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Korvikt [17]
3 years ago
6

The Aggarwal Corporation needs to save $10 million to retire a $10 million mortgage that matures in 10 years. To retire this mor

tgage, the company plans to put a fixed amount into an account at the end of each year for 10 years, with the first payment occuring at the end of 1 year. The Aggarwal Corporation expects to earn 9 percent annually on the money in this account. What equal annual contribution must it make to this account to accumulate the $10 million in 10 years?
Business
1 answer:
Kaylis [27]3 years ago
7 0
See the formula of the future value of annuity ordinary through Google
Solve for PMT
PMT=10,000,000÷(((1+0.09)^(10)
−1)÷(0.09))=658,200.89
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Vinca Inc. has paid a dividend of $1.2 a share last year. Yesterday, the firm announced that the dividend will increase by 10 pe
shtirl [24]

Answer:

option (d) $18.24

Explanation:

Data provided in the question:

Dividend paid last year = $1.2

Dividend growth rate for 3 years, g = 10%

After 3 years Dividend growth rate, g' = 4%

Required return, r = 12%

Now,

Present vale factor, PVF =  \frac{1}{(1+i)^n)}

Year       Dividend                      PVF @12%             Dividend × PVF

1            1.2(1+.10)= 1.32                0.89286                  1.1786

2            1.32(1+.10)= 1.452      0.79719                    1.1575

3            1.452(1+.10)= 1.5972      0.71178                     1.1369

3(Terminal value) 20.7636      0.71178                     14.7791

=====================================================

Current share price ∑(Dividend × PVF )                  ≈     $18.24

Note:

Terminal value at year 3 = \frac{D3(1+g')}{(r-g')}

= \frac{\$1.5972(1+0.04)}{(0.12-0.04)}

= $20.7636

Hence,

The correct answer is option (d) $18.24

5 0
3 years ago
at a small company, one person prepares the paychecks for employees and another person reviews the check amounts and signs the c
____ [38]

At a small company, one person prepares the paychecks for employees and another person reviews the check amounts and signs the checks. this is an example of creating checks and balances approach to combatting destructive leadership.

<h3>What is company?</h3>

The term "company" refers to legal entities that are lawfully registered under the Company Act. The company's major goal is to increase profits while maintaining goodwill. With the assistance of management, the organization was flawlessly run. Employees are compensated by the company.

According to the small company, one authorisation figure checks the other's work being done, and thus maintains balance. The destructive leadership is checked and balanced.

As a result, the is an example of creating checks and balances approach to combatting destructive leadership.

Learn more about on company, here;

brainly.com/question/29354835

#SPJ1

Your question is incomplete, but most probably the full question was.

a- emphasizing low power distance

b- empowering employees

c- creating checks and balances

d- establishing norms and values

4 0
1 year ago
What is the main duty of the Federal Reserve?
Leno4ka [110]
Answer: A. Controlling inflation


Explanation: It controls inflation to avoid a recession.
7 0
3 years ago
Why do so few organizations give human resource planning a high profile?
krek1111 [17]
By writing and allowing the resource to become more in evloved in the system and they would become more into planning a high profile idk if this is right 
5 0
3 years ago
Read 2 more answers
Genuineness, or reality, of agreement is said to be present in a contract when there is:_______.
Papessa [141]

Reality of contract of an agreement is said to be present in a contract when there is genuineness.

When there is true meeting of minds or reality of agreements is the genuineness. Fraud charges are proven wrong only if they are in a written form of contract.

Be it spoken or act of conduct it cannot be stated as a fraud without any consent present information. They are not backed by fraud cloud, misrepresentation, undue influences and mistakes. It is definite and claim which is fairly straight forward in contracts. Reality emerges if the contract is fulfilled on time with due influence.

To learn more about contract here,

brainly.com/question/2669219

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6 0
2 years ago
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