G . A condominium in Maui now costs $500,000. Inflation is expected to cause this price to increase at 8 percent per year over the next 5 years before you retire from your CFO position in a Big 4 company. How large an equal annual end-of-year deposit must be made into an account paying an annual rate of interest of 12 percent to buy the condominium upon retirement?

$115,643

Explanation:

The condo is now valued at $500,000

--> Future value (FV) of the condo in 5 years in 500,000 x 1.08^5 = $734,664

n = 5 years

i/r = 12%

Present value (PV) of the deposit now = 0 (no deposit has been made)

PMT (Amount of annual deposit need to be made) = ?

In order to find PMT, we need to input all the above info into financial calculator.

PMT = $115,643

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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