Answer:
c. $455.75
Explanation:
The calculations for the quarterly payments are as follows:
= Remaining balance ÷ PVIFA factor for 2.5% over 12 years
Here,
Remaining balance is
= $5,500 - $5,500 × 15%
= $5,500 - $825
= $4,675
And the PVIFA factor for 2.5% across 12 years is 10.2578.
Refer to the PVIFA table.
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= $4,675 ÷ 10.2578
= $455.75
Considering quarterly payments, the rate is divided by four and the time frame becomes four times as long.
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I've researched the question because it's lacking details. I've included an image of the appropriate chart. To determine Elvis' marginal benefit of the fourth sandwich, you subtract his total benefit from having three sandwiches from his total benefit for four sandwiches, leading to 81 - 75 = 6. Thus, the Marginal Benefit of the fourth sandwich is 6.
$100,000.
Since Kathy and Annise are a married duo filing jointly, their adjusted gross income (AGI) is computed by subtracting a net loss from their initial AGI.
Currently, AGI amounts to $120,000, with a rental loss of $30,000 and a partnership gain of $10,000.
The revised AGI becomes Current AGI - Net Loss, or 120,000 – 20,000, leading to a revised AGI of $100,000.
Calculating the net loss: Rental loss – partnership gain equals $30,000 - $10,000, resulting in a net loss of $20,000. Notably, Kathy and Annise may claim this $20,000 loss against other income, as they actively engage in rental activities.
$0.20 Explanation: To determine the adjustment in the future price, the initial step is calculating the loss, as follows: Loss = Initial Margin - Maintenance Margin = $4,000 - $3,000 = $1,000. The future price adjustment will then be Loss divided by the size of the contract, returning to $1,000 ÷ 5,000 ounces = $0.20. Thus, the future price rises by $0.20. If the margin call isn't satisfied, the broker will step in at the maximum price to prevent additional losses.
