Answer:
$71,720.
Explanation:
We can find the answer by finding the future value for the two periods (the 15 years under 4.1% interest rate, and the 18 years under 3.5% interest rate) using the future value of an investment formula:
FV = PV (1 + i)^n
Where:
- FV = Future value
- PV = Present value
- i = interest rate
- n = number of compounding periods
Now, for the first period of time, we plug the amounts into the formula:
FV = $21,000 (1 + 0.041)^15
FV = $38,369
Now, we take that result, and apply the same formula:
FV = $38,369 (1 + 0.035)^18
FV = $71,270
So, the total amount you will have in your account after 33 years is $71,720.
Answer:
Projected cost of goods sold for 2018 will be $3,454 million
Explanation:
Step 1. Projected cost of goods sold for 2018 will be Projected cost of goods sold
Step 2. Set up the value of the variables.
= $(8,180*1.03 *(3,272/8,180)+1%)
Step 3. Solve.
= (8,425 * (0.40+1%) = 3,454 million
Answer:
Anticipatory repudiation.
Explanation:
Penelope's attitude or follow up towards her ordeal above is an example of anticipatory repudiation.
This is also termed an anticipatory breach, is a term in the law of contracts that describes a declaration by the promising party to a contract, that he or she does not intend to live up to his or her obligations under the contract.
It generally is a breach that constitutes material of contracts that discharge the promisee from all the obligations that they are under.
Itoccurs when the promisor indicates before the time for his performance that he is unwilling or unable to carry out of the contract.
Answer:
There are at least 2 opportunity costs associated with of letting your colleague have another month:
- if you invested in the oil-well venture, you could have earned $5,100 x 36% = $1,836 in one year
- if you invested in the new IT stock, you could have earned $5,100 x 48% = $2,448 in one year
You could invest in one of these options, or divide your money and invest in both options, e.g. invest $2,000 in the oil company and $3,000 in the IT company. Each different investment proportion results in a different opportunity cost.
Explanation:
Opportunity costs are the benefits lost or extra costs associated to carrying out an investment or activity instead of another alternative. Sometimes you might have several opportunity costs for one investment, e.g. invest in the IT company which is risky, invest in corporate bonds which is less risky or invest in US securities which is a safe investment.
