1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dennis_Churaev [7]
4 years ago
11

Your father is considering purchasing an annuity that pays $5,000 at the beginning of each year for 5 years. he could earn 4.5%

on his money in other investments with equal risk. what is the most he should pay for the annuity?
Business
1 answer:
Volgvan4 years ago
4 0
22,938 is what he should pay for the annuity.
 Given;
Pv = 5000
r = 4.5
n = 5
Formula of Annuity payment is; P = r(PV) / 1 - (1 + r)^-n
= 5000 * 0.045 / 1 - (1+0.045)^-5
= 22,938
Just follow the formula of the annuity payment and you can get the final answer you are looking for. The answer in this question is $22,938
You might be interested in
Which of the following statements is true of low customer contact businesses? a. Customer access is relatively important when co
Neko [114]

Answer:

the answer is B

Explanation:

why ? most of the company's care about the customer , but it depends how big is their market and also what they are offering , so the small restaurants or even dry cleaners , their business are not without huge demand , the customer and the restaurant have a low contact, or the usually use a complaints and claims box where the customer can express your opinion of the restaurant service.

3 0
3 years ago
A company purchased a new delivery van at a cost of $61,000 on July 1. The delivery van is estimated to have a useful life of 5
faust18 [17]

it's half a year out of 5, so 1/10 of the useful lifetime of the van

$61,000 - $4,900 is $56.1000

one tenth of that will be what we are looking for, so option b. should be just right to fit here

4 0
3 years ago
Enterprise software includes a database and thousands of predefined​ ________________.
Lelechka [254]

Answer:

business processes

Explanation:

Enterprise software includes a database and thousands of predefined business processes that reflect best practices

7 0
2 years ago
Industry analysts said that the recent rise in fuel prices may be an early signal of the possibility of gasoline and heating oil
yaroslaw [1]

Answer:

(E) that prices of gasoline and heating oil will stay higher than usual through

Explanation:

4 0
3 years ago
Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of the year, her accountan
lakkis [162]

Answer:

Ghhbbbhj

Explanation:

Ghhhbbhh

4 0
3 years ago
Other questions:
  • The following ledger accounts are used by the Heartland Race Track
    8·1 answer
  • Professor rodgers examined survey information on people who were 65 years old and older. he found the average level of happiness
    11·1 answer
  • David and Lilly Fernandez have determined their tax liability on their joint tax return to be $2,100. They have made prepayments
    8·1 answer
  • When a shotgun fires, a sequence of events takes place. After the hunter pulls the trigger, what is the next event in the sequen
    14·2 answers
  • Explain why it is true that for a firm in a perfectly competitive​ market, the​ profit-maximizing condition MR​ = MC is equivale
    7·1 answer
  • Marko, Inc., is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $5,700, $10,700, and
    15·1 answer
  • Alby ltd. is a cement manufacturing plant. Alby calculates the NVP of buying a new cement mixer. he turns down the capital inves
    10·1 answer
  • Yellow Inc. reports year-end credit sales in the amount of $209,000 and accounts receivable of $163,000. The company uses the ba
    10·1 answer
  • Which Diagram best illustrates the effects of economic growth on a business?
    6·1 answer
  • According to ethical guidelines, at the end of a study participants must be fully informed as to the purpose of the study and gi
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!