Homework Answers
| Answer | |
| Explanation : | |
| Particulars | Amount |
| Additional earning | $ 8,000 |
| No. of years | $ 40 |
| Total of Additional earning (a) | $ 3,20,000 |
| Interest Rate | 6% |
| Future value (Approximately) (b) | $ 12,38,096 |
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Return to que 7. Jenny Lopez estimates that as a result of completing her master's degree,...
Jenny Lopez estimates that as a result of completing her master’s degree, she will earn an additional $10,000 a year for...
Jenny Lopez estimates that as a result of completing her master’s degree, she will earn an additional $10,000 a year for the next 30 years. (a) What would be the total amount of these additional earnings? (b) What would be the future value of these additional earnings based on an annual interest rate of 8 percent? Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to the nearest whole number.)
Please show all steps. Thank you. 202-1 Determining the Future Value of Education ! Jewny Lopez...
Please show all steps. Thank you.
202-1 Determining the Future Value of Education ! Jewny Lopez estimates that as a result of completing coher Masters Degree, She will earn an additional oste avec les per the Next Løyears What would be the total amount of these ear Nings? mog alabas bWhat would be the future Value of these additional carving Use a financial caculator rate of tepercent ! Cuse or Exhibit 1-B in the Chapter 1 Appendixs not
Problem 1-9 (LO1.3) Carla Lopez deposits $1,600 a year into her retirement account. If these funds...
Problem 1-9 (LO1.3) Carla Lopez deposits $1,600 a year into her retirement account. If these funds have an average earnings of 6 percent over the 40 years until her retirement, what will be the value of her retirement account? Use Exhibit 1-B. (Round your FV factor to 3 decimal places and final answer to the nearest whole dollar.) Value of retirement account
A student who will soon receive her BS degree is contemplating continuing her education by working...
A student who will soon receive her BS degree is contemplating continuing her education by working toward an MS degree in a one year program immediately after her graduation. She estimates that her earnings for the next 5 years with only a BS degree will be $40,000 per year. Without the MS degree, after those initial 5 years, she will start to earn monthly salaries that last forever. For each of these infinitely many years, she estimates that each year...
Maria Turner has just graduated from college with a degree in accounting. She had planned to...
Maria Turner has just graduated from college with a degree in accounting. She had planned to enroll immediately in the master's program at her university but has been offered a lucrative job at a well-known company. The job is exactly what Maria had hoped to find after obtaining her graduate degree. In anticipation of master's program classes, Maria has already spent $450 to apply for the program. Tuition is $8,000 per year, and the program will take two years to...
Maria Turner has just graduated from college with a degree in accounting. She had planned to enroll immediately in the...
Maria Turner has just graduated from college with a degree in accounting. She had planned to enroll immediately in the master's program at her university but has been offered a lucrative job at a well-known company. The job is exactly what Maria had hoped to find after obtaining her graduate degree. In anticipation of master's program classes, Maria has already spent $450 to apply for the program. Tuition is $8,000 per year, and the program will take two years to...
velue: 1.00 points Maria Turner has just graduated from college with a degree in accounting. She...
velue: 1.00 points Maria Turner has just graduated from college with a degree in accounting. She had planned to enroll immediately in the master's program at her university but has been oftered a lucrative job at a well-known company. The job is exactly what Maria had hoped to find after obtaining her graduate degree. In anticipation of master's program classes, Maria has already spent $450 to apply for the program. Tuition is $8,000 per year, and the program will take...
oshua Kelly estimates that taking some classes would result in earning $13,400 more a year for the next 30 years. Based...
oshua Kelly estimates that taking some classes would result in earning $13,400 more a year for the next 30 years. Based on an annual interest rate of 9 percent, calculate the future value of these classes. Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)
Recently, per capita spending on health care in the United States was about $7,000. If this...
Recently, per capita spending on health care in the United States was about $7,000. If this amount increased by 6 percent a year, what would be the amount of per capita spending for health care in 8 years? Use Exhibit 1.A (Round time value factor to 3 decimal places and final answer to the nearest whole number.) Answer is complete but not entirely correct. Future per capita $ 13,032 spending
Return to que ! Required information [The following information applies to the questions displayed below.] The...
Return to que ! Required information [The following information applies to the questions displayed below.] The following transactions apply to Ozark Sales for 2018: 1. The business was started when the company received $50,000 from the issue of common stock. 2. Purchased equipment inventory of $380,000 on account 3. Sold equipment for $510,000 cash (not including sales tax). Sales tax of 8 percent is collected when the merchandise is sold. The merchandise had a cost of $330,000. 4. Provided a...
Please show all steps. Thank you.
202-1 Determining the Future Value of Education ! Jewny Lopez estimates that as a result of completing coher Masters Degree, She will earn an additional oste avec les per the Next Løyears What would be the total amount of these ear Nings? mog alabas bWhat would be the future Value of these additional carving Use a financial caculator rate of tepercent ! Cuse or Exhibit 1-B in the Chapter 1 Appendixs not
Problem 1-9 (LO1.3) Carla Lopez deposits $1,600 a year into her retirement account. If these funds have an average earnings of 6 percent over the 40 years until her retirement, what will be the value of her retirement account? Use Exhibit 1-B. (Round your FV factor to 3 decimal places and final answer to the nearest whole dollar.) Value of retirement account
Maria Turner has just graduated from college with a degree in accounting. She had planned to enroll immediately in the master's program at her university but has been offered a lucrative job at a well-known company. The job is exactly what Maria had hoped to find after obtaining her graduate degree. In anticipation of master's program classes, Maria has already spent $450 to apply for the program. Tuition is $8,000 per year, and the program will take two years to...
Maria Turner has just graduated from college with a degree in accounting. She had planned to enroll immediately in the master's program at her university but has been offered a lucrative job at a well-known company. The job is exactly what Maria had hoped to find after obtaining her graduate degree. In anticipation of master's program classes, Maria has already spent $450 to apply for the program. Tuition is $8,000 per year, and the program will take two years to...
velue: 1.00 points Maria Turner has just graduated from college with a degree in accounting. She had planned to enroll immediately in the master's program at her university but has been oftered a lucrative job at a well-known company. The job is exactly what Maria had hoped to find after obtaining her graduate degree. In anticipation of master's program classes, Maria has already spent $450 to apply for the program. Tuition is $8,000 per year, and the program will take...
Recently, per capita spending on health care in the United States was about $7,000. If this amount increased by 6 percent a year, what would be the amount of per capita spending for health care in 8 years? Use Exhibit 1.A (Round time value factor to 3 decimal places and final answer to the nearest whole number.) Answer is complete but not entirely correct. Future per capita $ 13,032 spending
Return to que ! Required information [The following information applies to the questions displayed below.] The following transactions apply to Ozark Sales for 2018: 1. The business was started when the company received $50,000 from the issue of common stock. 2. Purchased equipment inventory of $380,000 on account 3. Sold equipment for $510,000 cash (not including sales tax). Sales tax of 8 percent is collected when the merchandise is sold. The merchandise had a cost of $330,000. 4. Provided a...
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