If the fund pays 9% annually, you will have $1248.05 in two years.
Future value is the value of a product or investment at some point in the future. In other words, the future value is the amount of money that, assuming a specific rate of return, an investment will be worth after a specific period of time.
According to the concept of present value, money is worth more now than it will be later. In other words, money received in the future is not as valuable as money obtained now in the same amount.
A = Future Value
P = Present value
r = Rate of interest
n = Time period
A = 
= 
= $1248.05
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Answer:
NRAs stands for Non- resident Aliens and who is single
Explanation:
NRAs stands for Non- resident Aliens are the one who are not subject to the Net Investment Income Tax. If NRA, is married to the citizen or the resident of U.S (United States) and has planning to make, an election in the section 6013 (g), which is to be treated or act toward as the resident alien for the motive of filing as the Married Filing Jointly.
The concluding regulations offer special rules to those couples and a correlate section for the NIIT (Net investment income tax).
Note: The options are missing, so providing the direct answer.
Answer:
Correct answer is Option A = $67
<u>Explanation:</u>
In order to find out the predetermined overhead rate, forecasted overhead for the current year will be taken into account alongwith total machine hours of that has been forecasted for the current year.
Formula for calculation
Predetermined overhead rate = Forecasted Overhead for the year / Total Machine hours
Forecasted Overhead for the year = $11938000
Total Machine hours = 177000
Predetermined overhead rate = 11938000/177000 = $67 ( Rounded off )
Answer:
In a information age! Anyone can use a book or a computer to get data, information, business and knowledge which is why this is a information age!
Answer: the correct answer is D) Contract asset: $0, contract liability: $380,000, accounts receivable, $0.
Explanation: Contract asset is $0 because the asset belongs to the company that has the equipment which is Packard Associates. Gupta has a liability of $380,000 because it has to deliver the equipment. Accounts receivable are $0 because the equipment hasn't been delivered yet.
