Question

The government has imposed a fine on jj’s place. the fine calls for annual payments of $60,000, $70,000, $75,000, and $50,000, respectively, over the next four years. the first payment is due one year from today. the government plans to invest the funds until the final payment is collected and then donate the entire amount, including the investment earnings, to help the local community shelter. the government will earn 5.5 percent on the funds held. how much will the community shelter receive four years from today?

Answer 1

Answer:

The answer is FV = $60,000 ×1.055^3 + $70,000 ×1.055^2 + $75,000 ×1.055 + $50,000  = $277,491  

Explanation:

A fine or mulct is cash that a courtroom or other expert chooses must be paid as discipline for a wrongdoing or other offense. The measure of a fine can be resolved case by case, however usually reported ahead of time. Punishment: Punishment as fines or jail terms forced on wrongdoers.When you pay a fine and confess then normally you are indicted for the speeding offense and it at that point is set on your driving record. On the off chance that you go to court and battle the ticket and are discovered liable in court then you are then sentenced for the offense.