This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Joe and Amy Kivers both worked last year. Joe earned 48,00 . as a mechanic. Amy earned 18,00 . doing ... (Read 174 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
on: Jun 24, 2018
Joe and Amy Kivers both worked last year. Joe earned 48,00 . as a mechanic. Amy earned 18,00 . doing typing at home. They inherited 12,000 . Compute their combined gross income.

Question 2

Amit Cheeda has a welding business that primarily services heavy equipment on highway construction projects. Amit plans to replace equipment in 5 years, but he does not want to borrow the money. Therefore, he makes 20 quarterly deposits into a sinking fund that will earn 6 compounded quarterly. How much should Amit deposit each quarter if he wants to have 50,00 . after the 5 years? Use Tables 23-1A and 23-1B or a calculator.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Liddy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 24, 2018
Answer to Question 1

78,000

Answer to Question 2

50,00 .  23.12367 = 2,162.29 quarterly payments


Brittanyd9008

  • Member
  • Posts: 500
Reply 2 on: Jun 24, 2018
Gracias!

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ... This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ...
Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ... Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ...
essay on friendship written by a 10-year-old essay on friendship written by a 10-year-old
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ... Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...
A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ... A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ...
Kindergarten school year book Kindergarten school year book
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library