The net income is given as $20,740.00, the comprehensible income is given as $21,170.00
What is net income?This is the term that is used to refer to the earnings that would be made from a business minus the cost that was incurred for the business.
How to solve for the net incomeThe net income is given as the revenue - expenses.
The revenue = $67500
other expenses would be = salary + advert + rent + utility expenses
This is given as
30240.00 + 1,940.00 + 11,230.00 + 3,350.00 = 46,760.00
The net income = $67500 - 46,760.00
= $20,740.00
The comprehensible income is given as $20,740.00 + 430 = $21,170.00
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economic production has fallen to less than full potential due to inadequate incentives for firms to produce. the duration of this economic condition will likely be: question 5 options: indefinite unknown long-term short-term
Economic production has fallen to less than full potential due to inadequate incentives for firms to produce. The duration of this economic condition will likely be short term.
Economic production is a process that employs labour, capital, products, and services as inputs and produces outputs of goods or services under the direction and supervision of an institutional unit. Factors of production in economics are the resources that people employ to create commodities and services; they are the foundation of the economy.
The four kinds of elements of economic production distinguish between are land, labour, capital, and entrepreneurialism. However, much as technology aids in boosting the effectiveness of the production components, it may also replace labour to cut expenses. For instance, robotics and artificial intelligence are employed in manufacturing to increase efficiency, decrease expensive human error, and eventually lower labour costs.
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a company's triple bottom line measures which aspects of its performance? (choose every correct answer.)
A company's triple bottom line measures the aspects of the following performance:
A. financial aspectB. environmental aspectC. social aspect What is a triple bottom line?In economics, the idea of the triple bottom line was that a company can be managed in a way that not only makes money but which also improves people's lives and the well-being of the planet.
So the idea is maintained that companies should commit to focusing as much on social and environmental concerns as they do on profits. It also posits that instead of one bottom line, there should be three aspect which are profit, people, and the planet.
In essence, the Triple Bottom Line seeked to gauge a corporation's level of commitment to corporate social responsibility and its impact on the environment over time. In conclusion, the theory of triple bottom line aims to measure the financial, social, and environmental performance of a company over time.
Full question "A company's triple bottom line measures which aspects of its performance? (select all that apply) A.financial B.environmental C.social D.technological E.ethical
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Kristine transferred investment property she has owned for six years to XYZ Corporation in exchange for 40 percent of the corporation's stock (40 shares valued at $160,000) at the time XYZ was incorporated. The property's adjusted tax basis was $90,000 and its fair market value was $160,000. Assume the transfer qualifies under §351.What gain or loss does Kristine recognize on the transfer?
Based on the question that we have here, Kristine is not going to have to recognize any forms of loss or any forms of gains on the investment property transfer.
What gain would Kristine have?Given the rules in section 368(c) we would have it that Kristine is not going to have any forms of losses or any forms of gains. This would be on the property that is to be transferred.
This is due to the fact that once this property has been transferred to a corporation or to another business, the people that won the corporation would be the ones that would have to take over the control of the business. Hence we would have it that Kristine is not going to have to recognize any gains or any forms of loss on the transfer that she has done.
In conclusion, we have to say that Kristine is not going to have to recognize loss or take gain.
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f a firm has equity equal to $50, and a debt to equity ratio of 1.5, what is the value of the firm's assets? (do not include $ sign) selected answer: 125 correct answer: 125 answer range /- 0 (125 - 125 )
The value of the firm's assets is $125.
What is the debt-to-equity ratio?The debt-to-equity ratio is described as a ratio that is specifically used to assess the financial leverage of a company. It is a highly significant metric within the purview of a firm's finance. This ratio gives a measure of how much debt a firm is using to finance its different operations without using the resources that it already has. Furthermore, the debt-to-equity ratio also highlights the proportion of the debt and the shareholder's equity.
Given that,
shareholder Equity = $50
Debt to equity ratio = 1.5
According to the formula,
Debt to equity ratio = total liabilities/ total shareholder's equity
or, Total liabilities = debt to equity ratio x shareholder's equity = 1.5 x 50 = 75
Assets = liabilities + shareholder equity = 75 + 50 = $125
It can be concluded that the value of the firm's assets is $125.
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2. Miles is planning to open a credit card, charge only his monthly streaming service
subscriptions (less than $50 per month), and pay his entire bill in full each month so
that he never has to pay interest. Which of these factors do you think is most
important for Miles to consider when selecting a card? Why?
Having a credit card offers several benefits, from the flexibility of making purchases when you don't have cash to the opportunity to earn points on every dollar you spend.
Use of credit card:
Having a credit card can also help you establish a credit history, which is crucial if you ever want to apply for a personal loan or mortgage.
Although owning a credit card can enhance your score, it can potentially lower it. It's critical to know how to use a credit card responsibly, live within your limits, and make full, on-time payments to your debt every month.
Factors do you think is most important for Miles to consider when selecting a card:
While choosing a new credit card, there are many things to take into consideration. The best option for you may reflect on the features and costs of a card as well as your own financial condition and interests.
1. Credit Score Requirements:
Although credit card issuers may provide some basic advice, they may not have a minimum credit score requirements for each of their cards.
2. What You Want to to Do With the Card:
You should also think about how you intend to use your new credit card.
3. Fees:
Even if you do not pay interest on your credit card, fees can still affect how much it costs to use the card.
4. Annual Percentage Rates (APRs):
The APR of a credit card influences how much interest is charged while a balance is carried.
5. Rewards:
On every eligible transaction, rewards credit cards may give you cash back, points, or miles.
6. Credit Limit:
The credit limit on your card determines how much of a balance you can have before being unable to make any further purchases.
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monthly sale of beer at a bar is believed to be approximately normally distributed with mean 2450 units and standard 400 units.to determine the level of orders and stock ,the management wants to find two value symmetrically on either side of mean,such that the probability that sales of beer during the month will be between the two values is 0.95 and 0.99 find the required value
Using the normal distribution, the values are given as follows:
Probability 0.95: between 1666 and 3234 units.Probability 0.99: between 1420 and 3480 units.Normal Probability DistributionThe z-score of a measure X of a variable that has mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex] is given by the rule presented as follows:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
The z-score measures how many standard deviations the measure X is above or below the mean of the distribution, depending if the z-score is positive or negative.From the z-score table, the p-value associated with the z-score is found, and it represents the percentile of the measure X in the distribution.In the context of this problem, the mean and the standard deviation of sales are given as follows:
[tex]\mu = 2450, \sigma = 400[/tex]
For the interval with 95% probability, the bounds are calculated when Z = -1.96 and Z = 1.96, excluding the 2.5% of the tails of the distribution, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
-1.96 = (X - 2450)/400
X - 2450 = -1.96(400)
X = 1666.
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
1.96 = (X - 2450)/400
X - 2450 = 1.96(400)
X = 3234.
For the interval with 99% probability, the bounds are calculated when Z = -2.575 and Z = 2.575, excluding the 0.5% of the tails of the distribution, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
-2.575 = (X - 2450)/400
X - 2450 = -2.575(400)
X = 1420.
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
2.575 = (X - 2450)/400
X - 2450 = 2.575(400)
X = 3480.
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Choose the response that accurately completes the following sentence. Gross receipts, reported as income in Part 1 of Schedule C, Profit or Loss from Business, may include:
A. an amount recovered from a bad debt
B. amounts reported to the taxpayer on form 1099-NEC
C. income reported to the taxpayer on form W-2
D. proceeds from a loan
Gross receipts, reported as income in Part 1 of Schedule C, Profit or Loss from Business, may include: amounts reported to the taxpayer on form 1099-NEC
What is meant by gross receipts of income?The term that is used to refer to the gross receipt of income can be defined as the total amount that an organization would have received from all of the sources that it received payments from at a particular period of accounting. This would be done without having to subtract costs or any forms of expenses.
The form 1099 is a form that the IRS would have to give to businesses to make a report of the payments that they have done to the people that are not workers in the businesses but are used as contractors to carry out certain services.
Hence we would say that the gross receipt that is recorded as the income on that part of the business would be the amount that the tax payer would have to report on 1099 NEC form.
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a marketing research approach that uses a discussion leader to interview 6 to 10 past, present, or prospective customers simultaneously is referred to as .
What is an interview?
Personal interviews are the most important instrument for primary research. There are differences in the potential quality of data that can be collected depending on whether the researcher and respondent interact face-to-face. More than just the interviewee's spoken comments, which are frequently brief, can be recorded during a face-to-face interview. Direct communication between humans results in far more information being exchanged. The conversation takes place on a number of levels when two people are face to face. It transcends spoken communication.However, The tone of the words used, the way they are utilized, and the body language all convey what the other person is trying to say.
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• Describe the connection between systems thinking, projects, and corporate strategy.
• Describe an example of how an event, negative or positive, can grow into a vision or strategy by using feedback, loops, and labels.
There is a connection between systems thinking, projects, and corporate strategy. As, companies do need to develop strategies which can ensure their long-term competitive capacity, especially in the turbulent environments.
Systems thinking, which is much like the design thinking. It also requires the time and possibly research budget in order to fully explore the patterns, structures, and cycles which helps on creating a system map or an hypothesis.
Companies do often tend to lack a systemic approach to their strategy development process, so it is important for them to develop strategies which ensure long-term competitive capacity, especially in turbulent environments.
Hence, an event, negative or positive, can grow into a vision or strategy.
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in project schedule management, the ultimate goal of which process is to provide a basis for monitoring project progress for the time dimension of the project?
In project schedule management, developing a schedule is ultimately intended to serve as a foundation for tracking project progress for the time dimension of the project.
What is project schedule management?A thorough plan describing how and when the project will deliver its goods and services as specified by the project scope is called a project timeline.
The definition of the job to be completed and the schedule are closely related. It is a thorough schedule of the jobs or activities that must be done during the project's duration. It also makes it possible to gather a budget by assessing the resources required for the project.
All of the actions or activities required to fulfill the project deliverables are included in the schedule. Dependencies serve as the connections between these jobs. Scheduling analysis is then based on the resulting "network" of tasks.
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State and explain five ways in which tourism aids trade
Five ways that tourism aids trade include:
Increasing foreign reserves. Increasing the number of potential buyers Improving infrastructure which can contribute to trade Marketing local products to foreigners Increase in local trade to service the needs of tourists How does tourism aid trade?Tourism can aid trade by increasing the foreign reserves of a nation. These foreign reserves can then be used to import goods and services. For instance, American tourists to Botswana bring the U.S. dollar which Botswana can use to buy goods from Europe.
Tourism also brings people into a country which means that there are more potential buyers to trade local goods. Tourism also leads to a nation building infrastructure like airports which can then be used to export and import goods. Local products will see more sales as they are marketed to foreigners and companies like hotels will have to buy more goods and services to take care of tourists thereby increasing local trade.
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One of the disadvantages of global joint ventures is that, unlike licensing and franchising, they do not help companies to avoid tariff and nontariff barriers to entry.
a. True
b. False
"One of the disadvantages of global joint ventures is that, unlike licensing and franchising, they do not help companies to avoid tariff and nontariff barriers to entry." This statement is False.
Franchising is grounded on a marketing conception that can be espoused by an association as a strategy for business expansion.
Franchising is a type of agreement that entails reproducing a successful business model across multiple locales. As the business proprietor and franchisor, you would produce a ballot agreement to begin the process and move toward opening a new franchise
.Franchising is a business relationship between two realities wherein one party allows another to vend its products and intellectual property. For illustration, several fast food chains like Domino's and Mcdonald's operate in India through franchising.
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Outlays of monies for items such as life insurance, car insurance, and medical insurance are considered_________ spending.
Outlays of monies for items such as life insurance, car insurance, and medical insurance are considered mandatory spending.
What is insurance?Insurance can be defined as the coverage that help to cover cost or expenses in case of unforeseen or unexpected circumstances.
Having an insurance policy is essential as we cannot predict an event that may happen which is why having a life insurance, car insurance as well as medical insurance are classified as a mandatory spending.
Therefore we can conclude that having an insurance coverage is essential.
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Your friend, Suzie Chang, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie’s product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow.
Factory rent $ 3,120
Company advertising 1,040
Wages paid to assembly workers 31,100
Depreciation for salespersons’ vehicles 2,110
Screws 525
Utilities for factory 855
Assembly supervisor’s salary 3,620
Sandpaper 175
President’s salary 5,140
Plastic tubing 4,000
Paint 280
Sales commissions 1,310
Factory insurance 1,080
Depreciation on cutting machines 2,130
Wages paid to painters 7,650
Assume that Suzie Chang has decided to begin production of her outdoor children’s toy and that screws, sandpaper
The classification of the items as either period or product cost are as follows:
Factory rent - Product costsCompany advertising - Period costsWages paid to assembly workers - Product costs Depreciation for salespersons’ vehicles - Period costsScrews - Period costsUtilities for factory - Period costsAssembly supervisor’s salary - Product costs Sandpaper - Product costs President’s salary - Product costs Plastic tubing - Period costsPaint - Period costsSales commissions - Period costsFactory insurance - Product costs Depreciation on cutting machines - Period costsWages paid to painters - Product costs What is a Product cost?In accounting, a product cost means any costs incurred to create a product. The typical product cost include a direct labor, direct materials, consumable production supplies, factory overhead etc. It can also be considered the cost of the labor required to deliver a service to a customer.
What is a Period cost?Basically, the period costs refers to those costs not included in product costs. These costs are not directly tied to the production process. An example includes an overhead or sales, general, and administrative (SG&A) costs.
Missing question "Identify each of the preceding costs as either a product or a period cost."
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when supplies are purchased on credit it means that: (check all that apply.)
When supplies are bought on credit, a liability is created, the accounts payable account is enlarged, and the business will pay for the items at a later date.
A company's debt to its suppliers and vendors who gave it goods or services on credit appears as an account payable liability on the balance sheet and is short-term.
"Purchased on account" is a term that applies to any credit-based purchases. In order to boost accounts payable, a company that owes another organization money for goods or services delivered will record the entire sum as a credit entry. The unpaid sum will continue to exist until the owing party receives complete payment.
Businesses that buy supplies on credit must make multiple journal entries to reflect the transaction in their financial records. These entries affect the basic accounting equation's equilibrium, which is crucial to the bookkeeping process.
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a threshold capability is difficult to imitate. true or false?
A threshold capability is difficult to imitate: true.
What is a threshold capability?A threshold capability can be defined as the minimum resources and competences that are needed by a business organization (company or firm) in order to enable it meet the unending and necessary minimum requirements of its customers, as well as competing with the competitors (rivals) in a given market and achieve parity.
In Economics, there are different examples of threshold capabilities and these include the following:
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Which product is an example of a consumer good?
• Stock share in a tech company
O Dog food for a pet boarding facility
O Paint sprayer for an autobody shop
O Gallon of milk to use in a bowl of cereal
Answer:
Dog food for a pet boarding facility
Explanation:
On a business's balance sheet, inventory affects.
OA. net income
OB. total assets
C. cost of goods sold
D. gross profit
Answer:
I think its D of not then its C
Explanation:
Answer:
total assets
Explanation:
How is refutation different from concession?
Answer:How is refutation different from concession?
Concession – a sentence or two acknowledging that there could be some truth to the Counterargument. Refutation (also called Rebuttal) – sentences which explain why the Counterargument is not as strong as the original Argument.
Jeffrey Sachs' article titled "America Has Become a Country Owned by the Rich, Ruled by the Rich, and Enjoyed by the Rich" said that a year ago, Joe Biden narrowly defeated Donald Trump in the election, but the prospects for the United States are still uncertain. It is not easy to diagnose exactly what has put the United States in such a difficult position that it has instigated the "Trump Movement."
America Has Become a Country owned , ruled by the rich, and enjoyed by the rich as the rule there exists is of the high monarchy or the sole decision making of the constitution.
The sole decision making authority of the constitution does not allow people of the nation to vote for the person they want to get into the power and are not even allowed to share their prospects.
The high the monarchy the less the decision making authority by the people is given to them, and hence the result is the automatic use of the power and no election to held.
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a) Describe the procedures (steps), that can be followed during the process of recovering the amounts in the book debts from the time they are handed over to the administrator to the time the final amount is handed over to the official receiver
Official letter to be sent. This is not just a straightforward task, but it may also be mandated by law in amount some areas. Speak to a collection company. A debt collection service communicates with debtors by calling them, emailing them, and, if required, filing legal action. Make a legal claim.
If the client still refuses to pay, think about engaging a debt collector. Consider filing a lawsuit. To locate unpaid items, conduct a property search on the debt Personal Property Security Register (PPSR). To assist in obtaining payment, your creditor works with a collection agency amount. To repay the loan, you would only be coordinating with the collection agency.
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To access need-based federal aid, including federal loans you will need to submit _____.
Answer:
You must submit the Free Application for Federal Student Aid, also known as the FAFSA.
Explanation:
Which of the following is NOT an example of a liability?
O Cash
O Equipment loans
O Charge accounts
O Rental fees
According to the given information Cash is NOT an example of a liability.
The correct option is A.
What liabilities mean?Payables, wages, and taxes are examples of current liabilities, which are sums owed for ongoing costs. Current obligations will include payments on long-term debt due in the following year. A company records the following in a liability account, which is a general ledger account as a result of commercial transactions.
Why liability is credited?Liability accounts are parts of the company's books that display its debt. When a liability account is debited, the quantity owed by the company is reduced (i.e., the liability increases), and when a liability bank is credited, the amount owed by the company develops (i.e. increases the liability).
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The complete question is -
Which of the following is NOT an example of a liability?
A- Cash
B- Equipment loans
C- Charge accounts
D- Rental fees
Sofia makes $120 a day as a bank clerk. She takes two days off work without pay to fly to another
city to attend the concert of her favorite band. The cost of transportation and lodging for the trip is
$300. The cost of the concert ticket is $80. The opportunity cost (not total cost) of Sofia's decision
to attend the concert is
$240.
$620.
$380.
$300.
Respuesta:La respuesta es 380
Explanation: Porque,en el problema nos plantea ¿Cuánto gasta si viaja más la entrada? Pero somos dice,no pongas el total gastado,se refiere a que no sumemos los días no pagados
Además que no nos dice si ya le pagaron entonces no tiene un ahorro.
A change in which of the following will not shift the demand curve for hamburger? a. the price of hot dog, b. the price of hamburger, c. the price of hamburger buns, d. the income of hamburger consumer
The option that will not shift the demand curve for hamburger is the price of hamburger.
What will not shift the demand curve for hamburger?
The demand curve is a curve that shows the relationship between the price of a good and the quantity demanded of the good. The demand curve slopes downward indicating a negative relationship between the price of a good and the quantity demanded of the good.
A change in the price of a good will lead to a movement along the demand curve for that good. Other factors would lead to a shift of the demand curve. The demand curve can either shift inward or outward.
Factors that would lead to a shift of the demand curve include:
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If a food-contact surface is in constant use, it should be cleaned and sanitized at least every
Answer: four hours
Explanation:
What was the largest deduction for this pay period? ngpf
The largest deduction for a pay period is the B. Federal tax.
What is the Federal tax about?The Internal Revenue Service (IRS) levies a tax on the annual earnings of individuals, businesses, trusts, and other legal entities in the United States.
Wages, salaries, commissions, bonuses, tips, investment income, and certain types of unearned income are all subject to federal income taxes as part of a taxpayer's taxable income.
Individual federal income tax rates in the United States are progressive, which means that as taxable income rises, so does the tax rate. Federal income tax rates range from 10% to 37% and are levied at various income levels. Tax brackets are the income ranges to which the rates apply. Income in each tax group is taxed at the associated rate.
The complete question is given below.
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What was the largest deduction for a pay period?
Medicare Tax
Federal Tax
State Tax
Retirement
The three basic situational leadership theories are
According to the notion, there are four basic leadership philosophies. High directing behaviors, low supporting behaviors in the directing (S1) domain. High on directing and encouraging behaviors when coaching (S2). Supporting (S3): High levels of supporting behaviors and low levels of directing behaviors theories.
According to Blanchard and Hersey, situational leadership entails "selecting the correct leadership behaviors style for the right individuals." Additionally, it depends on the age and competency of the followers. Leaders theories today appear more like partners than bosses for the first time in history. Depending on who you're managing and when, you might use one of four different leadership philosophies.
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intentionally reporting product sales in the financial statements for the period prior to when they actually occurred is a violation of which generally accepted accounting principle?
Intentionally reporting product sales in the financial statements for the period prior to when they actually occurred is a violation of which generally accepted accounting principle of Revenue Recognition.
Financial statements are written data that bring the commercial enterprise sports and the economic performance of a company. financial statements are often audited through authorities companies, accountants, firms, etc. to ensure accuracy and for tax, financing, or making investment purposes.
The Financial statement, balance sheet, and assertion of coins flows are required economic statements. those three statements are informative equipment that investors can use to research an enterprise's financial energy and provide a quick photograph of an agency's monetary fitness and underlying fee.
The three major sorts of monetary statements are the balance sheet, the earnings statement, and the cash Financial statement. those three statements together show the assets and liabilities of an enterprise, its sales, and fees, in addition to its coin flow from operating, making an investment, and financing activities.
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Ruth has deposited all her saving $100,000 in a bank account which
pays 6% interests compounded quarterly.
Ruth plans to withdraw equal amounts from her saving account at the
end of each quarter in the next two years to pay for her study costs.
Assume that Ruth will make her first withdrawal in next quarter, what is
the most Ruth can withdraw quarterly?
Based on the amount that Ruth deposited in the bank account and the interest rate, the most that Ruth will be able to withdraw quarterly is $13,358.40.
How to find the amount withdrawable?Ruth will withdraw equal amounts over the next two years which means that these amounts can be considered to be annuities.
The $100,000 is therefore the present value of the annuity and the interest rate of 6% is the annuity interest.
The rate of 6% is compounded quarterly so the quarterly rate is:
= 6%/4 quarters per year
= 1.5% per quarter
The number of periods is:
= 2 years x 4 quarters per year
= 8 quarters
The amount that Ruth can withdraw is:
= Present value of annuity / (1 - ( 1 + rate)^-number of periods) / rate
= 100,000 / (1 - ( 1 + 1.5%) ⁻⁸) / 1.5%
= $13,358.40
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