niles and daphne are near retirement. they have a joint life expectancy of 25 years in retirement. daphne anticipates their annual income in retirement will need to increase each year at the rate of inflation, which they assume is 4%. based on the assumption that their first year retirement need, beginning on the first day of retirement, for annual income will be $85,000, of which they have $37,500 available from other sources, and an annual aftertax rate of return of 6.5%,calculate the total amount that needs to be in place when niles and daphne begin their retirement.

Answers

Answer 1

The total amount that needs to be place when Niles and Daphne begin their retirement = $906,131.31

Expected return :

The expected return is the quantity of profit or loss an investor can anticipate taking on an investment. An expected return is computed by multiplying possible outcomes by the odds of them happening and also totaling these outcomes. Expected returns can not be guaranteed

Evaluating the total amount :

Number of periods (Nper) = 25 years

PMT = $85,000 - $37,500

                           = $47,500

Rate = 4%

Expected Return = [(1 + after tax rate)/(1 + inflation rate)]-1 x 100

Expected Return = [(1+6.5%)/(1+4%)]-1 x100

Expected Return = (1.065 / 1.04 )- 1 x 100

                                           = 2.4038%

                     FV= 0

                     Type = 1

Present Value = Calculated in Excel

=PV(rate,nper,PMT,Fv,Type)

                                         =PV(2.4038%,25,-$42,500,0,1)

                                                  PV = $906,131.31

Hence, the total amount required at the beginning of their retirement = $906,131.31 .

Present value :

Present value is the conception that states an quantity of money present is worth further than that same quantity in the future. In other words, money entered in the future isn't worth as much as an equal quantity entered present. admitting$ 1,000 now is worth further than$ 1,000 five times from now. Present value measures the consequence of time on money. Present value is what a sum total of money or a series of cash overflows paid in the future is worth present at a rate of interest known the “ reduction ” rate. Present value is used to plan for fiscal purposes and to produce investment opinions

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Related Questions

your coin collection contains 53 1952 silver dollars. if your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2063, assuming they appreciate at an annual rate of 4.4 percent? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

6310.03 will be collection worth after retiring in 2063.

Considering the values given in the question,

P(Present value) = 53

r(Rate of interest) = 4.4%

n(Time period) = 111

A(Future value) = ?

We know that, Compound interest = P(1+r/100)^n

So, A = 53(1+4.4/100)^111

          = 53*119.0571143

          = 6310.03

Therefore, After retiring in 2063, the collection will be valued 6310.03.

The interest that is computed using both the principal and the interest that has accrued during the previous period is called compound interest. In contrast to simple interest, compound interest does not factor in the principal when calculating the interest for a subsequent period.

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a machine originally had an estimated useful life of 8 years, but after 3 complete years, it was decided that the original estimate of useful life should have been 14 years. at that point the remaining cost to be depreciated should be allocated over the remaining: multiple choice 14 years. 8 years. 9 years. 5 years. 11 years.

Answers

At that point, the remaining depreciated should be spread out over the following 9 years.

How does depreciation work?

to reduce a product's cost or assessed worth. Deducting from taxable income over a period of years a portion of a original outlay of (a business element) as the asset's value declines. verb intransitive: to decrease in value.

Depreciated assets are what?

What Is an Asset With Full Depreciation? A property, plant, or piece of machinery (PP&E) that is fully depreciated only has a salvage value for accounting reasons. Anytime an asset is capitalised, its cost is written off over a period of time in accordance with a depreciation schedule.

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carol had considered buying a 2015 raddo car. while researching the car before she bought it, she came across a magazine article claiming that the car's brakes were prone to failure. carol was motivated to pay attention to the article because of the information's:

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Carol was motivated to pay attention to the article because of the information's perceived safety risk.

Adjective. "motivating." /mtvet/ us. able to inspire a person's enthusiasm for a task: An inspiring manager understands how to support others in taking action.

motivate is more about giving people reasons to act, whereas inspiration is more about a person reaching a point of wanting to act. That is the distinction between babysitting and empowering, motivating or swaying, starting a fire and putting it out. Both inspiration and motivate are required. Any member of a class of specific words used with noun phrases to indicate the identity of the noun phrase referents is considered an article. Articles as a category make up a part of speech. Both "the" and "a(n)" are articles in the English language, which join with nouns to create noun phrases.

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a firm is evaluating two mutually exclusive projects that have unequal lives. the firm must evaluate the projects using the annualized net present value approach and recommend which project they should select. the firm's cost of capital has been determined to be 14 percent, and the projects have the following initial investments and cash flows: tableau3 ( ( project r project s)(initial investment: $40,000 $58,000cash flows: 1 $20,000 $30,000 2 20,000 55,000 3 20,000 4 20,000) ) which project should the firm select?

Answers

Pick Project S since it has a $6459 ANPV.

To choose the most favorable project, the ANPV restates the project's NPV into an annual annuity value.

The result is displayed below:

Year Discounting factor at 14% Project R  PV of project R Project S PV of project S

0            1 -$40,000 -$40,000 -$58,000 -$58,000

1            0.8772  $20,000 $17,544          $30,000 $26,316

2            0.7695  $20,000 $15,389          $55,000 $42,321

3            0.6750  $20,000 $13,499  

4            0.5921  $20,000 $11,842  

NPV                           $18,274                 $10,636

Where discounting factor for year 1 = 1 ÷ 1.14

= 0.8772

So,  

ANPV for project R = 18274 ÷  2.9137

= $6272

ANPV for project S = 10636 ÷  1.6467

= $6459

The cumulative discounting factors are 2.9137 for four years and 1.6467 for two years, both at a 14% rate.

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for which of the following types of audiences should you avoid a question-and-answer period at the end of a presentation?

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For hostile types of audiences should you avoid a question-and-answer period at the end of a presentation?

A donation conveys information from a speaker to followership. donations are generally demonstrations, preface, lectures, or speeches meant to inform, convert, inspire, motivate, make goodwill, or present a new idea/ product. donations generally bear medication, association, event planning, jotting, use of visual aids, dealing with stress, and answering questions.

“ The crucial rudiments of a donation consists of the presenter, followership, communication, response, and system to deliver a speech for organizational success in an effective manner. ” donations are extensively used in tertiary work settings similar to accountants giving a detailed report of company's financials or an entrepreneur pitching their adventure idea to investors. The term can also be used for a formal or ritualized preface or immolation, as with the donation of an ingenue.

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based on the tables below, which of the following sql commands would return the average customer balance grouped by salesrepno?

Answers

c) SELECT AVG (Balance) FROM CUSTOMER GROUP BY SalesRepNo sql commands would return the average customer balance grouped by salesrepno.

What SQL keyword is used to specify the criteria for which rows should be selected?

The condition that defines which rows are to be picked is contained in the SQL WHERE clause. Duplicate rows may appear in a SQL SELECT operation's output. Use the FROM keyword in conjunction with the DISTINCT keyword to have SQL automatically remove duplicate entries from a result.

The columns that should be listed in the query results are specified using the SQL keyword SELECT. The table(s) from which the desired data will be fetched are specified using the SQL keyword WHERE.

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Complete Question:

Based on the tables below, which of the following SQL commands would return the average customer balance grouped by SalesRepNo?

GENERAL SALES DATABASE:

SALESREP

SalesRepNo - RepName - HireDate

654 - Jones - 01/02/2005

734 - Smith - 02/03/2007

345 - Chen - 01/25/2018

434 - Johnson - 11/23/2004

CUSTOMER

CustNo - CustName - Balance - SalesRepNo

9870 - Winston - 500 - 345

8590 - Gonzales - 350 - 434

7840 - Harris - 800 - 654

4870 - Miles - 100 - 345

a) SELECT AVG (Balance)

FROM CUSTOMER

ORDER BY SalesRepNo;

b) SELECT AVG (Balance)

FROM CUSTOMER

WHERE SalesRepNo;

c) SELECT AVG (Balance)

FROM CUSTOMER

GROUP BY SalesRepNo;

d) SELECT AVG (Balance)

FROM CUSTOMER, SALESREP

WHERE SALESREP. SalesRepNo = CUSTOMER. SalesRepNo;

in which option for entering the international marketplace would you find a contractual agreement that gives a local owner/operator the right to use the name and marketing support from the mcdonald's corporation?

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In licensing option, the international marketplace would you find a contractual agreement that gives a local owner/operator the right to use the name and marketing support from the McDonald's corporation.

Giving a foreign business permission to produce a company's goods in another nation in exchange for a fee is known as licensing. These connections frequently revolve around patented technology.

The top executives of a company must determine the best strategy for entering a new nation. Five fundamental choices are available: Exporting is the first option, followed by establishing a wholly owned subsidiary, franchising, licensing, joint ventures, and strategic alliances. The degree of control a firm has over its operation, the entrance cost, the level of risk, and the portion of the operation's revenues that the firm keeps all differ between these alternatives.

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many people believe that, despite ongoing financial innovations, cash will always be with us to some degree as a form of money. what core principle could justify this view

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Many people believe that despite ongoing financial innovations, cash will always be with us to some degree as a form of money. The core principle to justify this view is the 3rd core principle – information is the basis for decisions.

In making any investment decision, information is crucial. The more data that should be gathered the more crucial the decision. We can obtain less information if the choice is not as significant or costly.

For instance, if your investment is a stick of candy floss, you generally won't perform a thorough investigation of the market when you're paying for it at the shop's counter.

However, you have compelling reasons to acquire a ton of information regarding the purchase if you're considering investing $800,000 in a home. Thus the answer to this question is, information is the basis for decisions.

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In the context of a contract, ______ is the legal ability to enter into a binding agreement.

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In the context of a contract, Contraual capacity is the legal ability to enter into a binding agreement

For a contract to be legally binding, everyone who signs it must be "legally competent." Contractual capacity is a legal term that refers to the minimum mental capacity required to enter into a contract. In other words, an incapacitated person is assumed not to know what she is doing, and a contract can be "voided" or cancelled.

Law recognizes her three categories of incapacitated persons. If someone in these categories enters into a contract, the contract may be considered "void". This protects incompetent parties from being forced into a deal based on their lack of skill.

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recently, aditya income life offered and annuity that pays 10% compounded annually. if $1,150 is deposited into this annuity at the beginning of every year, how much is in the account after 9 years?

Answers

Aditya income life offered and annuity that pays 10% compounded annually. if $1,150 is deposited into this annuity at the beginning of every year, $ 17178.04 is in the account after 9 years.

Formula to determine  future amount of annuity due ( when payment deposit in beginning of each period)1+

A = [tex]\frac{p(1+r^{n)-1} (1+r) }{r}[/tex]

where p is periodic deposit amount

r is interest rate per period

n is number of period

n = compounding frequency x time

          1x 9 = 9

p = $1,150

r = 10%= 0.10

n= 9

therefore,

A = 1150 [tex](1+ 0.10)^{9}[/tex]-1 (1+ 0.10)/ 0.10

  = 1717.803822/0.1

  =$ 17178.04

What is annuity?

An annuity is a contract between you and an insurance company whereby you make a lump sum or series of payments  in exchange for regular payments that begin either immediately or at some point in the future.

There are three main types of annuities:

fixedvariable indexed.

Each type has its own risk level  and pay-out potential. In all of these, it is often structured as a deferred annuity. An important feature to consider with any annuity is its taxation. Although the balance grows tax-deferred, the payments you receive are subject to income tax.

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true or false: when the customer has control over the goods or services, the transfer of goods or services is complete.

Answers

The statement is True. When the customer has control over the goods or services, the transfer of goods or services is complete.

Exquisite clients are Advocates. Exquisite customers, once they honestly are becoming awesome cost out of your product, come to be greater than simply satisfied. They do more than simply references. They come up with extra than simply high customer pride marks.

There are four key ideas of accurate customer service: it is personalized, competent, handy, and proactive. Those elements have the largest impact on the customer's enjoyment.

Client delight is described as a dimension that determines how satisfied clients are with a company's products, services, and skills. Client pleasure facts, including surveys and scores, can assist an organization to determine the way to excellent enhance or modify its services and products.

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what are some of the pitfalls of allocating fixed costs on a variable allocation base, such as departmental sales? multiple select question. departments with higher sales are able to shift the costs to less profitable departments. costs allocated to one department are heavily influenced by what happens in other departments. departments with higher or improving sales will be allocated a larger percentage of the costs, thus shifting costs to their departments.

Answers

Departments with higher or improved sales will be allocated a larger percentage of the costs, thus shifting costs to their departments. Costs allocated to one department.

As a fraction of 100, a percentage is a number or ratio. The abbreviations "pct.", "pct.", and occasionally "pc" are also used to indicate it, though the percent sign, "%," is most frequently used. A percentage has no dimensions and no standard measurement.

percent, a comparative value denoting one hundredth of any quantity. One percent (symbolized as 1%), being the hundredth part, is represented by 100 percent, while 200 percent specifies twice the amount specified. percentage.

the picture

In order to move a potential customer from the initial stage of awareness to a closed sales, a salesperson must follow a set of cyclical steps.

An individual in a sales position is in charge of promoting and selling goods.

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a firm has invested $500 in a new machine that is expected to last for the next 4 years. the machine will be depreciated on a straight line basis down to zero by the end of its 4 year life. the firm projects that the machine will generate consecutive annual cash inflows of $550 beginning in one year and will generate consecutive annual cash outflows at 260 also beginning in one year.. assuming the tax rate of 38%, determine the firm's cash flow next year.

Answers

The company's cash flow might be 186.80 next year.

Cash flow refers to the quantity of cash or cash equivalents that a business gets or expends for the purpose of making payments to creditors. The liquidity condition of the business is frequently studied using cash flow analysis.

Spending that occurs in the normal course of business is included in cash flow from operations. Payroll, the cost of items sold, rent, and utility bills are a few examples of these financial outflows. When corporate activities are very seasonal, cash outflows might vary greatly.

Future year's cash flow

Inflow = 500

Outflow = 260

Depreciation = 500/5 = 100

Tax rate = 38%

Cashflow = (500-260-100) × (1-0.38) + 100

= 186.80

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at the beginning of the lease period, a lease is reported in the lessee's (user's) balance sheet for which amount?

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at the beginning of the lease period, a lease is reported in the lessee's (user's) balance sheet for Fair worth of the fundamental resource.

Present worth of anticipated cash inflows from utilizing the fundamental resource. Leases are not announced yet to be determined sheet.

How are working leases detailed in the resident's fiscal reports?

On account of a working lease, the tenant will record a rent cost on its pay proclamation during the period it utilizes the resource. No resource or risk will be recorded on the accounting report.

How would you represent a rent on a monetary record?

A rent will be recorded on the accounting report as a right-of-purpose (ROU) resource and rent risk. The rent responsibility is the instalment commitment over the term of the rent contract, while the ROU resource addresses the control of the resource under the rent contract.

When a rent qualifies as a money rent what sum is recorded as the expense of the right-of-purpose resource?

The right-of-purpose resource is a tenants on the whole correct to utilize a resource over the existence of a rent. The resource is determined as the underlying measure of the rent risk, in addition to any rent instalments made to the lessor before the rent beginning date, in addition to any underlying direct costs brought about, short any rent motivating forces got.

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smathers corporation stock has a beta of .92. the market risk premium is 7.50 percent and the risk-free rate is 3.15 percent annually. what is the company's cost of equity?

Answers

Smather's corporation stock has a beta of .92. the market risk premium is 7.50 percent and the risk-free rate is 3.15 percent annually. Hence, the company's cost of equity is 10.05%.

Smather's Corp. stock has a beta of 0.92.

⇒ Beta = 0.92

Risk-free rate = 3.15 percent

Market risk premium = 7.50 percent

Formula: Cost of Equity = [ Risk free rate + (Beta) × ( Market risk premium) ]

Substitute all values, we get

Cost of Equity =  [ 3.15 + (0.92) × ( 7.50) ]%

= [3.15+6.9]%

= 10.05%

Hence, the company's cost of equity is 10.05%.

The return a business needs to determine if an investment satisfies capital return criteria is known as the cost of equity. It is frequently used by businesses as a cap for the required rate of return. The price the market is willing to pay to possess an asset and assume ownership risk is known as a company's cost of equity. The capital asset pricing model and the dividend capitalization model are the two conventional formulas for calculating the cost of equity (CAPM).

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in a given year, suppose the nominal gdp growth rate is 7 percent, the inflation rate is 2 percent, and the population growth rate is 1.2 percent. what is the real gdp per capita growth rate?

Answers

According to the given information, the real GDP per capita growth rate is 3.8%

Growth rate of (AB) = Growth rate of A + Growth rate of B. —— (1)

Growth rate of (A/B) = Growth rate of A - Growth rate of B. —-- (2)

Nominal GDP divided by price level yields real GDP.

Real GDP/population = Nominal GDP/(Price Level × Population) = Real GDP

                                      per capita

Real GDP per capita = Real GDP/population = Nominal GDP/ (Price

                                     level × Population)

Using the formulas (1) and (2) above, we obtain:

Growth rate of (Real GDP per capita) = Growth rate of (Nominal GDP) -

                                                                Growth rate of (Price) - Growth  

                                                                rate of population

Inflation rate = Growth rate of (Price)

Growth rate of (Real GDP per capita) = 7% - 2% - 1.2%.

                                                             = 3.8%

The real economic growth rate, also known as the real GDP growth rate, calculates economic growth over time as expressed by gross domestic product (GDP), after taking inflation or deflation into account. In other words, it illustrates changes in the value of all goods and services produced by an economy—the nation's economic output—while taking price variations into account.

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myca corporation has a project with the following cash flows. what is the value of the cash flows today assuming an annual interest rate of 9.1 percent? year cash flow 1 $ 1,640 2 2,030 3 2,325 4 2,335

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Myca Corp. has a project with the following cash flows. The value of the cash flows today assuming an annual interest rate of 10.6 percent is $7,799.44.

What is cash flow?

The flow of money into and out of an organisation is known as cash flow. Cash outflows are represented by cash inflows, and vice versa. The cash flow statement is a type of financial statement that details the sources and uses of a company's cash over time.

The quantity of cash entering and leaving your business over a specific time period is known as cash flow. Because it enables you to both meet your current financial obligations and make plans for the future, cash flow is crucial.

Net income and non-cash expenses should be added, followed by the change in working capital and capital expenditures, to determine free cash flow.

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why would subcontractors for a government project want their activities on the critical path? under what conditions would they try to avoid being on the critical path?

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They enjoy being on the critical path because they are being compensated in situations where cost incentives are provided for early project completion.

What conditions would they try to avoid being on the critical path?A subcontractor can prefer to run his activities along the important route when financial rewards are given for finishing the project on time. It makes natural that operations along the path would draw more money to hasten completion because the important path ultimately determines project length.The amount of time that a task can be delayed without impacting the completion date of the project or any other task is known as slack time. This is the amount of time that an operation can be delayed without affecting the overall project's timeline. The difference between the target deadline and the required dates to complete the crucial route is the amount of slack time that is actually available.

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what is the most important information you need to receive a stock quote? once you have information, in two to three sentences, describe what information you can obtain from a stock quote. savestylesformat instructions

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You should first follow the news to learn the most recent information about stocks and their performance. Then you decide which stock to invest in, and then you look up the stock using its symbol.

The price of a stock as it is quoted on an exchange is known as a stock quote. A fundamental quote for a particular stock gives details such the bid and ask prices, last traded price, and volume traded. Since April 9, 2001, all stocks in the United States are quoted in decimals rather than fractions. Bid-ask spreads have drastically decreased as a result; spreads for the most actively traded equities are currently as low as one penny, down from one sixteenth of a dollar (or $0.0625) before.

Investors access stock quotes online or via mobile devices like smartphones more frequently than they do print media like newspapers and magazines. While real-time stock quotes are typically only accessible to paid subscribers, many online portals and websites offer delayed stock quotes to users for free.

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should there be laws to restrict the value of houses people buy and the amount of leverage used to buy the house? what is the problem with having such laws in a free market?

Answers

There should be regulations that limit the value of houses that individuals may buy and the amount of leverage they use to acquire the property because if the value of the house is too high, no one can afford it unless they leverage themselves and go bankrupt.

Regulation in the social, political, psychological, and economic domains can take many forms, including legal restrictions imposed by a government authority, contractual obligations, self-regulation in psychology, social regulation, co-regulation, third-party regulation, certification, accreditation, or market regulation. State-mandated regulation is government interference in the private market to implement policies and generate outcomes that would not otherwise occur, ranging from consumer protection to speedier growth or technical innovation. The regulations may prescribe or prohibit behavior ("command-and-control" regulation), calibrate rewards ("incentive" regulation), or alter preferences ("preferences shaping" regulation). The ability to regulate should include the ability to enforce regulatory decisions. Monitoring is a significant technique utilized by national regulatory authorities in carrying out regulated operations.

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when interest expense is calculated using the effective-interest amortization method, interest expense on a bond that pays interest annually is equal to the:

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when interest expense is calculated using the effective-interest amortization method, interest expense on a bond that pays interest annually is equal to the carrying value of the bonds multiplied by the effective interest rate.

A bond is discounted using the effective interest technique, a procedure in accounting. The amount of the bond discount or premium is amortized to interest expense during the bond's life when using this technique for bonds sold at a discount or premium. The discounting or writing off of a bond is done using the effective interest method.

Over the course of the bond's existence, the amount of the bond discount is amortized as interest expenditure. The amount of interest expenditure rises as a bond's book value rises.

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Forward rate agreements can be used for speculative purposes. If one believes rates will be less than the agreement rate,A) take a long position in the spot market.B) the purchase of a FRA is the suitable position.C) take a short position in a forward rate agreement.D) the sale of a FRA is the suitable position.

Answers

Forward rate agreements can be used for speculative purposes. If one believes rates will be less than the agreement rate, the purchase of an FRA is the suitable position.

An FRA is an agreement between two parties who agree on a fixed rate of interest to be paid and entered at a fixed date in the future. The interest exchange is grounded on an ideational star quantum for a term of no lesser than six months. FRAs are used to help companies manage their interest rate exposures.FRAs can be used by borrowers who have a desire or need to alter their interest rate or cash inflow profile to suit their particular requirements.

FRAs are used by borrowers looking to cover themselves from or take advantage of, unborn interest rate movements. Variable rate borrowers would use FRAs to alter their interest cost by converting from being a variable rate interest payer to a fixed rate interest payer in a request where variable interest rates are anticipated to rise.

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Andrew owns stock in Hyren Airlines and as a result gets paid dividends worth $539.70 every year. If Andrew owns 105 shares of Hyren Airlines, how big is the dividend each share yields?

Answers

Answer:

$5.14 per share in dividends

Explanation:

Andrew owns stock in Hyren Airlines and as a result gets paid dividends worth $539.70 every year. If Andrew owns 105 shares of Hyren Airlines, how big is the dividend each share yields?

= total dividends per year / number of shares owned

= $539.70 / 105

= $5.14 per share in dividends

patents on drugs to treat aids were removed in south africa. how would the market for these drugs have been different if there had never been patents on drugs? the drugs would not have been developed. larger quantities of the drugs would have been produced. the drug prices would have been lower from the start. the drug prices would have been even higher.

Answers

The market for these drugs has been different if there had never been patents on drugs as the drugs would not have been developed.

A patent is a legal proper to an invention given to someone or entity without interference from others who want to duplicate, use, or sell it. Patents are granted by using governing government and have a time restriction, commonly 20 years.

There are 3 sorts of patents - software, design, and Plant. Utility patents can be granted to all of us who invent or discovers any new and useful manner, system, article of manufacture, or compositions of topics, or any new useful development thereof.

A patent gives you the right to stop others from copying, manufacturing, selling, or importing your invention without your permission. See defensive highbrow property. You get protection for a pre-decided length, permitting you to keep competition at bay. You can then use your invention yourself.

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which term has a meaning different from the other ones? amount to be repaid on the maturity date face value price par value

Answers

The price of a bond changes over time, but the face value or par value remains constant and indicates the amount to be returned on the bond's maturity date.

What is the maturity date?

The maturity date of a note, draft, acceptance bond, or other financial instrument is the day on which the principal amount becomes due. The principal investment is refunded to the investor on this date, which is normally stated on the certificate of the instrument in question, and the interest payments that were regularly paid out over the life of the bond stop to roll in. The maturity date is also the date (due date) on which an installment loan must be paid off in full.

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consider an 8-year balloon loan for $160,000 where a monthly payment is equal to that of a 15-year fixed-rate loan with a nominal annual rate of 6.4%. how much will the borrower owe when the balloon payment is due?

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consider an 8-year balloon loan for $160,000 where a monthly payment is equal to that of a 15-year fixed-rate loan with a nominal annual rate of 6.4%. The borrower owe 493.31 when the balloon payment is due.

Balloon loan of $160,000 for 8 year is taken,

Now, Find out the monthly payment first,

r = 6·4% = 0.064 / 12

n = 15X12

  = 180

i  = 12

P = 160,000

160,000 = L (1-(1+ 01084/12)^-180 / (0.064/12)

160000X0.064/12 = L(1-(1+0.064/12)^-180

160000 x0·064/12= L (0·11)^-180

863.33 = 0·11L-180

0.11L = 853.33-180

0.11L = 673.33

6121 the is monthly Payment

now calculate the borrower owe

r = 01064

n= 15

d= 6121

bo= ?

bo = 6121 (1-1+(0:06 4/12) )^-15X12 (0.64/12)

bo = 6121 (1- 1.064/12)^-180

bo = 6121 (0.11)^-180

bo = 6121*0.11 - 180.

bo = 493.31 is the owe amount

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it is said that if someone solves 3-4 questions in leetcode weekly contest is good to go for an interview. then how come the top rankers in these contests usually don't work at good product based companies?

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The people who solve 3-4 questions in the weekly contest are not the top rankers. The people who solve all the questions are the top rankers.And the top rankers are usually not interviews because they are already employed.

 There are a few possible explanations for this:

1) They may not be interested in working at a product-based company. They may prefer to work at a research-based company or in academia.

2) They may not be interested in working in the software engineering field. They may prefer to work in other fields such as mathematics or physics.

3) They may not be interested in working at a company that is not located in their home country.

4) They may not be interested in working at a company that does not have a good reputation.

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for regular tax purposes, michael, who is single, is in the 32% tax bracket. for 2022, his amt base is $420,000. his tentative minimum tax (tmt)is:

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For 2022, his amt base is $420,000. his tentative minimum tax (tmt) is: $134400

The alternative minimum tax (AMT) is what, exactly?

A separate tax scheme from the standard federal income tax is the alternative minimum tax. Your tax due is calculated using both the alternative minimum tax table and the normal federal income tax table when you enter your data into the tax software. The higher tax table of the two will apply to your tax obligation.

The formula for the tentative minimum tax is given as :

minimum tax base * rate

were the amount of the tax base is  $420,000.

The rate is given as 32%

The tentative minimum tax =  $420,000 * 32%

= $134400

The tentative minimum tax that Michael would have is given as $134400

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the distribution to employees of a percentage of the company's profits is known as . multiple choice question.

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Profit sharing, system via which employees are paid a share of the internet income of the employer that employs them, in accordance with a written system defined in advance.

Such payments, which can also fluctuate in accordance to revenue or wage, are distinct from and extra to regular earnings.

What are the advantages of income sharing?

This approves businesses to limit their tax liability and extend their savings. Employers additionally do not have to fear about paying their employees in years when earnings might also be low.

Example of Profit-Sharing Plans

Suppose a company, ABC corporation, earns an annual income of $500,000. This agency employs three employees, X, Y, and Z. Now, all the employees earn an income of $400,000, $200,000, and $400,000, respectively. The organisation has a coverage of a 10%profit sharing plan.

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when consumers make a small down payment, borrow the remaining amount of the purchase price from a lender, and reap the rewards off of the full investment value, they are demonstrating what concept?

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When a borrower delivers collateral to a lender to secure a loan, they are providing a piece of real estate or another asset.

The definition of a collateral acquisitionWhen a borrower delivers collateral to a lender to secure a loan, they are providing a piece of real estate or another asset. Frequently, the house bought with the money from a mortgage serves as the collateral for a loan.Collateral, when used as a noun, refers to anything offered as a promise to pay back a loan. Therefore, if you take out a loan or mortgage to buy a car or a house, the loan agreement will typically stipulate that the vehicle or property is collateral and will be returned to the lender if the money owed is not paid.Security that isn't the main form of protection is called collateral security. In other words, lenders use collateral security in addition to main security to obtain loans. Collateral means secondary or supplemental.      

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