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Derek and Kent are partners.At the beginning of the current year,Derek's capital account is $30,000,while Kent's is $50,000.The partners decided to allocate income with 10% interest on capital balances at the beginning of the period and divide the balance equally.Net income for the current year,2017,is $80,000.Each partner withdrew $15,000 for personal use during the year.Determine the amount of income that each partner will be allocated.
Guaranteed Rate
An interest rate or return that is promised by a lender or issuer to an investor for a fixed period.
Discount Factor
A multiplicative factor used in discounted cash flow (DCF) analysis to calculate the present value of future cash flows.
Straight-Line Depreciation
A strategy for apportioning the cost of a concrete asset over its effective life in equal yearly installments.
Net Present Value
A financial metric that calculates the present value of all cash flows (both incoming and outgoing) expected from an investment, adjusted for time and interest.
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