Find the present value
Problem:
Find the Present Value of $344 to be received 2 year(s) from now if the interest rate is 6% compounded Monthly. Show your all work and describe in detail.
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You deposit $3,500 into an account every year for 6 years. The account pays 7% interest. How much will you have at the end of that time? Show your all work and describe in detail.
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If Scot and Vidia earn an additional $83,500 of taxable income, what is their marginal tax rate on this income? How would your answer differ if they, instead, had $83,500 of additional deductions? Explain in detail.
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