend of $2.05, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
Answers: 2
Business, 22.06.2019 12:00, bbyniah123
Select the correct answer. martha is a healer, a healthcare provider, and an experienced nurse. she wants to share her daily experiences, as well as her 12 years of work knowledge, with people who may be interested in health and healing. which mode of internet communication can martha use? a. wiki b. email c. message board d. chat e. blog
Answers: 2
Business, 22.06.2019 19:20, kimmosley80
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as
Answers: 2
Business, 22.06.2019 20:50, agray339
Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?
Answers: 2
You know the right answer?
Parents want to setup an account for their child studying abroad for next 2 years, where they can re...
Questions in other subjects:
Mathematics, 20.06.2020 23:57
