Answer:
The present value of the machine is $35499
Explanation:
The annual amount or annuity amount = $4010 per year.
Total number of years = 13 years
Here, the interest rate is not given so we just assume the interest rate = 6% per annum.
Since we have a total number of years and annual payment that occurs for 13 years. We are required to find the present value of the machine. So use the formula to find the present value of the annuity.
The present value of machine = (Annuity amount x (1 – (1+r)^-n) ) / r
The present value of machine = (4010(1 – (1+6%)^-13) ) / 6%
The present value of machine = $35499
Answer:
Annual deposit= $14,789.43
Explanation:
Giving the following information:
You decide you will need to save $ 2 million by the time you are 65.
The interest rate is 5 %. The number of years until 65 is 42.
We need to use the following Final Value formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (2000000*0.05)/[(1.05^42)-1]= $14,789.43
Answer:
this is an opinion question based upon your life experiences... no one can answer that for you
Explanation:
talk about what part of your life has been most rough and how it changed you and your personality/how you see the world
Answer:
employablee means that your able to apply to get a job i think but im not sure i just need these points lol
Explanation: