Answer:
Instructions are listed below
Explanation:
Giving the following information:
Suppose you just bought an annuity with 9 annual payments of $15,400 at the current interest rate of 11 percent per year.
First, we need to determine the final value with the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Then, we can calculate the present value with the following formula:
PV= FV/(1+i)^n
A)i=11%
FV= {15400*[(1.11^9)-1]}/0.11
FV= $218,125.17
PV= 218,125.17/(1.11^9)= $85,270.53
B) i= 6%
FV= {15400*[(1.06^9)-1]}/0.06
FV= $176,966.27
PV= 176,966.27/(1.06^9)= $104,746.06
C) i= 16%
FV= $269,785.02
PV= $70,940.77
The given statement "Examples of company-wide applications, called legacy applications, include order processing systems, payroll systems, and company communications networks" is False.
<h3>
What is an enterprise application?</h3>
- A big software system platform known as an enterprise application (EA) is intended to run in a corporate setting, such as a business or government. EAs are mission-critical, complicated, scalable, distributed, and based on components.
- For instance, Salesforce is a platform for customer relationship management that links teams in sales, marketing, commerce, and customer service.
- Microsoft Office 365 is a productivity cloud that includes Word and Excel as well as additional programs for device management, security, and other things.
Learn more about the enterprise application with the help of the given link:
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Freedom of individual choice is possible to the extent that the market provides options for work, developing a business, and purchasing goods and services (so long as you can afford them).
Hope this helps :)
When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.
<h3>What is stated amount?</h3>
A stated amount is the value or amount the owner of a property gives as the worth of the property. This can be for your vehicle and it is provided to the insurer.
The stated amount is given for insurance to show the worth of a property that is insured.
Insurance helps to prevent total loss on a property incase of some unforeseen circumstance.
Therefore, When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.
Learn more on stated amount below
brainly.com/question/18276040
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The first step in making a choice is to define the issue at hand. When making judgments, related costs and benefits should be evaluated. When making judgments, extraneous costs and advantages should be overlooked.
