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KATRIN_1 [288]
1 year ago
9

What is the present value of an ordinary annuity of $500 a year for 6 years assuming an interest rate of 9%?.

Business
1 answer:
il63 [147K]1 year ago
7 0

PV = <u>$2,242.96</u>

The present value of an ordinary annuity of $500 a year for 6 years assuming an interest rate of 9% is<u> </u><u>$2,242.96</u>

<h3>What is the interest rate?</h3>

The fee that a lender assesses on a borrower is known as the interest rate, which is expressed as a percentage of the principal, or the loaned amount. Usually, the annual percentage rate (APR), which is how loans' interest rates are expressed, is noted (APR).

In its simplest form, interest is a charge imposed on the borrower for using a resource. Assets that have been lent include cash, goods, vehicles, and real estate. It is possible to think of higher interest rates as the "cost of money" because they make borrowing the same amount of money more expensive.

The majority of lending and borrowing transactions, therefore, involve interest rates. People take out loans to buy homes, finance initiatives, start or fund businesses, or cover college tuition. Businesses obtain loans to finance capital projects and grow their operations by acquiring long-term and fixed assets like real estate, buildings, and equipment. The repayment of borrowed funds can be made in one lump sum by a specific date or over the course of several payments.

Thus, $2,242.96 is the present value.

For more information on the Interest rates, refer to the given link:

brainly.com/question/13324776

#SPJ4

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Arbitration can work instead of the suit filed by Daniel against a chemical company is responsible for contaminating some land that he owns if they give him a worthy compensation.

Explanation:

Arbitration means to settle out of court.

This method is used in resolving disputes outside of court to avoid certain legal documents that might haunt the company in future.

During Arbitration, parties refer their disputes to an arbitrator who reviews the evidence, listens to the parties, and then makes a decision that is favorable to both parties. More like a win-win.

Arbitration clauses can be mandatory or voluntary, and the arbitrator's decision may be binding or nonbinding but for arbitration to work, the parties must arrive at a mutual compromise.

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Kelso Electric is debating between a leveraged and an unleveraged capital structure. The all equity capital structure would cons
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Answer:

$52,267

Explanation:

Calculation to determine the break-even level of earnings before interest and taxes between these two options

EBIT/40,000 = [EBIT- ($280,000 ×0.07)]/25,000

EBIT/40,000 = [EBIT - ($19,600)]/25,000

Cross multiply

25,000EBIT=40,000(EBIT-19,600)

25,000EBIT=40,000EBIT-784,000,000

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Therefore the break-even level of earnings before interest and taxes between these two options is $52,267

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The correct answer is d. property could bring prestige, and prestige could bring property.

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The "stratum" is the conglomerate of individuals who occupy a similar position in the hierarchy of prestige of a society. These men have a very weak and relative community of culture and gender of life and can hardly become the support of a common conscience and action. The "class" is instead a totality, a group, which is characterized above all by conscience, will and action (organization, party)

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An Express agency is a real agency established by a verbal or written agreement between the agent and the principal. The Principal hereby appoints the Agent hereunder to act as the Principal's agent. An express agency, for instance, is a documented listing agreement between a broker and a real estate seller. An agency agreement outlines the conditions of the agency, including what the agent is allowed to do and how much is paid for the agent's services. The agreement also grants the agent the power that the principal specifies, such as the only able to act in her place.

To know more about agency agreement refer to:  brainly.com/question/14093696

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