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Please show work and explain answers! Answers to all questions with work will receive a thumbs up! 1. You invested $6,500 at 6% simple interest.
Please show work and explain answers! Answers to all questions with work will receive a thumbs up!
1. You invested $6,500 at 6% simple interest. How much "more" could you have earned over a 10-year period if the interest had compounded annually? 2. Duela Dent is single and had $182,400 in taxable income. Use the rates from the picture, calculate her Income Taxes. Taxable income TABLE 2.3 Tax Rate Personal tax rates for 2018 (unmarried Individuals) $ 0- 9,525 9.525- 38,700 38.700- 82.500 82,500- 157,500 157.500- 200,000 200,000- 500,000 500,000+ 10% 12 22 24 32 35 37 3. Postal Express is considering the purchase of a new sorting machine. The sales quote consists of quarterly payments of $37,200 for five years at 7.6 percent interest. What is the purchase price? 4. Lester's Fried Chick'n purchased its building 11 years ago at a cost of $189,000. The building is currently valued at $209,000. The firm has other fixed assets that cost $56,000 and are currently valued at $32,000. To date, the firm has recorded a total of $49,000 in depreciation on the various assets it currently owns. Current liabilities are $36,600 and net working capital is $18,400. What is the total book value of the firm's assetsStep by Step Solution
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