Business, 06.10.2019 04:01 allisonatalie6654

The following situations should be considered independently. (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.) 1. john jamison wants to accumulate $64,307 for a down payment on a small business. he will invest $30,000 today in a bank account paying 10% interest compounded annually. approximately how long will it take john to reach his goal? 2. the jasmine tea company purchased merchandise from a supplier for $33,494. payment was a noninterest-bearing note requiring jasmine to make seven annual payments of $6,000 beginning one year from the date of purchase. what is the interest rate implicit in this agreement? 3. sam robinson borrowed $15,000 from a friend and promised to pay the loan in 11 equal annual installments beginning one year from the date of the loan. sam’s friend would like to be reimbursed for the time value of money at an 11% annual rate. what is the annual payment sam must make to pay back his friend?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 02:20

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

Answers: 2

Answer

Business, 22.06.2019 20:30

Before the tools that have come from computational psychiatry are ready to be used in everyday practice by psychiatrics, what is needed

Answers: 1

Answer

Business, 22.06.2019 22:40

Effective capacity is the: a. capacity a firm expects to achieve given the current operating constraints.b. minimum usable capacity of a particular facility.c. sum of all the organization's inputs.d. average output that can be achieved under ideal conditions.e. maximum output of a system in a given period.

Answers: 1

Answer

Business, 23.06.2019 01:20

Which resource management task includes activating local resource requirements, if available? a. track and report b. mobilize c. order and acquire d. reimburse and restock

Answers: 1

Answer

You know the right answer?

The following situations should be considered independently. (fv of $1, pv of $1, fva of $1, pva of...

Questions